Cost Estimation and Budgetin Estimating project costs and developing a project budget are crucial aspects of effective project management. Accurate cost estimation helps in planning and controlling project finances, while…

Schedule Development Developing a project schedule is a crucial aspect of project management. It involves creating a timeline that outlines the sequence of activities, dependencies, and milestones required to complete…

Estimating Resources and Durations Estimating Resources: Estimating resources involves determining the types and quantities of resources required to complete project activities. This includes human resources (e.g., team members, specialists), materials,…

Activity Definition and Sequencing Activity Definition: Activity definition involves breaking down the project scope into specific tasks and actions that need to be performed in order to achieve the project…

Work Breakdown Structure (WBS) A Work Breakdown Structure (WBS) is a hierarchical representation of a project's deliverables, activities, and tasks. It breaks down the project into smaller, manageable components, enabling…