What Does ACWP Stand For?

ACWP stands for Actual Cost Of Work Performed

ACWP, or Actual Cost of Work Performed, refers to the total costs incurred for work completed on a project during a specific time period. It encompasses all expenses, including labor, materials, and overhead, and is used in project management to assess performance against budget and schedule. ACWP is a key metric in earned value management, helping stakeholders evaluate project efficiency and cost control.