PMI identifies what they callmandatory andaspirational standards.Learn more about what mandatory and aspirational means by watching two segments of a Project Management Foundations: Ethics course available on LinkedIn Learning presented by Bog Gagon, calledMandatory ethics (3:08) https://www.linkedin.com/learning/project-management-foundations-ethics-2019/mandatory-ethics?resume=false&u=2212217 andAspirational ethics (3:19) https://www.linkedin.com/learning/project-management-foundations-ethics-2019/aspirational-ethics?resume=false&u=2212217

1. This assignment is about theMandatory Standards.Referring to the Core values only is not acceptable. (total content provided at the end.
2. Select 2 (two) related PMI'smandatory standards fromone of the core values in thelist below that has the most meaning to you:

1.Respect: 3.3.1 and 3.3.2 or 3.3.3 and 3.3.4

3.3 Respect: Mandatory Standards

As practitioners in the global project management community, we require the following of ourselves and our fellow

practitioners:

3.3.1 We negotiate in good faith.

3.3.2 We do not exercise the power of our expertise or position to influence the decisions or actions of others in

order to benefit personally at their expense.

3.3.3 We do not act in an abusive manner toward others.

3.3.4 We respect the property rights of others.

2.Fairness: 4.3.1 and 4.3.2 or 4.3.3, 4.3.4 or 4.3.5

4.3 Fairness: Mandatory Standards

As practitioners in the global project management community, we require the following of ourselves and our fellow

practitioners:

Conflict of Interest Situations

4.3.1 We proactively and fully disclose any real or potential conflicts of interest to the appropriate stakeholders.

4.3.2 When we realize that we have a real or potential conflict of interest, we refrain from engaging in the

decision-making process or otherwise attempting to influence outcomes, unless or until: we have made full

disclosure to the affected stakeholders; we have an approved mitigation plan; and we have obtained the

consent of the stakeholders to proceed.

Comment: A conflict of interest occurs when we are in a position to influence decisions or other

outcomes on behalf of one party when such decisions or outcomes could affect one or more other

parties with which we have competing loyalties. For example, when we are acting as an employee,

we have a duty of loyalty to our employer. When we are acting as a PMI volunteer, we have a duty

of loyalty to the Project Management Institute. We must recognize these divergent interests and

refrain from influencing decisions when we have a conflict of interest.

Further, even if we believe that we can set aside our divided loyalties and make decisions

impartially, we treat the appearance of a conflict of interest as a conflict of interest and

follow the provisions described in the Code.

Favoritism and Discrimination

4.3.3 We do not hire or fire, reward or punish, or award or deny contracts based on personal considerations,

including but not limited to, favoritism, nepotism, or bribery.

4.3.4 We do not discriminate against others based on, but not limited to, gender, race, age, religion, disability,

nationality, or sexual orientation.

4.3.5 We apply the rules of the organization (employer, Project Management Institute, or other group) without

favoritism or prejudice.

3.Honesty: 5.3.1 and 5.3.2

5.3 Honesty: Mandatory Standards

As practitioners in the global project management community, we require the following of ourselves and our fellow

practitioners:

5.3.1 We do not engage in or condone behavior that is designed to deceive others, including but not limited

to, making misleading or false statements, stating half-truths, providing information out of context or

withholding information that, if known, would render our statements as misleading or incomplete.

5.3.2 We do not engage in dishonest behavior with the intention of personal gain or at the expense of another.

Comment: The aspirational standards exhort us to be truthful. Half-truths and non-

disclosures intended to mislead stakeholders are as unprofessional as affirmatively making

misrepresentations. We develop credibility by providing completeand accurate information.

• 3. Comparing to Standards of the assigned company (bank of America) You will search the assigned organization's website to compare and contrast codes of ethics and standards of conduct. (Links have been provided to make this easier) https://d1io3yog0oux5.cloudfront.net/bankofamerica/files/pages/corporate-governance/governance-library/code-of-conduct/2023_Code_of_Conduct_%28English%29.pdf
• 4. Provide your insights and thoughts on the following:
• 5. Explain why you think the selected standard is important to the project management profession. Use example(s) or quotation(s) to support your view.
• 6. Give a brief overview of the organization, including the type of industry, the products or services they deliver, the organization's size and if they are global, country-specific or local. Include additional information as relevant. Reference sources of information.
• 7. Search for information on the organization's website to find expectations that align with the chosen PMI mandatory standards. Compare and contrast your findings to PMI. Share ideas on how the standards are similar or why they may not align. Include additional insights as relevant such as the type of products or organization. Use examples and direct quotations to support your work.

please clearly write by covering all 7 questionss