Work Breakdown Structure Example: Generic Risk Breakdown Structure Template

The best way to understand Work Breakdown Structure is to look at some examples of Work Breakdown Structure and start drawing your own. You can now modify the Work Breakdown Structure example below using Visual Paradigm's online Work Breakdown Structure tool.

Risk Breakdown Structure

Even the most carefully planned project can run into trouble. No matter how well you plan, your project can always encounter unexpected problems which include anything unplanned and unforeseen that can have a negative impact on the project's costs, timing or quality.

For example, team members get sick or quit, resources that you were depending on turn out to be unavailable, even the weather can throw you for a loop (e.g., a snowstorm). A good project manager should be able to manage the risks effectively and get the project on track. One of the important tools available for managing risk is the Risk Breakdown Structure (RBS) which can help the managers to deal with risk more easily which includes:

  • Categorizes the project risks
  • Helps with brainstorming and discovery of risks
  • Graphical representation is easier to understand and makes decomposing and detailing easier
  • Provides a starting point for the risk management plan.

How to Create a Risk Breakdown Structure?

Work breakdown structure outlines your project and breaks it down into smaller, more manageable portions. To create a work breakdown structure, the project manager, together with the team and any client, should identify the most important pieces of scope.

A WBS helps to decompose a project into a hierarchy of phases, deliverable networks and work packages. A WBS is arrived upon by successively decomposing the project Scope into ever more specific and granular phases and steps. Once a WBS Element cannot be decomposed any further, the WBS has arrived at the Work Package or ATOMIC Task level. Ultimately, the WBS is a tree-like structure that clearly shows the relationships and subdivisions required to achieve the Scope. The steps below outline the major steps to take in creating a Risk Breakdown Structure.

  • Define the scope of the project on the first level of the WBS
  • Project management deliverables should be outlined at level two of the WBS
  • Decompose project deliverables into work packages, to a level that can be scheduled, cost estimated, monitored, and controlled
  • Apply the WBS to schedule development and resource assignment
  • Apply the WBS to, as needed, change control, risk, budget, cost, and communication management, etc.

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