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Adequate communication is essential in projects, in order to have truthful and accurate information exchange in order to ensure program managers or project managers are able to do rationally and correct decision making. For those individuals, who make the biggest impacts, have, what we call, a "high-performance mindset” and are always working with the latest update of professional project management templates to achieve their goals faster!
WBS Levels and Structure for Organizing all Project Work Level 3 Concrete 1.1.1 Level 1 ACME Housing Corporation 1 Level 2 House Building Project 1.1 Framing 1.1.2 Plumbing 1.1.3 Control Account Level Electrical 1.1.4 Interior 1.1.5 Roofing 1.1.6 Pour Foundation 22.214.171.124 Frame Exterior Walls 126.96.36.199 Install Water Lines 188.8.131.52 Install Wiring 184.108.40.206 Install Drywall 220.127.116.11 Install Felt 18.104.22.168 Install Patio 22.214.171.124 Frame Interior Walls 126.96.36.199 Install Gas Lines 188.8.131.52 Install Outlets/ Switches 184.108.40.206 Install Carpets 220.127.116.11 Install Shingles 18.104.22.168 Stairway 22.214.171.124 Install Roofing Trusses 126.96.36.199 Install B/K Fixtures 188.8.131.52 Install Fixtures 184.108.40.206 Install Painting 220.127.116.11 Install Vents 18.104.22.168 Level 4 Work Package / Planning Package Level Source: Booz Allen Hamilton (www.boozallen.com) 18 Additionally, your WBS will cover your entire project life cycle however, the further out you go, the less detail you may have since the work is not clearly defined until most of the preceding work gets done.. Bottom-up Cost Estimate at the WBS Level Cost Estimate – Risk Analysis Work (WBS 3.2) Labor Category Hours Rate Total Engineering Analyst II Engineering Analyst III Application Programmer II Application Programmer III Quality Assurance Analyst Software Engineer II Technical Writer Project Manager 100 42.35 50 47.50 10 38.35 5 41.75 40 42.65 35 44.85 25 36.80 65 56.90 Total Direct Labor Costs Add Fringe Benefits 30 Total Labor Costs Contract Services – XYZ (firm fixed priced) Contract Services – ABC (firm fixed priced) Computer Equipment and Accessories Indirect Costs 12 of Total Labor Costs Total Estimated Costs Project Specific Risks (Rework, Migration, etc.) Contingencies and Mitigation Risk Reserve 10 of Total Estimated Costs WBS 3.2 PROPOSED BUDGET (rounded up) 4,235.00 2,375.00 383.50 208.75 1,706.00 1,569.75 920.00 3,698.50 15,096.50 4,528.95 19,625.45 6,500.00 4,600.00 7,600.00 4,528.95 42,854.40 6,200.00 4,150.00 4,285.44 57,500.00 Performance Measurement Baselin
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