What is assumption analysis?

Assumption analysis is the process of identifying, documenting, and evaluating assumptions made within a project. These assumptions may relate to resources, timelines, technologies, external factors, and other aspects.

The goal of assumption analysis is to understand which assumptions are critical to the success of the project and what risks are associated with their potential inaccuracy. This helps in planning risk mitigation measures in advance and making more informed decisions.

For example, if a project assumes that a supplier will deliver a component on time, assumption analysis will identify this as a risk and allow for the preparation of contingency plans in case of delays.