BUS 361 Lecture Notes - Lecture 3: Work Breakdown Structure, Scope Statement, Debt Management Plan

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5 steps to success: define the project develop a charter. Start with the idea and create core message. Try to be real specific when determining key deliverables-end goal and interim deliverables. Create measures of performance using smart principles. Add details about tasks, resources, budgets and schedule. Identify key risk and constraints: define the tasks. Each project can be broken down into a series of tasks that are: We must involve the the sponsor/client , experts in the field: estimate task effort and create budget, estimating task durations and create budget, estimating task durations and create schedule. Scheduling process steps: create a work breakdown structure, define activities that are needed to complete each of these work packages, determining the most efficient sequencing order of the components (network. Language of wbs: describers project tasks and subtasks as: Activities (verbs) install plumbing or deliverables (noun) plumbing . Mutually exlusive elements with no over-lap (1 task cannot have multiple parts)

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