Is it ethical for project managers to manipulate budgets? The bigger the project, the more opportunities arise for peopl
Posted: Sun May 08, 2022 8:00 pm
Is it ethical for project managers to manipulate budgets? The
bigger the project, the more opportunities arise for people or
companies to compromise their ethics in an effort to bring the
project in on time and on budget. Compensation often is determined
in part by meeting certain earnings targets, frequently rooted in
the budget. Managers, in turn, have incentives to manipulate the
budget to maximize their pecuniary benefits (such as salary,
commissions, or bonus) while avoiding actions that might make it
more difficult to meet next year’s performance standards. Given the
widespread nature and acceptance (in some cases) of using the
budget to influence pay, it is not always clear whether these
behaviors are ethical or unethical. Do some online research to help
you address the question. Consider the pros/cons associated with
budget manipulation. Does the Project Management Institute (PMI)
address this issue and if so what is its position? If budget
manipulation is common in an industry, can it really be considered
unethical? Including personal experiences and general thoughts on
the topic are encourage as well.
400 word minimum.
bigger the project, the more opportunities arise for people or
companies to compromise their ethics in an effort to bring the
project in on time and on budget. Compensation often is determined
in part by meeting certain earnings targets, frequently rooted in
the budget. Managers, in turn, have incentives to manipulate the
budget to maximize their pecuniary benefits (such as salary,
commissions, or bonus) while avoiding actions that might make it
more difficult to meet next year’s performance standards. Given the
widespread nature and acceptance (in some cases) of using the
budget to influence pay, it is not always clear whether these
behaviors are ethical or unethical. Do some online research to help
you address the question. Consider the pros/cons associated with
budget manipulation. Does the Project Management Institute (PMI)
address this issue and if so what is its position? If budget
manipulation is common in an industry, can it really be considered
unethical? Including personal experiences and general thoughts on
the topic are encourage as well.
400 word minimum.