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| Glossary of Earned Value Management Terms |
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AC
see actual cost.
ACWP
see actual cost.
actual cost
total costs incurred that must relate to whatever cost was budgeted within the planned value and earned value (which can sometimes be direct labor hours alone, direct costs alone, or all costs including indirect costs) in accomplishing work during a given time period.
actual cost of work performed
see actual cost.
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