Project Management Trade-Offs
Quality: involves trade-offs between ... Performance - Cost - Time
Project Priority Matrix
Hierarchical Breakdown of the WBS (Work Breakdown Schedule)
Level: Hierarchical breakdown: Description
Level 1: Project: Complete project
Level 2: Deliverable: Major deliverables
Level 3: Subdeliverable: Supporting deliverables
Level 4: Lowest subdeliverable: Lowest management responsibility level
Level 5: Cost account*: Grouping of work packages for monitoring progress and responsibility
Level 5+n: Work package: Identifiable work activities
*This breakdown groups work packages by type of work within a deliverable and allows assignment of responsibility to an organizational unit. This extra step facilities a system for monitoring project progress.
Work Breakdown Structure
Example: Personal computer prototype
Integration of WBS and OBS
(click image for larger version)
Read/Write Head Design
Work package cost estimate; Direct Costs
Three Views of Cost
Costs vs. Project Duration: Committed, Actual cost, Scheduled budget
