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What is a Cost Breakdown Structure – CBS Example
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A Cost Breakdown Structure (CBS) is a breakdown or hierarchical representation of the various costs in a project. The Cost Breakdown Structure represents the costs of the components in the Work Breakdown Structure (WBS). The CBS is a critical tool in managing and the financial aspects of any project and creates a structure for applying measurable cost controls. • This video goes through the details of a cost breakdown structure and provides a real-world example with the CBS contained in Adeaca Project business Automation. • Learn more at: https://www.adeaca.com/blog/faq-items... • Adeaca Project Business Automation has a dedicated financial multi-level hierarchy, the cost breakdown structure (CBS). This is the central planning structure against which all project financial activities are planned and managed. • • Video Recorded by Henrik Lerkenfeld • Vice President, Engineering for Adeaca • Henrik has deep roots in Microsoft Dynamics, having been part of the original Axapta team and Microsoft’s team after it was acquired. His knowledge of project industries and his systematic process design approach is a crucial component of Adeaca Project Business Automation’s product success.
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