911������

What is a Work Breakdown Structure?

A Work Breakdown Structure (WBS) is a detailed, hierarchical tree structure that breaks down a project into smaller, more manageable parts. Each level of the WBS represents an increasingly detailed definition of project work, represented in 911������ by a budget or sub-budget.

The primary purpose of a WBS is to simplify project planning, execution, monitoring, and control by organizing the work into smaller, manageable sections. A budget then represents the amount of money available for a WBS line item to be delivered.

Problems Managing Work Breakdown Structures

Common challenges we see when managing Work Breakdown Structures:

❌ Budget & WBS Alignment: Tracking costs in relation to the WBS can be difficult, leading to potential misalignments between budget and work packages.

❌ Tracking Contracts & Commitments: Tracking contracts and commitments across multiple WBS using spreadsheets is error-prone and cumbersome.

❌ Managing WBS Changes: Adjusting and reallocating budgets and WBS to reflect contracted scope creates increasingly complex and unwieldy spreadsheets.‍

❌ Forecasting & S Curves: Accurate forecasting of future costs, including uncommitted amounts, risks, and contingencies, is challenging and often inaccurate.‍

❌ Standardizing Budget Structures: Establishing a consistent budget structure across a portfolio is essential but challenging in large-scale projects.

‍

‍

911������ Work Breakdown Structure Solutions

911������ offers a suite of budget management tools designed to address the key challenges of Work Breakdown Structures:

💡 Simple Budget Table: View a straightforward table that shows your budget, Work Breakdown Structure, committments and foreacasting on one page.‍

💡 Budget vs Actuals vs Forecast: Easily compare WBS budget data against commitments, total costs to complete, and payments made to quickly identify variances.‍

💡 Easy Drill Down: Access Work Breakdown Structure items quickly for detailed interrogation and faster decision-making, enabling deeper insights.

💡 Easy WBS Changes: Move money between budgets easily or make direct changes to adapt to project shifts and requirements.‍

💡 Auditing: Maintain a log of changes for compliance and record-keeping.‍

💡 Auto Reporting: Budgets automatically power reports like dashboards, project status reports, and monthly reports.