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All articles tagged with EAC

What Is the Difference Between Estimated Cost at Completion (EAC) and Actual Cost (AC)?

The difference between the Estimated Cost At Completion (sometimes mistakenly referred to as Estimated Cost) and the Actual Cost, is that the Estimated Cost At Completion is an estimate made by the Project Manager for accomplishing a task, an activity, or a project. The Actual Cost represents the costs incurred so far towards accomplishing that objective.