This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The WBS is a deliverable-oriented hierarchy created using decomposition, not a schedule of activities.

- The 100% Rule mandates that the WBS includes all project scope and nothing extra, a common exam trap.

- Work Packages are the lowest level of the WBS, enabling detailed estimation of cost and duration.

- The WBS Dictionary provides detailed information for each WBS element, such as descriptions, resources, and acceptance criteria.

- The WBS serves as the critical foundation for developing project schedules and cost estimates.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep