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This research article analyzes the effectiveness of Earned Value Management (EVM) and its extension, Earned Schedule (ES), in forecasting costs and timelines for complex hydroelectric power production projects. The study utilizes simulation models based on real-life projects to demonstrate that while cost forecasting improves over time, duration forecasting remains less reliable. The findings highlight the challenges of managing complexity and uncertainty in such projects, emphasizing the need for robust ma

Author

osunarafa0

Language

EN