Earned Value Project Management, Second Edition

Glossary of Earned Value Project Management Terms

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ACWP

See Actual Cost of Work Performed (ACWP).

AMR

See Advanced Material Release (AMR).

ANSI/EIA

See American National Standards Institute/Electronic Industries Association Standard 748 (ANSI/EIA).

AUW

See Authorized Unpriced Work (AUW).

Activity

Effort that occurs over a time period and generally consumes resources; sometimes also called a “task.”

Actual Cost

A cost sustained in fact, on the basis of costs incurred, as distinguished from forecasted or estimated costs.

Actual Cost Of Work Performed (ACWP)

The costs actually incurred in accomplishing the work performed.

Actual Direct Costs

Those costs specifically identified with a contract or project, based upon the contractor’s cost identification and accumulation ...