DTU ProjectLab - User contributions [en-gb]

Projects integrating Sustainable Methods (PRiSM)

2019-04-25T13:36:45Z

Hannah:

''Developed by Hannah Kuerschner''
== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. The 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standards)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name=PMBOK>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref name =PMBOK/> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights 
*Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4: 5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>

=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centres through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a helpful tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T13:06:29Z

Hannah: Blanked the page

Articles Spring Term 2019

2019-03-02T13:02:15Z

Hannah:

=Overview of 2019 Wiki articles=

{| class="wikitable sortable"
|+Spring Term 2019 Wiki Articles
|5
|Tariq
|Alsalty
|s180245
|[[Measuring Project Success Beyond The Iron Triangle]]
|-
|-
|13
|Dimitrios
|Kokkinopoulos
|s182528
|[[Due Diligence on Wind Farm Assets]]
|-
|-
|13
|Evgenia
|Chatzivasileiou
|s182299
|[[Project Sponsorship]]
|-
|-
|13
|Theodoros
|Seremetakis
|s183272
|[[Investment portfolio management]]
|-
|5
|Federica
|Menti
|S182994
|[[Getting Things Done in Project Management: The Five Phases of Project Planning]]
|-

|-
|7
|Love
|Berger-Vieweg
|s143883
|[[Goal hierarchy or Goal Breakdown Structure]]
|-

|-
|2
|Panagiotis
|Vounatsos
|PanosVoun
|[[Epistemic vs. Aleatory uncertainty]]
|-
|-
|9
|Jack
|Frain
|Fraino12345
|[[Stakeholder Management Processes in Projects]]
|-
|-
|14
|Alexandros
|Bellos
|AlexBellos
|[[Effective Brainstorming]]
|-
|-
|3
|Edoardo
|Braccini
|EdoBraa
|[[Benefits Realisation Management (BRM)]]
|-
|-
|2
|Andrea
|Könnecke
|Andrea Könnecke
|[[Shannon & Weaver Model for Communication]]
|-
|-
|Group 10
|Srdjan
|Gluhovic
|srdjangluhovic
|[[Project Scope Control Management]]
|-
|-
|11
|Casper
|Claudinger
|Casper
|[[Managing projects in a functional organization]]
|-
|-
|8
|Ronglian
|Wei
|Panda Lian
|[[Conceptual levels of competence]]
|-
|-
|4
|Jesper
|Wolters
|Wolters
|[[Resource allocation and crashing]]
|-
|-
|3
|Oliwia
|Sonia
|Lubiarz
|[[Meeting Management]]
|-
|-
|1
|Francisco
|Almirudis
|Frank Almirudis
|[[Scheduling: Critical path, PERT and Gantt]]
|-
|-
|3
|Bartlomiej
|Tyczynski
|s182559
|[[Output,Outcome and Benefit]]
|-
|-
|16
|Brynja
|Benediktsdóttir
|Brynja Ben.
|[[The Periodic Table of Project Management]]
|-
|-
|16
|Jonina Thora
|Einarsdottir
|Jonina Thora
|[[Project Management Success Factors]]
|-
|-
|Group Number 5
|Pedro
|Lopes da Cunha
|PedroLopesCunha
|[[Project Management: Cost vs. Price]]
|-
|-
|1
|Sarantis
|Pavlidis
|Sarantis
|[[Team Development]]
|-
|-
|14
|Rikke
|Andersen
|RikkeA
|[[Cognitive Bias]]
|-
|-
|12
|Johan
|Hilsøe
|s154073
|[[Unidentified Risks]]
|-
|-
|Group Number Pending
|Mads
|Kronholm
|Mads Kronholm
|[[DMAIC]]
|-
|-
|Group 11
|Anne
|Dittmann
|Anne
|[[The importance of Organizational Structures in Portfolio Management]]
|-
|-
|12
|Thea
|Pedersen
|Thea
|[[Agile One Page Project Management]]
|-
|-
|13
|Madalina
|Grigoras
|s186465
|[[Value to whom?]]
|-
|-
|4
|Martin
|Eberholst Carlsen
|Martineberholstcarlsen
|[[Project Initiation Management in construction]]
|-
|-
|6
|Rasmine
|Søgren
|s145320
|[[Outcome]]
|-
|-
|6
|Julie
|Rostgaard Andersen
|s123790
|[[Use of Business Model Canvas to Kickstart the project management]]
|-
|-
|8
|Dilan
|Casablanca
|Dilan Casablanca
|[[SWOT analysis for Prefabrication Housing Production]]
|-
|5
|Sandro
|Pina
|SandroPina
|[[Create a pitch]]
|-
|-
|11
|Kristoffer
|Glahn
|s133378
|[[Project Vision Statement]]
|-
|-
|Group Number 8
|Maria Christina
|Prokou
|Mprokou
|[[Negotiation Skills]]
|-
|-
|3
|Habib (Seyed)
|Bahrami
|Habib
|[[Project Uniqueness]]
|-
|-
|12
|Amani
|Alabdullah
|s173307
|[[Integrated Project Delivery (IPD)]]
|-
|-
|12
|Andreas
|Riposati
|Ripo
|[[Basic estimation techniques]]
|-
|-
|10
|Mark
|Christiansen
|s152736
|[[Stephen Covey's seven principles]]
|-
|-
|6
|Signe
|Bjerrum
|s141886
|[[The Triple Constraint in Project Management]]
|-
|-
|9
|Sebastian
|Walther
|Sebastian
|[[Value Canvas in Projects]]
|-
|-
|9
|Keegan
|van Kooten
|Keegan
|[[Planning Poker for Improved Project Delivery]]
|-
|-
| 8
|Hagos Zeru
|Gide
|Trhas
|[[BIM as a project management tool on construction companies]]
|-
|-
|-
|-
|7
|William
|Durant
|Mangum
|[[Crisis Management in Construction Projects]]
|-
|-
|-
|9
|Shri Tejas
|Vedula
|Tehass 7
|[[The implementation of KPIs]]
|-
|-
|9
|Casper
|Gandil Qvortrup
|CasperGandil
|[[Application of Balanced Scorecard in Portfolio Management]]
|-
|-
|12
|Veronika Zsuzsanna
|Bankó
|Veronikabanko
|[[Determining Measurement Methods in Earned Value Management]]
|-
|-
|Group Number Pending
|Mercedes
|Hachmann
|Mercedes Hachmann
|[[Design Thinking]]
|-
|-
|Group 1
|Rasmus
|Bjerg
|Rasmusbjerg
|[[Cash flow and milestone payments]]
|-
|-
|15
|Moritz
|Gutheil
|MoritzGutheil
|[[Dan Pink on Motivation]]
|-
|-
|Group 5
|Giorgia
|Scartozzi
|GiorgiaS
|[[Resource-Constrained Critical Path Method]]
|-
|-
|Group 3
|Hannah
|Kürschner
|Hannah
|[[Projects integrating Sustainable Methods (PRiSM)]]
|-
|-
|Group 17
|Daniel
|Vorting
|s141018
|[[Product family master plan]]
|-
|-
|Group 10
|André
|Condamine
|S173349
|[[Belbin's Team Roles]]
|-
|-
|7
|Kristine
|Kaulberg
|Kristbk
|[[Governance of Project Management]]
|-
|Group Number 17
|Sai Mahesh
|Nadukuru
|Sm nadukuru
|[[Process Planning and Cost Estimation]]
|-
|-
|7
|Gustav
|Josephsen
|Gustav Josephsen
|[[Potentials of Key Performance Indicators]]
|-
|-
|11
|Rikke Louise Kjær
|Knudsen
|RikkeK
|[[Milestones in Project Planning]]
|-
|-
|2
|Heðin
|Gunnarsstein Poulsen
|hedinp
|[[Resources in Project Management]]
|-
|-
|3
|Isabel
|Wang
|isabel.w
|[[Benefits Realization Management as a key driver of Project Management Effectiveness]]
|-
|12
|Frederik
|Sørensen
|FTSN
|[[Hersey and Blanchard's Situational Leadership]]
|-
|4
|Simon
|Muurholm Hansen
|Muurholm
|[[Performance-based contracting]]
|-
|6
|Charles
|Hemmingsen
|s122801
|[[Programmification of work]]
|-
|17
|Alberto
|Tognon
|s172420
|[[Project Management in pharmaceutical industry]]
|-
|17
|Stefano
|Di Lenardo
|s190056
|[[Risk management in industry 4.0]]
|-
|5
|Arndt Johannes
|Oschinsky
|AJO
|[[The Project Charter]]
|-

