PRiSM
In project development, PRiSM (Projects integrating Sustainable Methods) is a project management methodology developed by GPM Global to integrate sustainability into the project lifecycle. It is often referred to as green project management and is built on the P5 Standard, which focuses on five sustainability elements: People, Planet, Prosperity, Process, and Products. PRiSM aims to help organizations deliver projects with a positive impact by aligning them with ethical and international standards, such as the UN Global Compact and ISO standards.
Key aspects of PRiSM
- Sustainability integration: PRiSM embeds sustainability into every stage of a project, from pre-project planning to delivery and closure.
- The P5 Standard: This standard is the foundation of the methodology, providing a framework to consider the impact of a project on People, Planet, Prosperity, Process, and Products.
- Alignment with global goals: It helps align projects with the United Nations Sustainable Development Goals (SDGs).
- Phased approach: The framework guides project teams through four main phases: Pre-Project, Discovery, Design, and Delivery.
- Broader applicability: While originally designed for large-scale projects like construction and infrastructure, it can be applied to various project management methods like Agile and PRINCE2.
- Benefit to organizations: Implementing PRiSM can help organizations demonstrate their commitment to sustainability, improve project outcomes, and gain a competitive advantage, especially in areas like green public procurement.