Definitions for "Actual Cost of Work Performed"
Keywords:  scsc, acwp, pmst, bcwp, spm
("ACWP") Total cost s incurred (direct and indirect) in accomplishing work during a given time period. ACWP is used in the earned value method of progress measurement. See also earned value analysis. [D00055] PMK96 A term in the Cost/Schedule Control System Criteria ( C/SCSC) system for the cost actual ly incurred and record ed in accomplishing the work performed within a given time period. [D00052] SPM 304-9 Actual cost expended on an activity part of a project, or an entire project. [D00053] WST The direct costs actual ly incurred and the indirect costs applied in accomplishing the work performed within a given time period. These cost s should reconcile with the contractor incurred cost ledgers that are regularly audit ed by the client. [D00054] PMK87 Actual cost incurred (spent) on work to date. This can be expressed as a percentage i.e. Actual % Expenditure = ACWP x 100 / BAC [D02241] PMST
Actual cost of an activity, group of activities (tasks) or a whole project. When compared to BCWP, permits financial monitoring of project progress
The costs actually incurred and recorded in accomplishing the work performed within a given time period.