ANSWER
Work Breakdown Structure
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Work Breakdown Structure
A Work Breakdown Structure (WBS) is a tool to plan and organize a project into logical, manageable components. It is an essential part of project management and is used to help define and communicate project objectives, scope, and deliverables. The value of a WBS lies in its ability to break down complex tasks into smaller, more manageable pieces. This allows for better tracking and monitoring of progress and better communication of expectations between all stakeholders.
Value of a Work Breakdown Structure
The value of a WBS lies in its ability to break down complex tasks into smaller, more manageable pieces. This helps to ensure that the team understands all tasks and that each task is given the attention it needs to be completed successfully. Studies have shown that WBS also helps to ensure that each task is planned correctly and that all dependencies are taken into account, which is essential in reducing the risk of any surprises or unexpected delays as the project progresses (Rianty et al., 2018). A WBS also ensures that all project participants are aware of the timetable and what has to be done to accomplish the project’s objectives. Another essential benefit of a WBS is that it gives the project a distinct structure. This makes it simpler to give tasks to team members, monitor progress, and spot potential danger spots. A WBS also makes ensuring that the project is executed as efficiently as possible by assisting in the identification of potential conflicts between activities.
Importance of Monitoring Critical Success Factors
Monitoring critical success factors is an essential part of any project management plan. Critical success factors are the key components that must be met to ensure a project is successful (Li et al., 2019). Budget, timeframe, resources, and deliverables are a few of these considerations. Monitoring these variables enables project managers to see any possible problems or dangers that can obstruct the project’s successful completion. This may be accomplished by routine reviews and updates, which guarantee that the project is moving forward and that any possible issues are immediately discovered and fixed. Monitoring crucial success indicators also assists in ensuring that the project stays on schedule and within budget. Studies have shown that when projects are monitored effectively, they are more likely to be successful (Sobieraj & Metelski, 2021). The most important critical success factors that should be monitored include budget, timeline, quality of deliverables, customer satisfaction, and overall project progress.
To keep the project on schedule and account for any changes in scope, project budgets should be regularly watched (Koke & Moehler, 2019). It helps to make sure that any project adjustments are made quickly and that any risks are identified and taken care of. This makes it easier to guarantee that the project is properly finished and that the outcomes are acceptable to all parties involved. An effective project management tool is a work breakdown structure (WBS), to sum up. It aids in dividing difficult work into smaller, easier-to-handle chunks and offers a clear structure for the project. Project managers can make sure the project is finished successfully and that everyone among stakeholders is happy with the results by using a WBS and tracking crucial success criteria.
References
Koke, B., & Moehler, R. C. (2019). Earned Green Value Management for Project Management: A systematic review. Journal of Cleaner Production, 230, 180–197. https://doi.org/10.1016/j.jclepro.2019.05.079
Li, Y., Song, H., Sang, P., Chen, P.-H., & Liu, X. (2019). Review of critical success factors (csfs) for Green Building Projects. Building and Environment, 158, 182–191. https://doi.org/10.1016/j.buildenv.2019.05.020
Rianty, M., Latief, Y., & Riantini, L. S. (2018). Development of risk-based standardized WBS (work breakdown structure) for quality planning of High Rise Building Architectural Works. MATEC Web of Conferences, 159, 01019. https://doi.org/10.1051/matecconf/201815901019
Sobieraj, J., & Metelski, D. (2021). Quantifying critical success factors (csfs) in management of investment-construction projects: Insights from bayesian model averaging. Buildings, 11(8), 360. https://doi.org/10.3390/buildings11080360
QUESTION
Assessment Description
The purpose of this assignment is to create a Gantt chart to outline the tasks and schedule for the case study you selected in the Class Resources. Recall that you created a project charter as the Topic 3 assignment. Review the feedback you received from your instructor for that assignment.
Part 1: Use the feedback from the Topic 3 assignment to create a Gantt chart showing the tasks and the time in which tasks should be completed for the project.To complete this assignment, access the Simple Gantt Chart located on the Microsoft Office website at: https://templates.office.com/en-us/simple-gantt-chart-tm16400962
Part 2: Create a 250-500-word summary addressing the following:
What is the value of a work breakdown structure?
What is the importance of monitoring critical success factors?
Submit both the Gantt chart and the summary to the dropbox.
Prepare the Part 2 summary according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.