Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. Today, I will be reviewing a whitepaper entitled \u201cManaging Assumptions\u201d from Project Perfect.<\/p>\n
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Many times, when projects fail, it is because an assumption held by the project team turned out to be false. Unfortunately, I learned this the hard way early in my career. So, in the purchasing training that I deliver and other resources like my video \u201cThe Purchasing Negotiator\u2019s Worst Enemy\u201d on the Purchasing Certification Channel, I stress that everyone should challenge all assumptions.<\/p>\n
This whitepaper emphasizes this point and introduces a method for rating assumptions based on confidence, lead time, and impact. The whitepaper indicates that rating assumptions is a critical step in risk mitigation planning and that they \u201cshould drive the priority rating for the risk.\u201d<\/p>\n
The whitepaper suggests going beyond the basics of just identifying assumptions (which some project teams don\u2019t even do) and continually managing assumptions throughout the project: \u201cThere is a tendency to let Assumptions \u2018morph\u2019 into accepted fact. A key part of project management is to monitor Assumptions. Action items should be created to follow up Assumptions and either validate or disprove.\u201d<\/p>\n
I highly agree that identifying, rating, and monitoring assumptions are a critical piece of procurement project management. I believe that this whitepaper can give both good tips and inspiration to those who want their procurement projects to succeed. There\u2019s no registration required, so you can go here to download your own copy of the whitepaper now.<\/p>\n
Recommended Reading<\/strong><\/p>\n The Most Underrated Purchasing Skill<\/a> Welcome back to another installment of Whitepaper Wednesday here on […]<\/p>\n","protected":false},"author":12,"featured_media":3991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n
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