What is Work Breakdown Structure? Work Breakdown Structure (WBS) is one of the most misused term in Project Management. It can mean different things to different professionals. The meaning could be Organization Chart, Bar Chart (popularly known as Gantt Chart) or Roles & Responsibilities Chart. It is important to define WBS before we proceed further….
![Work Package In Project Management [Activity Examples]](https://www.pmbypm.com/wp-content/uploads/2013/12/Work-Package-1.png)
A work package contains the work defined at the lowest level of the Work Breakdown Structure (WBS) for which cost and duration can be estimated and managed. A WBS work package can be further decomposed (broken-down) into an activity list. The project team can produce a tangible outcome or create a deliverable by accomplishing these…
You might be looking to understand what Work Breakdown Structure (WBS) is and why is it important in project management. Work Breakdown Structure is deliverable oriented hierarchical decomposition of total scope of work. WBS is a fabulous tool delineate and represent total scope – project as well as product scope. It is useful for estimating,…
This is a follow-up post of my previous post 8 ways to meet budget in Fixed Price Projects. We can successfully execute and deliver the project within specified time and budget by estimating the size of the project scientifically. There are upteen estimation techniques and they are different for different industries. And within a industry they…
