What is Actual Cost (AC)?

The Actual Cost (AC) is just the amount of money you spent on your project. It’s similar to looking at your bank statement to discover how much money you’ve actually spent. In project words, this entails reviewing all of your bills, receipts, and payments for items like supplies, labor, and other project-related costs. It allows you to keep track of how much money you’ve really invested in the project vs how much you intended to spend.