What is a charge number WBS?

What is a charge number WBS?

Charge Number — The Charge Number field is a 20-character internal accounting system identifier used to collect costs. This is an optional field; however, a WBS ID must have a Charge Number for actuals to be collected in MPM.

How detailed should a WBS be?

Generally speaking, a WBS should include about three levels of detail. Some branches of the WBS will be more subdivided than others, but if most branches have about three levels, the scope of your project and the level of detail in your WBS are about right.

What is the 100 rule in project management?

This rule states that the WBS includes 100% of the work defined by the project scope and captures ALL deliverables—internal, external and interim—in terms of work to be completed, including project management.

How do I create a WBS code?

Create custom WBS codes

1. Click View, and then pick a sheet view, such as the Task Sheet or Resource Sheet.
2. Click Project. In the Properties group, click WBS and then click Define Code.
3. You can create a project-specific code in the Project Code Prefix box. You can use numbers, uppercase and lowercase letters, and symbols.

Can you have more than one charge number in WBS?

In general, it’s perfectly fine for a charge number to span multiple WBS elements–as long as the sub-elements it spans all fall under the same parent. For example, you could have one charge number for 1.2.1 and 1.2.2 and another for 1.2.3, but you don’t want to have a charge number for 1.1.2 and 1.2.2 and another for 1.1.3.

How to track time and cost in WBS?

For instance, if in your WBS you have one deliverable that you have subdivided further into a number of work packages, you could decide to track time and cost against the higher level deliverable, instead of on the individual work packages, while still use the work packages for resource allocation, responsibilities and your schedule.

What does WBS ( Work Breakdown Structure ) in project management?

“A work breakdown structure defines all the things a project needs to accomplish, organized into multiple levels, and displayed graphically.” Essentially, the WBS defines the “what” of the project.

How many levels of decomposition are there in the WBS?

It’s common to have three levels of decomposition in the WBS. You might have a fourth and even a fifth level in case of extremely complex projects. For most projects, however, three levels will suffice.