Conflict of Interest: Myth or Real
This dynamic presentation introduces the issue of conflict of interest and its impact on leaders and project management practitioners. At the heart of lifting the game of success, conflicts of interest are a common dilemma faced leaders, whether they are project managers, program managers or portfolio managers. As noted in the PMI Code of Ethics and Professional Conduct:
Research with practitioners indicated that the subject of conflicts of interest is one of the most challenging faced by our profession. One of the biggest problems practitioners report is not recognizing when we have conflicted loyalties and recognizing when we are inadvertently placing ourselves or others in a conflict of interest situation.
We know that conflicts of interest are harmful to both individual practitioners and organizations. The opportunity cost of failing to act to prevent and eliminate conflicts of interest is massive in comparison to becoming a change leader. The personal brand, values and behaviours of a leader are key ingredients to a successful career. This engaging presentation’s main discussion points include the following: defining conflicts of interest; distinguishing self-interest from conflicts of interest; outlining the PMI rules related to conflicts of interest; using real examples to highlight the impacts of conflicts of interest in practice; and providing strategies for addressing conflicts.