Yes, you can create a full WBS for a project. The WBS, Schedule and CBS create the foundation for the project. Costs can be budgeted and tracked to any item and cost code on the WBS. Each WBS task has a schedule, resources, budget, cost codes, rules of credit, and deliverables (or commodities). The WBS can be broken into phases. Each task can be progressed for earned value calculations, and budget vs. actual vs. earned value measurements are calculated by the system at all levels