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Week 6: Ethics and Project Portfolio Management - Discussion

Ethical Behavior (graded)

Review the PMP "Professional Code of Ethics and Professional Conduct" and this weeks reading in the textbook. Let's start with addressing the two scenarios below 1. While working on an external project, your customer asks you to perform some additional tasks that are not included in the formal contract. What should you do? 2. You are managing an internal R & D project. The initial test results are very poor. You are afraid your management might cancel the project, and this could reflect poorly upon you. Verification testing could be done quickly and inexpensively. What should you do? Pick a question to answer or comment on your classmates' comments. These questions generate a great deal of discussion in the classroom. I'll be interested to see how we do here!

Responses Response 4 Areas that PMI Code of Conduct Covers Author Professor Orr Date/Time 6/8/2013 12:41:04 PM

What are the four areas that PMI code of conduct covers? Regards, Susan

RE: 4 Areas that PMI Code of Conduct Covers Modified:6/10/2013 5:15 AM

Sydney Williams

6/9/2013 11:56:54 PM

Practitioners from the global project management community were asked to identify the values that formed the basis of their decision making and guided their actions. The four areas that the PMI
code of conduct defined as most important w ere: responsibility, respect, fairness, and honesty for the follow ing people:

1. All PMI members 1.2.2 Individuals who are not members of PMI but meet one or more of the following criteria: .1 Non-members who hold a PMI certification .2 Non-members who apply to commence a PMI certification process .3 Non-members who serve PMI in a volunteer capacity

http://www.pmi.org/AboutUs/Ethics/~/media/PDF/Ethics/ap_pmicodeofethics.ashx

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RE: 4 Areas that PMI Code of Conduct Covers

Mary Hart

6/10/2013 7:25:39 AM

The PMI Code of Ethics is made up of four areas: Responsibility. A PM is responsible for the success or possible failure of a project. This means that he/she takes ownership of decisions made. Respect. This includes respect for resources. This means treating resources (material and
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human) with care and consideration, listening to other opinions and points of view, not being abusive towards others, and handling conflict calmly. Honesty. A PM should be honest in communication and in actions; strive to understand and know the truth; create a safe environment that encourages sharing good and bad news. Fairness. A PM should treat all people equal regardless of sex, age, race, religion, and so on. Decisions made should be impartially, granting equal access to information (as is appropriate), granting equal opportunities, and avoiding conflicts of interest.
Reference: Week 6 Lecture .

RE: 4 Areas that PMI Code of Conduct Covers

Catherine Nderitu

6/11/2013 2:38:55 PM

i) Responsibility- our duty to take ownership for the decisions we make or fail to make,the actions we take or fail to take, and the consequences that result. ii) Respect - our duty to show a high regard for ourselves,others, and the resources entrusted to us. Resources entrusted to us may include people, money, reputation, the safety of others, and natural or environmental resources. iii) Fairness- our duty to make decisions and act impartially and objectively. Our conduct must be free from competing self interest, prejudice, and favoritism. iv)Honesty- our duty to understand the truth and act in a truthful manner both in our communications and in our conduct. Each section includes both aspirational and mandatory standards. Aspirational - describe the standard we strive to uphold as practitioners. Mandatory - establish firm requirements and sometimes limit or prohibit practitioner behavior.

http://w w w .ppmprojects.co.za/documents/PMI_Code_of_Ethics_Professional_Conduct.pdf

RE: 4 Areas that PMI Code of Conduct Covers

Emre Karakus

6/12/2013 7:51:26 PM

Project management institute affirms responsibility, respect, fairness and honesty as it's foundation.

RE: 4 Areas that PMI Code of Conduct Covers

Desmond Callow ay

6/12/2013 9:57:25 PM

The PMI Code of Ethics covers 4 specific areas of interest. The first of w hich is the responsibility of the project manager and organization. This area deals w ith the entity's ability to take ow nership of the decisions that are made, and those that they do not make accompanied w ith the consequences of those decisions. The second area of concern according to PMI is respect. When looking at respect, PMI infers this to mean the duty to exhibit a high level of regard for others, resources used for the projects, and oneself. Resources itself can mean not only the materials can budget of the project, but the people w orking on the project as w ell. Third is the issue of fairness. This is by definition having the ability to act impartially in the decisions that are made during the course of the project. A project manager must remain objective in all aspects of their w ork. Lastly, PMI stresses honesty as very important. They define this as the project manager's ability to tell the truth, understand the meaning of such and act in good faith in all aspects of their activities.