|16
|Dana Rut
|Gunnarsdóttir
|s180289
|[[Project Management Reporting]]
|-

|-
|8
|Anna
|Shevchenko
|Anutka
|[[SAFe]]
|-

|-
|1
|Thomas
|Boel
|Morning
|[[Cost Control]]
|-

|-
|6
|Ole
|Moe
|s186359
|[[Prince2]]
|-

|-
|2
|Nikolaj
|Petersen
|s173344
|[[Managing habits in a project]]
|-

|-
|15
|Sofie
|Martinussen
|Sofie Martinussen
|[[Improve communication with active listening]]
|-

|-
|2
|Sophia
|Nielsen
|s114901
|[[Adaptive Project Management]]
|-

|-
|10
|Costanza
|Sesti
|Costanza Sesti
|[[Systems Theory in Project Management]]
|-
|-
|-
|7
|Mathias
|Steuch
|Msteuch
|[[SMART goals - A Project Manager Tool]]
|-
|-
|-
|16
|Marie
|Bukkholm
|s182741
|[[Resource breakdown structure]]
|-
|-
|16
|Karina
|Kindingstad
|Karina
|[[Benefits of systems engineering]]
|-
|-
|16
|Robert
|Kjønås
|RobertK
|[[Human behaviors in scheduling]]

|-
|-
|15
|Andreas
|Tuxen
|S153408
|[[Requirements management using SysML]]
|-
|-
|-
|3
|Helene
|Gravdal
|S182610
|[[Key performance indicator (KPI)]]
|-
|17
|Rajat
|Kumar
|S181289
|[[Risk Log]]
|-
|-
|9
|Osman Furkan
|Simsek
|S182730
|[[Maslow's Hierarchy of Needs and Project Management]]
|-
|1
|Søren
|Bojesen
|s135284
|[[Evolutionary purpose as motivational driver in project and programme management]]
|-
|15
|Mads Mohr
|Madsen
|s144416
|[[Application of Agile]]
|-
|-
|7
|Helena Brandt
|Rejndrup
|S145492
|[[Leadership vs. management]]
|-
|-
|Group 13
|Behzad
|Sanie
|S122919
|[[Dependency in project management]]
|-
|-
|1
|Kevin
|Lim
|s123368
|[[What is SWOT]]
|-
|-
|1
|Alexander
|Bagge
|s123908
|[[Risk identification methods]]
|-
|-
|7
|Mie Cuhre
|Anker
|s143895
|[[Optimism bias, Strategic Misinterpretation and Reference Class Forecasting (RCF)]]
|-
|-
|10
|Martin
|Kirk
|s162004
|[[Communication and Media Richness Assurance in High-performance Projects]]
|-
|-
|11
|Birita
|Poulsen
|s144296
|[[Designing Organizational Structure]]
|-
|-
|13
|Simone
|Bruhn
|s152998
|[[Gantt chart and Scheduling techniques]]
|-
|-
|14
|Rasmus
|Vedel
|S143855
|[[Conflict Resolution in Project Management]]
|-
|-
|11
|Lars Brandt
|Holst
|s180230
|[[Quality Management Systems]]
|-
|-
|4
|Tianhao
|Chen
|Tianhao
|[[Actions element]]
|-
|-
|15
|Tom
|Ruetgers
|Tom_Ruetgers
|[[Crisis management]]
|-
|-
|4
|Jokin
|Brito
|s182753
|[[A Guide to Risk Management in Construction Projects]]
|-
|-

