PROJECT MANAGEMENT 5
Running head: PROJECT MANAGEMENT 1
Project Management
Student’s Name
Institutional Affiliation
Project Management
Introduction
Project managers should make rational financial decisions as if they were their own money that was being used. They should be accountable for every coin spent on the project, making sure it fulfills the contents covered in the contract between the client and the project company. “Today’s new products determines tomorrow’s needs,” the project managers should understand the actual cost of ownership by full product lifecycle, costing from sourcing materials to disposal. In this particular case, it will be unethical not to complete the project, since the project manager should ensure they accomplish the already started projects within the specified timeframe in the contract.
Your project impacts on a diverse choice of stakeholders. Hence the project coordinator should ensure they come up with projects that will change the lives of community members. The change should be positive and something appreciated by families and friends in the society if you cannot handle your clients, fairly and openly during the product development/service delivery phase in project management (Turner, 2016). The customer will have no confidence in working with them in the other stages of the project. Hence it is ethical for the project coordinators and personnel to ensure they are always open and fair in their dealings.
Ethics in project management involves making the best possible decision concerning people, resources and the environment. These choices reduce risk, enhance positive outcomes, augment trust and is a component or building long term success and reputations (Turner, 2016). Leadership in project management should be rooted in ethical choices. It starts by doing “small things” like meeting the deadline for their client’s projects. The other aspect is accounting for all the expenses used for facilitating operations in the projects. The five basic steps of an ethical decision process in project management include: ethical behavior, developing trust, ensuring there are effective leadership and ultimate success of the project.
Unwritten standards in project management are behavior restrictions enforced by a company during project management which are not laid down, for example, the firm may have a policy of setting aside a percentage of the monies to be used during an ongoing project to settle their debts (Sanghera, 2019). This particular case is acceptable in the unwritten standards in project management since there is no written contract between the project company and the customer regarding him using all the cash to finance the operations in project management. There are several unwritten rules or standards in project management.
Projects are unique
The rule means that different projects can have different types of specifications which defines it. The project workers should work hard, be flexible to adopt the changes that may crop up.
Implement proven project management concepts
There should be formal training with well-defined procedures which will aid in the preparation and managing of compound projects. The success of the project will depend much on the implementation of these project management implements and methods.
Must be aware that they learn from every project
It states that project managers should be able to learn from their mistake or else they will be doomed to repeating the same mistakes all over again.
Do what it feels right
A project team must be satisfied once the project is completed at all and once the project is financed, it should be completed, and no extra funds should be inquired from the client. The client’s worries on whether the project will be completed earlier is also a factor to consider.
Have fun!
Project managers and workers should enjoy whatever role they are assigned within a project, and they should ensure they deliver quality work to the customer. The most successful projects tend to be those that are achieved in line with the business objectives.
Recommendations on project management standards
I recommend two main standard frameworks which include PMBOK and ISO certification. Both will help to ensure the project is done appropriately by the practitioners.
PMI/PMBOK
I suggest the following under this category;
Project Integration: Which involves all the actions done to recognize, conglomerate and coordinate different procedures and project management activities.
Project Scope: A project must involve all the work prerequisite to ensure the project is completed productively
Project Period: Dealing with the timely completion of the project.
Project Cost: There should be proper preparation, projecting, planning and regulating prices so that the entire project can be accomplished within the approved budget.
Project Quality: Defining quality policies, objectives, and responsibilities so that the project will meet the needs of the clients.
Project Communications: They should ensure there is timely and proper planning, collection, distribution plan and disposition of project information.
Project Procurement: it deals with the obtaining products, facilities needed to make the plan successful; through availing necessary materials required to fulfill the project needs.
There are several components of managing a project ethically. When conducting project management, profit and worker motivation are usually important. A project coordinator should be ethical, responsible manager and corporate citizen. Some of the ethical situations they may encounter in the course of the project might be Admission of wrongdoing, focus of blame and difficult choices concerning contracts.
Admission of Wrongdoing
In our day to day life, it is hard for people to admit that they have done something wrong. The same situation happens typically to a project coordinator who is in charge of a big project and staff management (Reich, 2019). It is essential for project managers to be humble and admit to the mistakes they have committed. By not agreeing to the mistakes done, it will significantly affect the relationship of the entire team.
Focus of Blame
In normal circumstances, we usually focus on blaming others when the dealings we are involved in fail to materialize. The same case applies to a project. It is unethically for project managers to focus on solely blaming the workers once a project fails. However, they should first blame themselves and take the action of finding out what went wrong.
Tough Choices Concerning Contracts
During contract formation, there are often many stipulations and requirements between the parties involved. Sometimes managing the contracts can prove to be a hard task. There are some clauses in the contract management which dispel unethical aspects (Reich, 2019). For example, a defense contract may indicate that the individuals of a project team should be of a particular race or origin to work on a project. It clearly shows there are some unethical elements within the contract. Therefore before signing a contract, both parties should ensure it does not dispel any wrong statements that will affect the entire project. Hence it is essential for project managers to ensure they engage in an ethical contract with the clients, as it will enhance the success of the project.
References
Reich, B. H., & Wee, S. Y. (2019, March). Searching for knowledge management practices in the PMBOK Guide. In Proceedings of the PMI Research Conference.
Sanghera, P. (2019). Project Communication Management. In CAPM® in Depth (pp. 343-377). Apress, Berkeley, CA.
Turner, R. (2016). Gower handbook of project management. Routledge.