Project RBS is abbreviation that can be deciphered in two different ways:
- Risk Breakdown Structure;
- Resource Breakdown Structure;
These two structures are highly important for the project management in two different respects:
- Risk Breakdown Structure: this one is a map of project areas decomposed into smaller elements to identify risks associated with each of these areas. This document works as an important input for the Project Risks Assessment Team to guide them through addressing each of the risks listed on the project’s RBS in terms of its probability and impact. This type of RBS greatly helps the project managers to foresee concentrations of risks, their root causes and impact areas.
- Resource Breakdown Structure: it is a hierarchical list of the resources engaged into the work at a project: mainly they include manpower, materials and equipment. RBS is a tool for organizing and structuring the resources required to accomplish the project deliverables and to reach the project objectives: by resource categories, functions (departments), and other sub-levels. This kind of RBS is widely used for directing and supporting procurement and HR management strategies of organizations.