Risk Management
Assumptions: Assumptions are factors that we believe to be true, although these factors are not confirmed to be true. Assumptions add risk to a project since it is possible that they will turn out to be false. Assumptions can impact any part of your project life cycle and resulting solution implementation, so it is important to document and analyze them.
People make assumptions about things that they believe to be true every day. When was the last time that you left the house headed out to do your errands and calculated the time it would take to get those errands done based upon your assumptions for what you needed to do, where you were stopping and what traffic would be like along the way? Of course, there was always the risk that you would get those errands done in more time than you planned if the order of stops, what you did at each stop and the traffic did not behave as you assumed it would behave [LTIB].
Assumptions: Assumptions are factors that we believe to be true, although these factors are not confirmed to be true. Assumptions add risk to a project since it is possible that they will turn out to be false. Assumptions can impact any part of your project life cycle and resulting solution implementation, so it is important to document and analyze them.
People make assumptions about things that they believe to be true every day. When was the last time that you left the house headed out to do your errands and calculated the time it would take to get those errands done based upon your assumptions for what you needed to do, where you were stopping and what traffic would be like along the way? Of course, there was always the risk that you would get those errands done in more time than you planned if the order of stops, what you did at each stop and the traffic did not behave as you assumed it would behave [LTIB].
