actual cost of work performed (ACWP)

Total costs incurred (direct and indirect) in accomplishing work during a given time period.

ACWP is used in the earned value method of progress measurement.

See also earned value analysis (EVA).

[projectlearning.net]

-------Within earned value analysis, the Actual Cost of Work Performed.

This field shows actual costs incurred for work and any fixed costs for tasks, up to the project status date or its current date.

When compared to Budgeted Cost of Work Performed (BCWP), cost variance values (CV) can be determined.

[apm.com]