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Meaning of cost account

 

 

 

Cost Account

 

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Business project management glossary

 

Meaning of term cost account :

 

A cost account is usually defined as the intersection of the program's work breakdown structure (WBS) and organizational breakdown structure (OBS). In effect, each cost account defines what work is to be performed and who will perform it. Cost accounts are the focal point for the integration of scope, cost, and schedule. Another term for Cost Account is Control Account.

 

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Cost Account

 

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Meaning of term cost account

 

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