work breakdown structure A WORK BREAKDOWN STRUCTURE (WBS) IS A DECOMPOSITION OF ALL THE WORK NECESSARY TO COMPLETE A PROJECT. A WBS IS ARRANGED IN A HIERARCHY AND CONSTRUCTED TO ALLOW FOR CLEAR AND LOGICAL GROUPINGS‚ EITHER BY ACTIVITIES OR DELIVERABLES. THE WBS SHOULD REPRESENT THE WORK IDENTIFIED IN THE APPROVED PROJECT SCOPE STATEMENT AND SERVES AS AN EARLY FOUNDATION FOR EFFECTIVE SCHEDULE DEVELOPMENT AND COST ESTIMATING. PROJECT MANAGERS TYPICALLY WILL DEVELOP A WBS AS A PRECURSOR TO A
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Work Breakdown Structure In project management a hierarchical delivery oriented breakdown of project into individual components is called as work breakdown structure (WBS). WBS decomposes project into individual functions‚ deliverables and work packages that facilitates resource allocation‚ assignment of responsibilities‚ and measurement and control of the project. Block Diagram explains the Work Breakdown Structure: Design Principle for WBS: The design principles for WBS are as following:
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Skill Development: Fear of public speaking http://www.youtube.com/watch?v=a56v2PSUQy8&feature=related Proactive = controlling a situation by making things happen or by preparing for possible future problems Myth = an idea or story that is believed by many people but that is not true Come across = to make a particular impression Overwhelming = something that is so confusing or difficult Optimal = best or most effective Profound = major‚ significant Intimate = having a very
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Project Management Dr. James A. Bednar jbednar@inf.ed.ac.uk http://homepages.inf.ed.ac.uk/jbednar SAPM Spring 2006: Project Management 1 Project Management A project is ‘a temporary endeavour to produce a unique product‚ service‚ or result’ (PMI 2004). Project management (PM) techniques were originally developed for waterfall-type projects like building construction. PM focuses on planning‚ scheduling‚ monitoring‚ and controlling the complex interdependencies among subtasks. PM
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A work breakdown structure is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project. Since many projects involve many people and many different deliverables‚ it is important to organize and divide the work into logical sections based on how the work will be performed. The work breakdown structure is a foundation document in software project development management because it provides the basis for planning and managing project schedules‚ costs
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WORK BREAKDOWN STRUCTURE (WBS) The description of the WBS is as follows: 1. SIMS 1.1 Feasibility Study (Phase 1) Activities in this phase are carried out to understand the potential of the project taken. This phase uncovers the strengths and weaknesses of the project. 1.2.1 Monitor Progress (Task A) The information that we have at the start of the project is taken into account to evaluate and analyze the project. 1.2.2 Estimate Resources(Task B) Resources required
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International Monetary Fund‚ you are not alone. Most people have only the vaguest idea of what these institutions do‚ and very few people indeed could‚ if pressed on the point‚ say why and how they differ. Even John Maynard Keynes‚ a founding father of the two institutions and considered by many the most brilliant economist of the twentieth century‚ admitted at the inaugural meeting of the International Monetary Fund that he was confused by the names: he thought the Fund should be called a bank‚ and the
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Listing of Securities Chapter Objectives To understand the concept of listing of securities To know the criteria for listing shares To learn the listing procedure To understand the concept of delisting Concept of Listing of Securities It means the admission of shares of a public limited company on the stock exchange for the purpose of trading. A company intending to have its shares listed on the stock exchange has to write an application to one or more recognised stock
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[pic] “Thought Listing on Poland Spring Bottle Water” Prepared For Professor Robert Gilmore‚ Ph. D Instructor Course Name: MKTG 610: Business Research Section: 6W1 School on Business University of Bridgeport [pic] Date: 5th September‚ 2011 Poland Spring ® is a brand of Nestle Water North America Inc. Poland Spring bottle water has been marketing in America since early 80s. Nowadays‚ Poland Spring is one of the most popular bottle water in USA. I am a very new student
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