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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 220.127.116.11 Frame Exterior Walls 18.104.22.168 Install Water Lines 22.214.171.124 Install Wiring 126.96.36.199 Install Drywall 188.8.131.52 Install Felt 184.108.40.206 Install Patio 220.127.116.11 Frame Interior Walls 18.104.22.168 Install Gas Lines 22.214.171.124 Install Outlets/ Switches 126.96.36.199 Install Carpets 188.8.131.52 Install Shingles 184.108.40.206 Stairway 220.127.116.11 Install Roofing Trusses 18.104.22.168 Install B/K Fixtures 22.214.171.124 Install Fixtures 126.96.36.199 Install Painting 188.8.131.52 Install Vents 184.108.40.206 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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