O'Reilly logo

Successful Project Management: Applying Best Practices and Real-World Techniques with Microsoft® Project by Bonnie Biafore

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Glossary

accrual method

When a project incurs actual costs for a resource, for example, as soon as the task starts, prorated as the task progresses, or after the task is complete.

activity

Work performed by resources to achieve a result. Also called a task.

actual cost

Cost that a project has actually incurred including labor, equipment, material, and indirect costs.

actual cost of work performed (ACWP)

Total cost incurred for work completed on a task or tasks through the project status date (or the current date if no status date is defined). ACWP is used in earned value analysis to identify whether a project is on schedule and within budget. ACWP is also called actual cost.

actual duration

The length of time between when a task started and the status ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required