Budget Management Terms & Definitions

WBS - Work Breakdown Structure / Work Breakdown Structure Element (WBSE)

The Work Breakdown Structure (known as WBS) is the hierarchical representation of activities and actions to be carried out on a Project. The activities and actions that make up the Work Breakdown Structure are known as the WBS Elements. Revenue and expense transactions are posted to each WBS element (node) of the Project. Reporting can be done on each WBS Element or the WBS for the Project as a whole.

On forms, this code designates where the payroll and related expenses are charged. Note: nine digits for the Health System and seven digits for the University