Project Management Code Of Ethics

As we all know, ethics play a major role in the construction industry. Many contractors and other construction related companies today are being judged not only on their quality of work, but by their professional reputation as well. Owners are coming to the conclusion that although they may not provide the absolute lowest price, the more professionally rated contractors provide a better experience throughout the construction process. Ethics are at the root of a construction company’s reputation. Those involved in the industry, whether it be a general contractor, design professional, subcontractor, or owner’s agent, are often aware of which companies are known for unethical actions. As well, transparency with regard to ethical behavior is more prevalent for construction companies operating on a larger scale. Unethical behaviors such as overbilling for work in place, proceeding with unauthorized change orders, non-payment to subcontractors, bid shopping, and bid peddling occur far too often in the construction industry. However, efforts are currently underway, and have been for some time, to reduce these concerns. Organizations such as the American Institute of Constructors (AIC), as well as the Construction Management Association of America (CMAA), and the Associated General Contractors (AGC), have each established a code of ethics and bylaws by which construction professionals should abide by. Companies that affiliate themselves with these organizations are expected to

How a project manager should respond to varying "situational" standards of ethics as they are encountered from country to country.

Article 8 gives examples on using the AICPA Code of Professional Conduct. The article gives the example of you taking over the role of handling the independence and ethical matters involved with auditing for a retiring partner in your firm. You are quickly given the task of determining whether or not your firm can provide auditing services to a client that owns a small, privately owned bank and a used car dealership. To perform work for the client you want to see the rules on how the firms will remain independent from the bank and car dealership, and you have a week to research any questions or concerns that you have with the potential client.

The NMC (2015) Code of Professional Conduct states that the nurse should "...act at all times in such to safeguard and promote the interests of individual patients and clients". The action of AMU nurse did not comply with this clause while caring for Ms Lisa. It was the ignorance and placed Ms Lisa in a position that was about to cost her Life. Therefore this attitude can not be acceptable.

The roles and responsibilities of the PM is to be the project champion and communicate and field directions from executives and then filter the information and guidance down to the project team.

At the end of the last century, accountants began to organize and become a profession as state societies and boards of accounting debuted. At that time a few companies began to issue financial statements; however, there were no established standards, codes of ethics, or generally accepted principles. Practitioners wishing to represent the economic reality of an entity had to rely on professional judgement. Over time, the profession evolved so that committiees emerged to address these issues, and practitioners voluntarily abided by their guidance.

Members should accept the obligation to act in a way that will serve the public interest, honor the public trust, and demonstrate commitment to professionalism.

Professional ethics are guidelines set by professional organizations that guide its members in performing the functions of their job appropriately, while behaving in a professional and ethical manner (Web Finance Inc., 2016). Some of the characteristics of professional ethics include “knowledge, honesty, accountability, integrity, loyalty, compliance with the law and more” (Reference An IAC Publishing Labs Company, 2016, para. 3). Professional ethics are important because it builds credibility and shows that the person is capable of doing their job appropriately, regardless of the situation,

When looking at the IMA Statement of Ethical Professional Practice, there were some steps that Betty Vinson could have taken to avoid any of the punishments that were given to her. Before following any of the IMA’s recommended actions of recourse, Vinson should have referred to WorldCom’s recognized policies on ethical behavior and follow the actions that they have written and approved to take. If WorldCom’s executives still were demanding her to falsify the journal entries after following her company’s policy, then the IMA would state that she should have discussed the issue with your immediate supervisor or the next level of management if her supervisor was involved in the unethical activity. One important thing to note with this, however, is that “Contact with levels above the immediate superior should be initiated only with your superior’s knowledge, assuming he or she is not involved (Institute of Management Accountants, 2005).

Incorporating ethics in our daily lives is essential, particularly in Project Management. Project Managers are considered to have one of the most difficult jobs due to its distinctiveness. They encounter problems, such as, working with individuals who would rather bend or break the rules, and fail to follow the policies and procedures to achieve outstanding results.

A number of recommendations can be made in order to improve the ethical conduct within this project management issue. During the planning stage, a number of alternatives should have been presented to the

Ethical dilemmas make organizational decisions very problematic. And for this reason, it is good to develop a detailed ethical code of conduct before the organization starts functioning because this makes it easier to make tricky decisions as and when they appear. It is what Project Mill must do before it starts the fundraising process. The fundraiser manager needs to understand that few years down the line someone will definitely raise the question about the ethical practices of the organization and hence there must be a code of conduct in place so not only the organization can stay true to it, but it can also convince others of its ethical beliefs.

Lebanese International University School of Engineering Department of Electrical Engineering Spring 2012 IENG300 – Engineering Project Management Assignment 4 Solution Instructor: Dr. Bassam Hussein Due Date: Week 11 Exercise 10.2: Codes of ethics are pretty instrumental in providing guidance to the members of particular professional society. PMI is one of those societies and its members are professional project managers. Codes of ethics play the following roles in general:

Additionally, the lifecycle of the projects/program, which usually turn out to be long, creates room for cheating especially since any unusual actions on the implementation phases of the project/program would likely be unnoticed for long periods. These thus create the ethical issues that surround the management of projects/programs. There are numerous other ethical issues that face the project/program managesron a daily basis, and thus, there are ethical guidelines to help them in making the correct decisions. This paper looks into and discusses the various project/program managers ethics.

Introduction Business Ethics and Values has this become a very high regarded issue in management. Changing demands, advancing technology and worldwide recession have added to the suppression of this issue and has forced management to maintain numbness towards business ethics and to exploit very possible opportunity disregarding the interests of employees and the markets. Increased expectations of the clients, social and economic environment and corporate governance are all driving forces that have rendered project leads and managers having no choice but to compromise on this concern. Some big