A control account, also referred to by the abbreviation CA, is a tool that is utilized as a management control point that involves the integration of a number of specific and key elements of a number of project specific elements, and after the successful integration, a measurement of the performance to date will take place. The elements which are commonly integrated using the control account tool include the scope of a project, the project’s actual cost as well as the project’s budget, and the project’s schedule. Control accounts are placed at various strategic points of the project’s work breakdown structure. They can be thought of as convenient interchanges along the way of the process, points at which all of the work that has been completed in each of these specific areas can be integrated and any differences can be addressed if not reconciled.

This term is defined in the 3rd and the 4th edition of the PMBOK.

Related Entries:

 

  • Control Account Plan  A control account plan, also referred to by the anagram CAP, is a tool that is used to create...
  •  
  • Work Package  A work package is a portion of the work breakdown structure that allows project management to define the steps...
  •  
  • Work Breakdown Structure Work Breakdown Structure (WBS) refers to a portion of a total project management plan that is used by the project...
  •  
  • Responsibility Assignment Matrix When the time comes for the project management team and or the project management team leader to assess all of...
  •  
  • Planning Package The project management concept of a planning package provides an invaluable means of categorization for the team project management leader...