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The role of ethics in project management, contract and procurement management: a critical study

Author: 
Mr. Chavan Ganesh Sakharam
Subject Area: 
Social Sciences and Humanities
Abstract: 

This paper discusses certain ethical concerns in project management, contract and procurement management. The purpose is to advance awareness within the project management community about principles in project management, contract and procurement management to increase the level of ethical exercise in project management administrations. The paper centers on understanding the specialized and ethical responsibilities. Furthermore, the paper argues some of the approaches on how to report ethical concerns. It is expected that great ethical values at individual along with the business level deal a lot of incorporeal other than tangible profits. The paper also focuses on various benefits of ethical conduct to individuals as well to administrations. It is crucial for business executives to be capable to be sure of the act of promises made in officially obligatory contracts. This paper studies the role of business ethics in contract enactment. It demonstrates that the law only is not sufficient to certify performance because the law is a tighter ground than business ethics. Law has strained upon the wider discipline, ethics, to practice the foundation of the regulation. Ethics is almost moral values, and ethical ideas clarify moral principles. Business moral code has applied these ideas to business. The law and business ethics are two different disciplines although they are at some points integrated and at others complementary. An appreciation of the relationship between applied ethics and the law is necessary to assist managers to appreciate that business ethics is as much part of business as is commercial law. This is particularly the case in the law of contract.

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