|10
|Sune
|Baldus
|Sunebaldus
|[[SMART Goals and Objectives]]
|-
|-
|8
|Bashir
|Isse
|BJI
|[[The Stage-Gate Model/phase-gate process]]
|-
|-
|4
|Steffen
|Hansen
|s143889
|[[Context element]]
|-
|-
|8
|Maria
|Stefaniotou
|s182780
|[[Followership]]
|-
|-
|14
|Athanasios
|Fotis
|s183158
|[[Work Breakdown Structure (WBS) in Project Management]]
|-
|-
|14
|Maria
|Panousi
|s185482
|[[Stakeholder analysis]]
|-
|-
|14
|Yulisa
|Gutierrez
|s186511
|[[Emotional Intelligence as a tool for Project Managers]]

Projects integrating Sustainable Methods (PRiSM)

2019-03-02T13:01:01Z

Hannah: Created page with "== Abstract == Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable. S..."

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. The 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standards)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name=PMBOK>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref name =PMBOK/> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights 
*Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4: 5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>

=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centres through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a helpful tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T12:58:53Z

Hannah: /* Evolution */

Projects integrating Sustainable Methods

2019-03-02T12:13:33Z

Hannah: /* Principles */

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standards)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name=PMBOK>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref name =PMBOK/> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights 
*Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4: 5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>

=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centres through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a helpful tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T12:04:54Z

Hannah: /* 5P Standards */

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standards)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name=PMBOK>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref name =PMBOK/> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights 
*Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4: 5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>

=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a helpful tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T12:04:01Z

Hannah: /* 5P Standards */

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standards)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name=PMBOK>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref name =PMBOK/> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights 
*Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>

=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a helpful tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T11:52:55Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standards)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name=PMBOK>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref name =PMBOK/> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a helpful tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T11:21:09Z

Hannah: /* Limitations */

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standrads)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name=PMBOK>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref name =PMBOK/> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a helpful tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T11:20:04Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standrads)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name=PMBOK>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref name =PMBOK/> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T11:18:19Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standrads)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T11:17:41Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating and implementing values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The whole model is according to its authors, based on ISO standards. This gives the model a normative framework and supports it reliability. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standrads)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, because wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. <ref name = PMBOK >Project Management Institute, Inc., (2017). Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th Edition), The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T10:52:09Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The ISO standard helps here to get an overview of the processes in project management, which are included in the PRiSM model. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standrads)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes 6 Principles which help companies to implement the whole ideology of a sustainable management process into their company.
 
'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T10:48:45Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The ISO standard helps here to get an overview of the processes in project management, which are included in the PRiSM model. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standrads)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>
 
'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations.
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PRiSM as proven to be a successful tool in the process of project management, nonetheless it is vital to critically analyze the outcomes the model provides regarding projects risks and opportunities. A model never replaces critical thinking and experienced managers. But it is a tool that supports managers in essential decisions. <ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T10:31:26Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The ISO standard helps here to get an overview of the processes in project management, which are included in the PRiSM model. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standrads)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>

'''The Output to Benefits Lifecycle'''
[[File:Bildschirmfoto 2019-02-23 um 20.38.14.png|frame|x200px|alt=The Output to Benefit Lifecycle|Figure 5: The Output to Benefit Lifecycle, inspired by GPM <ref name = GPM/>]]
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

File:Bildschirmfoto 2019-02-23 um 20.38.14.png

2019-03-02T10:27:43Z

Hannah:

Projects integrating Sustainable Methods

2019-03-02T10:25:50Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The ISO standard helps here to get an overview of the processes in project management, which are included in the PRiSM model. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (see: paragraph Methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. Also here the 5P standards need to be implemented in the way that they are part of the whole process and its product. (see: paragraph 5P Standrads)
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety). With using the PRiSM GPM Model the model itself functions as supporter.
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success point of view, as from a social, environmental and an economic perspective. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T10:12:11Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefore the American company GPM developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification (PRINCE2 Principle), which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons learned and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards (Project, Process, People, Planet and Prosperity), which bring together UN sustainable development goals and project management.
This is done first on a basic level, such as stating values such as healthy labor practices, human rights, local procurement to reduce CO2 emissions or caring about the local economic impact of projects. But the Moore complex part is to implement these values on all levels of management to turn the whole project and its product into a sustainable outcome.
The ISO standard helps here to get an overview of the processes in project management, which are included in the PRiSM model. As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process. These activities and management processes are in the PRiSM model selected through the first step: Identification (explained in detail in the paragaraph methodology)
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-03-02T09:53:12Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed method to make the process of project management more sustainable.
Sustainability is one of the main topics in the 21st century. Therefore it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to develop more resourceful products and to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the limitations of the model and what it cannot cover. This will be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Talk:BIM as a project management tool on construction companies

