Question

The code of accounts:

a Is the system used to keep track of purchases and contracts.

b Is any numbering system used to uniquely identify each component of the

work breakdown structure.

c Links the work breakdown structure to the schedule task identifier.

d Is the alpha-numeric reference used in the organisations accounts system

to identify cost centres.

Answer 1

The best answer is B

 i The chart of accounts refers to the accounting system, the code of

accounts to the WBS. Whilst these should be linked, they are not the

same.

 ii Links between the WBS and the activities in the schedule are

required; however, this information is usually in a code field or a text

field, not the Task ID. There are likely to be several activities to each

WBS element and the WBS code of accounts is a fixed structure.

Task IDs can change.