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Code of ethics, trade-off, potential risks
1. Summarize
the importance of adhering to a professional code of ethics.

2. What is
meant by a trade-off? Who are the major players in performing trade-offs?

3. What are
the methods, tools, and capabilities that will allow the project manager to
“sense” potential risks before they are fully developed?

4. What
kinds of changes can be made to contracts and procurement documents and how
should they be managed?

5. What
ethical considerations are involved in contracting and procurement?

6. When
changes are made to schedule, scope, or resource allocation, how should they be
reflected in the contract? What happens when contract adjustments are not
appropriately made? What type of contract is used most often in your
environment and why?

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