What is the difference between a WBS and a PBS?

What is the difference between a WBS and a PBS?

The PBS is a hierarchical structure* where the main output of the project is placed at the top level. The next level down shows the components that make up the higher level. This process continues to the level of individual products. ... A WBS takes a similar approach but shows the work required to create the products.

What is the difference between obs & WBS?

Work Breakdown Structure (WBS) captures all elements of projects in an organized fashion. ... OBS (also known as Organizational Breakdown Structure) is used to define the responsibilities for project management, cost reporting, billing, budgeting and project control.

What is a plant breakdown structure?

The Plant / Work breakdown structure (PBS) is a concept used in Aspen Basic Engineering to represent a customers process engineering workflow. Typically Aspen Basic Engineering is used for the conceptual engineering and thus the process flow diagram represents the conceptual equipment.

How does a stage product breakdown structure assist in planning?

The product breakdown structure (PBS) ensures that all required products for a planned product are considered during the planning process. In addition, the product breakdown structure is reviewed and revised multiple times by its creators to ensure that no component is forgotten.

What is the purpose of a WBS?

A work breakdown structure (WBS) is a tool that can be used for projects, programs, and even initiatives to understand the work that has to be done to successfully produce a deliverable(s). The benefits of creating a WBS include: it defines and organizes the work required.

What is an OBS in project management?

The Organizational Breakdown Structure (OBS) is a project organization framework for identification of responsibility, accountability, management, and approvals of all authorized work scope.

What is WBS OBS and RAM?

ORGANIZATION BREAKDOWN STRUCTURE (OBS) – A hierarchical relationship of the organization, including subcontractors, responsible for managing a designated scope of work within the work breakdown structure (WBS). RESPONSIBILITY ASSIGNMENT MATRIX (RAM) – Depicts the intersection of the WBS and the OBS.

Why is it important to link the OBS WBS and RBS?

Importance of a WBS vs focus of RBS Cost and time estimates are usually provided for each WBS section. By doing this, it is easier to work out a schedule and appropriate budget for the entire project. Through a WBS, it is also easier to keep track of the performance of individual project sectors.

What is OBS in project management?

The Organizational Breakdown Structure (OBS) is a project organization framework for identification of responsibility, accountability, management, and approvals of all authorized work scope.

What is WPS in project management?

A work breakdown structure is a key project deliverable that organizes the team's work into manageable sections.

What is a PBS in project management?

• In project management under the PRINCE2 methodology, a product breakdown structure ( PBS) is a tool for analysing, documenting and communicating the outcomes of a project, and forms part of the product based planning technique.

Why pbsm for businesses?

• Doing business in Ethiopia, Kenya, Bangladesh & India have taken PBSM over 10 years to develop, train and set TOP goals to factories in order to meet the international norm. Related business models are set to better respond to the demands of US, European and multinational companies along with brands.

What does PBS stand for?

• In project management under the PRINCE2 methodology, a product breakdown structure ( PBS) is a tool for analysing, documenting and communicating the outcomes of a project, and forms part of the product based planning technique. The PBS provides "an exhaustive, hierarchical tree structure...

Who is printpbs management?

• PBS Management consists of a team of seasoned fashion driven entrepreneurs with over 30 years of experience bringing the highest standards of footwear and handbag manufacturing to markets around the world.