The project risk is significant in the project plan since it determines the size and its complexity. The project plan is a very vital docket in the project since it has the project deliverables in the areas which the project will cover. A good project has some attributes which are inclusive but not limited to the mechanism of change adjustments, dynamic its nature and must be flexible. Many elements need to be part of the project. “ Main elements include the scope management plan, human resources management plan, time/schedule management plan, cost management plan, process improvement plan, communication management plan, risk management plan and procurement management plan communication management plan, risk management plan and procurement management plan.” Work breakdown structure is therefore critical for all these elements to be achieved. This, thus, an indicator that works breakdown schedule is significant since with it, management of the uncertainties and the project deliverables.
Elements of the project plan that depend on the WBS
The critical issue in the project is to have tasks which can help in achieving the project goal before creating a good work breakdown. The first one is the scope management plan. This refers to refers to “all of the work involved in accomplishing the project and the processes used to create them." the work deliverables which are necessary to accomplish project objectives depends on the work breakdown schedules. Work breakdown, in this case, involved identifying the task within the project scope which suits particular people and matching them with those specific jobs to ensure that work bulk is reduced and every person does what suits him or her. The second element, in this case, is the cost management plan. Cost management plan is very vital when it comes to the success of the project. The project needs to have an estimated budget which it must operate within. Staying within this boundary forms the part of the project success. It is better for the errors to occur at the upper stream of the project, rather than happening at the lower flow of the project. Errors occurring at the high stream are always elementary to correct. What is important to note in this case is that forecasting is not a walk on the red carpet; however, an integrated risk management plan for the project ought to have a mechanism for addressing these issues as they occur. More precisely, it should be noted that there is less restriction on what the work breakdown components on the project should be.
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Discuss the potential risks and circumstances under which it might be appropriate to use a WBS from a previous project rather than develop a new one.
"Re-invent the wheel" sometimes is not necessary when coming up with the work breakdown schedule. Modification of the current work breakdown may be very feasible mostly where the business is involved in many projects which entail same nature of work. “However, it is necessary, for the project team to review the existing work breakdown schedule and make sure it accurately and specifically define and organize the scope of the current project.” This is very important, and it has to be taken to ensure that Allocations, of resources, the responsibilities assignments, project monitoring and the control of the entire project is achieved. "Every project may have unusual or specific deliverables that need to be defined, so the project team knows what has to be accomplished within each deliverable.” In the work breakdown, the cost estimation, time estimations, and risk are critical in the project life cycle. It is very paramount for the work breakdown created to help the team have all the project variables cross-checked and all the information which are necessary also confirmed together with the project stakeholders. This is done to ensure that every issue which should be covered by the project is well covered. “They should also make sure that all requirements are documented and detail what a particular product or service should be or perform.” the necessity, capability, characteristics, or the quality and the functions need to be identified by the project for it to have the end-user value.
Explain why it is useful to have a complete WBS before engaging in formal uncertainty assessment.
Before engaging in any informal uncertainties, it is paramount for the team to have the work breakdown scheduled. At every management stages of the project, uncertainties are inevitable; this begins with the selection of the project, and it goes on until the process reaches the process reaches its final stage or the product is completed correctly, and the product is handed to the client or the customer. “The work breakdown schedule can be used during the planning phase because it can show possible outcomes and be a common framework for quantifying the cost impacts.” A well-designed work breakdown project in the project requirements phase ought to show the elements of the cost that, may affect the total cost of the project or the general cost of the product. It also determines the whether or not it is feasible to have the project delivered within the estimated time or the estimated cost as estimated initially. “When there are limited resources or particular products needed to complete the project/product, this will give the team sufficient time to procure the resources needed to initiate the process.”
Explain the difference between hard logic and soft logic for establishing dependency relationships in project schedules and offer a creative example (not from the text) for each one.
There are crystal clear differences which exist between the hard logic and the soft logic for establishing dependency relationship in a project scheduled. Project network diagram is very essential in coming up with a blueprint of the entire project. The project managers are mandated to come up with the team through assembling capable people to form an active group; they are then mandated to give such teams objectives and set for them goals to achieve. The team now can come up with the appropriate network diagram to help in the project by providing direction to the project life cycle. “Tasks can be identified using sticky notes and then re-arranged in order per the sequence of the work to be performed.” In this case, the team can brainstorm among themselves and come up with a rough draft in the process to determine the hard logic which must be done within a very fixed sequence. “This will allow them to communicate any issues or concerns with the project.” in this case, the soft logic can later be added and be inclusive of any task that will be considered succeeding the activity.
