The importance of ethical and professional conduct cannot be overemphasized. This is particularly true for the field of project management. According to the Project Management Institute (PMI) (2016), project management professionals have a responsibility to make “the best possible decisions concerning people, resources and the environment.” Ethical decisions reduce risk, ensure positive outcomes, build trust, and influence long term success. Based on this premise, procurement practitioners, who comprise crucial players in the project management field, must constantly act ethically. This paper briefly explains the development of a code of ethics for project procurement professionals. Attention is specifically paid to best practices from other industries and key decisions made during the development of the code. The developed code is attached in the appendix.
The code was developed by referring to the PMI (2016) code of ethics for project management professionals as well as codes of ethics for procurement professionals in various industries. Intended for PMI members as well as non-PMI members with PMI certification, certification applicants, and PMI volunteers, the PMI code of ethics for project management professionals identifies four major values that should drive the conduct of project management practitioners: responsibility, respect, honesty, and fairness. Though these guidelines are aimed at project management professionals in general, they are useful for practitioners specifically in the area of procurement.
Various industries also provide ethical and professional guidelines for procurement professionals. The Chartered Institute of Procurement and Supply (CIPS) (2017), for instance, encourages procurement professionals to demonstrate integrity, accountability, professionalism, proficiency, and legal compliance in every decision they make. The Supply Chain Management Association (SCMA) (2016) also provides ethical guidelines for procurement professionals. SCMA’s code of conduct recognizes the significance of procurement professionals depicting ethical conduct, especially given their integral role in the supply chain. The code emphasizes, among other aspects, avoidance of conflict interest, protection of sensitive information, social and environmental responsibility, and professional competency. In the education sector, codes of ethics for procurement professionals encourage consideration of the organization’s policies, rejection of personal gifts, honesty in...
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