Product Breakdown Structure A Product Breakdown Structure (PBS) is a chart that shows how the parts, sub-parts, and components of a product fit together. It is a picture of the product’s structure showing how its different parts work together. Most of the time, the PBS is set up like a tree, with the main product at the…
Risk Breakdown Structure A Risk Breakdown Structure (RBS) is a tool used in project management to find and classify possible risks related to a project. It’s like a Work Breakdown Structure (WBS), which divides project work into smaller, easier-to-handle parts. Usually, the following parts make up the Risk Breakdown Structure: Risk Categories: A list of broad types…
Work Breakdown Structure The Work Breakdown Structure (WBS) is a way to break up the work on a job into smaller, easier-to-handle parts. It is one of the most important tools used in project management to organise and describe the whole project, as well as to help with planning, tracking, and controlling the project. Usually, the WBS…
Milestone Schedule In project management, a milestone plan is a list of the important events or steps in the course of a project. Milestones are important points in a project, and when they are reached, the project moves forward in a big way. Milestones help project managers keep track of work, talk to people involved in the…
Project Schedule A project plan is a record that lists the tasks that need to be done and when they need to be done. It is an important part of managing a project and gives a plan for finishing the project on time and on price. Usually, the following things are on the project schedule: 1. A…
Scope Baseline The Scope Baseline is a paper that describes the scope, objectives, and outcomes of the project. It is an accepted form of the project purpose statement, the work breakdown structure (WBS), and the WBS dictionary. It is made during the planning part of the project and is used as a base for handling and keeping…
Burn Chart A burn chart is a way to see how a project or set of jobs is coming along over time. It is usually used in agile project management to keep track of how a project is going and to help find problems or delays that might happen. Usually, a burn chart is a line graph…
Cause and Effect Diagram A cause and effect diagram, also called a fishbone diagram or an Ishikawa diagram, is a tool used to find and analyse the root reasons of a problem or issue. It is a picture of the different things that add to a certain result or effect. The image is called a “fishbone” because…
