• Home
  • Finance
    • Financial Management
    • Strategic Management
    • Investment Analysis and Portfolio Management
    • Project Management
    • Islamic Banking & Finance
    • Auditing
  • Marketing
    • Principle of Marketing
    • Marketing Management
    • International Marketing
    • Advertising & Promotion
    • Commercial Challenges
  • HRM
    • Human Resource Management
    • Principles of Management
    • Training & Development
    • Employee Performance Management
  • Others
    • Introduction to Business
    • Business Communication
    • Banking & Finance
    • Entrepreneurship
    • Economics
  • Personal Skills
  • Tips & Tricks
  • About Us
    • Contact US

Business Study Notes

B.Com, M.Com. BBA & MBA Exam Study Online

  • Home
  • Finance
    • Financial Management
    • Strategic Management
    • Investment Analysis and Portfolio Management
    • Project Management
    • Islamic Banking & Finance
    • Auditing
  • Marketing
    • Principle of Marketing
    • Marketing Management
    • International Marketing
    • Advertising & Promotion
    • Commercial Challenges
  • HRM
    • Human Resource Management
    • Principles of Management
    • Training & Development
    • Employee Performance Management
  • Others
    • Introduction to Business
    • Business Communication
    • Banking & Finance
    • Entrepreneurship
    • Economics
  • Personal Skills
  • Tips & Tricks
  • About Us
    • Contact US
Home » What is the PRiSM Methodology? | Principles and Process of PRISM

What is the PRiSM Methodology? | Principles and Process of PRISM

By Richard Daniels Reading Time: 3 mins
Updated September 19, 2017

Projects integrating Sustainable Methods: – Today, most companies attach great importance to sustainable development. It was therefore logical and necessary to integrate it into project management. This is the mission set by GPM Global (Green Project Management), an American company, in creating the PRiSM methodology.

PRiSM stands for Projects integrating Sustainable Methods (“projects integrating sustainable methods”). It is a project management method based on sustainable development. The aim is to enable companies to manage their projects while integrating environmental sustainability into their processes and thus reduce their negative ecological and social impact when carrying out projects. In short, with PRiSM, project management becomes eco-friendly!

Principles of Projects integrating Sustainable Methods

PRiSM provides a comprehensive methodology for integrating sustainable development into project management. By following this framework and using the tools and methods provided, organizations can achieve a perfect balance between limited resources, their social responsibility and sustainable results for their projects.

PRiSM is a structured, process-based methodology. It focuses on five areas of sustainable development (P5) and four key project phases (concerned groups, sustainability orientation, organizational orientation, results). When all these elements are properly assimilated and effectively addressed, they reduce the ecological impact of any type of project.

This approach has the same basis as the PMBOK guide and its framework is derived, inter alia, from the ISO 14001 standard. It integrates best practices to help you answer the question “How do I make my project greener?”

The PRiSM method is primarily designed for large-scale real estate development projects or construction or infrastructure projects that can have adverse environmental effects.

Finally, PRiSM is a stand-alone method that can be quickly implemented with the majority of project management methodologies such as PRINCE2 or Agile methods.

Process of Projects integrating Sustainable Methods

The PRiSM method is based on the P5 standard for sustainable development in project management. The 5Ps are People, Planet, Prosperity, Process and Products (People, Planet, Prosperity, Process and Products). This standard is effective in reducing the risk level of a project from an ecological, economic and societal point of view while extending the scope of the benefits obtained.

PRiSM extends beyond the traditional lifecycle of a project with a 5-step approach that integrates pre-project planning, adoption and integration of the service or product and realization of the benefits product or service.

P5 is the link between sustainable development and projects. This standard enables you to understand the impact of your projects and thus contribute positively to the UN’s Sustainable Development Goals.

P5 allows you to connect an approach based on three fundamental principles (society, environment and economy or People, Planet and Prosperity) with the project processes and the services or products that result. The project manager must take into account the objectives of the project and understand their impact on society, the environment and the economy. This objective view allows it to provide qualitative and quantitative indicators to the various stakeholders.

