September 28 & 29, 2020 | Virtual
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I would suggest it is neither of those two as actual costs needs to include the actual cost of any work package which has been completed. This might not be the same as the actual amount spent as you might not have received or paid certain invoices but those costs are also part of the AC calculation.
It is not Case 2 as we don't include those which were supposed to be completed when calculating actual costs.
I came though this conflict due to the below definition from one of the course :
Actual cost (AC) :The actual amount of monies the project has spent to date.
All I know:) Sorry
Actual Cost is the total cost incurred for the actual work completed to date. In other words, it is the amount of money you have spent to date.
According to the PMBOK Guide, “Actual Cost (AC) is the total cost actually incurred in accomplishing work performed for an activity or WBS component.”
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