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true. And assumptions are pre-conditions out-side the control of the project
management. They are identified at each level of the project objectives i.e from the
activities-to-output, from outputs-to-project purpose (outcome) and finally from
project outcome to the project goal (impact).
What this means in the temporal logic sense is that if the activities are carried out
as intended and the assumptions hold true then you will arrive at the expected
results, if you have the expected output and your assumptions hold then you will
meet the specific objectives and contribute the overall objective.
These levels of assumptions are monitored differently by the different stakeholders
of the project. The goal and outcome levels are strategic while the activities level is
operational and there have different impact in relation to the type of objective level.
An assumption that is not valid at the outcome level has more impact than at the
activities level. This is because if the assumption at the outcome level does not hold
true the chain of the temporal logic will break and the positive impact of the project
will not be achieved hence total failure of the project. Additionally the whole project
budget and time would have been wasted compare to the lowest cost and time
associated with the activities levels. If assumptions do not hold true at the activities
level, only the deliverables will be affected ant level is operational and iterative so
different assumptions can be made and the process start over at minimum cost.
3. Will help in future project cost establishment at the initiation stage or project
design where a preliminary estimate is require to take decision.
4. Help in the forecast of cash flow or disbursement over time. This is because
most projects may not get all the funds require at the beginning. Added to
this the budget baseline will help to ensure that sufficient but not excessive
cash is available.
5. It will also help in comparing budget or cost with the project achievement to
assess the cost effectiveness of the project.
6. It will play a key role in seeking approval for the project because for most
donors it is a requirement.
In light of the above submission I strongly recommend that the project needs a
budget baseline.