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Project Management & Agile · Foundational

Actual Cost

The realized cost incurred for the work performed on an activity during a specific time period.

Definition

AC must correspond to whatever was budgeted in PV and EV (for example, direct hours only or all costs).

Example

$45k spent to date: AC = $45k.

Exam tip

AC is also called actual cost of work performed (ACWP).

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