(Project Cost and Finance Management)

2nd Lecture PCFM

MSPM1- Spring 2016
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WBS-(Work Breakdown Structure)

The PMBOK defines the work breakdown structure

as a "deliverable oriented hierarchical decomposition
of the work to be executed by the project team.
Advantages of Creating WBS of a Project:
Assignment of responsibilities to the project team.
Indicates the project milestones and control points.
Helps to estimate the cost, time and risk.
Project scope is graphically expressed so that all the
stakeholders can have a better understanding.
Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

WBS-(Work Breakdown Structure)

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

WBS-(Work Breakdown Structure)

The level of breakdown is a

matter of the project type and
the management style followed
for the project.
Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Putting on a rock concert

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Work Package
A work package is just a collection of activities and
tasks that fit together logically and could be ring
fenced to assign to a responsible person.
Work packages are the lowest level of the WBS
and are pieces of work. This is also the level at
which the project manager has to monitor all
project work.

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.

Home Assignment

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi- MSPM Islamabad. 2016.