RE: 4 Areas that PMI Code of Conduct Covers Modified:6/15/2013 7:28 AM

Joseph Miller

6/15/2013 7:27:58 AM

PMI Code of Ethics & Professional Conduct

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* Responsibility - absolute ownership in decisions made or failed to make, actions taken or failed to take, and sequentially related consequences. * Respect utmost repute to ourselves, all others, and entrusted allocated resources (personnel, funds, character, absolute safety, and unsurpassed environmental considerations) * Fairness unbiased objective decision execution exempt from nepotism, prejudgment, and self-interests. * Honesty unquestioned honesty regarding all communications and management (http://www.pmi.org/About-Us/Ethics/~/media/PDF/Ethics/ap_pmicodeofethics.ashx).

RE: 4 Areas that PMI Code of Conduct Covers

Derek Am berson

6/15/2013 9:47:58 AM

The four areas are responsibility, respect, honesty, and fairness. Responsibility is just that, taking ownership of the project. Take what you got, do your best and if it has issues own up to them, ask for help and make it work. If it fails accept the failure and blame no one. With respect its the respect for those that are working for you, your resources. Respect their knowledge and let them do what they need to do. Use their knowledge and respect their opinions, after all they are the experts. Honesty is where you continuously communicate what needs to be done to both the team and the customer. Make the best decision based on the information at hand and be honest with the result. Fairness is just that. Treat everyone equal with no discrimination or preference.

Personal Experience Involving Ethics

Professor Orr

6/10/2013 9:20:20 AM

Share a personal experience that involved ethics. What did you do and w hy? Regards, Susan

RE: Personal Experience Involving Ethics

Sydney Williams

6/10/2013 9:39:52 PM

I was in the military, and I had to give a testimony about my opinion of my supervisor who had a racial incident with a fellow friend in conjunction with naval inspector general inspection. Being a young enlisted man in a position that could effect two senior enlisted officers was challenging to say the least. I had to give the honest assessment that my supervisor was a tough guy but not necessarily a racist. But I also had to take stand about the racism at the command. My Executive Officer commended me for it because it took a lot of courage to so. Doing the right thing is not always the easiest thing to do, but in project management and business your integrity means a lot.

RE: Personal Experience Involving Ethics Modified:6/11/2013 2:29 PM

Mary Hart

6/11/2013 2:28:58 PM

I was working as a PM on a tank construction project and the upper manager wanted to allocate some of my resources (steel sheets) to another project; the upper manager was new in the position; without project management background and unfamiliar with the organizations
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procedures; so he asked my manager to hand over my resources to the other project. When my manager asked me to do so I requested a written petition, my manager was aware of the the organizations procedures and knew it was not right for me to give or lend any of the project resources, but he didnt want to go against the upper managers will. I was the one responsible for the project so I took ownership of my actions, I never received a formal petition so I went on working and completed my project.

RE: Personal Experience Involving Ethics

Dw ayne Grant

6/11/2013 2:46:37 PM

I would like to share a general experience learned early on in my professional sales career, and that is be ethical and avoid people that are unethical. However, it becomes difficult when the wolves appear to look like the sheep. This was especially true in sales organizations where there is usually no cap on your earning potential. People tend to cut corner to get things to go through, and I can see the same thing happening in the field of project management. This is usually done in the form of a no bid contract. My business reputation means a lot to me, and I would not put it on the line for a couple of dollars.

RE: Personal Experience Involving Ethics

Isaac Oyan

6/11/2013 9:54:43 PM

I worked in one of the engineering firm sometimes ago as a Project Planner/Scheduler and usually we update the schedule weekly on Thursdays as from 1.00p.m. the reason being that, those workers on the field would have worked from last Friday till Thursday cut off time and give feedback to the home office to update the schedule, but on this occasion there was a problem on the field and there would be monthly upper management meeting that Friday, the Project Coordinator asked me to start to update the schedule on Monday morning, I should assume that the work for the week has been done. I asked him how can we start updating the schedule without the feedback from the field on Monday morning? The Project Coordinator insisted that I should go ahead an do what he asked me to do. I left his office, knowing that the assignment was unethical and it is not normal. Within short period of thinking what to do, The PM has called me to his office telling me that I need to do what my boss asked me to do right now. At this time, I knew that it was a consensus among the senior staff, I yielded to their instruction but I aggressively seeking job elsewhere and a month after I got a new job in another environment. It is not easy to be 100% ethical considering your family and some financial commitment, if you lose job, however I believe there is no alternative to integrity and honesty in whatever we are doing, not only on project but in all of our endeavors.

