PMI CAPM (Certified Associate in Project Management) Examination Content OutlineRisk Management and ComplianceHard
A pharmaceutical project is in its execution phase, developing a new drug. The project manager identifies a new regulation introduced by the national health authority that requires an additional, extensive testing phase before market approval. This new requirement was not anticipated and will add 6 months to the schedule and $5 million to the budget. The project manager needs to address this. According to the PMI Code of Ethics and Professional Conduct, which ethical consideration is paramount in how the project manager communicates this situation to stakeholders, particularly regarding the project's viability and continued funding?
- AHonesty
- BResponsibility
- CRespect
- DFairness
Show answer & explanationAnswer & explanation
Correct answer: A. Honesty
In this scenario, the project manager is faced with significant, unforeseen project impacts. The paramount ethical consideration is Honesty, which requires providing accurate and truthful information to stakeholders, even when it conveys bad news or challenges the project's viability. Withholding or sugarcoating this information would violate the principle of honesty.
Why the other options are wrong
- B. Responsibility involves taking ownership of decisions and actions, but Honesty specifically dictates how information about those actions/decisions is conveyed.
- C. Respect ensures courteous and professional interactions, but does not directly address the content or accuracy of critical project status updates.
- D. Fairness ensures impartial decision-making and treatment, which is important but secondary to the truthful communication of critical project status.
PMI Code of Ethics: Honesty
The ethical principle requiring project managers to understand and convey truth in their communications and conduct. This includes accurate reporting of project status, risks, and financial information.
- Communicate truthfully and accurately.
- Provide information in a timely manner.
- Do not deceive or mislead stakeholders.
- Acknowledge errors and correct them promptly.
Memory trick: Really Fair Honest Respectful.