The Project Manager Depends on Legitimate Authority to Gain the Cooperation

question 31

True/False

The project manager depends on legitimate authority to gain the cooperation of the many departments in the organization that may be asked to supply technology, information, resources and personnel to the project.

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Definitions:

Financial Break-Even

The sales level that results in a zero NPV.

Contribution Margin

The amount by which sales revenue exceeds variable costs of production, indicating how much revenue contributes towards covering fixed costs and generating profit.

Accounting Break-Even

Accounting Break-Even is the point at which total revenues equal total expenses (including both fixed and variable costs), resulting in neither profit nor loss.

Total Fixed Costs

The sum of all costs required to produce any good or service that remains constant, regardless of the level of production or output.