Question

Many projects are started, with the project manager knowing that the stated length of time to complete the project or (far more often) that the approved budget will not cover the expenses of the project. If you remember, I have discussed that the project relies on an escalation of commitment from the client to fund the unfinished portion, because they have so many monies sunk into it at the point that there is a request for more funding to finish.

Is this an ethical behavior? Why is this accepted as an unwritten standard in project management? Answer this in terms of ethics. Can anything be done to change this? What would you recommend? (in 500 words)

Answer 1

any project needed to be funded in the starting phase of the whole process, but the fund needed while processing too. as time goes on the problems occur a project gets delayed in the different part of the phases, the whole deliverable cant be to deliver on time and sometimes extra funding is needed.

there is some ethical behaviour that needs to be maintained by the project manager while doing the planning and execution of the project. there are 7type if ethical behvaior that need to be followed by the project manager:

• the correct and updated project report need to be maintained while processing.
• need to protect the interest of all the stakeholders.
• stick to the objective of the project.
• find a supervior as a leader which follow the interest of the project.
• have a right mindset of the higher authority.
• use the right resources and plan and utilzed them correctly.

nowhere as more funding is required then that will come under ethical behaviour because they need to finish the project objective and it will be accepted as an unwritten standard in the project management where it where mention that you need to respect the unknown factors which are associated with the project you need not be fear from that. delay can happen because of so many reasons and it all come under ethical terms and conditions.

for change, you need to check every step before proceeding forward, as every process are interconnected with each other and you need to allocate the budget as department wise. the recommendation can only be given in terms of project time management, if the time is managed then the overall cost can be controlled and raw material can be utilized properly. they need to have a third party for the supervising process so that they can have unbiased feedback.