When work is organized into cost control accounts:
A)The work no longer needs to be tracked by the project manager.
B)The subdeliverables become cost centers instead of profit centers for the project.
C)These are assigned to the units performing project activities.
D)These budgets can then be assigned back to the project manager's department.

Question

Quizplus · Accepted Answer

Cost control accounts are assigned to the units performing project activities, allowing for better tracking and management of project costs. Option A is incorrect as the project manager is still responsible for tracking the progress and costs of each cost control account. Option B is incorrect as the subdeliverables may still be profit centers depending on the nature of the project. Option D is incorrect as the budgets are not assigned back to the project manager's department, but rather they are managed within the project.

When Work Is Organized into Cost Control Accounts