When using earned value techniques,Actual Cost (AC)refers to the total costs actually incurred and recorded in accomplishing work performed during a given time period.

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Actual Cost (AC) is the cost actually incurred in completing the work during a given time period. This includes all direct and indirect costs, such as labor, materials, equipment, and overhead expenses. It is an important parameter in earned value management, which is used to monitor and control project costs and progress. By comparing the actual cost with the planned cost (Budgeted Cost of Work Performed, BCWP), and the cost actually scheduled (Budgeted Cost of Work Scheduled, BCWS), project managers can determine if the project is on track or if corrective actions need to be taken to bring it back on track.

When Using Earned Value Techniques,Actual Cost (AC)refers to the Total