Yes. You can create new WEBIDs (panel log-ins) via the panel at Billing -> Account Privileges. You can then set which panel privileges you wish to allow for the new WEBID.
For more information on WEBID privileges, see the wiki article below;
Save [color=#CC0000]$50[/color] on DreamHost hosting using promo code [color=#CC0000]SAVEMONEY[/color] ( Click for promo code details )