WBS III: WBS usage in Work in Process, Project Forecast and Analysis

Part 3 of 3: Building the foundation blocks of Q360’s One Dashboard, with focus on the Work Breakdown Structure (“WBS”).

In this MasterClass webinar, our last culminating session on Work Breakdown Structure, we assign resources to the project’s tasks by WBS phase, charge time against those tasks, and observe the resulting Work in Process by project and WBS Phase.

If needed, we recalibrate the labor forecast based on the project’s progress and variance trends through an Internal Change Order (ICO), and conduct trend analysis across projects to update WBS estimation calculations. This session was recorded on April 13, 2022.

Topics covered in this webinar:

• Brief recap of  WBS I and WBS II MasterClass
• Assign Resource
  • Level of effort task
  • Time-based task
• Capture and assess project performance
  • Track Task
  • Provide Project Feedback
• Create ICO to align project with forecast
  • Adjust timeline and/or effort as required
• Review project performance reports
  • Project Profit: Project > Profit tab
  • Project Progress Report: Project Screen > Print Button > Print Project Progress
  • Project Status: Projects > Quick View > Project Status
  • Project WIP > Template LD Report
  • Project Revenue / Cost Forecast: Live Data > Accounting > Project Revenue / Cost Forecast
  • Project Overview Dashboard: Dashboards > Project Overview
  • One Dashboard: Dashboards > Executive > One Dashboard