The name is relatively self-explanatory of the term “Work Breakdown Structure“. A work breakdown structure initiates with a large project or pursuit and splits it into smaller manageable fragments that can be easily assigned among teams. This structure in project management cleaves the entire work strategy politely and helps the team evaluate project requirements and, consequently, work efficiently. Of course, when a task or work project is divided into subparts or levels or steps it becomes easy to access it and do it right in no time, what say?
A work breakdown structure is a project management tool used to define and manage a project’s deliverables like; initial designs, time-tracking reports, project budget, and final project report.
Well, before we actually move further let’s just make you well aware with a few terms:
Project Management
Project management features processes, skills, tactics, knowledge and of course, experience to achieve specific project objectives according to the project approval standards and approved parameters. Project management has final deliverables constrained to a finite timescale, budget, and progress report. Managing a project laboriously by hand, you often need technical skills, team management skills, and good business awareness. But things could be easy if you have an online project management tool! And needless to say, QDV is an inexpensive tool that every project professional might need; it really helps deal with efficient management, no matter what!
Two major components of project management:
Project management
- Product Breakdown Structure
- Work Breakdown Structure
Product Breakdown Structure
It is basically like a shopping list that consists of all the physical assets of a particular product or system you work on. This exists as a hierarchically structured blueprint of products and elements that the project mandates to achieve or the outcomes that the project will yield. PBS starts with the end product from the top, pursued by subcategories of elements correlated to the product. The composition of the product breakdown structure is more likely than the structure of the work breakdown structure, that is…
Work Breakdown Structure
The WBS is a hierarchical structure intended to break down complex tasks into more effortless components. This allows the team to see the individual deliverables that need to be achieved for a project.
However, most project management tools concentrate on scheduled actions, work breakdown structure focuses primarily on planned outputs. It is easy to carefully systematize a work breakdown structure with QDV as it becomes a project manager to execute complicated tasks within a project. Not just this, this tool clearly defines and assigns accurate costs and deadlines to a project, i.e. simplifying planning, execution, and monitoring projects with efficiency.
QDV for work breakdown structure
QDV, being the best project management assistant, helps complete the project with accuracy and precision. It holds all the elements a project management tool should have. Here are the critical attributes of QDV:
Defined: It offers a user-friendly interface that can easily be understood by project participants and stakeholders, i.e. helping users to access it effectively. Be it work breakdown structure or product breakdown structure; it equips both!
Easy estimation: helps in time management cost analysis in order to estimate the cost and time required for the sake of the project.
Flexible: It is a versatile industry-leading project management tool that can be used in many industries with all the required assets and elements. It works adroitly in the construction industry or any other commercial business.
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