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The WBS is the Work Breakdown Structure. It is a hierarchical representation of the elements (tasks) that comprise a project.
Creating a Work Breakdown Structure does just as the name implies, breaking down the work into smaller chunks that everyone can chew. A project seems very overwhelming at first, and the WBS helps stop these feelings. A quick glance at the WBS allows everyone on the project team to see what has been done, and what needs to be done. The WBS is a very important part of project management for this very reason.
The WBS should be a "to-do" list, organized in a flowchart/family tree type manner, taking into consideration every aspect of the project, and what is going to take to get it completed. The tasks on the work breakdown structure should be numbered. If you are using Microsoft Project as your project management software, you will be able to automatically generate a work breakdown structure with the data you place in the Gantt Chart.