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 and Activity – Definitions, Differences & Examples You are at the right place if you want to know the difference between Work Package and Activity. But, why do you want to differentiate between Work Package and Activity? Practically, it doesn’t matter whether you call a Work Package an Activity or vice-versa. At the […]
WBS is an acronym for “Work Breakdown Structure”. Simply said it is the work required to break PM down. It is true that PMs are usually overburdened with project work they are on the verge of breaking down. However, WBS makes PMs life easy. WBS is the breaking down total scope of work into smaller […]
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 […]