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Topics: Risk Management
Will project assumptions always list as a risk in project Risk Register ?
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As a general practice, assumptions, constraints, requirements are the source to identify project risks. I would like to know if all project assumption should always list as a Risk in Project Risk Register.
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I tend to not include ALL and ALWAYS in generalistic statements.

Example: it could be assumed that the team members have the needed skills to perform their assigned activities. On the other hand, this could be a risk if during the project initiation it becomes known that the team is lacking the required skills.
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Usually assumptions are made when the risk is very low that the assumption will be wrong.

Therefore, you should keep your assumptions in your low risks log.
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Assumptions are input to risk identification/ re-evaluation. Next steps depend on the assessment result.
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Every assumption is a potential risk. To understand more about assumptions, constraints and dependencies you can read the following articles: *Project Dependencies *Project Constraints *Project Assumptions *4 Types Of Project Dependencies To understand more about the risk management process, you can read the following: *Project Risk *Project Risk Management Process


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1 reply by Stéphane Parent
Sep 11, 2017 1:58 PM
Stéphane Parent
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"Every assumption is a potential risk."

Interesting sentence, Praveen. It begs the question: can a risk not be a potential risk?

Perhaps you meant "Every assumption has the potential to be a risk"? If so, I would consider that an assumption is considered to likely be true. But since it could unlikely be false, does it not make it a risk immediately, rather than later?

Assumptions, like risks, are fuzzy logic, being both and neither true or false.
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Assumptions are a source of risk and not risks by themselves. That's why in the 6th edition of the PMBOK Guide, they distinguish between the risk register and the assumption log. However, when identifying risks, it is a good idea to review assumptions to identify any which if invalid might negatively or positively impact things...

Kiron
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1 reply by Vincent Guerard
Sep 08, 2017 1:46 PM
Vincent Guerard
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Kiron,
Good observation
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Perhaps I can illustrate my previous comment.

I may have in my assumption log, "the project will not be disrupted by employee strikes" In most instances there is little chance that the statement will be wrong.

I will then go to my low-risks log and put "an employee strike impedes the project". I keep it out of my risk register as it does not require frequent review. I will review my low-risks log, every fourth status meeting.
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Sep 08, 2017 12:21 PM
Replying to Kiron Bondale
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Assumptions are a source of risk and not risks by themselves. That's why in the 6th edition of the PMBOK Guide, they distinguish between the risk register and the assumption log. However, when identifying risks, it is a good idea to review assumptions to identify any which if invalid might negatively or positively impact things...

Kiron
Kiron,
Good observation
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Sep 08, 2017 2:55 AM
Replying to Praveen Malik
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Every assumption is a potential risk. To understand more about assumptions, constraints and dependencies you can read the following articles: *Project Dependencies *Project Constraints *Project Assumptions *4 Types Of Project Dependencies To understand more about the risk management process, you can read the following: *Project Risk *Project Risk Management Process


"Every assumption is a potential risk."

Interesting sentence, Praveen. It begs the question: can a risk not be a potential risk?

Perhaps you meant "Every assumption has the potential to be a risk"? If so, I would consider that an assumption is considered to likely be true. But since it could unlikely be false, does it not make it a risk immediately, rather than later?

Assumptions, like risks, are fuzzy logic, being both and neither true or false.

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