In project management, a work package (WP) 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.
Famous quotes containing the word work:
“Unless a group of workers know their work is under surveillance, that they are being rated as fairly as human beings, with the fallibility that goes with human judgment, can rate them, and that at least an attempt is made to measure their worth to an organization in relative terms, they are likely to sink back on length of service as the sole reason for retention and promotion.”
—Mary Barnett Gilson (1877–?)