Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

As stated earlier Work Breakdown Structure (WBS) is one of most significant tools in Project Management. Understanding project at detailed level is key to creating roadmap to success. Keep in mind that, by definition, projects in general are unique, complex, multi dimensional undertakings that need variety of resources and different set of management tools to monitor and control. Hence understanding of "one time event" is equal to being able to see into future. Most large projects are generally entering uncharted territory that is why they carry so much risk. To mitigate this risk tools like WBS were created to break project down into smaller, more familiar or standard tasks that collectively add up to new complex "project". Once WBS has been broken down into smaller pieces of work it is then essential to manage each of these smaller pieces the same way you would manage project as complete. In effect each work task is "mini" project. Obviously it is easier to manage small task which is only a few weeks in duration but when there are fifty or hundred of these small tasks going on simultaneously is where project management system should be ready. Organization structure and delegation of responsibility is key to being caable to monitor and control large undertakings. Granting of authority and demanding accountability is balance which many organizations struggle with. It is difficult formula for success which is variable from project to project and organization to organization. Culture, politics, economy, environment, and technology are major variables which are frequently working against us. Project management tools have evolved over years to mitigate these forces and provides us at least fighting chance for success.

With regard to planning for contingencies. Would you plan at top level of WBS or the lower levels of WBS? Why or Why not?

What would be difference? Would you create contingency plans at work package level?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M932500

Have any Question? 


Related Questions in Project Management

Use the project you have been working on in units iii and

Use the project you have been working on in Units III and VI to conduct a preliminary risk analysis of your project. Please use a qualitative and a quantitative technique to evaluate project risk. The total assignment is ...

Small projectchoose a a simple project like johns move with

Small project: Choose a a simple project like John's move with which you are familiar and establish a time management plan by performing the same tasks as the ones described in section 8.2 and 8.3 Define activities WBS; ...

Selling the idea of implant chips at your schoollets assume

SELLING THE IDEA OF IMPLANT CHIPS AT YOUR SCHOOL Let's assume for a moment that your team is in favor of using implant chips that contain vitally important information such as identification and medical information. Your ...

Individual projecti will need a 2-3 page memo excluding the

Individual Project I will need a 2-3 page memo excluding the title page and reference page. Now that the product and promotional decisions have been made for the new product, Michelle is concerned about the pricing of th ...

Investigate satellite radioat the time of writing there

INVESTIGATE SATELLITE RADIO At the time of writing, there were two satellite radio services: Sirius and XM. Do a little surfing on the Web and find out if there are any others now. Also find out what you have to buy to i ...

Discussionproject scheduleto develop a schedule for a

DISCUSSION Project Schedule To develop a schedule for a project, we will use the concept of a project network, which shows work activities taken from the work breakdown structure and is organized according to the logical ...

1 explain why optimal profits should occur when marginal

1. Explain why optimal profits should occur when marginal cost equals marginal revenue. 2. Chambers Company has just gathered estimates for conducting a breakeven analysis for a new product. Variable costs are $7 a unit. ...

Using a distributed component approach propose an

Using a distributed component approach, propose an architecture for a national theater booking system. Users can check seat availability and book seats at a group of theaters. The system should support ticket returns so ...

Loan project buying a house for this assignment you will

Loan Project: Buying a House For this assignment, you will analyze a home mortgage loan. 1. Find a description, asking price, and real estate taxes of a house for sale, and decide on a purchase price you would be willing ...

Consider the importance of network security write a report

CONSIDER THE IMPORTANCE OF NETWORK SECURITY Write a report about the importance of computer and network security in your daily life, in terms of the four principles of computer security. If you have a job in addition to ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro