- cost account
- cost account
A cost account defines what work is to be performed, who will perform it and who
is to pay for it. Cost accounts are the focal point for the integration of
scope, cost, and schedule. Another term for Cost Account is Control Account.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
An accounting system identifier used by project participants to charge time and
other allowable charges to a project. In Performance Measurement Systems, the
Cost Account usually comprises work packages and is the lowest summation level
in the Work Breakdown Structure.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
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