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Control Account

A formal control point in the project where scope, budget, actual costs, and schedule are brought together and evaluated against earned value to measure performance.

Key Points

  • Located at the intersection of a WBS element and the responsible organization (OBS), typically managed by a Control Account Manager (CAM).
  • Groups related work into work packages and, when needed, planning packages under a single performance baseline.
  • Serves as the unit for earned value calculations and variance analysis (PV, EV, AC, SV, CV).
  • Enables consistent performance tracking and roll-up reporting to higher project levels.

Example

In a hospital IT upgrade, the "Network Infrastructure" control account aligns WBS 2.3 with the Network Team. It has a time-phased budget of $600,000. After two months, PV = $200,000, EV = $180,000, and AC = $220,000. The CAM notes both a cost overrun and schedule slippage and proposes corrective actions such as resource reallocation and supplier negotiation.

PMP Example Question

Where are scope, budget, schedule, and actual cost integrated and compared to earned value to assess performance?

  1. Work package
  2. Control account
  3. Project charter
  4. Cost center

Correct Answer: B — Control account

Explanation: A control account is the defined point in the WBS-OBS structure where performance is measured using earned value metrics.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



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