Question

Identify the category to which the following components belong:

-Scope
-WBS
-Schedules
-Resource Allocation
-Baseline Budgets
-Status Reports

a) Project planning
b) Risk management
c) Stakeholder engagement
d) Project execution

Answer 1

The components listed pertain to the category of project planning, which is a critical phase in managing a project and includes defining the scope, creating the WBS, scheduling, resource allocation, setting baseline budgets, and preparing status reports.

Step-by-step explanation:

The category to which the following components belong is project planning. Project planning involves establishing the scope, developing the Work Breakdown Structure (WBS), creating schedules, allocating resources, setting baseline budgets, and preparing status reports. Each of these components plays a crucial role in detailing how the project will be executed from start to finish.

Scope defines the project's boundaries, objectives, and deliverables.

• Work Breakdown Structure (WBS) is a hierarchical decomposition of the total scope of work to be carried out by the project team.
• Schedules outline the timeline for when tasks within the project should be completed.
• Resource Allocation involves assigning the necessary resources to tasks in order to execute the project efficiently.
• Baseline Budgets represent the approved estimate of the project's costs.
• Status Reports provide updates on the project's progress and performance against the plan.