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The WBS construction technique employing the 100% rule during WBS construction. The adjacent figure shows a work breakdown structure construction technique that demonstrates the 100% rule and the "progressive elaboration" technique. At WBS Level 1 it shows 100 units of work as the total scope of a project to design and build a custom bicycle.
Haugan is associated with the development of the Work Breakdown Structure (WBS) design principle called the 100% Rule. Haugan is vice president of GLH, Incorporated, a management consulting firm for project management, information systems, management consulting, and training support.
Using Monte Carlo simulation, the project manager can apply different probabilities for various risk factors that affect a project component. The probability of occurrence can vary from 0% to 100% chance of occurrence. The impact of risk is entered into the simulation model along with the probability of occurrence.
The items identified in the Work breakdown structure plus overhead costs, plus costs related in proportion to the planning and performance.) According to the PMBOK (7th edition) by the Project Management Institute (PMI), Earned Value (EV) is defined as the "measure of work performed expressed in terms of the budget authorized for that work." [3]
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The last major revision was published on 15 September 2015. This change adopted the High-Level Structure, contained in ISO Directive 1 Annex SL, for the first time. The Quality Management System standards created by ISO are meant for certification of the processes and management arrangements of an organization, not the product or service itself.
work breakdown structure and schedule (i.e. when it will be achieved) TORs could include: [3] success factors, risks and constraints. Although the terms of reference of a project are sometimes referred to as the project charter, [4] there are significant differences between the two. This article describes a TOR containing detailed definitions ...
A Work breakdown structure element may be a product, data, a service, or any combination. The Work Breakdown Structure is a tree structure, which shows a subdivision of effort required to achieve an objective; for example a program, project, and contract. The WBS may show hardware, product, service, or process oriented; Now you seem to state: