The PMI "Code of Ethics and Professional Conduct" provides guidelines for ethical behavior by project management practitioners. It describes four main values that should guide a project managerâs actions. List these four values and give one example per value of why it should guide a project managerâs actions.

The four core values that guides actions of project management practitioners according to the PMI "Code of Ethics and Professional Conduct" are:

1. Honesty: this value for example requires practitioners to discharge their duties with all sincerity of purpose and should in all manner and situation declare or provide information or reports that are true, accurate and reliable, even if it seems unpalatable or unpleasant. Honesty must be upheld.

2. Responsibility: this value mandates practitioners to take responsibility of their actions and inactions, and make only the right decisions that would benefit the public society and ensures public safety. Practitioners for example, can report any compromise made by any individual that may compromise standards and policies that are laid down.

3. Respect: this mandates practitioners to have regard for each other and all resources under every practitioner's care must be treated with utmost caution and respect. This code would guide practitioners in their behaviors towards discharging their duties and making negotiations in good faith.

4. Fairness: this value ensures all practitioners take decisions that are objective, act and discharge their duties without partiality or favouritism. This is very important in the case of bidding of contract. There should be fairness and transparency.