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A › Actual Cost (AC)

COV ITRM Glossary

Actual Cost (AC)

Definition

Total costs incurred and recorded in accomplishing work performed during a given time period for a schedule activity or work breakdown structure component. The actual cost can sometimes be direct labor hours alone, direct costs alone, or all costs including indirect costs.


Reference:

PMBOK


See Also:

Also referred to as the Actual Cost of Work Performed (ACWP).

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