Cumulative Actual Cost Notes: Definitions & Explanations PDF | Download eBooks
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Cumulative Actual Cost Definition:
Cumulative actual cost (CAC)is defined as period-by-period actual cost for the entire project.
Successful Project Management by Jack Gido and James P. Clements
Cumulative Actual Cost Notes:
One important purpose of developing a plan is to refer to it during the project for comparison. A comparison between the actual performed work and the planned work is must. Moreover, the actual and the estimated costs or budget must also be compared for the process of project monitoring. Data regarding actual cost of the project is collected. Usually the actual cost of each work package is determined and summed up to get the actual cost of the project. The actual cost of the project at a given time is called cumulative actual cost. This can be calculated by identifying the period by period actual cost of the work packages. The cumulative budgeted cost and the cumulative actual cost are drawn on graph for easy comparison.
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