Work Breakdown Structure

Work Breakdown Structure

Work breakdown structure is a project management tool used by project managers to breakdown the large projects into small fragments or activities to help the management in organizing the project activities and in the identification of the total project scope.

Time phased budgeting is used in the project management to allocate costs of the project to the entire timeline of the project which the project takes to be finished. The project managers can identify the costs which will be undertaken during the course of the project. The time phased budgeting allows the management to know the activity ...