Range of aplication and limitations of the earned value method in construction project estimation
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The considerable degree of complexity found in construction work, as well as project susceptibility to unpredictable conditions determines the need of ongoing progress monitoring and continuous time-cost analysis during the execution of work. Financial and material analysis, using the Earned Value method applied to the construction of an Underground Gas Storage Facility, including project risks which occurred during the project, helped to identify the advantages and limitations in application of this method of monitoring work progress.
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