2019-02-26T10:45:14Z

Hannah:

==Feedback on Abstract==

{|
|'''Text clarity'''|| Good but needs improvement. Also attention to punctuation and capital letters
|-
|'''Description of the tool/theory/concept'''|| Good
|-
|'''Explanation of the purpose of the article'''|| Ok
|-
|'''Relevance to curriculum'''|| Good
|-
|'''References'''|| Missing references. Here are the guidelines from DTU Library: https://www.bibliotek.dtu.dk/english/servicemenu/find/reference_management/references
|-
|'''Other'''|| Write the complete name of the method before writing only the initials. Example: Building Information Model (BIM)

|}

==Feedback 1 | Reviewer name: ''Hannah Kürshcner''==
===Question 1 · TEXT===
'''Quality of the summary:'''

Does the summary make the key focus, insights and/or contribution of the article clear?

What would you suggest to improve?

===Answer 1===
''Answer here''

===Question 2 · TEXT===
'''Structure and logic of the article:'''

Is the argument clear? Yes

Is there a logical flow to the article? Yes

Does one part build upon the other? Yes

Is the article consistent in its argument and free of contradictions? Yes

What would you suggest to improve? -

===Answer 2===
''Answer here''

===Question 3 · TEXT===
'''Grammar and style:'''

Is the writing free of grammatical and spelling errors? Some small mistakes

Is the language precise without unnecessary fill words?

What would you suggest to improve?

===Answer 3===
''Answer here''

===Question 4 · TEXT===
'''Figures and tables:'''

Are figures and tables clear?

Do they summarize the key points of the article in a meaningful way?

What would you suggest to improve?

===Answer 4===
''Answer here''

===Question 5 · TEXT===
'''Interest and relevance:'''

Is the article of high practical and / or academic relevance?

Is it made clear in the article why / how it is relevant?

What would you suggest to improve?

===Answer 5===
''Answer here''

===Question 6 · TEXT===
'''Depth of treatment:'''

Is the article interesting for a practitioner or academic to read?

Does it make a significant contribution beyond a cursory web search?

What would you suggest to improve?

===Answer 6===
''Answer here''

===Question 7 · TEXT===
'''Annotated bibliography:'''

Does the article properly cite and acknowledge previous work?

Does it briefly summarize the key references at the end of the article?

Is it based on empirical data instead of opinion?

What would you suggest to improve?

===Answer 7===
''Answer here''

Talk:BIM as a project management tool on construction companies

2019-02-26T10:44:00Z

Hannah:

==Feedback on Abstract==

{|
|'''Text clarity'''|| Good but needs improvement. Also attention to punctuation and capital letters
|-
|'''Description of the tool/theory/concept'''|| Good
|-
|'''Explanation of the purpose of the article'''|| Ok
|-
|'''Relevance to curriculum'''|| Good
|-
|'''References'''|| Missing references. Here are the guidelines from DTU Library: https://www.bibliotek.dtu.dk/english/servicemenu/find/reference_management/references
|-
|'''Other'''|| Write the complete name of the method before writing only the initials. Example: Building Information Model (BIM)

|}

==Feedback 1 | Reviewer name: ''Hannah Kürshcner''==
===Question 1 · TEXT===
'''Quality of the summary:'''

Does the summary make the key focus, insights and/or contribution of the article clear?

What would you suggest to improve?

===Answer 1===
''Answer here''

===Question 2 · TEXT===
'''Structure and logic of the article:'''

Is the argument clear?

Is there a logical flow to the article?

Does one part build upon the other?

Is the article consistent in its argument and free of contradictions?

What would you suggest to improve?

===Answer 2===
''Answer here''

===Question 3 · TEXT===
'''Grammar and style:'''

Is the writing free of grammatical and spelling errors?

Is the language precise without unnecessary fill words?

What would you suggest to improve?

===Answer 3===
''Answer here''

===Question 4 · TEXT===
'''Figures and tables:'''

Are figures and tables clear?

Do they summarize the key points of the article in a meaningful way?

What would you suggest to improve?

===Answer 4===
''Answer here''

===Question 5 · TEXT===
'''Interest and relevance:'''

Is the article of high practical and / or academic relevance?

Is it made clear in the article why / how it is relevant?

What would you suggest to improve?

===Answer 5===
''Answer here''

===Question 6 · TEXT===
'''Depth of treatment:'''

Is the article interesting for a practitioner or academic to read?

Does it make a significant contribution beyond a cursory web search?

What would you suggest to improve?

===Answer 6===
''Answer here''

===Question 7 · TEXT===
'''Annotated bibliography:'''

Does the article properly cite and acknowledge previous work?

Does it briefly summarize the key references at the end of the article?

Is it based on empirical data instead of opinion?

What would you suggest to improve?

===Answer 7===
''Answer here''

Talk:Project Uniqueness

2019-02-24T19:28:09Z

Hannah: Created page with "==Feedback 1 | Reviewer name: ''Hannah Kürschner''== ===Question 1 · TEXT=== '''Quality of the summary:''' Does the summary make the key focus, insights and/or contribution..."

==Feedback 1 | Reviewer name: ''Hannah Kürschner''==
===Question 1 · TEXT===
'''Quality of the summary:'''

Does the summary make the key focus, insights and/or contribution of the article clear?
Yes it point it out in a good way.

What would you suggest to improve?
Keep in mind the article should explain the method and should not advertise it.

===Answer 1===
''Answer here''

===Question 2 · TEXT===
'''Structure and logic of the article:'''

Is the argument clear?
Yes the argument is clear, but a bit repetitive in the beginning.

