Question: To demonstrate proficiency in developing a Work Breakdown Structure ( WBS ) that integrates both project schedule and cost management components. Instructions: Project Selection (
To demonstrate proficiency in developing a Work Breakdown Structure WBS that integrates both project schedule and cost management components.
Instructions:
Project Selection :
Select a hypothetical project scenario from a relevant industry eg construction, software development, event planning
WBS Development :
Create a comprehensive WBS for the selected project scenario, breaking down the project scope into smaller, manageable components.
Organize the WBS hierarchy to reflect both the project schedule eg phases, tasks, milestones and cost structure eg labor, materials, equipment
Clearly define work packages and subtasks, ensuring they are measurable, manageable, and assignable.
Include dependencies between tasks to facilitate scheduling and resource allocation.
Schedule Integration :
Develop a project schedule using the WBS created, assigning durations to each task based on realistic estimates.
Utilize scheduling tools such as Gantt charts to visualize the project timeline and identify critical path activities.
Ensure alignment between the WBS hierarchy and the project schedule, with tasks in the WBS corresponding to activities in the schedule.
Cost Integration :
Estimate the cost associated with each work package and subtask in the WBS considering labor, materials, equipment, and other relevant expenses.
Develop a project budget by aggregating cost estimates from the WBS components.
Link cost estimates to the project schedule, identifying cost implications for each scheduled activity.
Deliverables:
Please ensure that all your deliverables are compiled into a single Word document for submission and sharing.
Completed Work Breakdown Structure WBS document, including hierarchical breakdown, task descriptions, dependencies, and cost estimates. See the below suggested table
Project schedule developed using the WBS template, in addition Gantt chart Only Screehshots within the same word document
Project budget reflecting cost estimates from the WBS components using the same WBS table
Rubric:
Project Selection :
Selection of a relevant and realistic project scenario
Justification for the chosen project
WBS Development :
Completeness and clarity of WBS hierarchy
Definition and organization of work packages and subtasks
Consideration of both schedule and cost components in WBS
Schedule Integration :
Accuracy and realism of task durations
Alignment between WBS hierarchy and project schedule
Cost Integration :
Accuracy and comprehensiveness of cost estimates
Integration of cost estimates with project schedule
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