Essential Project Investment Governance and Reporting: Preventing Project Fraud and Ensuring Sarbanes-Oxley Compliance

Like most space missions, the project manager's job is fraught with job danger. Fail on project delivery and your job may be eliminated. Why is it then that businesses most everywhere fail to protect their project investments? Do they not like their project managers? The business decision to fund a specific project investment is at the expense of other potential options to spend that money. Does the management team not want to grow their business? When a spaceship hits a space rock during its flight, where is the backup that keeps the spaceship on course? Conversely, where is the safety net for a failing project to help it get back on course when an unplanned event occurs? Normally, any space debris will cause severe damage if it collides with a spaceship. This could be life threatening. The astronauts will do anything and everything in their power to avert losing their life, even if it means violating policy. Our space agency, NASA, has invested billions in taxpayer monies to make space travel as safe as they can. What has business delivered to provide a safety net for project managers and their projects? In most cases, in most businesses, projects are expected to make it on their own! How motivated do you think project managers and their teams will be to do everything possible to stay employed when their project is failing? Will these actions violate the expectations of Sarbanes-Oxley? Will you, the...