Which element is essential for executing project activities successfully in GFEBS?

In GFEBS, having the Work Breakdown Structure (WBS) in FUND status is essential for successfully executing project activities. The FUND status indicates that the project has been properly funded and that the financial resources are allocated and available for use. This status ensures that the project team has the necessary monetary resources to carry out planned activities, manage costs effectively, and adhere to budgetary constraints. Without a WBS in FUND status, there could be delays in resource allocation, uncertainty about project financing, and potential disruptions in project execution.

This structural and financial readiness is critical, as proper funding directly impacts the ability to deliver project outcomes on time and within budget, which is a key component of project management in GFEBS. The other options, while they may contribute to project success, do not directly reflect the foundational requirement for resource allocation that a FUND status provides.