Six Principles for Sustainable Change

To integrate sustainable development within their organization, companies must have an appropriate value system and face their responsibilities in the areas of human rights, labor, the environment and the fight against corruption.

  • 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.

  • Training

In order to implement the PRiSM method effectively and become an eco-friendly project manager, you must take training and obtain the required certification. This also ensures that the method is correctly administered and its values ​​are respected.

Advantages and Disadvantages of Projects integrating Sustainable Methods

If your company really wants to invest in sustainable development, then PRiSM is an ideal solution. Once implemented, you can benefit from lower energy consumption, improved waste management and lower distribution costs.

On the other hand, this methodology can only work if each of the services of the company is fully involved and respects the approach.

Conclusion

PRiSM provides a framework for integrating sustainable development into project management. This approach applies to most project management methods (Agile, PRINCE2, etc …). In order for it to function properly, it is essential that the company, all of its departments and the project manager are all involved and rigorously follow its principles and values.

Author at Business Study Notes
Richard DanielsAuthor at Business Study Notes

Hello everyone! This is Richard Daniels, a full-time passionate researcher & blogger. He holds a Ph.D. degree in Economics. He loves to write about economics, e-commerce, and business-related topics for students to assist them in their studies. That's the sole purpose of Business Study Notes.
Love my efforts? Don't forget to share this blog.

Related Posts:

  • Risk Management: Definition, Types, Model, Process,…
    Risk Management: Definition, Types, Model, Process, Strategies, Practices
  • What is the Process of Motivation? Explain in detail
    What is the Process of Motivation? Explain in detail
  • Communication Strategies Definition | Types of Communication…
    Communication Strategies Definition | Types of Communication Strategies
  • Talent Management: Definition, Strategies, Models, Process,…
    Talent Management: Definition, Strategies, Models, Process, Practices
  • Process of MBO (Management by Objectives) - Explained with…
    Process of MBO (Management by Objectives) - Explained with Examples

Filed Under: Project Management Tagged With: Principles of Projects integrating Sustainable Methods, Process of Projects integrating Sustainable Methods

Related Posts

System-Views-of-Management-image

System Views of Management

System Views System views of management associates with the Management division of the organization and it assumes that all of the organizations are … [Read More...]

Leadership Theories

Situational Leadership Theories

Situational Leadership Theories Situational model of leadership is a factor that emphasizes the behavior of the leaders regarding different situations. … [Read More...]

Behavioral Leadership Model

Behavioral Leadership Model

Leadership  Leadership is the most critical and complex responsibility across any organization. It is because the leadership requires to be realistic, … [Read More...]

career development process in hrm

Career Development Process

Career Development Process Today's career development process has become a threat for students, especially a question that may stun many students who have … [Read More...]

Strategic leadership

Strategic Leadership Model

Strategic Leadership Model The strategic leadership model is basically the study of the leadership style. It describes the ways of modernizing an … [Read More...]

Types of Managerial Decision Making

Types of Managerial Decision Making

Managerial Decision Making Decision Making is an art of selection of one feasible alternative decision from many. Therefore types of managerial decision … [Read More...]

Quantitative-management-approach

Quantitative Management Approach

Quantitative Management Approach The quantitative management approach is used to enhance decision making power by using quantitative tools. As well as … [Read More...]

Effective-business-messages-image

Effective Business Messages

Effective Business Messages The process through which business messages are effectively prepared that have the potential to create desired results from … [Read More...]

Search the Site

ADVERTISEMENT

Business Study Notes

Business Study Notes is all about business studies or business education. Visit us to find here free business notes of all the subjects of B.com, M.com, BBA & MBA online.

Disclaimer

All the images and videos present on the Business Study Notes are not owned by us, if you found anything under copyrights, please Contact Us, we will remove it ASAP.

Categories

© Copyright 2023 Business Study Notes. All rights reserved. Privacy Policy, Sitemap.  
DMCA
PROTECTED