Which of the following components of a project plan is completed first? Work breakdown structureRisk management planProject budgetProject schedule

Analyzing the Components of a Project Plan

1. Definitions of Project Components:

   • Work Breakdown Structure (WBS): This is a hierarchy that breaks down a project into smaller, more manageable components or tasks.
   • Risk Management Plan: A plan that outlines how to identify, analyze, and respond to project risks.
   • Project Budget: It outlines the financial resources allocated to complete the project.
   • Project Schedule: A timeline that details when tasks will be completed.

2. Order of Completion:

   • The first step in project planning is usually to establish a Work Breakdown Structure (WBS) as it serves as the foundation for all subsequent planning activities including defining the tasks, estimating costs, and determining scheduling.

Summary

In conclusion, the component of a project plan that is completed first is the Work Breakdown Structure (WBS). This serves as the basis for planning the other components effectively.