| Overview: Actual Cost | ||
Type | ||
Definition | The costs realized by a project or activity at a point in time. | |
Value | A basic measurement that is used to calculate a number of common project metrics. | |
Related Concepts | ||
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What is Actual Cost? John Spacey, updated on
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.
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