Assignment Papers- Create the WBS: Start with the high-level deliverable, and add the lower level elements to include the lowest level work package.
Based on the project charter that you developed in Unit 1, you will now proceed with your project planning. You have determined that you need to define the scope and complete your work breakdown structure (WBS) to the lowest level work package, which will help you develop the activities for the project schedule. You will also determine the overall project budget and plan the communications within the project. You will identify risks that may affect the project. The requirements for this section are as follows:
· Determine the budget: Using the WBS and project schedule, determine the overall project budget. Include major categories such as materials, labor, and other expenses.
· Plan communications: Using the stakeholders you identified in the project charter, create a matrix to show the plan for communicating with these stakeholders. Include each stakeholder’s name, the content to be communicated, the frequency of communication, and the method.
· Identify risks: Additionally, identify the risks that are associated with the project. Include both threats and improvement opportunities.