The is the amount that was actually spent to achieve the work that was scheduled to be performed up to that point in time.
A)total budgeted cost (TBC)
B)cumulative budgeted cost (CBC)
C)cumulative actual cost (CAC)
D)cumulative earned value (CEV)

Question

Quizplus · Accepted Answer

Cumulative actual cost (CAC) represents the amount that was actually spent up to a specific point in time to achieve the work that was scheduled to be performed. It is a crucial component in Earned Value Management (EVM) as it provides insight into the project's actual spending compared to the budgeted spending. It is also used to calculate other EVM metrics like cost variance (CV) and cost performance index (CPI).

The Is the Amount That Was Actually Spent to Achieve