article thumbnail

What Is a Product Breakdown Structure (PBS)? Templates & Examples Included

ProjectManager.com

The product breakdown structure can be used in any product management situation, though it stems from the PRINCE2 methodology. There, it’s used to analyze, document and communicate the outcomes of a project. Let’s take a look at this PRINCE2 Wiki page on project plans, which has a product breakdown structure example.

Prince2 207
article thumbnail

Episode 185 – Redefining Project Success through Sustainable Project Management

Velociteach

The person at the UN said, “I would like to thank our corporate sponsor Nestle for sponsoring the working group.” And I’m like, “Okay, they’re the sponsor of the working group?” And as for cost! So was this project a success? As long as the project manager does their part, our conscience is clear. And I went, “Ooh.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Information about key project cost, performance, and schedule attributes is often uncertain or unknown until late in the program. Using the Agile Methodology to Mitigate the Risks of Highly Adaptive Projects,” Dana Roberson and Mary Anne Herndon, 10 th Annual CMMI Technology Conference And User Group , November 5 – 8, 2012, Denver, CO.

2003 46
article thumbnail

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. The Use of Premortem Techniques in Risk Identification,” EFCOG Position Paper, Project Delivery Working Group, Risk Management Task Team, May 2017. Strategic Risk Analysis ?

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. How to Deal with Project Risk Management Effectively In Your Organization?,”

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a research of a certain unit, such as a person, a company, a project, a social group to trace the peculiarities of the development or trends in connection with the environment for further comparison with a larger unit or, on the contrary, a smaller one. Control Costs . Cost Management . Cost Management Plan .

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project's cost and/or duration are calculated by adding the cost/duration of all its constituent activities. In activity-on-arrow diagrams, nodes represent project stages.