Is there a logical flow to the article?
Yes the structure is logical and good understandable.

Does one part build upon the other?
Yes they built up ion one another.

Is the article consistent in its argument and free of contradictions?
Yes it is

What would you suggest to improve?
The Introduction paragraph is repetitive to the abstract.

===Answer 2===
''Answer here''

===Question 3 · TEXT===
'''Grammar and style:'''

Is the writing free of grammatical and spelling errors?
In the beginning are some minor grammar mistakes.

Is the language precise without unnecessary fill words?
Yes it is explained in a good way.

What would you suggest to improve?
Read through it again.

===Answer 3===
''Answer here''

===Question 4 · TEXT===
'''Figures and tables:'''

Are figures and tables clear?
Yes

Do they summarize the key points of the article in a meaningful way?
Yes they do

What would you suggest to improve?
Nothing

===Answer 4===
''Answer here''

===Question 5 · TEXT===
'''Interest and relevance:'''

Is the article of high practical and / or academic relevance?
Yes very much

Is it made clear in the article why / how it is relevant?
Yes

What would you suggest to improve?
-

===Answer 5===
''Answer here''

===Question 6 · TEXT===
'''Depth of treatment:'''

Is the article interesting for a practitioner or academic to read?
yes

Does it make a significant contribution beyond a cursory web search?
yes

What would you suggest to improve?
-

===Answer 6===
''Answer here''

===Question 7 · TEXT===
'''Annotated bibliography:'''

Does the article properly cite and acknowledge previous work?
yes very good

Does it briefly summarize the key references at the end of the article?
yes

Is it based on empirical data instead of opinion?
yes mostly (introduction)

What would you suggest to improve?
introduction seems a bit like an advertisement

===Answer 7===
''Answer here''

Projects integrating Sustainable Methods

2019-02-24T15:07:01Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref name = Auchey/>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref name = GPM/>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref name = GPM/>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref name = GPM/>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.<ref name = GPM/>

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref name = Auchey />

==References==
<references />

==Bibliography==

'''William R. Duncan (1996): PMBOK® Guide (A Guide to The Project Management Body of Knowledge)''' 
Describing the optimal way to manage and succeed in managing projects.

'''Silvius G., Schipper R., et.al. (2016): Sustainability in Project Management (Advances in Project Management)''' 
Gives an insight in the topic of sustainability in management.

'''Carboni J.B., Ducan W., et.al. (2018): Sustainable Project Management: The GPM Reference Guide''' 
GPM is an American organization which developed the PRiSM Model.

Projects integrating Sustainable Methods

2019-02-24T14:50:20Z

Hannah:

Projects integrating Sustainable Methods

2019-02-24T14:43:29Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref name = Auchey/>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey />]]
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:40:30Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name = Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey </ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:37:37Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM/ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey </ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:35:18Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey </ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:33:24Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref name = Farooq >Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref name = GPM >GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref name=Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref name AXELOS >AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref name = GPM</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey </ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:30:36Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref name =Farooq >Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers (See Figure 1). Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.

<ref name=Auchey >Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref name = Auchey </ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:21:39Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
[[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable.
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:19:59Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
 
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
 
The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:18:47Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|center|x500px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:16:18Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]]
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|left|x600px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:14:43Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] [[File:Bildschirmfoto 2019-02-23 um 20.38.25.png|frame|x200px|alt=Extract of Project analyzing priority evaluation|Figure 3:Extract of Project analyzing priority evaluation, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
[[File:Bildschirmfoto 2019-02-23 um 20.38.32.png|frame|x600px|alt=5P Standards|Figure 4:5P Standards, inspired by GPM <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

File:Bildschirmfoto 2019-02-23 um 20.38.32.png

2019-02-24T14:11:43Z

Hannah:

File:Bildschirmfoto 2019-02-23 um 20.38.25.png

2019-02-24T14:08:26Z

Hannah:

Projects integrating Sustainable Methods

2019-02-24T14:06:59Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

” On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
'''Output''' 
::The delivery, or output developed by a project from a planned activity.
'''Capability''' 
::The completed set of project outputs required to deliver an outcome; exists prior to transition.
'''Outcome''' 
::A new operational state achieved after transition of the capability into live operations
'''Benefit''' 
::The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T14:03:33Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control.
 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action 
*The 2030 Agenda for Sustainable Development
 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations:
 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste
 

''On financial basis P5 values economic costs, benefits and risks on project management. The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.” <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

'''The Output to Benefits Lifecycle'''
 
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

'''Commitment and Responsibility''' 
::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power''' 
::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency''' 
::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources''' 
::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity''' 
::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity''' 
::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:
 

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:57:40Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights
 
*United Nations Convention: International Covenant on Civil and Political Rights
 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW)
 
*ILO Declaration on Fundamental Principles and Rights at Work 105
 
*Vienna Declaration and Program of Action
 
*The 2030 Agenda for Sustainable Development
 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

::'''Commitment and Responsibility''' 
::::::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

::'''Ethics and Decision-making Power''' 
::::::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

::'''Integration and Transparency''' 
::::::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

::'''Development of Resources''' 
::::::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

::'''Social and Ecological Equity''' 
::::::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

::'''Economic Prosperity''' 
::::::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:56:42Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 
 

'''Project management processes:''' 
::They are specific for project management and state how activities are selected and managed within the process.
 
