Breakeven Chart Lesson Plan for 10th Grade Students

Topic: Breakeven chart

Objectives & Outcomes:

• Students will be able to create a breakeven chart for a project and interpret the results.
• Students will understand the concept of breakeven and how it can be used to analyze project profitability.

Materials

• Calculator
• Project budget
• Project breakeven chart

Warm-up

• Begin by asking students what they know about project profitability. Take a few minutes to discuss the different factors that may impact a project's profit.
• Next, show students a project budget and ask them to identify any costs or expenses that are fixed, variable, or discretionary.

Direct Instruction

• Introduce the concept of a breakeven chart and explain how it is used to determine the point at which a project will break even (i.e. the point at which the project's total costs will equal its total revenue).
• Use the handouts to explain the different variables that can be included in a breakeven chart and how they are used to calculate the break-even point.
• Demonstrate how to create a breakeven chart using a spreadsheet or other software.

Guided Practice

• Have students work in pairs to create a breakeven chart for a hypothetical project that is expected to generate $100,000 in revenue and incur $75,000 in costs.
• Assist students as needed and check for accuracy.

Independent Practice

• Have students work in small groups to create a breakeven chart for a real project that they are involved in.
• Encourage students to present their results to the class and discuss any differences between their projections and the actual results.

Closure

• Review the key points of the lesson, including the importance of considering all costs and revenues when creating a breakeven chart, and the concept of breakeven points.
• Ask students to share their own personal experiences with breakeven points and any challenges they may have encountered.

Assessment

• Observe students during the independent practice activity and provide feedback on their breakeven charts.
• Administer a quiz on the key points of the lesson, including calculating breakeven points, identifying breakeven points on a breakeven chart, and considering all costs and revenues when creating a breakeven chart.