Because the project manager wants to get on with a project, the last two sections of a project plan tend to be the risks and the assumptions. These sections are often started from a previous project plan, and adjusted for the current project. It’s my experience that in a small business project plan, very little thought is given to risks and assumptions.
If you're an experienced manager, you've definitely run into the following scenario numerous times:
Customer: My team has started to review the new system. We couldn't find the yield management module. What is the status of it?
Project Manager: Yield management is out of scope.
Customer: You've got to be kidding! The system is useless to me without yield management.
Project Manager: But, it wasn't in the requirements and you approved the requirements. Iassumed that you knew it was out of scope.
Customer: Yes, but I assumed yield management was included. It's so important to our business.
In this scenario, the project manager may indeed be in the right. But this is a situation where being correct is not much of a consolation. Here, everyone has lost. In small business projects, important assumptions need to be stated, and be to very clear.
Project assumptions consist of external project dependencies as well as scope related clarifications. Regarding scope, you can include the important out of scope items either in your Project Scope section or in the Assumptions section. The location doesn't really matter, as long as your assumptions are clearly stated in the project plan. A cautious project manager may not want to call attention to assumptions; for fear that the project will not go forward. But hiding assumptions is a mistake, not being forthright will often land you in the scenario described above.
Want additional insight? Download Productivity Hacks for Business Owners
For the assumptions section of your project plan, try to put yourself in the shoes of your customer. What things might they expect that are not included? Make sure to write down these expectations. I would also recommend assembling the project team, just like for developing the risks, and going through an exercise of developing assumptions. This will not take a lot of anyone's time, and will ultimately achieve a better result.
Here are some questions to ask when you develop assumptions for a project plan:
Finally, Occam's Razor is a good principal to follow in developing assumptions. Generally, Occam's razor advises that the right solution is often the simplest. More formally, the principle states that one should not make more assumptions than the minimum needed. That is, make sure that the important assumptions are stated clearly, and are not buried in a bunch of unimportant assumptions. Small business project managers will do well if they keep Occam's Razor in mind.