Read the below article, then reply to the Discussion.
Rodríguez, F. (2010). Impact of revenue recognition methods in project cost control through earned value. PMI Virtual Library. http://pmqlinkedin.files.wordpress.com/2010/07/imp…
One of the inputs earned value management (EVM) uses to obtain an indicator about the cost performance of projects is the cost incurred by the project until a certain date. Typically, such information is provided by finance departments. The assignment for this unit reflects this methodology. This paper reviews the different methods used by finance departments to calculate and measure the incurred costs in projects, and how these methods may impact the way the project manager applies the EVM to measure, control, and track the status of his or her project. Do you agree or disagree that the implementation of a qualified EVM process addresses the U.S. Generally Accepted Accounting Principles (U.S. GAAP)? (You will need to research the U.S. GAAP to logically present your argument.)
You will need to:
State your position as your premise.
Show your understanding of the points of the paper.
Analyze how EVM addresses each of the four U.S. GAAP criteria.
Synthesize the results of your analysis into a conclusion addressing your premise.
Evaluate or test your conclusion with a source reference (maybe your text) not used in your analysis to avoid circular logic.
