Previously PMI had separate different ethics standards for members and for credentialed individuals who were held to higher ethical standards. Currently with the changes to the PMBOK Guide – Third Edition v1.3 everyone is held to the same high standard. This includes members and non-members of PMI, certification holders, and individuals who have applied for or received a credential from PMI regardless of their membership in PMI, and non-members who serve in a volunteer capacity.
This area is NOT referenced in the “PMBOK Guide”, IT IS ON THE Exam. As much as 10% of your exam directly or indirectly references this material. PMI has a PDF which is downloadable from their website which contains the material for this subject area. There is a copy of the text with your class materials.
The code is divided into sections that contain standards of conduct which are aligned with the four values that were identified as most important to the project management community.
The 4 values:
The code affirms these four values as its foundation.
The philosophy which governs the Professional Responsibility of a Project Manager simply put:
· Be a leader
· Deal with issues in a direct manner
· Act ethically and legally
· Should be open and up front
The PMP is expected to be professional, this means following the processes in the PMBOK Guide. The code of ethics will be covered in full by referencing the PMI text as the study Guide.