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Use Earned Value to Comply with Sarbanes-Oxley

Is poor project management a crime? The answer could be "yes" now that Sarbanes-Oxley makes senior executives criminally liable for misrepresenting financial information.

After several corporate accounting scandals became public, Congress passed a law, referred to as the Sarbanes-Oxley Act of 2002 (SOX), which holds CEOs and CFOs of publicly traded companies criminally liable for relating fraud to shareholders. Companies are aggressively taking action to meet the requirements dictated by the Sarbanes-Oxley Act. In fact, it has been reported that nearly 77 percent of companies will spend more on IT, business process change, corporate governance, and/or consulting this year as a direct result of SOX compliance.

If your company manages projects, then financial mismanagement of those projects could leave your senior management legally exposed. Consider the …


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