External costs can be control led by contract s and budget s for each phase of a project and for each deliverable or work product . Internal cost is the cost of project resources . Cost See Project Cost . Cost The cash value of project activity . 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 .
Also called Control Account . An accounting system identifier used by project participants to charge time and other allowable charges to a project . In Performance Measurement System s, the Cost Account usually comprises work package s and is the lowest summation level in the Work Breakdown Structure . The segregation of the entries in a cost account into logic al subgroups. A member of a functional organization responsible for cost account performance , and for the management of resources to accomplish such task s.