True or False?: Project Managers have to report EVA because shareholders need to understand the forecast for the company in order to avoid fraud. But reporting EVA is hugely important for privately held companies as well. This is because the executive comes along every month or every quarter and takes away a little bit of the middle section in the chart below, the return on investment. If a warning flag doesn't go up to management telling them when they are over drawing or under drawing the return on investment there can be a big shock at the end of the project when the expected amount of profit isn't there. Either there is not enough or there is an excess sitting there earning no interest. A Typical Project Revenue Breakdown 100 90 70 Revenue Percentage 20 10 True False