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Sustainability in Project Management

Projects, both big and small, can benefit from a corporate social responsibility approach. Creating sustainability in projects is about making sure that the project team has the skills and knowledge required to deliver on time and within budget so that there are no surprises further down the line. While this is a key aspect of delivering any project successfully, it’s something that often gets overlooked until it’s too late.

The requirements for sustainable projects vary by organization. Regardless of the size or sector, each project has its own unique set of challenges and opportunities. But one thing they all have in common is that sustainability is not a question of whether it can be done; rather, it's about how to do it well.

What is sustainability?

For some, sustainability is just a buzzword. For others, it's an ethical or environmental obligation. But in a business context, sustainability refers to the various ways that you can avoid reducing profit by making sure your products are sustainable and will last long term.

A project can be sustainable in many ways:

  • Business Sustainability: The concept is not a new one to businesses. It has been around for quite some time and businesses need to be aware that there are various strategies for sustainability, which include achieving economic viability, ensuring environmental responsibility, and assuring social responsibility.

  • Environmental Sustainability: has been a vital issue for the future of our earth. It's also a subject that is often misunderstood, especially by those without a strong technical background in the field. As such, it can be difficult for businesses to get on board with environmental sustainability projects if they don't fully understand the how and why of it all.

  • Organizational Sustainability: It refers to the leadership, talent, global insights, and change strategies necessary for companies to rise to the unique challenges facing business today.

  • Sustainable Finance: is an important concept for the financial industry that considers environmental, social and governance (ESG) issues in investment decisions. This leads to long-term investments in sustainable economic activities and projects.

  • Sustainable Community: addresses multiple human needs, not just one at the expense of all others. It manages its human, natural, and financial capital to meet current needs while ensuring that adequate resources are available for future generations.

Sustainability is something project professionals are thinking about more than before. Regardless of the category, the project impact should be sustained even after the work is done.

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