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