'''Delivery processes:''' 
::They are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
'''Support processes:''' 
::They are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety).
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
'''1.Identification''' 
::The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The ::series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s ::requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
'''2. Analysis''' 
::“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management ::body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the ::highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
::When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical ::axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 ::um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
'''3. Monitoring''' 
::As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, ::transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk ::responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to ::reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
'''4. Control''' 
::The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former ::projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, ::South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards:
 
*United Nations Universal Declaration of Human Rights
 
*United Nations Convention: International Covenant on Civil and Political Rights
 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW)
 
*ILO Declaration on Fundamental Principles and Rights at Work 105
 
*Vienna Declaration and Program of Action
 
*The 2030 Agenda for Sustainable Development
 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

::'''Commitment and Responsibility''' 
::::::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

::'''Ethics and Decision-making Power''' 
::::::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

::'''Integration and Transparency''' 
::::::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

::'''Development of Resources''' 
::::::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

::'''Social and Ecological Equity''' 
::::::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

::'''Economic Prosperity''' 
::::::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:51:32Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 

::::Project management processes: they are specific for project management and state how activities are selected and managed within the process
 
::::Delivery processes: they are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable.
 
::::Support processes: they are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety)
 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
1.Identification 
The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
2. Analysis 
“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
3. Monitoring 
As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
4. Control 
The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards: 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action. 
*The 2030 Agenda for Sustainable Development 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

::'''Commitment and Responsibility''' 
::::::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

::'''Ethics and Decision-making Power''' 
::::::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

::'''Integration and Transparency''' 
::::::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

::'''Development of Resources''' 
::::::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

::'''Social and Ecological Equity''' 
::::::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

::'''Economic Prosperity''' 
::::::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:48:25Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 

*Project management processes: they are specific for project management and state how activities are selected and managed within the process 
*Delivery processes: they are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. 
*Support processes: they are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety) 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
1.Identification 
The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
2. Analysis 
“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
3. Monitoring 
As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
4. Control 
The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards: 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action. 
*The 2030 Agenda for Sustainable Development 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

::'''Commitment and Responsibility''' 
::::::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

::'''Ethics and Decision-making Power''' 
::::::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

::'''Integration and Transparency''' 
::::::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

::'''Development of Resources''' 
::::::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

::'''Social and Ecological Equity''' 
::::::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

::'''Economic Prosperity''' 
::::::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:47:18Z

Hannah: /* Principles */

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 

*Project management processes: they are specific for project management and state how activities are selected and managed within the process 
*Delivery processes: they are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. 
*Support processes: they are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety) 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
1.Identification 
The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
2. Analysis 
“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|left|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
3. Monitoring 
As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
4. Control 
The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards: 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action. 
*The 2030 Agenda for Sustainable Development 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

::'''Commitment and Responsibility''' 
::::::Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

::'''Ethics and Decision-making Power''' 
::::::Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

::'''Integration and Transparency''' 
::::::Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

::'''Development of Resources''' 
::::::Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

::'''Social and Ecological Equity''' 
::::::Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

::'''Economic Prosperity''' 
::::::Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:44:33Z

Hannah: /* Principles */

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 

*Project management processes: they are specific for project management and state how activities are selected and managed within the process 
*Delivery processes: they are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. 
*Support processes: they are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety) 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
1.Identification 
The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
2. Analysis 
“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|left|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
3. Monitoring 
As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
4. Control 
The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards: 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action. 
*The 2030 Agenda for Sustainable Development 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.

“'''Commitment and Responsibility'''
Recognize the right to a safe, clean and healthy environment, equal opportunities, fair remuneration, ethical supplies and respect for the rule of law.

'''Ethics and Decision-making Power'''
Support organizational ethics and decision-making in accordance with universal principles through the identification, alleviation and prevention of short- and long-term harmful impacts on society and the environment.

'''Integration and Transparency'''
Encourage interdependence between economic development, social integrity and environmental protection in all aspects of management, practice and monitoring.

'''Development of Resources'''
Maintain and enhance our natural resources by improving the way we develop and use technologies and resources.

'''Social and Ecological Equity'''
Evaluate human vulnerability in ecologically sensitive areas and population centers through demographic dynamics.

'''Economic Prosperity'''
Establish budgetary strategies and targets that balance stakeholder needs by including immediate needs as well as those of future generations.”

==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:41:25Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 

*Project management processes: they are specific for project management and state how activities are selected and managed within the process 
*Delivery processes: they are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. 
*Support processes: they are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety) 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
1.Identification 
The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
2. Analysis 
“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|left|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
3. Monitoring 
As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
4. Control 
The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards: 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action. 
*The 2030 Agenda for Sustainable Development 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.
==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:40:39Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 

*Project management processes: they are specific for project management and state how activities are selected and managed within the process 
*Delivery processes: they are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. 
*Support processes: they are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety) 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
1.Identification 
The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
2. Analysis 
“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate:
 
When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]] 
3. Monitoring 
As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
4. Control 
The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards: 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action. 
*The 2030 Agenda for Sustainable Development 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.
==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:38:38Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 

*Project management processes: they are specific for project management and state how activities are selected and managed within the process 
*Delivery processes: they are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. 
*Support processes: they are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety) 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
1.Identification 
The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
2. Analysis 
“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate: [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x200px|alt=Extract of Project analyzing questions|Figure 2: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]]
 
When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
3. Monitoring 
As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
4. Control 
The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards: 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action. 
*The 2030 Agenda for Sustainable Development 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.
==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
<references />

Projects integrating Sustainable Methods

2019-02-24T13:36:44Z

Hannah:

