Description
Write a 1,050- to 1,400-word paper in which you answer the following questions:
- What differentiates a list of project requirements from a Work Breakdown Structure (WBS)?
- What is the importance of developing a WBS to manage a project?
- How does the WBS contribute to the success of a project?
- Once the project schedule is finalized, what are the tools you can use to monitor the schedule?
- How do you handle over allocated resources?
- What are the advantages and disadvantages to fast-tracking a project?
Format your paper consistent with APA guidelines.
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Explanation & Answer
Attached.
Running Head: PROJECT MANAGEMENT.
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Project Management
Institutional Affiliation:
Date:
PROJECT MANAGEMENT.
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A project’s success is highly depended on the planning process which composes of the
individuals involved, tools and equipment, schedule as well as the budget. There are many
documents used by the project managers to determine the direction of the activities conducted
and avoid any inconveniences that might lead to failures. Some of the crucial plans used include
the list of requirements and work breakdown structure (WBS) both of which perform different
duties. These two are necessary if all the project’s milestones are to be met, hence the importance
of taking all the required steps before the beginning of any venture.
A list of requirements is like a project plan which identifies all the necessities to be used
in executing, monitoring and controlling the process. The team involved uses this document
specifically to know the content of the project from start to the end. Some of the details shown in
the list of requirements include the summary and introduction of the whole project, goals, and
objectives (Turner, 2014). The scope and problem statement are also identified in association
with the significant timelines and milestones. Through this document, the team can determine the
tools and techniques that will contribute towards the achievement of the set goals (Harrison &
Lock, 2017). The project budget, costs, risks and management approaches are also identified at
this stage to ensure that the team prepares for the best and worst scenarios. The list of
requirements is therefore explicitly used by the...