WBS - A Strategic Tool to Manage Projects & Organizations
The Work breakdown structure (WBS) is an established method and considered as one of fundamental building blocks for managing projects. Project management standards e.g PMI consider it predominantly as a part of scope management. In practice organizations use it in different ways and purposes, some for managing scope, others for planning during scheduling, organization or resource management etc. Standards and literature have also specified the use of WBS as a foundation for techniques like Earned Value Management. Essentially, creating a WBS involves the process of decomposition based on phase (activity), product or location.
This talk will explore the concept and technique of WBS in applying it dynamically and how it can work when organizations have to be agile and are constantly changing with regard to strategy. Can the type and method of decomposition be done depending on the purpose for the project & organization, the project domain or sector, and phase of the project? How can we understand the use of WBS as a tool to connect projects with strategy? This aspect will be presented with regard to the current knowledge on the subject and research/surveys done by the author. A new process of 'WBS Analysis' is suggested which can be incorporated in managing projects. This is an ongoing study and papers on related topics have been presented at PMI New Jersey Chapter symposium in 2015, PMI India Research conference in 2015 and PMI Bangalore Practitioners conference in 2016.
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