AC (Actual Cost)

AC, or Actual Cost, is the real amount of money spent on a project or task up to a specific point in time. It reflects the true expenses incurred, including labor, materials, and overhead. Unlike budgets or estimates, AC provides a concrete picture of what has been spent, helping project managers assess financial performance and control costs. Monitoring AC ensures projects stay within budget and allows for timely adjustments if costs are higher than planned. Essentially, AC shows the real expenditure made to date in the project's progress.