Work package
Encyclopedia
In project management
, a work package is a subset of a project that can be assigned to a specific part for execution. Because of the similarity, work packages are often misidentified as projects.
Work packages are defined by brief statements of Activity Description, Activity Resources of Skill and Expertise, Activity Estimates of Effort and Duration, Activity Schedule, Activity Risks, and Activity Budget. Work Packages are assigned a Work Authorization or Control Account.
Estimates of work packages are used in Earned Value Management to calculate the Planned Value. Progress made in the work package is used to calculate the Earned Value. Actual costs charged to the work package are used in variance analysis.
Project management
Project management is the discipline of planning, organizing, securing, and managing resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end , undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value...
, a work package is a subset of a project that can be assigned to a specific part for execution. Because of the similarity, work packages are often misidentified as projects.
Work packages are defined by brief statements of Activity Description, Activity Resources of Skill and Expertise, Activity Estimates of Effort and Duration, Activity Schedule, Activity Risks, and Activity Budget. Work Packages are assigned a Work Authorization or Control Account.
Estimates of work packages are used in Earned Value Management to calculate the Planned Value. Progress made in the work package is used to calculate the Earned Value. Actual costs charged to the work package are used in variance analysis.