Final answer:
The statement is false; work packages consist of related tasks and are not composed of control accounts, which are instead financial management points in a project's Work Breakdown Structure for performance measurement.
Step-by-step explanation:
The statement "A work package contains a series of control accounts" is false. In project management, a work package refers to a group of related tasks that are defined and assigned to be completed within a specific period, whereas control accounts are an element of the project's breakdown structure. Control accounts are management control points where scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement.
Control accounts are placed at selected management points in the work breakdown structure (WBS). They are a part of the Work Breakdown Structure that manages the finances of the work packages.
- Work Package: Designing a website interface.
- Control Account: The budget assigned for design-related tasks, including the website interface design.