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The WBS Dictionary describes each component of the WBS with milestones, deliverables, activities, scope, and sometimes dates, resources, costs, quality. According to the Project Management Institute , the WBS dictionary is defined as a "document that provides detailed deliverable, activity, and scheduling information about each component in the ...
Resources and cost are typically inserted into the activities in a WBS, and summed to create a budget both for summary levels (often called "work packages") and for the whole project or program. Similarly, a value breakdown structure will provide the expected value-added of each activity and/or component of the project (or projects within a ...
The project schedule is a calendar that links the tasks to be done with the resources that will do them. It is the core of the project plan used to show the organization how the work will be done, commit people to the project, determine resource needs, and used as a kind of checklist to make sure that every task necessary is performed.
The work breakdown structure (WBS) is a tree structure that shows a subdivision of the activities required to achieve an objective – for example a portfolio, program, project, and contract. The WBS may be hardware-, product-, service-, or process-oriented (see an example in a NASA reporting structure (2001)). [75]
Both human and physical resources, such as software and test instruments, are listed in the example above. The nomenclature is a numbered, hierarchical list of indented layers, each level adds an additional digit representing. For example, the numeric labels (1.1, 1.1.2) make each resource uniquely identifiable. [3]
The PBS is identical in format to the work breakdown structure (WBS), but is a separate entity and is used at a different step in the planning process. The PBS precedes the WBS and focuses on cataloguing all the desired outputs (products) needed to achieve the goal of the project.
They usually show progress only on the critical path, and ignore noncritical activities. Resources are commonly moved from noncritical activities to critical activities to ensure that milestones are met. This gives the impression that the project is on schedule, when actually some activities are being ignored.
An approach that simply places the risks in a list, a simple table, or even in a database does not provide the strength of using a structured, organized method similar to a Work Breakdown Structure. To fully understand the risks and better identify and assess the risk, a "deep-dive" into each risk, recording as many levels of identification as ...