The work breakdown structure or (WBS) clearly describes the project's deliverables and scope.The WBS defines and organizes the project work.It assists project leaders, participants, and stakeholders in developing a clear vision of the project's end products or outcomes.
The WBS divides the project scope into manageable packages of work which also provides support for focusing communication with stakeholders.
A communication plan may provide information about your project that is important to the project's success.Project sponsors, stakeholders, and team members need to know what is going on in the project and how it affects them.
The more educated people are about the progress and activity in your project, the more eager they may be to support the project's success.
Recently we began the conversation around forming a Project Management Institute (PMI) chapter in The Bahamas. One of the requirements for such an undertaking is to create a business case for submission to the Project Management Institute (PMI). The question was raised, "Is a business case really necessary?"
Controlling costs involves monitoring the status of your project to update the budget, and manage changes to the cost baseline.Updating the budget involves recording actual costs spent to date.Any increase to the authorized budget should only be approved through the integrated change control process.