RE: Personal
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Experience Catherine Nderitu Involving Ethics

6/12/2013 5:38:46 PM

Isaac, i can relate to your situation. I w orked as a procurement analyst and w as in a situation w here as a junior i just had to follow orders. There w as this specific supplier that w henever there w as a purchase order in process for them, my boss and also the overall boss w ould actually take initiative to follow up.The suppliers products w ere not very popular to our customers hence not fast moving. How ever, my bosses w ould actually push the w arehouse to send in a purchase request. The competing product w ould go out stock thus prompting our customers to settle for this particular company products. It w as definite they w ere getting something from this company but i just had my hands tied. It is not a favorable condition to w ork in because it is also unfair to the customer and especially in our case w e w ere the only provider to the specific customers.

RE: Personal Experience Involving Ethics

Derek Am berson

6/12/2013 7:40:29 PM

I w as w orking for coke as the quality systems manager. There w as an issue that forced us to put 2500 cases of NOS on hold due to quality. The quality manager w as reluctant to release it and w as going through the proper channels. The plant manager did not w ant to w ait and did not w ant to take a potential 50k financial loss for the plant. So he forced it to be released. This w as the final straw I had w ith the decisions that did not seem to take ethics or responsibility into account w hen making decisions. So I left the company. I w alked aw ay from a good paying job because of ethics.

RE: Personal Experience Involving Ethics

Jennifer Gherardini

6/12/2013 10:33:15 PM

Unethical behavior is a big stressor for me. I'm not going to say that I never do the w rong thing, but I try really hard to do w hat I think is right, w hich usually lines up w ith the rules and general opinion. My undergrad degree is in accounting and every accounting class seemed to start w ith stories of illegal and unethical behavior. It made me w orry that I may lose a job or a good job opportunity because I know that I w ill not go along w ith unethical behavior just to save it. My good friend introduced me to a business man about a year ago, w hen I w as still getting my degree. He w as telling us about a business plan for animal rescue, such as horses. He w as very open about his shady and unethical plans and then he turned to me to ask about my accounting degree. I w as about to tell him there w as no w ay I w as going to be any part of it w hen my tw o friends told him that's not the kind of person I am at the same time. I don't know if I w ould have done anything had he ever proceeded w ith his plans, w hich is probably not the best answ er, but I didn't have to make that decision because he got into legal trouble over stolen horses and mistreatment of animals. There are so many reasons not to participate in unethical behavior other than it's just w rong. Whenever I'm talking to someone w ho is questing an ethical decision and I don't think they care enough about the plain w rongness of it I like to list off the many possible and likely legal problems they could get into.

RE: Personal Experience Involving Ethics Modified:6/15/2013 7:06 PM

Em re Karakus

6/15/2013 7:06:39 PM

Rules of ethics are not written in software,it projects. ethics are shaped dependencies of importance of software/ip projects. Development cycle rules are put by project management and software development environments like agile, sacrum etc. Rest of the rules which is not written and can not be controlled applied by the team. A software/it project must protect companies/users intellectual property and privacy. Security is another important issue which is a part of ethics. Security is important because of it has risk for internal/external environment. Software developers has taken the risks of security beside development/programming and implementation works. It must be guaranteed certain rules for protecting holder companies intellectual property information and business.
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RE: Personal Experience Involving Ethics

