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The work breakdown structure provides a common framework for the natural development of the overall planning and control of a contract and is the basis for dividing work into definable increments from which the statement of work can be developed and technical, schedule, cost, and labor hour reporting can be established.
Before a project schedule can be created, the schedule maker should have a work breakdown structure (WBS), an effort estimate for each task, and a resource list with availability for each resource. If these components for the schedule are not available, they can be created with a consensus-driven estimation method like Wideband Delphi. [5]
The IMP provides Program Traceability by expanding and complying with the program's Statement of Objectives (SOO), Technical Performance Requirements (TPRs), the Contract Work Breakdown Structure (CWBS), and the Contract Statement of Work (CSOW)—all of which are based on the Customer's WBS to form the basis of the IMS and all cost reporting ...
The master service agreement serves as a master contract governing the terms over potentially multiple SOWs. Sometimes it refers to scope of work. For instance, if a project is done on contract, the scope statement included as part of it can be used as the SOW since it also outlines the work of the project in clear and concise terms. [3]
The 16 Divisions of construction, as defined by the Construction Specifications Institute (CSI)'s MasterFormat, is the most widely used standard for organizing specifications and other written information for commercial and institutional building projects in the U.S. and Canada.
Under a lump sum contract, a “fixed price” for the work to be done is agreed upon by the client and contractor before the work begins. This contract can also be applied to both home building and commercial contracts. It can be more of a risk to the contractor as there are fewer mechanisms to allow them to vary their price.
work breakdown structure and schedule (i.e. when it will be achieved) TORs could include: [3] success factors, risks and constraints. Although the terms of reference of a project are sometimes referred to as the project charter, [4] there are significant differences between the two. This article describes a TOR containing detailed definitions ...
Product breakdown structure (PBS), Tool for analysing, documenting and communicating the outcomes of a project; Resource breakdown structure (RBS) Risk breakdown structure (RBS), Risk management technique; Value breakdown structure (VBS), Project management technique; Work breakdown structure (WBS), A deliverable-orientated breakdown of a ...