CAPM (Certified Associate in Project Management) Practice Exam

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What is the purpose of a code of accounts in project management?

  1. Tracking team member attendance

  2. Providing unique identifiers for all items in the WBS

  3. Managing project deliverables

  4. Scheduling project meetings

The correct answer is: Providing unique identifiers for all items in the WBS

A code of accounts in project management is used to provide unique identifiers for all items in the WBS (Work Breakdown Structure). This allows for easier tracking and organization of project elements, making it more efficient to manage project deliverables listed in the WBS. Tracking team member attendance and scheduling project meetings are not the primary purposes of a code of accounts, as these tasks can be managed through other systems or processes.

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