Explain work breakdown structure in estimating budget


1 Describe how work breakdown structure can be useful during estimating of project budget.

2 Before PERT diagrams are prepared, person performing work must have clear definition of needs and objectives, both prime and support. Is it absolute necessity? Explain why?

3 Is it possible to set up formal organizational procedures (either at project level or corporate-wide) for resolution of conflicts? If procedure is established, what can go wrong?

4 Once project begins, good project manager will estabilish milestones. How must this be accomplished? Will duration of project matter? Can milestones be built into schedule? If so, how can they be recognized?

5 Describe how project monitoring system in project environment can benefit overall success of project.

6 Good project management systems have memory. Precise organization of final report is not matter of great concern. What matters are that numerous subjects must be addressed in final report? What should project manager do in planning, scheduling, monitoring, and closing out project?

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Project Management: Explain work breakdown structure in estimating budget
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