Eisenhardt 's methodological work. Yin 's guidelines and making positivist assumptions.
You may see a question on this topic on your test. We always make assumptions and are bound by constraints, and we always deal with them in our daily life. For example, suppose you plan to go shopping at a big mall, which is far away from your home.
It will take one hour to reach there by car. You made the assumption that you will leave your home around 6: After that, you can enjoy shopping.
This was your assumption. What about the constraints? At first glance, you can think of two constraints. The first constraint is the amount of money to be spent on shopping. This is your first constraint. If the mall closes at You have to wrap up everything before this time.
Likewise, projects also have assumptions and constraints. It is necessary for you to understand them if you want to complete your project successfully.
These parameters play an important role during the planning process. The assumptions and constraints are an important aspect of your project. Assumptions An assumption is a belief of what you assume to be true in the future.
You make assumptions based on your knowledge, experience or the information available on hand. Assumptions are supposed to be true but do not necessarily end up being true. Sometimes they may turn out to be false, which can affect your project significantly.
They add risks to the project because they may or may not be true. Suppose in our shopping example, you assumed that it would take one hour for you to reach the destination. Your assumption is false and your plan for shopping is endangered.
This can also happen to your project. For example, you have made the assumption that some particular equipment will be made available to you whenever you need it. However, when the time comes, the equipment is not available.
Now you are in a difficult situation. Therefore, as a project manager you must collect and identify as many as assumptions you can. It will assist you in developing a sound risk management plan. The following are a few examples of assumptions: You will get all resources required by you.
During the rainy season, cheap labor will be available. Constraints Constraints are limitations imposed on the project, such as the limitation of cost, schedule, or resources, and you have to work within the boundaries restricted by these constraints.
All projects have constraints, which are defined and identified at the beginning of the project. Out of these six, scope, schedule, and budget are collectively known as the triple constraints. A constraint can be of two types:Oct 04, · How to Write a Contingency Plan.
In this Article: Article Summary Sample Contingency Plans Assessing the Risks Identify scenarios Maintain your Contingency Plan Community Q&A Organizations create contingency plans, sometimes called a "Plan B," to prepare for something bad that could affect the organization's ability to function.
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What is the nature of reality? At the root of our society's deepest political and cultural divisions are the conflicting principles of four global worldviews. While each of us holds to some version of one of these worldviews. Case Study Interview Examples: Questions and Answers You will need to prepare for an interview where case study questions will be asked.
While preparation is required for every job interview, extra time is required to adequately prepare for case study interviews. By Kupe Kupersmith, Paul Mulvey, Kate McGoey. As part of a business analysis, a business case outlines an opportunity and a recommendation to invest resources to take advantage of it.
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