Project Management Sarbanes-Oxley Regulations27 August 2008
Project Management Process Sarbanes-Oxley Regulations
An company goes public, and finds that it must now be compliant with Sarbanes-Oxley regulations or similar regulations. As part of that, each executive and project manager must certify that each project within his division is under control, and is likely to deliver acceptable results on time and within budget. The office of the Chief Financial Officer (CFO) already has a regulatory compliance division and an internal audit department. This audit department works to:
Define governance to determine which executives are accountable for which projects
Perform reviews so that status information reaches these executives
Perform audits to discover why projects are going out of control
The CFO had expanded his compliance and internal audit department into a Controlling PMO for projects management.
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