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Ethics Guide timation Ethics A buy in cours when company agrees to produce a system or product for less money than lonows the project will require. For example, when a vendor of development services agrees to build a system for, say, $50,000, when good estimating techniques indicate it would take $75,000. If the contract for the system or product is written for time and materials," the project's sponsors will ultimately pay the $75,000 for the finished system. Or the project will fall once the true cost is known. If the contract for the system or product is written for fixed cost, then the developer will absorb the extra costs. A vendor would use the latter strategy if the contract opens up other business opportunities that are worth the $25,000 loss. Buy-ins always involve deceit. Most would agree that buying-in on a time-and-materials project planning to stick the customer with the full cost later, is wrong. Opinions on buying-in on a fixed priced contract vary. You know you'll take a loss, but why? To build intellectual capital for sale elsewhere? For a favor down the road? Or for some other unethical reason 2 What about in-house projects? Do the ethics change it an in-house development team is building a systern for use in-house? If team members know there is only $50,000 in the budget should they start the project if they believe that its true cost is $75.000? If they do start at some point senior management will either have to admit a mistake and cancel the project with a loss or find the additional $25.000. ProSDOSors can state all sorts of reasons for such buy-ins. For example, I know the company needs this system. It management doesn't realize it and fundit appropriately, then we'll just force the hand These issues become even sticker if team members disagree about how much the project will cost. Suppose one faction of the team believes the project will cost $35,000, another factions estimates $50.000, and a third thinks $65.000. Can the project sponsors justify taking the average? Ou should they describe the range of estimates Other buyinate more subtle Suppose you are a project manager of exciting w project that is possibly careemaker for you. You are increasly busy, working 3 days a wekan tong hours och day your team has developed an estimate for 550.000 of the Alle voice in the back of mind that maybe not all costs for our angect of the projectate included in that estimate. You mean to follow up on that thought but more presso matters in your schedule take precedence Soon you find out in front of management presenting the $50.000 estimated probhould found the stovestigate the state bu you didn't horean ra manager with your dimma think that one Go Whold do "W forWEGE more budowie we have to land Accessibility Unavailable i N 163 W 4. Suppose you are a project manager who is preparing a requst for a proposal on a cost-and- materials systems development project. What can 4. Suppose you are a project manager who is preparing a request for a proposal on a cost-and- materials systems development project. What can you do to prevent buy-ins