Desm ond Callow ay

6/15/2013 10:18:11 PM

The most personal experience I can offer in ethics w ould have to be from my time w orking at Wal-Mart. The company used to be a good place to w ork for me. That w as until I w ent back to w orking there. I started back in electronics and w as quickly moved from department to department. Upon every move I had just completed fixing an issue in the department I w as in. The credit for the w ork w as alw ays given to the department manager. Every opportunity I applied to move up, and w ith every application I w as denied. I transferred stores to get a promotion only to w alk into a situation w hereas the management at the store had cause $500,000 in shrink due to theft in the previous year alone. The incoming manager w as told I w as there during that time, for w hich I w as not, and w rote me up for an overnight theft that occurred w hen I w as not on premise. As I made recommendations for how to better secure the department, the assistant managers ignored the statements, and the theft grew . I grew tired of w aiting for action to be taken and being told I w as the cause for the theft so I transferred out. The theft w as found to have been a group of employees and support managers that had been at the store for 3 years. I returned back to the store I w orked prior to this, w here at least I knew w ho w as trustw orthy and w ho w as not. Ethical decisions are the keystone to the success of the establishments for w hich w e w ork. At Wal-Mart, the unethical habits and actions of others prompted me to remove myself from the star and eventually the company.

RE: Personal Experience Involving Ethics

Huyen Bui

6/16/2013 7:54:12 PM

When I w as w orking as a category planner for Hyper Market channel, I had to plan for events and promotions in store. Mostly I had gifts for purchase, and a lot of time the suppliers invited me out for lunch or send some extras beside the requested model. Our company is a large one so a lot of suppliers w ant to make relationship. Therefore, as the planner, it is very important to keep the head cool and reject those tempted.

Ethical Culture w here you Work

Professor Orr

6/11/2013 9:24:30 AM

What is the ethical culture of the company w here you w ork or have w orked? What w ould you change? Regards, Susan

RE: Ethical Culture w here you Work

Sydney Williams

6/11/2013 3:33:36 PM

The ethicial culture of the organization (Defense Contract Audit Agency) that I work for now is extremly high. We have two fold ethics meaning. We have the ethical standards as a government employee, and we also have the ethical standards as being auditors. In a case which there is a dilema about ethics, the most conservative or the safer of the two wins out. When you have a high ethicial culture, you are held to higher standards. For example look at the IRS. I know there are a lot of great people that work there but all it takes is one incident to destroy what you have worked so hard to maintain. One thing I would change is to conduct more interactive ethics training. No one takes it serious, but we should to avoid many pitfalls in both government and private sectors. Ethics must be practiced and is something that is just not read in a book and you get checked off to say you completed the training.

RE: Ethical Culture w here you Work

Isaac Oyan

6/12/2013 7:21:05 AM

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There is ethical culture in place, which forms both policies and procedures and one could be judged by it if someone contravened but because doing right thing is not easy, people prefer cutting corner sometimes and whenever there is going to be audit exercise, people will start following rules and make amend to all what they have done wrong because they know it may have negative effect on them. A lot of unethical behaviors are going on in all the workplaces ranging from fraudulent acts to racial discrimination in workplaces. The EEO and the professional bodies like PMI, CPA, AICP has tried to reduce the unethical behavior to a minimum in recent times.

RE: Ethical Culture w here you Work

Dw ayne Grant

6/12/2013 3:28:43 PM

Education has some of the same ethical dilemmas that most other corporations have, and they are the usually suspects, stealing, comingling of funds, and sexual harassment. Education also has a couple of additional things that would end your professional teaching career, and near the top of list is compromising the integrity of a standardized test. When something goes wrong with the execution of a standardized test it is called and irregularity. If they mention your name in the same sentence as a testing irregularity you a pretty much finished, and that include pulling your credentials. Every profession has high profile tasks that must be accomplished and done right every time, and testing is one of those tasks in education.

RE: Ethical Culture w here you Work

Derek Am berson

6/14/2013 8:14:41 PM

Well w here I am, ethics is important. With the development of this project, w e have to do it right. If w e expect something, but get a different result or a result that w e do not like, w e have to accept it. Retest and attempt to remove variables. The fact that the result is not w hat w e expect is not the point of the tests, its w hat w e are accomplishing, so w e have to be correct. I have been here one w eek and w e have done 3 tests. These tests have been performed under strict critiera, how ever, w e got the expected out come on only 2 tests. The third w as off by one variable. This has shut dow n the test until w e can determine if the result w as right or if w e made a mistake in performing the test. To this end, it has put the program 2 days behind on testing, and now w e have to adjust. The project is still on track, but w ere w e w ere ahead, w e have lost all momentum. We could have changed the test and reran it, but it w ould have been unethical, so w e did not do it.

