I am trying to understand the concepts between Product Based Planning and Work Based Planning and if there is a right way or a wrong way to plan.
I understand that Product Based Planning is done by listing the products, using nouns as the summary descriptions in a project plan and that Work Based Planning is done by using named phases like start-up, implementation or stages, using verbs as summary descriptions in a project plan.
I work in an organisation that utilises the Prince2 methodology, however I see more WBS plans or a hybrid of both WBS and PBS than I do see plans solely based on PBS.
I would be interested in reading the views of project professionals on this subject:
- is there a right or wrong way to planning i.e. is it just personal preference?
- are there projects where either PBS or WBS would only apply?
- can you use a hybrid of both?
Thank you for reading and I look forward to your views.