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Sustainability in Project Management: PM 2 versus PRiSM TM

Author

Listed:
  • Patrícia Marques

    (ALGORITMI Research Center/LASI, Department of Production and Systems, University of Minho, 4800-058 Guimarães, Portugal)

  • Paulo Sousa

    (ALGORITMI Research Center/LASI, Department of Production and Systems, University of Minho, 4800-058 Guimarães, Portugal)

  • Anabela Tereso

    (ALGORITMI Research Center/LASI, Department of Production and Systems, University of Minho, 4800-058 Guimarães, Portugal)

Abstract

This paper makes a theoretical contribution by exploring the integration of sustainability principles into project management. It compares two recent methodologies, PM 2 and PRiSM TM , and provides a practical contribution by advocating for the adoption of these sustainability-driven practices among practitioners. Sustainability remains relatively unknown in the realm of project management, and this study aims to bridge that gap. This study follows an interpretivist philosophy and employs a combination of interviews and archival data analysis. PM 2 , created by the European Commission, provides a project management methodology free to organizations and includes best practices from other bodies of knowledge. However, it does not include sustainability because it aims to be generic. PRiSM TM , based on the P5™, aims to make the project management process more sustainable. PRiSM TM has a P5 Impact Analysis and Sustainability Management Plan as its main differentiating deliverables and is an extension of the Triple Bottom Line, also including product and process. The PM 2 Alliance CEO believes that PM 2 aims to be generic, so a focus on sustainability would remove the methodology’s “elasticity”. However, users wishing to use PM 2 and consider sustainability can include it in the additional objectives and use PRiSM TM to differentiate deliverables.

Suggested Citation

  • Patrícia Marques & Paulo Sousa & Anabela Tereso, 2023. "Sustainability in Project Management: PM 2 versus PRiSM TM," Sustainability, MDPI, vol. 15(22), pages 1-36, November.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:22:p:15917-:d:1279709
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    References listed on IDEAS

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    4. I. V. Katunina & Yu. A. Fomina, 2021. "In Search Of Excellence In Social Entrepreneurship Project Management: Experience And Standards Of The European Union," Strategic decisions and risk management, Real Economy Publishing House, vol. 12(1).
    5. Midler, Christophe, 1995. ""Projectification" of the firm: The renault case," Scandinavian Journal of Management, Elsevier, vol. 11(4), pages 363-375, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    P5 TM ; PM 2 ; PRiSM TM ; project management; sustainability;
    All these keywords.

    JEL classification:

    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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