WBS, Scope Change Control and Cost Reserve

• What is Work Breakdown Structure?
• The Work Breakdown Structure takes the project and divides it in smaller pieces. These can be called sub projects.
• The subprojects can be broken down into smaller pieces. This process of breaking down the project can continue until the project is broken into small, more manageable pieces

• What is Scope Change Control?
• Since changes to the project scope are inevitable, we should have a means of changing the scope in such a way that the changes can be managed successfully into the project without causing havoc. This is what we mean by scope change control.
• One of the things you will need in order to control the changes is a clear definition of the project deliverables.
• Unless the deliverables are clear when the scope baseline of the project is established, it is difficult to know when a change is requested whether it is or is not part of the already established project scope.
• Many conflicts can be avoided by having a clear scope baseline that all of the stakeholders have agreed to.

• What are the Cost Reserves?
• There are two kinds of reserves set up to budget for risks: the contingency reserve and the management reserve. The contingency reserve contains the money to do the risks that were identified. The management reserve contains the money to do the risks that were not identified.