Chapter 3- PMI Code of Conduct and
Ethics Final Exam And Detailed
Answers.
You are attending a large team meeting where a senior manager is presenting a summary of all the
projects under their portfolio. They report that all projects currently have a positive schedule variance.
However, you know that your project, which is the part of the portfolio, is behind schedule. What should
you do? - Answer Notify appropriate management of the error immediately.
In this situation, the best solution provided is to notify the appropriate management immediately, which
may actually be your manager or another more senior person. Slide 29-30.
Which of the following ethical principle from the Business Ethics Leadership Alliance requires us to
accept responsibility for our actions and maintain quality and integrity in our work products and
information provided? - Answer Accountability
The Business Ethics Leadership Alliance is an association of organizations dedicated to the advancement
of ethical business practices. Their four key ethical principles include: transparency, compliance, conflict
identification, and accountability. Accountability is an obligation to accept responsibility for our actions.
This also requires us to maintain quality and integrity in our work products and information provided.
https://bela.ethisphere.com/ & slide 22.
PMI's ethical standards apply to each of the following groups EXCEPT: - Answer The public
PMI's ethical standards are designed, "to ensure PMI® maintains a level of trust and integrity from which
everyone can benefit." These standards apply to members, volunteers, and certificate holders. PMI® has
no ability to enforce these standards on the public.
https://www.pmi.org/-/media/pmi/documents/public/pdf/ethics/pmi-code-of-ethics.pdf & slide 19.
You are representing the organization's PMO at a training session for new project leaders and are asked
to explain the benefits of ethical management. Each of the following represents a potential benefit
EXCEPT: - Answer It helps to ensure schedule and cost goals are attained.
Ethical management offers many benefits to the organization including: creating awareness of how
actions and decisions benefit the project and organization; cultivating improved teamwork and
productivity by setting expectations; supporting personal growth and meaning in the work; promoting a
positive leadership image in the workplace; helping avoid regulatory penalties; and improving society.
However, just because you are ethical there is no guarantee that your projects are going to be delivered
on time or on budget. Slide 20.
Ethics Final Exam And Detailed
Answers.
You are attending a large team meeting where a senior manager is presenting a summary of all the
projects under their portfolio. They report that all projects currently have a positive schedule variance.
However, you know that your project, which is the part of the portfolio, is behind schedule. What should
you do? - Answer Notify appropriate management of the error immediately.
In this situation, the best solution provided is to notify the appropriate management immediately, which
may actually be your manager or another more senior person. Slide 29-30.
Which of the following ethical principle from the Business Ethics Leadership Alliance requires us to
accept responsibility for our actions and maintain quality and integrity in our work products and
information provided? - Answer Accountability
The Business Ethics Leadership Alliance is an association of organizations dedicated to the advancement
of ethical business practices. Their four key ethical principles include: transparency, compliance, conflict
identification, and accountability. Accountability is an obligation to accept responsibility for our actions.
This also requires us to maintain quality and integrity in our work products and information provided.
https://bela.ethisphere.com/ & slide 22.
PMI's ethical standards apply to each of the following groups EXCEPT: - Answer The public
PMI's ethical standards are designed, "to ensure PMI® maintains a level of trust and integrity from which
everyone can benefit." These standards apply to members, volunteers, and certificate holders. PMI® has
no ability to enforce these standards on the public.
https://www.pmi.org/-/media/pmi/documents/public/pdf/ethics/pmi-code-of-ethics.pdf & slide 19.
You are representing the organization's PMO at a training session for new project leaders and are asked
to explain the benefits of ethical management. Each of the following represents a potential benefit
EXCEPT: - Answer It helps to ensure schedule and cost goals are attained.
Ethical management offers many benefits to the organization including: creating awareness of how
actions and decisions benefit the project and organization; cultivating improved teamwork and
productivity by setting expectations; supporting personal growth and meaning in the work; promoting a
positive leadership image in the workplace; helping avoid regulatory penalties; and improving society.
However, just because you are ethical there is no guarantee that your projects are going to be delivered
on time or on budget. Slide 20.
