Ethical Practices (2)

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Q This paper discusses regarding role of ethics in business practice and in project management specifically. It is heard many a times that an organization is having a competitive advantage because of ethical conduct or is abolished due to the unethical practices taking place inside the work environment. It is important to understand what are the benefits of practicing ethics in the work environment and how can it be inculcated in the organization.

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“PMI publishes the Code of Ethics and Professional Conduct to instill confidence in the project management profession and to help an individual in making wise decisions, particularly when faced with difficult situations where the individual may be asked to compromise his or her integrity or values. The values that the global project management community defined as most important were responsibility, respect, fairness, and honesty.

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