About Assumptions

An Assumption is an unvalidated factor that has the potential to influence the outcome of the project.

Project on Demand provides an Assumption management solution that facilitates Assumption recording, validation and review management.

The Assumption management process within Project on Demand is as follows:

	Project Management Process Step	Action within Project on Demand
1	Identify and record the Assumption.	Create a new Assumption.
2	Assign ownership of the Assumption.	Set the Owner.
3	Perform a risk assessment to establish when the Assumption is required to be validated.	Set the Validation Date and Review Date.
4	Monitor the Assumption and perform periodic reviews.	Monitor Dashboard / Assumption Management for any overdue Assumption reviews.
5	Validate the Assumption.	Set Status to Resolved.

Name	Description	Possible Values
ID	Unique Assumption reference number.	Number - Generated by the application.
Description	Full description of the Assumption.	Text.
Identified By	The person who identified the Assumption.	User with Project access or text.
Identified Date	The date the Assumption was identified.	Autogenerated to date of creation but fully customisable.
Validation Date	The date by which the Assumption needs to be validated.	Date.
Implications	The impact on the project if the Assumption cannot be validated.	Text.
Owner	The person who has been assigned ownership of the Assumption.	User with Project access or text.
Review Date	The next scheduled review date.	Autogenerated to date of creation but fully customisable.
Status	The current state of the Assumption.	Open or Closed.