== Abstract ==
Projects integrating Sustainable Methods, short PRiSM is a relatively new (2013) developed Method to make the process of project management more sustainable.
As this is one of the main topics in the 21st century it is no surprise sustainability reached also the process of project management. This model was developed by an American company called GPM Global (Green Project Management). With integrating the UN Sustainable development goals (SDG) in the profession of Project Management (PM) they give companies the tool to not only develop more resourceful products, but to reduce the negative ecological and social impact of projects. Applicable is the PRiSM mainly in real estate development, construction or infrastructure projects.
In the following article the evolution of the PRiSM model will be illuminated with the details about how sustainability is integrated and how this changes the way managing projects. Furthermore, the model itself will be explained to understand the methodology of the PRiSM. Even though this method improves the complex process and helps to create better products, it is necessary to be aware of the models limits and what it cannot cover, which is to be described in the last part of this article.<ref>Farooq U.What is the PRiSM Methodology?:Principles and Process of PRISM[Internet].2017 Sep 19 [cited 2019 Feb 15].Available from:http://www.businessstudynotes.com/finance/project-management/prism-methodology-principles-process-prism/</ref>

== Evolution ==
The main topic when managing a project was, and in many cases still is, how to develop a high-quality product within time, scope and cost. Therefore, the Triple constraint model is still a valid basis for project managers. Nonetheless, there are different approaches to not only satisfy the customer with an “on-time, in-scope and low-cost product” but making the whole process more sustainable. [[File:Bildschirmfoto 2019-02-23 um 20.38.07.png|thumb|right|x400px|alt=Sustainable values integrated in Triple Constraint model|Figure 1: Sustainable values integrated in Triple Constraint model, inspired by GPM Global <ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>]]
=== Basic idea ===
GPM developed the PRiSM as a holistic approach, which aims for a long-term sustainability for People, Planet, Prosperity, Product and Process (P5 Standards). With well-defined PRiSM Principles, which will be focused on later, GPM developed a tool that simplifies the process of project management by organizing and quantifying project selection in a format that is easy to store and retrieve. Therefor the American company developed a list of specific questions (Step 1: Identification), which help to overcome one of the main difficulties in Project management the customization to specific company operations. This step can be aligned with one of the seven PRINCE2 Principles of project management: Continued business justification, which suggests starting a project only on the basis of reasonable justification, which should be recorded and approved. The model provides in addition a systematic approach to choose an appropriate course of action (PRINCE2 Principle: Learn from experience), by assessing potential positive and negative risks. This way lessons and critical knowledge can be stored and easily accessed when a similar project is coming up.<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref><ref>AXELOS AXELOS (2017).Managing Successful Projects with PRINCE2 2017 Edition.The Stationery Office Ltd</ref>

=== Sustainability and Management ===
Bringing management and sustainability together in one concept might, at first sight, not seem the most obvious to do. Nonetheless GPM (Green Project Management) developed the so called 5P Standards, which bring together UN sustainable development goals and project management.

As the ISO 21500 Guidance on Project Management states “a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end dates, performed to achieve project objectives. Achievement of the project objectives requires the provision of deliverables conforming to specific requirements.” (ISO 21500:2012).
Also categorizes ISO 21500:2012 processes in projects into three major types:
 

*Project management processes: they are specific for project management and state how activities are selected and managed within the process 
*Delivery processes: they are not only applicable in project management. They result in the specification and provision of a product, service, or result. And they vary depending on the particular project deliverable. 
*Support processes: they are not only applicable in project management. They provide valuable support to product and project management processes (e.g. logistics, finance, accounting and safety) 

With applying the PRiSM GPM Method in these project management processes, managers are able to determine and evaluate the level of sustainability in management processes. And with grouping these processes with a sequential method, into four phases the PRiSM Model ensures the best outcome. As well as from a project success pint of view, as from a social, environmental and economic one. This grouping differs from the ISO 21500.2012, which divides the process into five groups: initiating, planning, implementing, controlling and closing.<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>

==Methodology ==
As Risk Management is a necessary part of managing a project, as a wrong risk management leads in most cases to a project failure. PRiSM was developed on the basis of the classical risk management process, which include the following four steps, as presented in the PMBOK® Guide: 1. Identification 2. Analysis 3. Monitoring 4. Control. 
1.Identification 
The PRiSM Model is used as a tool that simplifies the process of risk identification. This includes positive risks (opportunities) and negative risks (threats). Therefore users of the PRiSM answer a set of specified questions, which are customized to each company and project. The series of approximately 40 questions will help to identify threats (20 questions) and opportunities (20 questions) of and potential project. Developing this questionnaire needs as many stakeholders as possible, who develop and review the questions to ensure they fit the company’s requirements. Important is that the questions suit a single project, but they also have to be applicable to several projects in order to create a comparability, which is used for a future project identification. 
2. Analysis 
“Perform Qualitative Risk Analysis is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristic.” <ref>Project Management Institute (2017).A guide to the project management body of knowledge (PMBOK guide).Newtown Square, Pennsylvania</ref> This analysis is subjective as the value assigned to each question is based on individual prejudices and utility values. Based on the utility theory, which assumes that the best choice is the one which brings the highest satisfaction to the decision maker. Quantifying the questions can be done by using value scales as the following examples illustrate: [[File:Bildschirmfoto 2019-02-23 um 20.38.19.png|frame|x400px|alt=Extract of Project analyzing questions|Figure 1: Extract of Project analyzing questions, inspired by PMI <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>]]
 
