CAPM (Certified Associate in Project Management) Practice Exam

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What is the key benefit of having a well-defined WBS code of accounts?

  1. Improves team communication

  2. Allows for detailed cost tracking and management of project deliverables

  3. Speeds up the project completion time

  4. Reduces the need for project meetings

The correct answer is: Allows for detailed cost tracking and management of project deliverables

The key benefit of having a well-defined Work Breakdown Structure (WBS) code of accounts is that it allows for detailed cost tracking and management of project deliverables. By assigning specific codes to each component in the WBS, project managers can easily track costs related to each work package, understand resource requirements, and manage project budget effectively. This detailed tracking helps in controlling project expenditures, ensuring cost efficiency, and facilitating accurate financial reporting throughout the project lifecycle. Hence, option B is the correct answer.

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