Project Management Body Of Knowledge Guide

When talking about sustainability numerous people associate it with just protecting the environment. Sustainability is far more than going green, but it is a principle that many companies have adopted and have worked persistently to improve over the last several years. Sustainability is defined as the ability to continue a behavior indeterminately, but it also includes improving human life overall. Sustainable development is broken down into three pillars: economic, social, and environmental (Harich & Bangerter, 2014). Economics is the study of how people use resources, which correlates to the goal of sustainable development by using resources to their full potential (Laszlo, C., & Zhexembayeva, N., 2011, p. 60). Economic sustainable development allows companies to give their customers what they want without overusing mutual resources. Social development combines the social world with the physical realm to provide a good quality of life (Benoit, 2010, p. 7). Social sustainability focuses on the well-being of people and their communities. Environmental development, the most recognizable, includes protecting the environment by reducing pollution, recycling, switching of electronic devices when not in use, etc. All three of these pillars make up what is known as sustainable development. In this paper, I researched a company and their involvement in sustainability and how it applies to the

re-read the news alert on her screen. The company had lost another major contract to Glistrom, a UK-based

I. INTRODUCTION “Earth provides enough to satisfy every man's needs, but not every man's greed.” - Mahatma Gandhi The above quote rightly points out the role of environment for the mankind and the responsibility we need to shoulder for its sustenance. We've come a long way in recognizing that and now almost every business has a statute of doing something good for the environment as part of their CSR initiative. But companies who think of the environment as a social responsibility and not as an imperative are not going in the right direction. The global climate changes and the gradual scarcity of resources have come to light as major disruptions in the business environment. These challenges

Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of

Bertrand Piccard quotes, “In the 21st century, the heroes will be the people who will improve the quality of life, fight poverty and introduce more sustainability. This is a powerful message, it sums up the concepts discussed throughout the course. Additionally, the case studies such as the New Belgium Brewery, SC Johnson and The Kimberly Clarke organization have been proven to practice this philosophy. As society progresses in its efforts to provide a more sustainable future, there is a fundamental foundation of principles that must be followed to ensure success. Sustainable business development takes into account the application of business operations as it relates to the three pillars of sustainability, which is a dynamic yet integrative place to begin this journey. DesJardins, (2006) calls for a re-imagination of the future to create a vibrant sustainable model; which forms similar beliefs to Piccard. In addition, organizations are more inclined to create sustainable practices based on consumer demand and the willingness of leadership to participate in sustainability programs.

To a regular person, the global concern about ‘going green’ might appear as a result of speculation from nervous politicians and alarmed citizens. But the reality is totally different. In recent years, businesses have gained much knowledge about the impact of their activities on environment and in turns their customers. Businesses are successively venturing to earn greater revenues. In this process, they are trying out every best possibility to entice their contributors- from customers to investors. Regardless to say, stakeholders these days are more socially responsible than ever. So to keep up to their expectations, businesses are also trying to expand or limit their activities to save the environment- from doing relentless research on lowering waste to lean management and even trying out various eco-friendly activities. Despite of all these, the ultimate question remains unanswered if it is financially beneficial to adapt those initiatives that is going to serve the

Companies today are heavily influenced by the demands of customers and stakeholders. Corporate social responsibility (CSR) refers to the social and environmental responsibility policies and practices developed by an organization to increase its positive influence and reduce its negative activity towards society (Parks, 2008). The business approach and corporate philosophy of an organization is easily altered due to economic pressures, technological improvement and stakeholder needs and demands. "Going green" or being eco-friendly is one such demand. Environmental and sustainability concerns originate most often from governments, consumer activists, and the general public (Schlosser, 2008). Thus, organizations must implement sustainability into daily practices. In addition, sustainability alters the nature of competition and drives companies to think differently about products, processes, and technologies (Parks, 2008).

This task examines the ABC case study “Inside The Square”. The primary objective of the report was to analyses the application of project management body of knowledge (PMBOK) in complex projects like the case study. The topic was researched through extensive sources including government bodies, course materials and other sources to provide the relevant information.

Relevant information for the report is obtained from other companies who take into consideration sustainable issues, additionally, books and academic journals will also be useful resources.

Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the

The Dow Jones Sustainability Index (DJSI) was launched in 1999, making its name as the world’s first leading global benchmark for sustainability. This index consists of the top 10% of the largest 2,500 companies in terms of sustainability. Corporate sustainability is the business approach that formulates long-term shareholder value by grasping opportunities and controlling risks created from economic, environmental and social development. Sustainability serves as opportunities and risks that companies must adjust to and is critical to the creation of long-term shareholder value, especially in an increasingly resource constrained world. The DJSI has become an effective engagement platform as it encourages competition among companies for a

Executives across the world believe that business plays a wider role in society and has responsibility to address issues such as environmental concerns beyond just following the law to minimize pollution. More and more companies now watch the benchmark of how they benefit, not just the profits, but also employees and the environment as a whole. Companies realize they have to take bold steps to minimize their carbon footprint, create environmentally friendly products and manage the company for more than just the next quarter’s profits.

During the semester, we learned a lot about corporate sustainability report in business and how important it is for people and environment. I realized the huge impact of this issue and some companies do a well job in sustainability. Economy, society, and environment are three major concepts in sustainability and play important roles in business world. All the companies are trying to achieve highest profits and market shares in their industry, but some of them ignore the environment and society which means they are not ethical or harmful to environment. Although they could gain profits in some way, their reputation will be damaged in a long-term period. Thus, finding a balance between those three initiatives becomes critical necessary to be successful.

Thank you for giving me the opportunity to work with your organization and engage with the team of the software development project. As agreed, I have examined the strengths and weaknesses of the project and analyzed the main factors that contribute to the current state of project. My independent assessment of the project and practices related to it is based on the Project Management Body of Knowledge industry standard and is grounded in information that I have gathered from team members.

As part of the Defence integrated workforce, I would like to work under the broad direction of the project manager independently with the opportunity for reasonable autonomy and accountability for the achievement of project outcome along with best practices in project management methodologies.