Managing A Project Schedule Answer 2022

Running head: MANAGING A PROJECT SCHEDULE
MANAGING A PROJECT SCHEDULE
Name of the Student
Name of the University
Author Note:

MANAGING A PROJECT SCHEDULE1
Table of Contents
Differentiates a list of project requirements from a work breakdown structure (WBS).....2
What is the importance of developing a WBS to manage a project?..................................2
How does the WBS contribute to the success of a project?................................................3
Tools needed for monitoring the schedule...........................................................................3
How do you handle resource over allocation?.....................................................................4
What are the advantages and disadvantages of fast-tracking a project?..............................5
References............................................................................................................................6

MANAGING A PROJECT SCHEDULE2
Differentiates a list of project requirements from a work breakdown structure
(WBS)
Ans: A project requirement can be defined as a condition which defines how the project should
be completed to ensure that there is success. It merely provides a clear picture of the work that
needs to be done so that it can be aligned to the different project resources. The mere focus is on
the project resources with the different objectives of the firm (Kerzner, 2017). It can benefit
focus on gathering the project requirement which is inclusive of cost reduction, the high success
rate for project. Project requirement is mainly distinguished in between the two that is business
requirements, solution requirements and stakeholder requirements.
In the planning stage, WBS aims to occur before for the approval phase of the project. It
merely highlights scale of the project and its overall cost. The mere notion of WBS is all about
segmentation of project which is the cost. It is very much easy to put the work price and
materials on much small segments instead of project as a whole (Meredith, Mantel Jr & Shafer,
2017). WBS is the result of oriented tool where each of the section has a goal to achieve a
component which required for upper section.
What is the importance of developing a WBS to manage a project?
Ans: WBS will help the project manager to plan most of their work in much efficient way.
Project is generally defined by certain number of time-limited activities which has fixed time
frames and associated cost (Kerzner, 2017). If a project is completed, then it should meet the
different stakeholder needs which were expected to be addressed. The mere notion of WBS is all
about reducing different kind of complicated activities needed for collecting different task
(Schwalbe, 2015). It is important for project manager and he or she can overview the different