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Work Breakdown Structures, Network Diagrams & Risk

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Explain the relationship between work breakdown structures (WBS), network diagrams and risk management.

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A work breakdown structure (WBS) helps to identify groups of activities that must be accomplished in a project, in a comprehensive visual classification of product scope. The WBS helps to define and group together the elements of the project in a manner, which will help organize and better specify the total work of the project. In addition, the work breakdown structure enables a company to better determine costs and provides a guideline for the project. It is based upon the product of the project rather than the actual tasks needed to produce the product or service. The ...

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THis solution explains the relationship between work breakdown structures, network diagrams and risk management. It includes references.