Project Portfolio Management

Sustainability: The Sixth Management Principle in PPM

Sustainability is a big new concept in project portfolio management (PPM). Bert Vliex, writing for AXELOS, explores this issue of sustainability and how to best put it into practice.

Sustenance for Portfolios

The bottom line is that sustainability is entirely possible, especially with the help of PRINCE2 and PRINCE2 Agile. When a product is sustainable it really leaves a lasting impression on the customers; a little more guidance will really help the entire process. Portfolio management is a way in which to understand the big picture and fully grasp how the project fits into the grand scheme. When the portfolio manager is on the same page as the project manager, objectives can successfully occur because there is mutual understanding as to how sustainability aligns with the business and how to transform projects. Adaptations can be met and the sustainability aspiration can be met.

Despite countless studies and research, sustainability is simply not being integrated, but why? The data and motivation is all there, so why not monopolize on this worthwhile endeavor? Management of Portfolios (MoP) is the key to unlocking sustainability. Within MoP, there are five ideas to keep in mind:

  1. The commitment of the senior management
  2. How governance aligns
  3. How the strategy aligns
  4. PMO
  5. Culture change

Along with these ideals, it is important to define “sustainability” and how it fits in with not only the project, but the business. Actively pursue its integration and do not allow for it to slip through the cracks and be a second thought. Change starts from the top and trickles down to the bottom, just as a spilt glass of water would.

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