The Definitive Guide to Project Management: The fast track to getting the job done on time and on budget (2nd Edition)
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The previous section made the moral case for abiding by a professional code of practice. There is a related commercial reason, or business case, to do so. In terms of legal liability when something goes wrong, there is a great difference between on the one hand having made a reasonable effort to follow recognized practice but failing to achieve the desired results for the client, and on the other hand not having even tried to follow recognized practice and then failing. The first kind of mistake is treated much more leniently in the courts and by the client, which means less cost and shame if things go wrong, and even if things do not go wrong, lower insurance premiums. Companies that provide project management services are charged lower insurance premiums if their employees are members of a recognized professional body than if they are not. We believe that the main reason to take professional responsibility seriously is the moral one, but the business case is separately a sufficient reason to do so.
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