A Cost Breakdown Structure (CBS) shows costs assigned to:
a. individual work packages using the Work Breakdown Structure (WBS).
b. individual resources using the Work Breakdown Structure (WBS).
c. individual resources using the Responsibility Assignment Matrix (RAM).
d. individual deliverables using the Responsibility Assignment Matrix (RAM)
Solution
CBS is a breakdown or hierarchical representation of the various costs in a project. The CBS represents the costs of the components in the Work Breakdown Structure (WBS). The CBS is a critical tool in managing and the financial aspects of any project and creates a structure for applying measurable cost controls.
A CBS is a breakdown or hierarchical representation of the various costs in a project. The Cost Breakdown Structure represents the costs of the components in the Work Breakdown Structure (WBS). The CBS is a critical tool in managing the project lifecycle, especially the financial aspects of any project by creating a structure for applying measurable cost controls.
a. individual work packages using the Work Breakdown Structure (WBS). Find out more HERE
