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(Project Cost and Finance Management) 2 nd Lecture PCFM MSPM1- Spring 2016 Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

WBS 2016

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Work break down structure of an imaginary project...

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(Project Cost and Finance Management)

2nd Lecture PCFM MSPM1- Spring 2016

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

WBS-(Work Breakdown Structure)

The PMBOK defines the work breakdown structureas a "deliverable oriented hierarchical decompositionof the work to be executed by the project team.“

• Advantages of Creating WBS of a Project:• Assignment of responsibilities to the project team.• Indicates the project milestones and control points.• Helps to estimate the cost, time and risk.• Project scope is graphically expressed so that all the

stakeholders can have a better understanding.

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

WBS-(Work Breakdown Structure)

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

WBS-(Work Breakdown Structure)

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

The level of breakdown is amatter of the project type andthe management style followedfor the project.

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Putting on a rock concert

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

A work package is just a collection of activities andtasks that fit together logically and could be “ringfenced” to assign to a responsible person.

Work packages are the lowest level of the WBSand are pieces of work. This is also the level atwhich the project manager has to monitor allproject work.

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Work Package

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Home Assignment

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.