ABSTRACT
Formal project/program management (PM) is essential for planning, controlling, and communications that, when properly executed, support time and cost estimates. As shown in Figure 12.1, PM techniques are needed throughout the life cycle to develop detailed estimates and then properly track the project. Figure 12.2 demonstrates how requirements map to WBS (work breakdown structure) elements, which ultimately feed a master schedule. This WBS can be used at any point in the life cycle to capture how, what, and when the activities in a project from which costs are developed should be accomplished.
