Difference between revisions of "Actual Cost"
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==Definition== | ==Definition== | ||
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According to the [[PMI Lexicon of Project Management Terms]], | According to the [[PMI Lexicon of Project Management Terms]], | ||
:[[Actual Cost]] ([[AC]]). The realized cost incurred for the work performed on an activity during a specific time period. See also budget at completion (BAC), earned value (EV), estimate at completion (EAC), estimate to complete (ETC), and planned value (PV). | :[[Actual Cost]] ([[AC]]). The realized cost incurred for the work performed on an activity during a specific time period. See also budget at completion (BAC), earned value (EV), estimate at completion (EAC), estimate to complete (ETC), and planned value (PV). | ||
[[Category: Project Management]][[Category: Articles]] | [[Category: Project Management]][[Category: Articles]] | ||
Latest revision as of 18:10, 3 July 2020
Actual Cost (AC) is the realized cost incurred for the work performed on an activity during a specific time period. See also budget at completion (BAC), earned value (EV), estimate at completion (EAC), estimate to complete (ETC), and planned value (PV).
Definition
According to the PMI Lexicon of Project Management Terms,
- Actual Cost (AC). The realized cost incurred for the work performed on an activity during a specific time period. See also budget at completion (BAC), earned value (EV), estimate at completion (EAC), estimate to complete (ETC), and planned value (PV).
