Use Earned Value to Comply with Sarbanes-Oxley

[ Login/Subscribe ]

Features

Departments

PPM

Tools

Executive

Resources

About Us

Home > Resources > White Papers

Use Earned Value to Comply with Sarbanes-Oxley
Ruthanne Schulte (April 10, 2004)

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 many stories in the press about large projects with huge cost overruns. If this kind of cost overrun is not foreseen and anticipated in the financial forecasts of the company, the effects could seriously impact the projected profit for a given period.

The SOX goes much deeper than just the accuracy of financial projections; it touches on many areas that affect project management within an organization.

Please login/register to read the entire article.

Sponsored Announcements and Special Offers

Project Management Software That Breaks the Mold - Is your team is struggling under the weight of outdated schedules, multiple spreadsheets, and mountains of email? Get organized, get visibility, and save up to 3 hours a day with LiquidPlanner. Scheduling has never been easier with drag-n-drop prioritization that fits the way YOUR team works. Free for 30 days.

Resource Planning Summit, Sept. 19-21, 2010, La Jolla, CA - Resource Planning is HOT today! Opening Keynoter Mike Hanford, Research Director at Gartner, will describe why, and what firms must do about it. Nine industry speakers will describe the startling results they have achieved. If you have anything to do with resource management, register NOW!

ProjectWorld® & World Congress for Business Analysts® is the premier conference for advancing collaboration through practice. The high level content cannot be found at any other industry event because it stretches far beyond the fundamentals to provide leadership, strategy and enterprise wide information - exactly what you need to be more valuable to yourself and your organization.

Are you ready to gain the highest recognition for a BA and apply the best practices defined in the Business Analysis Body of Knowledge®? Let us help you prepare for Certified Business Analysis Professional® certification with our CBAP® Exam Prep Course. We also provide CBAP® Application Workshops (free webinars) to help you successfully get approved for the CBAP® application.

Are your Business Analysis Skills Current? Business analysis is not just about IT requirements anymore. Organizations are looking for a new breed of professionals to bridge the business and technology gap with value-centric solutions. Develop the fundamental skills and best practices you need to stay ahead of changes in your field with our business analysis training offerings.

@task
BAM! BA Newsletter
BAMentor
IIL
Keller Graduate School
LiquidPlanner
Management Concepts
Microsoft
PM War Stories
PPM Executive Newsletter
Resource Plan Summit '10
RMC Project Mgmt
Stanford University
Walden University

September 2010:

What are the main reasons that projects fall behind schedule?