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PM587 Week 5 Lecture

PM587 Week 5 Lecture

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Published by Huyen Bui

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Categories:Types, Business/Law
Published by: Huyen Bui on Jul 24, 2013
Copyright:Attribution Non-commercial


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7/11/13Advanced Program Managementwww.devryu.net/re/DotNextLaunch.asp?courseid=8140242&userid=12817512&sessionid=48c0813ad8&tabid=1Br0vO6VOTbjEKzhZ9bqCCZFECCignL+u2Kzfc…1/2
Week 6: Ethics and Project Portfolio Management - Lecture
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Ethics and Project Portfolio Management
Ethics|PMI Code of Ethics|Ethics and PPM
It is not unusual to hear of unethical behavior on the news. Rarely a daygoes by that a government official is not reported to have taken a payoff or received gifts, trips, favors in exchange for influencing decisions. We hear of banks receiving bailout money from the government and then paying boardmembers million-dollar bonuses with the funds and not using the money asintended. Recently, the news has reported that educators have tamperedwith standardized tests in order to manipulate their student's scores. Howabout the reports of trusted adults taking advantage of or abusing children?What is wrong with the world? Who is responsible for what is going on or rather going wrong? Each one of us in some way is responsible. We haveallowed or even enabled others to act unethically and we do not hold themaccountable. The word
sounds daunting, but what does it really mean? It means not abiding by the corevalues set up or accepted by society, cultures, or organizations. It means knowing to do the right thing and thennot doing it, or deceiving others by omission or actions.
Where does project management fit into this discussion of ethics or unethical behavior? It fits right in the middle.Without consistently abiding by core values (ethics) that are appropriate for the profession, project management asa whole has no credibility. So let's get started. Ethics are standards, rules, or values that guide the actions of anorganization and its membes. These rules, regulations, or values are meaningless unless they are put into action.  Action must start at the top with leadership. Organizations are led by example. If the leaders do not deal honestlywith their employees and other organizations, then the precedent has been set that it is acceptable to bedishonest. Leaders must teach by example by creating a culture of positive ethical behavior. Ethical behavior should be the norm—the expected behavior. Ethical behavior is good business. It takes work tocreate an ethicalorganizational culture but the rewards are priceless.What actions are considered unethical as a project manager? Below is a limited list of some common unethicalbehaviors.Use of position for gainMisapplying funding on a projectReporting project progress in such a way as to hide negative issuesMisleading or inaccurate schedulesUse of inferior materialsWithholding informationCost loading a schedule with inaccurate percentagesMisrepresenting your own abilities and skillsEthical behavior should apply to everyone. Your goal should be to do the right thing even when no one is watching.Ethical behavior means admitting a mistake and accepting the negative repercussions.

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