Importance of Ethics in Project

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Importance of Ethics in Project:-

• Ethics can be defined as a set of moral principles and values.
• Ethical dilemmas arise when our personal values come into conflict
• According to Trevino and Nelson:-

"But our definition of Ethics- the principles, norms and standards of conduct governing an individual or group- focuses on conduct.
We expect employers to establish guidelines for work-related conduct, including what time to arrive and leave the workplace, whether smoking is allowed on the premises, how customers are to be treated, and how quickly work should be done. 
Guidelines about ethical conduct aren't much different.
Many employers spend a lot of time and money developing policies for a range of employee activities, from how to fill out expense reports to what kind of client gifts are acceptable, to what constitutes a conflict of interest or bribe. If we use this definition, ethics become an extension of good management.
Leaders Identify appropriate and inappropriate conduct, and they communicate their expectations to employees through ethic codes, training programmes, and other communication channels."

• Unethical business behaviors cost organizations money and job.
• Unethical also breaks the law which leads to financial penalties, but jail time as well.
• Being ethical is in interest for people who are part of organizations and society. 
• People want to work for and do business with organizations they can trust. 
• Ethical decisions aren't always clear cut.
• We often take decisions that fall in the gray area
• Project Manager is leader who can create, maintain, or change the culture of project organization.
• Culture can be defined as shared beliefs, assumptions, and values that we learn from society/group that guides or influences our behavior.
• Modifying culture includes factor such as authoritative structure, policies, procedures for hiring, firing, rewarding performance and training.
• Culture are sometimes influenced by idol/role model of a particular person or whole group.