Assumptions, are a necessary part of the project process. However, all assumptions have an element of risk. It is therefore critical that you recognise and manage this.
- All assumptions must be captured and documented in an assumptions register.
- Every assumption should be assigned an owner.
- Make owners accountable for managing the risk associated with the assumption.
- Regularly analyse assumptions and implement strategies to close out.
- Review assumptions at stage gateways and prior to approval requests.
- Assumptions on interfaces / dependencies are often critical and must be closed rapidly.
Keep a close watch on the total number of open assumptions, the number of open interface assumptions and the duration that assumptions remain open. Whenever you say / hear / read something, ask yourself what has been assumed.
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