A work breakdown structure (WBS) in project management and systems engineering, is a tool used to define and group a project’s discrete work packages in a way that helps organize and define the total work scope of the project. A work breakdown structure element may be a product, data, a service, or any combination. A WBS also provides the necessary framework for detailed cost estimating and control along with providing guidance for schedule development and control. Additionally the WBS is a dynamic tool and can be revised and updated as needed by the project manager. . . . → Read More: PMP Concepts: The Work Breakdown Structure (WBS)
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A Responsibility Assignment Matrix (RAM), also known as RACI matrix or Linear Responsibility Chart (LRC), describes the participation by various roles in completing tasks or deliverables for a project or business process . . . → Read More: PMP Concepts: The Responsibility Assignment Matrix (RAM) Specific components of a particular activity are known as activity attributes. In the beginning, these are typically descriptive factors related to the specific activity, but they can also describe activities that will become more relevant later in the project timeline. Most activity attributes can be organized, sorted and summarized. This happens based on a few specific categories. A few of the categories for activity attributes are activity codes, the specific people involved in the activity, locations for the activity, the time and costs required for completion, etc. It helps to organize the activity attributes into similar categories. The various components that are a part of each activity can be described to further extend the activity attribute.
A risk register is a critical project document and should not be short changed. Regardless of how well your project is planned and executed, there are always risks associated with it. The key to a successful project is being aware of those risks and documenting them so that if they materialize, they don’t completely derail the project.
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