Bus 505 business strategies and proposals assignment 4 proposal preparation plan

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Assignment Four: Proposal Preparation Plan

Bus 505: Business Strategies and Proposals- Assignment 4; Proposal Preparation Plan

1. Discuss and prepare a work breakdown structure (WBS) showing a condensed version

of cost estimates, using the price to win (PTW) cost approach. Use the example shown

in Chapter 14 of the textbook as a guide.

A work breakdown structure (WBS) is a breakdown of a project into smaller components and it

is a key project deliverable that organizes the team's work into manageable sections. The

Project Management Body of Knowledge (PMBOK) defines the WBS as a "deliverable oriented

hierarchical decomposition of the work to be executed by the project team". A WBS is arranged

in a hierarchy and constructed to allow for clear and logical groupings, either by activities or

deliverables. The WBS should represent the work identified in the approved Project Scope

Statement and serves as an early foundation for effective schedule development and cost

estimating. Project managers typically develop a WBS as a precursor to a detailed project

schedule. The WBS is accompanied by a WBS Dictionary, which lists and defines WBS elements.

The goals of developing a WBS and WBS Dictionary are 1) for the project team to proactively

and logically plan out the project to completion, 2) to collect the information about work that

needs to be done for a project, and 3) to organize activities into manageable components that

will achieve project objectives.

The WBS and WBS Dictionary are not the schedule, but rather the building blocks to it. The

progression of WBS and WBS Dictionary development is as follows:

1- WBS (Diagram or List): Defines comprehensive list of project activities.

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Assignment Four: Proposal Preparation Plan Bus 505: Business Strategies and Proposals- Assignment 4; Proposal Preparation Plan 1. Discuss and prepare a work breakdown structure (WBS) showing a condensed version of cost estimates, using the price to win (PTW) cost approach. Use the example shown in Chapter 14 of the textbook as a guide. A work breakdown structure (WBS) is a breakdown of a project into smaller components and it is a key project deliverable that organizes the team's work into manageable sections. The Project Management Body of Knowledge (PMBOK) defines the WBS as a "deliverable oriented hierarchical decomposition of the work to be executed by the project team". A WBS is arranged in a hierarchy and constructed to allow for clear and logical groupings, either by activities or deliverables. The WBS should represent the work identified in the approved Project Scope Statement and serves as an early foundation for effective schedule development and cost estimating. Project managers typically develop a WBS as a precursor to a detailed project schedule. The WBS is accompanied by a WBS Dictionary, which lists and defines WBS elements. The goals of developing a WBS and WBS Dictionary are 1) for the project team to proactively and logically plan out the project to completion, 2) to collect the information about work that needs to be done for a project, and 3) to organize activities into manageable components that will achieve project objectives. The WBS and WBS Dictionar ...
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