ETHICS IN PROJECT MANAGEMENT 1 IT301M5 Explain why ethics and integrity are important to the field of IT Purdue Global University Ethics in Project Management Definition of Ethics Ethics are a set of moral principles that guide an individual s behavior Ethical considerations in project management are important because it guides project managers and other personnel on how to behave during the implementation of their roles Ethical values such as honesty and integrity are also vital in decision making and project planning Alexander 2017 Ethics guide stakeholder relations in project management inculcation of morality in communication integration of prudence in the utilization of project resources and focus on achieving the operational financial and social objectives of the project Importance of Project Managers Adhering to a Code of Ethics Project managers should adhere to a code of ethics because of the following reasons First a code of ethics impels project managers to be fair and impartial in decision making Downes 2020 Impartiality and fairness enhance inclusivity and motivate employees to focus on achieving the project s goals and objectives Second a code of ethics trains and encourages project managers to be prudent in the utilization of funds Integrity as an ethical value enhances the trust and confidence of project stakeholders who commit additional resources to finance research and innovation and expansion of the project Third a code of ethics influences effective ETHICS IN PROJECT MANAGEMENT 2 leadership among project managers by impelling them to be visionary effective planners and communicators and positively influence project stakeholders Top Three Behaviors in Your Personal Code of Ethics Top three behaviors in my personal code of ethics are Fairness and equity to employees suppliers customers and investors Integrity in operational and financial operations Positive influence in society All the behaviors have a positive impact on project management because they motivate employees and promote a good rapport among different stakeholders Alexander 2017 The behaviors also encourage corporate social responsibility activities occasioned by the project How a Project Manager should respond to Varying Situational Standards A project manager should respond to varying situational standards by understanding and internalizing ethical codes that apply in different countries A project manager should also inculcate universal ethical values such as integrity owing to their adaptability in all jurisdictions ETHICS IN PROJECT MANAGEMENT 3 References Alexander M 2017 January 24 The importance of being ethical in project management Tech Republic https www techrepublic com article the importance of being ethical in project management Downes S 2020 June Ethical Codes and Learning Analytics In EDEN Conference Proceedings No 1 pp 20 72 https www eden online org proc 2485 index php PROC article view 1032 899