Actual Cost

Also ACActual Cost. Total costs actually incurred and recorded in accomplishing workThe total number of hours, people or effort required to comp... performed during a given time period for a scheduleSee project schedule and see also schedule model. The timing... activityA component of work performed during the course of a project... or work breakdown structure componentAn entry in the work breakdown structure that can be at any .... Actual cost can sometimes be direct labourLabour that is specifically identified with a particular act... hours alone, direct costsCost that are specifically attributable to an activity or gr... alone, or all costs including indirect costs. Also referred to as the actual cost of work performedAlso ACWP. See actual cost (AC). (ACWPActual Cost of Work Performed. See actual cost (AC).). See also earned value managementAlso EVM. A management methodology for integrating scope, sc... and earned value technique[Technique] Also EVT. A specific technique for measuring the.... The incurred costsThe sum of actual and committed costs, whether invoiced/paid... that are charged to the project budgetThe project budget is a prediction of the costs associated w... and for which paymentCompensation of an obligation, or reimbursement, by giving o... das been made, or accrued.