RE: Ethical Culture w here you Work

Jennifer Gherardini

6/15/2013 7:17:26 AM

The Army puts on a good show of high ethical standards, and some actually uphold the standard, but pretty much it's going to be different depending on w here you are w orking and w ho you are w orking w ith. I w ish that everyone had the courage to stand up for w hat's right and not let others either get by w ith the w rong thing or let people do them w rong. I don't think it's enough to have the policies in place for people to use to ensure that they don't get taken for an unethical ride a w ork. I think they need to make sure that everyone is aw are of the policies and give at least an annual refresher training and an extensive new hire training. I prefer the training that gives an extreme example of w hat has happened to someone, like life in prison, for not upholding standards.

RE: Ethical Culture w here you Work

Desm ond Callow ay

6/15/2013 10:39:59 PM

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Where I w ork full-time now is a very ethical business. The previous management of the business did not see things the same w ay as the current crew . Documentation w as not kept in most cases for anything done. This and there w ere copies of softw are floating around that needed to have been secured and locked in one place. The crew that is currently w orking at the site has begun the task of rebuilding documentation, securing the netw ork completely, reclaiming official copies of softw are, and w riting processes and policies that are geared to allow /deny access to specific areas of the netw ork that should only be accessed by the administration of the company. We are making changes to the access controls and the policies of the netw orking already. The only thing I w ould change, if anything, w ould be to lock dow n the desktops from housing the profiles w e use on a daily basis and use more secure virtual profiles. Using profile images, the computer the profile is being accessed on is safer from the activities of the users. This w ould also increase the lifespan of the systems tremendously. This w ould also create w orkstations that are fully HIPAA compliant and are more secure against external attacks to the netw ork.

RE: Ethical Culture w here you Work

Em re Karakus

6/16/2013 6:46:43 PM

I have w orked in project oriented softw are companies and one retail company, both of them w ere not engineering/technical companies. money w ere alw ays centered never cared about developing products and customer relation. I could release these kind of companies w ere not sustainable in any kind of customer/holder portfolio. Ethical culture of a softw are company must be sustainable, customer-product, customer-company and product-company development and relations are important there multi-dimensional relations w ill be determining pricing,strategies and future of a company.

Value Management

Professor Orr

6/12/2013 8:13:43 AM

Value Management talks about sense making. What is it and how is it done? Regards, Susan

RE: Value Management

Kelser Mcmiller

6/12/2013 1:06:37 PM

Sensemaking is a a management sub process carried out as facilitated w orkshops and/or meetings w here the key stakeholder participate actively. A group can use a variety of techniques w hen using the sub process. This includes scenario planning, soft systems analysis, and gap analysis that can be used to understand w hat is going on in the situation and to help them come to a shared agreement about the critical success factors and key performance indicators. It is used in the program learning cycle ( Morris & Pinto, 2007). Morris, Peter W.G. & Jeffrey K. Pinto. (2007) The Wiley Guide to Project, Program & Portfolio Management. John Wiley & Sons, Inc.:New Jersey.

RE: Value Management Modified:6/13/2013 12:06 AM

Mary Hart

6/12/2013 10:39:03 PM

I would add to Kelsers post that the application of sensemaking in the Value Management (VM) process enables participants to construct a shared view of complex situation and model their expected benefits .
Ref: Morris-Pinto, The Wiley Guide to Project, Program, and Portfolio Management-

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RE: Value Management

Dw ayne Grant

6/13/2013 4:21:51 PM

The premise of value management is on time, on budget and on value. I reviewed all resources and it talks about businesses that use technology to navigate the complex world of business, and the goal is to stay focused on delivering value and business outcome aligned with the organization strategy. Successful companies apply value management principles across the project portfolio through what is called the value management life cycle. The value management life cycle consist of three different phases, and they are the discovery phase, the realization phase, and the optimization phase.

