A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.

A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.
A . Cost breakdown structure
B . Code of accounts
C . Cost estimate classification
D . Schedule identification number

View Answer

Answer: B

Explanation:

A Code of Accounts is a systematic coding structure used to organize and manage scope, assets, cost, resources, work, and schedule activity information in a project. This system enables clear identification and tracking of various project elements, ensuring all components are accounted for and managed systematically. The Code of Accounts serves as a foundational tool in project management, facilitating efficient organization and retrieval of project information.

For example, in a large construction project, different work packages, resources, and costs might be assigned specific codes that help track their progress, expenditures, and scheduling in relation to the entire project. This structured approach supports effective project control and reporting.