CAPM (Certified Associate in Project Management) Practice Exam

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What is a control account?

  1. A financial account for the project budget

  2. A document outlining project scope

  3. The management control point at which integration of scope, budget, and schedule takes place

  4. A list of project resources

The correct answer is: The management control point at which integration of scope, budget, and schedule takes place

A control account is the management control point at which integration of scope, budget, and schedule takes place. This means that it is a specific point in the project where the project manager monitors and controls the project's scope, budget, and schedule. By using control accounts, project managers can ensure that the project stays on track and within budget by closely monitoring these key aspects of the project. The other options are incorrect because they do not accurately define what a control account is in the context of project management.

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