Work Breakdown Structure and its Importance in Project Planning and Budgeting

Running head: PROJECT MANAGEMENT
Project management
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
1. Discussion about the work breakdown structure and its importance in project planning and
budgeting.........................................................................................................................................2
2. Creating WBS and linking it with Gantt chart for reflecting the lifecycle of the project........4
2.1 Work breakdown structure of the project..............................................................................4
2.2 Schedule of the project..........................................................................................................5
2.3 Gantt chart of the project.......................................................................................................7
References........................................................................................................................................8

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PROJECT MANAGEMENT
1. Discussion about the work breakdown structure and its importance in
project planning and budgeting
A WBS is considered as one of the important project deliverable that helps in organizing
the entire project into number of manageable sections. The WBS generally assists the project
managers in planning the entire work that is related with the project much more efficiently
(Siami-Irdemoosa, Dindarloo & Sharifzadeh, 2015). It is found that the main reason of using a
WBS is to minimize the different complicated project activities into a number of project tasks. It
is found to be very much important for the managers of the project as they have the ability of
overseeing the tasks more efficiently in comparison to other types of complex activities. Tasks
must be properly independent as well as measurable as it generally helps in defining the limits.
It is found that as the project WBS can be considered to be measurable as the project
manager have the ability of assigning specific costs to each of the project. As the WBS generally
lets the project managers to properly distribute the project budget into a number of defined
packages that are mainly linked with the tasks for making sure that the total cost of the project
does not exceed (Elsye, Latief & Sagita, 2018). In addition to this, the WBS is mainly
considered important for properly tracking the progress of the project schedule. As the WBS
tasks generally have defined limits therefore the project management generally helps in
identifying the advancement of the project by properly checking which of the project tasks are
mainly finished. Even within each of the project task, the project management generally checks
the percentage completion of each task that is considered to be measurable (Supriadi, Biruni &
Latief, 2018).