Actual cost of work performed

Key components of Earned Value Management

a) Planned Value b) Earned Value c) Actual Cost of Work Performed d) Scheduled Performance Index e) Cost Performance Index f) Budget at Completion
People & Blogs video by Youtube Channel

Actual Cost of Work Performed (ACWP) or Actual Cost (AC) - 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.