RE: Value Managem ent

Desm ond Callow ay

6/16/2013 8:38:18 AM

Value management deals w ith the balance of the perceived w orth of a product or service versus the actual usability of the product or service. Every product has inherit traits that detail how it is to be used and w hat it is to be applied to. So a person attempting to use a computer to paint a house w ould not find use in the computer, as it is not a brush or paint stirrer. A computer cannot roll paint nor can it act as a drop cloth. The same can be said for the computer pow er user trying to use the paint brush, roller and stirrer to complete daily tasks. The user w ould have no use for these tools so he/she w ould have no value in the use of the product. With proper explanation and application of the product, the correct user can then decide how w ell the product or service meets the needs of their activities. This can be seen as a score card event. Taking a formula such as the European assessment of value one could define this value as value = user function / installed attributes. So the pow er user can then use this to take this formula and rate or grade the computer based on how they use it and how it applies to w hat they do on a daily basis. The user may rate their experience as an 8 out of 10 w here 1 is the w orst and 10 is the best. The formula w ould then look like value = 8 (user function) / 10 (installed attributes). The value of the system w ould then be that there is 80% value in the computer w ith 20% grow th opportunity. Now of course those numbers are not truly reflective of today's ever changing environment, but the application of such can be seen as creating a benchmark for how customers can possibly perceive the product w ithin the targeted market.

RE: Value Managem ent

Em re Karakus

6/16/2013 6:53:07 PM

Customers remembers companies and products w ith their next purchases, a successful value management can be described as customer satisfaction. A product in early phases is simple and just designed for human needs in next steps improving product and efficiency a business of value management that w ill be added to product/service. Sometimes an animal can have the sense for a presented value. managing the value and w orking on new techniques to sustain quality can be done keep its relation w ith product and efficiency. Efficiency can be improved w ith customer relation and reading the right sense of them. A product/service like search engines and smart phones can be served globally these are specific samples w hich w e need to consider to understand value. Value of a product can be global and has the same aim to it w ith managing the value of it.

Value Management and the Identification of CSFs

Professor Orr

6/13/2013 9:03:44 AM

VM identifies CSF. What is this? How does this add value to an organization? Regards, Susan

RE: Value Managem ent and the Identification of CSFs

Catherine Nderitu

6/15/2013 4:03:25 AM

CSF - Critical Success Factors are basically the key specific areas that an organization depends on for its continued survival - reflects the current and future goals.i believe In identifying CSFs , then one understands w hat is valuable
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to an organization and can concentrate on them to improve the effectiveness and the efficiency of the organization.

RE: Value Managem ent and the Identification of CSFs

Joseph Miller

6/16/2013 1:22:15 PM

Critical Success Factors (CFS) are easily measured/controlled but of high priority qualitative factors w hich are identified at various levels of the Function Breakdow n Structure (FBS). CFS identification must be disciplined in execution in order to eliminate redundancies and cannot be recognized simultaneously in 2 separate levels. It is recommended that there be 8-12 CFSs but may require more depending. This process is critical and w ill become the baseline value criteria (BVC) regarding every level of decision making & MOC requirements for the project/program (Morris & Pinto, 2007 pgs. 209-214).

RE: Value Managem ent and the Identification of CSFs

Em re Karakus

6/16/2013 6:58:47 PM

The identification of key factors for value management success enables appropriate allocation of the limited time and resources in order to achieve better output. Most of the related past w ork only identified critical success factors for value management studies in general. This paper seeks to distinguish these factors according to their degrees of importance in relation to success. the relative importance of the nominated success factors. Tw o factors that had not been highlighted as having a significant influence on the success of value management studies. In order to explore the underlying construction among the identified critical success factors, factor analysis w as adopted to investigate the cluster of the relationship. the success of value management studies requires a combined effort from all parties involved.

Value Management and your Team Project

Professor Orr

6/14/2013 9:37:42 AM

How might Value Management contribute to your Team Project? Regards, Susan

RE: Value Management and your Team Project

Isaac Oyan

6/14/2013 1:06:59 PM

Value management has contributed in no small measure to our team project because our team really used all the five (5) Value management processes w hich includes, Sensemaking, Ideation, Elaboration, Choice and Mastery. In the course of this project, w e brainstormed together face to face, email and on phone, reasoning together on w hat w e are doing, how to accomplish our aim and objective on the project at hand, w e equally measure our achievement so far, are w e on track in the area of time? Different ideas came up in the course of this brainstorming, different innovation and skills w ere displayed w hich really helped the group. All the ideas, and suggestion w ere brought together and properly evaluated to see the pro and cons of them in line w ith our goals of the project and helped us to make choice of the most suitable paths of the ideas/suggestions. As at now w e are also familiar w ith project and duly know s w hat w e need to do next in respect to this project. Each member of the team has one skill-set or the other that are useful tow ards the project and that is w hy every efforts of the individual w ere geared tow ard adding value to the w hole project, w e screened a lot of materials to see of w hat value or positive effect does they have on the project if they are used or incorporated in the project.

