The Work Breakdown Structure (WBS) helps ensure the project scope is met and provides a means for achieving accurate estimates for resources, risk, cost, and time. The WBS is a way of formalizing the project requirements. It ensures all of the requirements for project deliverables, resources, and time are addressed in one document. How these resources are managed is an important aspect of project management.
This assignment addresses a project’s Work Breakdown Structure (WBS), scheduling techniques, over allocation of resources, and Fast Tracking a project.
Write a 1,050 to 1,400-word business paper.
Cite at least two credible references. Wikipedia, eHow, businessdictionary.com, and the like are not acceptable academic sources.
Format the paper consistent with APA guidelines.
Avoid the use of first-person and similar verbiage.
Implement the following outline to ensure all required topics are addressed.
Include APA headings within the paper as indicated in the outline below.
- Introduction (no heading)
- Work Breakdown Structure (heading)
- Explain how a WBS is different from a list of project requirements
- Describe two types of WBS
- Verb-oriented WBS
- Noun-oriented WBS
- Explain why a WBS is important to managing a project
- Describe how a WBS contributes to the success of a project
- Scheduling techniques (heading)
- Describe the Gantt or bar chart method
- Describe the Critical Path method
- Describe the Program Evaluation and Review method
- Over allocation of resources (heading)
- Describe what over allocation of resources means
- Explain various methods to address overallocation of resources
- Fast Tracking a project (heading)
- Describe what Fast Tracking a project means
- Describe the advantages
- Describe the disadvantages
- Conclusion (heading)