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Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Actual Cost
- How do you calculate actual cost?
Actual Cost - How do you calculate actual cost?
The actual cost for projects equals direct costs + indirect costs + fixed costs + variable costs + sunken costs. Alternatively, you can use PMI's simplified formula, which is: actual cost= direct cost + indirect cost.