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RE: Value Managem ent and your Team Project

Em re Karakus

6/16/2013 7:06:51 PM

We tried to apply value management process in three phases: discovery realization optimization discovery phases is defining selected requirement of project and relation w ith the company. When w e w ere ready to define matched related information w ith the company and problem consistency became another issue that needs to be fixed. How ever companies try to apply technical resources and methods in their business processes it doesn't alw ays has a consistency on a rule betw een companies. So information must have a consistency w ith the company, at that time it can be accepted as technical method. We tried to reduce complexity and processes w hich Crow nCastle has applied in its business and processes. Optimization is a company related issue w hich is not considered during this project scope, optimization phase is specific because of its nature can not be saved at the beginning w hen a rule is set. optimization is a living issue w hich can be done in time

RE: Value Management and your Team Project

Huyen Bui

6/16/2013 7:45:06 PM

Value management is an important tool in the exercise of defining the clients actual requirements. It should be implemented in the earliest stages of the project process to allow it to have maximum impact on the outcome of the project. The five stages of a value management exercise are information, speculation, evaluation, development, and recommendation/implementation. The process formalises the essential client requirements and retains the correct focus throughout the project lifecycle.

Change in Project Scope

Joseph Miller

6/14/2013 2:02:44 PM

While w orking on an external project, your customer asks you to perform some additional tasks that are not included in the formal contract. What should you do? It is not uncommon for project scopes to change, be modified, added to, etc; a MOC (Management of Change) and Contract amendments are required given the request is ethical and obtainable. On several occasions I have been involved w / deepw ater projects and as the project progresses, new ideas and requests arise, some related to the original scope, some not. Revisions are made o tthe existing contract and a MOC is submitted for review and approval

Lessons Learned in Week 6

Professor Orr

6/15/2013 1:53:46 PM

What are your most important/valuable Lessons Learned for Week 6? Regards, Susan

RE: Lessons Learned in Week 6

Jennifer Gherardini

6/16/2013 4:37:20 PM

I took most of the learned this w eek from the ethics part of the lecture. I am alw ays interested in ethics and I've had it in just about every class, but I learned that there w as still more to learn...If that makes sense. It amazes me how many new s articles and experiences there are of unethical behavior, but this is the first class that there w ere also discussions on people doing the right thing. Stuff like that makes me realize that all is not lost. After this w eek I think that project management may be one of those jobs w here the decision or experience comes up more often than most other jobs though, and that's a little frustrating.
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RE: Lessons Learned in Week 6

Em re Karakus

6/16/2013 7:09:30 PM

w eek 6 is important w ith developing effective communication skills w ith the team and project environment. couple of w eeks ago w e didn't know how this project w ill be finalized but know w e have a project w hich w e had gained a lot of experience. Value management and value engineering talks and researches another subject that i have learned from last session.

RE: Lessons Learned in Week 6

Huyen Bui

6/16/2013 7:50:58 PM

The most valuable lesson for me is how ethics play such an important role in project. It really remind the PM that the PMI code of ethics is not just for display. Many examples have proved that unethical act w ould be find out sooner or later so does the project. Also another valuable tool is the VM, the differentiate among Value Analysis, Value Engineer, and Value Management.

RE: Lessons Learned in Week 6

Kelser Mcm iller

6/16/2013 8:49:00 PM

The most important lesson for me learned this w eek is the idea of sensemaking. The step by step analysis of a situation that inspired change. By looking at the function breakdow n structure w ith CSF's I am now able to see that sensemaking is used on an ongoing basis in projects. Using sensemaking and identifying the needs and expected benefits of key stakeholders also allow s for new opportunities to develop in our project. New projects may evolve from sensemaking.

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