Vernat is developing scheduling software intended for sale. At the end of 20X1, the prototype is working, financing is secured, costs are tracked by project and a market study is favourable. However, a competitor has just announced a similar product and the board of directors has not yet decided whether to continue or abandon the project; no decision is expected before the next strategy committee. The project manager wants to capitalise the expenditure of the second half-year, arguing that five of the six criteria are met. Write a position memo.