Question

Discuss the importance of ethics in a project.

Answer 1

Answer:

In the world of project management, ethics plays a significant role in day-to-day interactions and behaviors. Ethics enables stakeholders, employees, vendors, and taxpayers to sleep at night knowing project management professionals (PMPs) are held to strict and high standards when they make decisions or act on their behalf to execute on projects.

Ethics plays a critical role in PM in these primary ways:

• It elevates the profession and raises future standards.
• It increases the faith and trust others bestow.
• It imprints on individual moral mindsets and behaviors.
• It improves business relationships at all levels.
• It promotes fair decision making.
• It reduces project risks.
• It provides a greater chance of success.
• It reduces anxiety and stress and ultimately turnover in projects

Explanation:

Answer 2

Answer:

Ethics serve as a guide to moral daily living and helps us judge whether our behavior can be justified. Ethics refers to society's sense of the right way of living our daily lives. It does this by establishing rules, principles, and values on which we can base our conduct.