Money can only really be applied early by staffing up, adding more people to a late project will invariably make it later. Thanks Mythical Man Month.
So for anything in flight that looks like it will miss a desired goal you can only really change the delivery date or reduce project scope.
But you also need to know you’re going to miss so you need some idea of how much work is left and how quickly you’ll get through it. Detailed estimates are a reaction to this along with the idea of measuring ‘velocity’. I’ve never seen either work well but people seem to cling to the idea that next time it’ll help them get it right.
One of the funniest Agile meetings I’ve been in had a producer explaining the state of the project. Slide 1: Velocity doesn’t mean anything outside of the team it’s for, comparisons don’t make sense. Slide 2: A line graph plotting each teams velocity against one another. Cue any useful discussion derailed because people want to know how we can get everyone’s velocity up to what looks like the best teams.
There’s a lot of dysfunction in business and a lot of winging it without really trying to understand why things are being done. You get a lot of odd practices spread around because project success is not necessarily because of “good leadership” but often project success is the measure used for leaders. A couple of wins and you can gracefully fail upwards believing in your own bullshit.