When this step is completed the PRiSM Model provides a matrix in which the user plots the total scores for opportunities and threats. The opportunity score is placed on the y-axis and the threat/risk score on the x-axis. When placing then the opportunity score on the right vertical axis and the threat/risk score on the left vertical axis, the intersection of the sores provides the final profit value of the project. With the location of the score on the index it is easier to assess the risks in this project and make reasonable choices. 
3. Monitoring 
As well as in the classical risk management process, the PRiSM model requires the implementation of agreed-on risk response plans, as well as the identification of new risks throughout the project. These responses can be approached with different methods, such as avoidance, transference, acceptance or mitigation. For example, can avoidance be the preferred response, when there is a wider range of different risks with a lower risk level to choose from. When a risk cannot be handled by the project manager itself or even the company, the risk responsibility can be shifted to another, third party. This response is called transference. When accepting risks, the manager or company acknowledges the risks and its consequences. Most commonly used is the response of mitigation, hereby a specific course of action is taken to reduce the impact of risks. Or when opportunities occur the response would increase the probability and improve the impact. Developing the right risk responses will help project managers and the team to be in control of the success of a project. 
4. Control 
The important last step is about evaluating the risk responses and the whole project process, to get benefits from it for future projects. The PRiSM Model therefore generates a database, which is primarily in graphic format. Like this it is easy for managers to understand former projects and get information about assumptions and constraints, which help essentially to improve future projects. <ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

=== 5P Standards ===
The P5 standards developed by GPM are not are methodology for how to create the environment, but they create the foundation for GPM’s PRiSM model. The standards create a structure which help to form a definition for the model. The 5P standards have their origin in the triple bottom line approach, which is a concept that includes social and environmental considerations. The 5Ps are, as named earlier, Project, Process, People, Planet and Prosperity.
The social aspect includes values such as operating ethically and maintaining mutually beneficial relationships with employees, customers and the community. These are based on international standards: 
*United Nations Universal Declaration of Human Rights 
*United Nations Convention: International Covenant on Civil and Political Rights 
*United Nations Convention: International Covenant on Economic, Social, and Cultural Rights • Convention on the Elimination of all Forms of Discrimination against Women (CEDAW) 
*ILO Declaration on Fundamental Principles and Rights at Work 105 
*Vienna Declaration and Program of Action. 
*The 2030 Agenda for Sustainable Development 

The environmental aspects focus on the impact of projects on natural systems. Such as living systems and non-living ones, for instance ecosystems, the conversion of diverse flora and fauna and also land, air and water. Similar to the social aspects, the environmental ones are based on conventions and declarations: 
*UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage 
*United Nations Framework Convention on Climate Change 
*Country-specific legislation related to environmental protection, pollution and biodiversity conservation 
This category is divided into four subcategories 
*Transport: covers the impacts of the project processes and products with main focus on four areas: Local Procurement, Digital Communication, Traveling and Commuting, and Logistics. 
*Energy: covers the impacts of the project processes and products with main focus on energy and resources, which are categorized into four areas: Energy used, CO2 Emissions, Clean Energy Return and Mixed Energy. 
*Water: covers the impacts of the project processes and products with main focus on water resources, which are categorized into three areas: Water Quality, Water Consumption and Water Displacement. 
*Consumption: covers the impacts of the project processes and products with main focus on the consumption and extraction of raw materials, which are categorized into five areas: Recycling, Water Disposal, Reusability, Incorporated Energy, and Waste 

''On financial basis P5 values economic costs, benefits and risks on project management.” The financial elements allow for sustainability-based decision-making process from the viewpoint of portfolios, programs and projects, to maximize positive return for as many as possible.”
The Output to Benefits Lifecycle
Output — The delivery, or output developed by a project from a planned activity.
Capability — The completed set of project outputs required to deliver an outcome; exists prior to transition.
Outcome — A new operational state achieved after transition of the capability into live operations
Benefit — The measurable improvement resulting from an outcome perceived by one or more stakeholders, which contributes towards one or more organizational objectives.''<ref>GPM Global.Standard for Sustainability in Project Management. United States of America[cited 2019 Feb 16].Available from:http://www.cmcs.co/wp-content/uploads/2016/10/The-GPM-P5-Standard-for-Sustainability-in-Project-Management-v1.5.pdf</ref>
=== Principles ===
Implementing sustainability in an organizational process and the process of project management requires an appropriate value system, which has to be implemented in all levels of a company in order to work properly. Further it requires responsibilities regarding human rights, labour, the environment and corruption. GMPs PRiSM Model includes six Principles which help companies to implement the whole ideology of a sustainable management process into their company.
==Limitations ==
The GPM’s PRiSM model brings a lot of benefits to the process of Project management and increases the sociability and sustainability of projects. Nonetheless managers have to be aware when using the model in aspects of using it the right way. The PRiSM cannot be used in only one department or step of the process, as it only works in its intra connectivity within a company. So the sustainability principles have to be implemented in all levels in order to make the methodology of it work.

Also, can the first two steps of its methodology require some more time in the beginning, as the questions and the evaluation of the values need some fine-tuning until they fit the company’s ideals and specific kinds of projects they are searching for. Only after using the model for several projects the questions get more specific or questions are added to make the identification and the analysis for the right project as reliable as possible.
PMI states, that “the PRiSM model has proven to be a successful tool to assist management to:

*Make high level go/no decisions on bidding new projects
*Identify risks and opportunities to be addressed before going to contract and after
*Quantify and prioritize risks and opportunities
*Allocate risks to the party best able to handle the risk
*Manage those risks which cannot be transferred
*Document risk/opportunity events from past projects
*Reduce the cost of resolving disputes
*Place a limit on a firm's financial exposure in the event of a claim
*Archive decision making wisdom of top management for use by future generations (Management Transition)<ref>Auchey, F. L. & Auchey, G. J. (2003). Using PRISM model to improve project profitability. Paper presented at PMI® Global Congress 2003—EMEA, The Hague, South Holland, The Netherlands. Newtown Square, PA: Project Management Institute.</ref>

==References==
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