Front-end-development

4 important questions on Front-end-development

What is a cost-benefit analysis?

Compares project costs to business value it will deliver. (initiation phase)

What is a WBS?

A work breakdown structure. Hierarchical structure of all the different tasks of the project. This flows from the scope and objective. All the work contained in the WBS is to be identified, estimated, scheduled and budgeted.

WBS is normally divide into 4 layers:
1. Category
2. Phase
3. Activity
4. Tasks (look for risks)

Define the levels of basic project plans:

1: WBS
2: WPA, work package assignment (further detailed into WBS tasks)
3. Execution plan
4. Staff allocation plan
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What are value improving practices?

Out of the ordinary practices used during front-end-loading to improve capital project performance. Goal is to optimize NVP

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