The document discusses the Work Breakdown Structure (WBS), which is a visual representation that breaks down a project into smaller, more manageable components or deliverables. A WBS breaks down the work into work packages, which are the smallest elements, and organizes them so that the work can be planned, estimated, and controlled. It serves as the foundation for key project management processes like cost estimating, scheduling, and risk management. A WBS dictionary provides details on each work package.