What does honesty, as a value upheld by the project management community, entail?

Honesty in project management entails reporting the truth about the project's status, being honest about one's own experience, refraining from deceiving others, and avoiding false statements. A project manager is responsible for truthfully reporting all information in their possession to stakeholders, customers, the project sponsor, and the public. It is always advisable to be transparent and upfront about the project's progress.