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In a work breakdown structure, detailed cost estimates and resource assignments are not required.
A Work Breakdown Structure (WBS) is a diagram of the project deliverables in a tree (hierarchical) format. According to the PMBOK, work not defined in the WBS is outside the scope of the project.
The Work Breakdown Structure (WBS) is very important (even fundamental) in Project Management as its a tool for defining and organizing the deliverables in a easy to view hierarchical structure. It is very helpful for both the Project Managers and the team members alike.
The Work Breakdown Structure (WBS) breaks down a project into smaller, manageable components, providing a framework for task organization and scheduling. The Organization Breakdown Structure (OBS) outlines the hierarchical structure of the project team and identifies who is responsible for each component of the WBS. The Responsibility Assignment Matrix (RAM) connects the WBS and OBS by mapping specific tasks to individuals or teams, ensuring clear accountability and facilitating effective project management. Together, these structures enhance project clarity, organization, and communication.
You add control accounts at strategically placed control points.
Cost Breakdown Structure is the breakdown of a project into cost elements. This breakdown is typically in line with the Work Breakdown Structure (WBS); indicating "where" cost are allocated. The breakdown can sometimes be in line with the company's Chart of Accounts, indicating "what" the costs are for. In theory, cost could be in line with "who" is spending the cost, "when" costs are being spent, etc.
Usually the Project Manager with the help of his Leads is involved in the creation of the Work Breakdown Structure.
In a work breakdown structure, detailed cost estimates and resource assignments are not required.
What is work breakdown structure
A WBS (Work breakdown structure) Dictionary.
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Organization Breakdown Structure (Project Management)
Work Breakdown Structure
A Work Breakdown Structure (WBS) is a diagram of the project deliverables in a tree (hierarchical) format. According to the PMBOK, work not defined in the WBS is outside the scope of the project.
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Program
Work Breakdown Structure