Quick Tour of Project Management: Defining the Project

Project Management Trade-Offs

Quality: involves trade-offs between ... Performance - Cost - Time

Project Priority Matrix

Hierarchical Breakdown of the WBS (Work Breakdown Schedule)

Level: Hierarchical breakdown: Description

Level 1: Project: Complete project

Level 2: Deliverable: Major deliverables

Level 3: Subdeliverable: Supporting deliverables

Level 4: Lowest subdeliverable: Lowest management responsibility level

Level 5: Cost account*: Grouping of work packages for monitoring progress and responsibility

Level 5+n: Work package: Identifiable work activities

*This breakdown groups work packages by type of work within a deliverable and allows assignment of responsibility to an organizational unit. This extra step facilities a system for monitoring project progress.

Work Breakdown Structure

Example: Personal computer prototype

Integration of WBS and OBS

(click image for larger version)

Read/Write Head Design

Three Views of Cost

Costs vs. Project Duration: Committed, Actual cost, Scheduled budget