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What is Actual Cost?

 , updated on September 09, 2022
Actual cost are the total expenditures incurred by a project or activity at a point in time. It is a basic project measurement that is used to calculate a wide variety of project metrics such as cost performance index and cost variance.
Overview: Actual Cost
TypeProject Metric
DefinitionThe costs realized by a project or activity at a point in time.
ValueA basic measurement that is used to calculate a number of common project metrics.
Related ConceptsCost Variance
Cost Performance Index
Estimate To Complete

Project Metrics

This is the complete list of articles we have written about project metrics.
Cost Variance
Defect Density
Productivity Rate
Program Metrics
Project Productivity
Risk Exposure
More ...
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