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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
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

Project Metrics

This is the complete list of articles we have written about project metrics.
Actual Cost
Cost Variance
Defect Density
Payback Period
Productivity Rate
Program Metrics
Project Productivity
Risk Exposure
ROI
Time To Market
More ...
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