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In: Economics

Q1.You plan to set up a company, so construct a WBS for the project Q2. Explain...

Q1.You plan to set up a company, so construct a WBS for the project

Q2. Explain the role of “ map of interdependencies ” in the WBS

Q3. Give several examples of a type of project that would benefit from a template project action plan being developed.

Solutions

Expert Solution

A work-breakdown structure  in project management and systems engineering, is a deliverable-oriented breakdown of a project into smaller components. A work breakdown structure is a key project deliverable that organizes the team's work into manageable sections.

LEts take Example of House constrution

WBS for  House constrution is as follow

A house is a complex project and a WBS will take that complexity and boil it down to simpler tasks that make the project manageable.

At the top of your WBS would be the final deliverable, which is the construction of the house. Beneath that would be the next stage of deliverables, in this case that would be the foundation, internal work and external work that is required to complete the house.

Each of those three deliverables—the foundation, internal and external work—branch off the main deliverable of the house and are then broken down into a series of tasks. For example, the external work includes masonry work and building finishes.

These tasks, however, can still be distilled to smaller subtasks. Therefore, continuing with our external work example, we can look at the masonry work. This would be divided into a number of subtasks, such as laying the masonry, installing roof drains and roofing.

The WBS when created as thoroughly as possible is a roadmap that collects all the stops on your way to, in this instance, building a house. You can see how a seemingly insurmountable project, when broken down with a WBS, feels like something that can be accomplished, because it shows you how to do it.

Interdependencies are defined as capabilities required for the successful delivery of an individual project, which, by extension, affect the success of the overall IM/IT portfolio. Interdependencies represent a subset of the overall project risks.

Map Interdependencies thus help in understanding of the project risk in a map form thus can indentify the risks present in the particular area and can resolve them and make the overall project more effective and efficent

That helps to provide the summary of the project and Track all the events of the project in the simplied manner

Many house constrution cvompany can benefited from this plan of action and could help them to view the overall project in one Go


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