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Actual Cost (AC).

Source: R/evm.R
ac.Rd

Calculates the Actual Cost (AC) of work completed based on the actual costs incurred at each time period.

Usage

ac(actual_costs, time_period, cumulative = TRUE)

Arguments

actual_costs

Vector of actual costs incurred at each time period. Can be either period costs (cost per period) or cumulative costs depending on the cumulative parameter.

time_period

Current time period.

cumulative

Logical. If TRUE (default), actual_costs are already cumulative and the value at time_period is returned directly. If FALSE, actual_costs are period costs and will be summed up to time_period.

Value

The function returns the Actual Cost (AC) of work completed to date.

References

Damnjanovic, Ivan, and Kenneth Reinschmidt. Data analytics for engineering and construction project risk management. No. 172534. Cham, Switzerland: Springer, 2020.

See also

pv, ev, sv, cv, spi, cpi, eac

Examples

# Using cumulative costs (default)
cumulative_costs <- c(9000, 27000, 63000, 133000, 233000)
time_period <- 3
ac <- ac(cumulative_costs, time_period)
cat("Actual Cost (AC):", ac, "\n")
#> Actual Cost (AC): 63000 

# Using period costs
period_costs <- c(9000, 18000, 36000, 70000, 100000)
ac <- ac(period_costs, time_period, cumulative = FALSE)
cat("Actual Cost (AC):", ac, "\n")
#> Actual Cost (AC): 63000