Before discussing charge codes, let’s take a look at what is WBS.

A Work Breakdown Structure (WBS) is a project management tool used to break down a complex project into smaller, more manageable components. It is a hierarchical decomposition of the project deliverables and work into smaller, more manageable components.

The WBS starts with the overall project deliverable or objective and then breaks it down into smaller components or work packages. These work packages are then further broken down into smaller, more manageable tasks until they are small enough to be assigned to a team member or a group of team members.

The WBS can be presented in several formats, including a chart or a list, and it can be used as a tool for scheduling, estimating costs, and tracking progress.

Charge codes are a system used by organizations to track and allocate costs associated with specific projects, tasks, or activities. They are typically numerical or alphanumeric codes that are assigned to a project or activity, and they are used to track costs associated with that project or activity.

By assigning a charge code to each project or task, organizations can track the actual costs associated with each project or task against its budgeted costs. This helps to ensure that projects are completed within budget and that costs are allocated correctly across different departments or cost centers.

Charge codes can also be used to track other metrics, such as the number of hours worked on a project or the types of expenses incurred. This information can then be used to generate reports and analyze project performance.

Overall, charge codes provide a way for organizations to track costs and performance associated with specific projects or tasks, which helps to ensure that projects are completed on time and within budget.