What does the Code of Accounts help with in project management?

The Code of Accounts plays a critical role in organizing and tracking costs within project management. This systematic numbering system assigns unique identifiers to every component of a project, including various deliverables and cost items. By utilizing the Code of Accounts, project managers can systematically track expenses related to each component, making it easier to budget, forecast, and report financial performance.

Moreover, the Code of Accounts provides a clear structure for financial terminology, which allows team members and stakeholders to easily understand and reference the costs associated with specific parts of the project. This organization helps in creating a coherent approach to cost management, ensuring that expenses are accurately reported and aligned with the project's overall financial objectives.

While the other options relate to important aspects of project management, they do not specifically highlight the organizing and tracking capabilities that the Code of Accounts provides for financial information.