Construction projects face cost overruns and delays due to Earned Value Method inaccuracies.
The Earned Value Method helps predict total construction project costs and duration, and detects schedule and budget clashes early on. It's mainly used to monitor progress and control costs and time. It indirectly helps manage risks like cost overruns and missed deadlines. The study found both advantages and inaccuracies in using this method, which can impact cost forecasts and project completion dates.