Lecture 12 Flashcards
Definition Sustainability
Meeting the needs of the present without compromising the ability of future generations to meet their own needs
Definition of sustainable project management
- the planning, monitoring and controlling of project delivery and support processes with consideration of the environmental economic and social aspects of the life-cycle of the project’s resources processes deliverables and effects, aimed at realising benefits for stakeholders and performed in a transparent fair and ethical way tha tincludes proactive stakeholder participation
How sustainability affect project management
how to implement sustainablle PM
- moral imperative and ethics
- improve project economic performance
- improve project resilience
- improve project reputation
- long term benefits for the project client and owner
Barriers to implement sustainable Project management
- PM cannot implement sustainability practice by it self
- project management motivation
- project managers and project team must develop sustainability related competences
- sustainability add other critical constrain to projects
- several ambiguities of different nature are present at project level
- difficult to balance short term and long term objectives
concept sustainable development vs project management
2 kinds of project
- direct: Projects which aim to change a specific asset or operation directly
- indirect: projects tha t do not aim ata specific asset or operation but change the project context : planned or unplanned
what are intangible projects
- does not involve the assembly of a physical entity and the value of the deliverable is within its content (eg intellectual content)
- can be some physical result bit it is not the essence of the pproduct → essential features are new information
What are key characteristics for intangible projects
- generally require limited resources
- resources are highly unpredictable (main resource is brainwork)
- unpredictable outcomes (deliverable hard to define in the beginning of the project)
- generally the result deliver a great impact
what is ethnical blindness
the temporary loss of the ability to see the ethnical dimension of a decision at stake
Fraud triangle theory - why do “good people” do bad ?
Definition of the dark side
“The dark sid einvolves any illegal or unethical phenomena associated wit projects”
Examples dark side
- Corruption
- modern slavery
- sexism
- money laundring
definition of corruption
“abuse of entrusted power for private gain”
two types of corruption
- petty corruption : everyday abuse of entrusted power by low and mid level public officials
- grand corruption : acts of corruption committed by relevant istitutions
Enablers of corruption
- Discretionary power:
- economic rents or utility:
- weak institutions:
which project characteristics favour corruption in projects
- size
- uniqueness
- government involvement
- number of contractual links
- project complexity
- lack of frequency of projects
- culture of secrecy
- entrenched national interests
how does corruption negative affects on project
- increase time and cost
- sub-optimal projects are implemented
- reduces efficiency (construction firms)
- reduces the quality of infrastructure services
- increases operating cost
- favours the creation of monopolies
Slavery definition
Slavery is “the status or condition of a person over whom any or all of the powers attaching to the right of ownership are exercides ”
definition modern slavery
“The recruitment, movement, harbouring or receiving of childern, women or men though the use of force, coercion, abuse of vulnerability, deception or other means for the purpose of exploitation”
