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A. Planning packages reflect a future segment of work within a control account that has not yet been decomposed into detailed work packages B. A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work C. As work becomes more clearly defined, planning packages are converted into work packages D. Each work package / planning package may be associated with only one control account E. Control accounts and planning packages are tools / techniques of activity definition process
E
My opnion are the false statement regarding control accounts and planning packages is that control accounts are typically used for detailed project planning and tracking. In reality, control accounts are more commonly used for high-level project management and cost control, while detailed project planning is often carried out through work packages or planning packages. Control accounts serve as a summary level for monitoring and controlling project costs and schedules.
For decision making its helpful
Exept for "D" other statements are true as per my knowledege. As planing packages may be associated with multiple accounts.
Control accounts are summary accounts used to keep track of the total amount owed by or to all individual debtors and creditors in a company's accounting records. These accounts are usually maintained in the general ledger and provide a quick reference to the total balance of outstanding debts or receivables.
except D
The statement that is not true is D. "Each work package/planning package may be associated with only one control account." This statement is incorrect because a work package or planning package can be associated with multiple control accounts
Yes all the statemens regarding control account are true.
D. Each work package / planning package may be associated with only one control account
E. Control accounts and planning packages are tools / techniques of activity definition process
D. False: To every credit entry, there is a corresponding debit entry so each work package planning/planning package must reflect in both debtors and creditors control account.
The answer is A: As work becomes more clearly defined ,planning packages are usually converted into work packages
