Project managers typically work under constant and strict time, money and quality pressures which can, alongside other factors, lead to professional ethics within the project environment taking a backseat. This paper provides an overview on ethics; project management and ethics within project management with focus on the conventional vs. alternative deliberations taking place in this field of study. Fixed codes of ethics; rationalist-derived standards which are imposed on the field vs. Aristotelian (and other accounts of) virtue ethics are covered. The paper also provides an account of the epistemological shift that has been deemed necessary due to the existential disruptions being caused by the rising rates of failure in projects across multiple industries under the conventional metalanguage: from a natural sciences perspective toward a more existentially-derived phenomenological attitude in the hopes of coming to a better theoretical and practical understanding of project management. The paper finally utilizes a phenomenological analysis methodology after interviewing seven experienced project managers working in different fields while summarizing the two splits present throughout the paper in a Dreyfusian-helped Coeckelberghian framework: with the ultimate aim of seeing how the phenomena of ethics are being experienced from within the project management practitioner world.