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Assumption-based planning in project management is a post-planning method that helps companies to deal with uncertainty. It is used to identify the most important assumptions in a company's business plans , to test these assumptions, and to accommodate unexpected outcomes.
The list of assumptions should include the factors that may impact the project's success but cannot be directly controlled by the project or program managers. In some cases, these include what could be killer assumptions, which if invalid will have major negative consequences for the project. A good project design should be able to substantiate ...
Then if the assumption is important to the results of the analysis, the results would be only as reliable as the certainty of the assumption. Carrying that example a step further, if one were to research the genetics of a transgenic potato, one might make the general assumption that God does not exist, or at least make the general assumption ...
Assumptions, Exclusions, and potential problems: FEE seeks to identify potential problems, assumptions or exclusions that could affect the project during execution. Identifying these during the front-end planning stage so they can be accounted for is the goal of FEE.
Calculation of Point of Total assumption (the case when EAC exceeds PTA that should be treated as a risk trigger, is shown) The point of total assumption (PTA) is a point on the cost line of the profit-cost curve determined by the contract elements associated with a fixed price plus incentive-Firm Target (FPI) contract above which the seller effectively bears all the costs of a cost overrun.
A project plan, is a series of structured tasks, objectives, and schedule to a complete a desired outcome, according to a project managers designs and purpose.According to the Project Management Body of Knowledge (PMBOK), is: "...a formal, approved document used to guide both project execution and project control.
For example, a triangular ... under the assumption that the project work time estimates are uncorrelated ; The E and SD values are then used to convert the ...
In a project network, a dependency is a link among a project's terminal elements. [citation needed]The A Guide to the Project Management Body of Knowledge (PMBOK Guide) does not define the term dependency, but refers for this term to a logical relationship, which in turn is defined as dependency between two activities, or between an activity and a milestone.