In project management under the PRINCE2 methodology, a product breakdown structure (PBS) is a tool for analysing, documenting and communicating the outcomes of a project, and forms part of the product based planning technique. In project management under the PRINCE2 methodology, a product breakdown structure (PBS) is a tool for analysing, documenting and communicating the outcomes of a project, and forms part of the product based planning technique. The PBS provides 'an exhaustive, hierarchical tree structure of deliverables (physical, functional or conceptual) that make up the project, arranged in whole-part relationship' (Haughey, 2015).