P43.05 PMI's sustainability mission? Creating an impact!
Is PMI going green? Discover how the Project Management Institute is championing sustainability and its surprising link to project success! Learn how sustainable practices are not just about 'feeling good,' but are a key driver for real change and increased profitability. Watch now to unlock the secrets to impactful and successful projects!
Mark Engelhardt
Founder of PPPM Academy
Guest
Lucila Dotto is the Global Head of Sustainability at the Project Management Institute (PMI) - a true pioneer helping shape how the profession responds to one of the defining challenges of our time: sustainability.
Summary
Sustainability & Project Success: PMI's Mission for Impact
For project management leaders, understanding the evolving landscape of project success is crucial. This post delves into PMI's sustainability mission and explores how it's creating a real impact on projects and organizations worldwide.
Beyond 'Feeling Good': Project Management as a Vehicle for Change
Many may question PMI's involvement in green initiatives. However, the connection is profound. As highlighted in the podcast, real change happens through projects. Project management is the engine that drives these changes, making PMI's role essential.
From Deliverables to Impact: Focusing on Value Delivery
The podcast emphasizes the importance of focusing on the outcome and benefit of a project, not just the deliverable. This aligns with the concept of value delivery, ensuring that projects truly meet the needs and expectations of stakeholders. Many think that sustainability and prosperity are in competition, but that is not the case.
Sustainability: A Key Predictor of Project Success
According to PMI's largest research project, the Project Success Report, sustainability is the highest predictor of project success. Projects that incorporate sustainable KPIs are 2.5 times more successful. This data-driven insight makes a compelling case for integrating sustainability into project planning and execution.
Sustainability and Profitability: A Positive Correlation
The podcast emphasizes that sustainability isn't just about doing good; it's also about improving efficiency and profitability. Organizations that invest in sustainability often see a correlation with increased profits. This is because sustainability drives efficient resource utilization and energy consumption.
Key Takeaways for Project Management Leaders:
- Embrace Sustainability: Integrate sustainable practices into your projects to increase their likelihood of success.
- Focus on Impact: Shift the focus from deliverables to the overall impact and value delivered by your projects.
- Drive Efficiency: Recognize that sustainability initiatives can lead to greater efficiency and profitability.
- Advocate for Change: Support PMI's sustainability mission and advocate for sustainable practices within your organization.
The Future of Project Management: A Sustainable Approach
As publicly traded companies are increasingly being asked to demonstrate their commitment to sustainability, it's clear that this trend is here to stay. PMI is well-positioned to lead the charge in advocating for sustainable project management practices. By embracing sustainability, project management leaders can drive positive change, enhance project success, and contribute to a more sustainable future.
Conclusion
The integration of sustainability into project management is no longer a choice, but a necessity. PMI's commitment to sustainability, coupled with the data-driven insights from the Project Success Report, highlights the critical role that sustainable practices play in achieving project success and driving organizational value. By embracing sustainability, project management leaders can create a positive impact on their organizations and the world.