Node A6 · Acronym decoder
ACWP
Actual Cost of Work Performed
What it actually means
In earned value management, what you actually spent doing the work that got done — as opposed to what that work was budgeted to cost. Comparing ACWP against BCWP (earned value) yields the cost variance: whether the work performed cost more or less than planned.
Where you'll meet it
Monthly EVM reports and cost performance reviews on any contract with EVMS requirements.