1

Assumptions

In the face of uncertainty, a statement that is considered to be true and from which conclusions are drawn. 

It is an inescapable reality that assumptions will always underpin all the service life predictions and projected future replacement costs in the FCA, reserve study, maintenance plan and other reports.


Types of Assumptions

A.  Financial Assumptions
Listed below are some examples of assumptions about financial states:

B.  Physical Assumptions 
Listed below are some examples of assumptions about the physical analysis:

C.  Operational/Governance Assumptions
Listed below are some examples of assumption about operational/governance:

Project assumptions include:
  • The types of alternative repair strategies (eg., repiping or relining the domestic piping)
  • Scopes of work (eg., comprehensive, targeted, phased or bundled)
  • Scheduling strategies

Assumptions may be classed as:



Management of Assumptions


Assumptions are one of the elements of the culture of an organization
Fig. Assumptions are one of the elements of the culture of an organization

See also:
Compare with:


(c) Copyright Asset Insights, 2000-2013, All Rights Reserved - "Insight, foresight and oversight of assets"