The work breakdown structure (WBS) is an important document to manage a project. The components of project requirements are not the same as the components of a WBS.

Discuss the importance of developing a WBS to manage a project and how it contributes to the success of a project. Your discussion should also include the following:

• Identify 1 to 2 tools to monitor the schedule.
• Provide 1 strategy to handle resource overallocation.
• Identify 1 advantage and 1 disadvantage of fast tracking a project.