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How to diagram break charter

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Welcome. In this video Ill be constructing a Break-Even chart using the given information. First we find the breakeven point in units by dividing the fixed cost by the contribution margin. And that gives 45. The Break-Even Point in dollars can now be found by calculating total revenue at Break-Even. And that gives 2700. To construct the graph, we plot units on horizontal axis and dollars on the vertical. Now suppose for the units, we have capacity of, say 110, then we can go as far as maybe 120 -as far as we capture the break-even unit of 45 centrally. And for dollars, I can do a thousand per unit here to ensure Break even dollars of 2700 is captured. So the break-even point here is (45, 2700). Now the fixed cost is the same for any production volume so we draw a horizontal line for the fixed cost here at 1575. For the total revenue function, we know that if we sell zero units, total revenue will be zero. So Total Revenue line is satisfied by (0,0) and will pass through the break-eve

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What are the 3 approaches commonly used in developing a work breakdown structure WBS?

The three layers of most work breakdown structures are the projects main deliverables, control accounts, project deliverables, and work packages.

What are the 3 levels of work breakdown structure?

Work breakdown structure levels Level 1: Major deliverables. Level 2: Deliverables that can still be broken down. Level 3: Can be assigned to the team to complete the third level deliverables.

What comes first project charter or WBS?

The Project Charter goes first; it is feed from the Project Statement of Work which you get from the client. From here you create the Project Scope which identifies the deliverables and from here you can create the WBS which decomposes the deliverables in Work Packages and Activities.

How do you make a WBS diagram?

Here are six simple steps to create a work breakdown structure. Define the Project Scope, Goals and Objectives. Your project goals and objectives set the rules for defining your project scope. Identify Project Phases Control Accounts. List Your Project Deliverables. Set WBS Levels. Create Work Packages. Choose Task Owners.

What are the 5 elements of the project charter?

What Are the Contents of a Project Charter? A project charter should always include an overview, an outline of scope, an approximate schedule, a budget estimate, anticipated risks, and key stakeholders. Each of these sections should be brief, but as thorough as possible.

What are the lowest levels to include in a work breakdown structure?

The lowest Level Elements in the WBS are called Work Packages. Create the WBS Dictionary descriptions at the Work Package Level with detail enough to ensure that 100% of the project scope is covered. The descriptions should include information such as, boundaries, milestones, risks, owner, costs, etc.

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Diagram break charter easily