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CAPM Practice: Demonstrate an understanding of the various project life cycles and processes

Question 85 of 95 in Demonstrate an understanding of the various project life cycles and processes

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Match each project management scenario with the appropriate PMI Code of Ethics and Professional Conduct value it represents. Items: 1. Lena Mwangi discovers a calculation error in the budget she submitted and immediately informs the sponsor 2. Mariana Menon treats all team members equitably regardless of their background or position 3. Kieran Fairbanks refuses to accept a gift from a vendor bidding on the project contract 4. A project manager at Maple Ridge Corp takes responsibility when the team misses a deadline Which option correctly matches each item to its description?
Show answer & explanation

Correct answer: 1. Lena Mwangi discovers a calculation error in the budget she submitted and immediately informs the sponsor → Honesty 2. Mariana Menon treats all team members equitably regardless of their background or position → Respect 3. Kieran Fairbanks refuses to accept a gift from a vendor bidding on the project contract → Fairness 4. A project manager at Maple Ridge Corp takes responsibility when the team misses a deadline → Responsibility

Explanation

Honesty means providing accurate information and correcting errors. Respect involves treating others with dignity and equity. Fairness requires making decisions objectively and avoiding conflicts of interest like vendor gifts. Responsibility means owning our decisions and their consequences, including missed deadlines.

**Why not A:** This option incorrectly matches all four items. Disclosing a budget error relates to honesty, not fairness. Equitable treatment relates to respect, not responsibility. Refusing vendor gifts relates to fairness, not honesty. Taking responsibility for missed deadlines relates to responsibility, not respect.

**Why not B:** This option also mismatches the values. Disclosing a budget error is about honesty, not respect. Equitable treatment reflects respect, not fairness. Refusing a vendor gift reflects fairness, not responsibility. Taking responsibility is about responsibility, not honesty.

**Why not D:** This option swaps several values incorrectly. Disclosing a calculation error demonstrates honesty through truthful reporting, not responsibility. Equitable treatment demonstrates respect for people, not just respect in general. Taking responsibility for a missed deadline demonstrates responsibility, not honesty.

Key Concept

This question covers Demonstrate an understanding of the various project life cycles and processes under Demonstrate an understanding of the various project life cycles and processes (Project Management Fundamentals and Core Concepts).

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