THE ROLE OF EARNED VALUE MANAGEMENT IN IMPROVING MANAGERIAL ACCOUNTING PRACTICES AND ACHIEVING SUSTAINABLE DEVELOPMENT

Abstract

This study seeks to explore the impact of Earned Value Management (EVM) on enhancing Managerial Accounting Practices (MAPs) to achieve the goal of responsible consumption and production (SDG 12), specifically within the context of production and manufacturing companies and projects. The objective is to improve product quality while addressing inefficiencies. It examines how traditional manufacturing systems, prevalent in most companies and projects, can be improved through EVM, thereby contributing to the achievement of SDG 12 and aligning product quality with customer needs and expectations. The research aims to enrich the theoretical framework with practical applications, highlighting the role of EVM in refining MAPs and its contribution to SDG 12, ultimately enhancing the company's competitive standing and promoting economic and environmental sustainability. Employing a descriptive analytical approach, the study applies financial and cost data from a sample company. The findings indicate that EVM plays a crucial role in fostering innovation in local manufacturing, improving product quality, and reducing costs by enhancing resource and energy efficiency. Additionally, it helps identify weaknesses and inefficiencies, facilitating the transition towards the production of sustainable products.