Work Breakdown Structure Example: Sample Risk Breakdown Structure

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.

The Categories and Levels of Risk Breakdown Structure

RBS is a hierarchical representation of risks, starting from higher levels and going down to finer level risks. This is similar to the organization of the Work Breakdown Structure (WBS). For instance, at the top level you could split your risk into technical risk, cost, schedule, management risk, scheduling risk and external risks (Level 1), then go on to finer levels such as design risks, funding risk etc (Level 2) and so on. You can keep subdividing the risks into deeper levels as long it makes sense.

The beauty of this level approach is, as you go deep in levels you are in process of making an exhaustive checklist. Different levels helps in streamlining the risks and identifying the risks in a categorical approach where focus can be maintained as per category of risks. To help you to create your own very fist with risk breakdown structure, you may adopt a RBS template, perhaps modify it later on to serve your specific needs:

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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