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INTEGRATING GREEN-PM INTO
THE PROJECT MANAGEMENT
PROCESS GROUPS
Presenter: Alison C. Holder
Date: September 22, 2015
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
Dr Joao Havelange Centre of Excellence
Macoya, Trinidad
2
Presenter’s Bio
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
ALISON C. HOLDER, PMP, MSc. BSc. (hons), Strategic and Project Management Specialist, has
been involved in entrepreneurial start-ups as well as medium sized firm turn around projects.
She was the Caribbean agent for Heinz-Orieda and for Fortessa Inc.
Ms. Holder was the project manager for a direct marketing program for Scotiabank in
Barbados, Jamaica and the Virgin Islands that required the development and execution of a
training series for staff.
She is the Managing Director of Ten Step Eastern Caribbean Ltd; the regional office for Ten
Step Global – a leading project management training and consulting firm. Currently
providing project management training for the IDB steering committees in Barbados.
In her research consulting practice, Alison Holder has facilitated stakeholder consultations as
an input to the development of strategic plans. Most recent strategic plans were:
•Barbados Competiveness Strategy and Action Plan (consortium)
•Revitalization Strategy for the Caribbean Spa and Wellness Association
•Barbados Coalition of Services Industries’ Quality Service Mark Framework
•A Study of the Professional Services Sectors of Barbados identifying the Service Sector
Skills for the Future
•DFID and Colleges and Institutes Canada Caribbean Education for Employment
Alison Holder is the current President of the Project Management Institute – Barbados Branch.
3
Presentation
Objectives
• Introduce the participants to Green PM
• Articulate the foundations of Green Project Management
• Highlight the integration of Green PM into the process
groups
• Case Review: How Green PM could have been used in
the BP Deep Water Horizon Project
• Plenary
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
4
Introduction to
Green PM
• Environmentally friendly and sustainability were
considered were voluntary
• Enron’s fall and BP’s oil spill, caused focus to be given to
sustainability, ethics, social responsibility and
supply chains
• Corporate sustainability starts with a company’s value
system
• It means operating in ways that, at a minimum, meet
fundamental responsibilities in the areas of human
rights, labour, environment and anti-corruption
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
5
Introduction to Green PM
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
6
Introduction to
Green PM
The challenge for regional project managers
is that many of the organizations lack a well-
defined and easily implementable
Environmental Management System (EMS)
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
7
Foundations of Green
Think
“GreenPM” (green project
management), coined by
Tom Mochal and Andrea
Krasnoff
“GreenPM” or green think
supports ISO 14000
standards through project
management processes
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
• ISO 14001:2004 sets out the criteria
for an environmental management
system and can be certified to. It
maps out a framework that a
company or organization can follow
to set up an effective environmental
management system.
• Sustainability is the ability to use a
resource without it being completely
used up or destroyed. (Merriam
Webster)
8
Integrating into the
process groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
Client company or sponsor prioritize sustainability
in approval criterion for projects
Business cases would have to include a section that
addresses the environmental value of the project
Stakeholders should include an environmental
expert in the particular industry
9
Integrating into the
process groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
10
Integrating into the
process groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
• Gathering of requirements requires the inclusion of sustainable
practices in the elicitation methods thresholds for avoiding
environmental hazards or exploiting opportunities to acquire a
measure of sustainability
• Defining the activities, the work methods and quality assurance
aspects should specify the environmental elements
• Communications plan is a great functional area in which to
incorporate green-pm particularly in the age of cloud computing
and video chats that can reduce the carbon foot print
• Risk responses developed should consider all implications to
environmental safety and a preference for eco-friendly risk
responses
11
Integrating into the
process groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
12
Integrating into the
process groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
• reduced the cost of gathering work performance data by
implementing an integrated system software that utilizes tablets as
the source point. greater efficiency as the information needed to
make decisions is being received and analysed in near real time
• conducting procurement, the project manager can easily source a
listing of green compliant suppliers and their agents
• sensitizing the project team on the how to perform responsible
purchasing
• Risk responses developed should consider all implications to
environmental safety and a preference for eco-friendly risk
responses
13
Integrating into the process
groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
14
Integrating into the
process groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
15
Integrating into the
process groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
Integrated change control is one of
the places where GreenPM can occur
since the environment can be
factored into every change discussed
in integration change control
16
Integrating into the
process groups
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
Formal project closure is an area often
overlooked for many projects. With
GreenPM, environmental learnings are
evaluated. Ultimately, there could be a
process improvement leap based on these
findings
17
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
A vital consideration for project sponsors
and managers is: can they really afford
not to adopt a GreenPM approach?
This imperative can be evidenced by
excerpts from the January 29, 2007
article “Beyond the Green Corporation” by
Pete Engarido.
18
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
“Serious money is lining up behind the
sustainability agenda.
Assets of mutual funds that are designed to invest in
companies meeting social responsibility criteria have
swelled from $12 billion in 1995 to $178 billion in
2005, estimates trade association Social Investment
Forum.
Boston's State Street Global Advisors alone handles
$77 billion in such funds. And institutions with $4
trillion in assets, including charitable trusts and
government pension funds in Europe and states
such as California, pledge to weigh sustainability
factors in investment decisions.”
19
BP DEEPWATER
HORIZON & GREEN PM
CASE REVIEW OF
MITSloan Management Report
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
20
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
21
History of Safety and
Sustainability Failures
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
March 23, 2005 when an explosion at BP’s Texas City
Refinery killed 15 people and injured another 180,
and resulted in financial losses exceeding $1.5
billion. The James Baker Investigative Report determined
that it was company’s cut backs on maintenance
and safety measures at the plant in order to curtail
costs that cause the explosion.
In March 2006Alaska’s Prudhoe Bay, where more
than 200,000 gallons of oil poured into the bay from
a corroded hole in the pipeline, making it the largest
oil spill in Alaska.
Inspectors found that several miles of the steel
pipe had corroded to dangerously thin levels.
Alaskan state regulators had been warning BP
since 2001
22
Better People Solution
Switch CEO’s
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
• Dramatically shrank the Alternative Energy division
• Reduced headcount at both managerial and lower staff
levels.
• Desired to transform BP’s culture to one that was less
risk averse; he believed that there was extreme
cautiousness. “Assurance is killing us,” he told U.S.
staff in September of 2007.
23
Management Pressure:
Behind Schedule
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
1. The decision to use a well design with few
barriers to gas flow;
2. The failure to use a sufficient number of
"centralizers" to prevent channelling during the
cement process;
3. The failure to run a cement bond log to evaluate
the effectiveness of the cement job;
4. The failure to circulate potentially gas bearing
drilling muds out of the well;
5. The failure to secure the wellhead with a
lockdown sleeve before allowing pressure on the
seal from below.
24
BP’s approach vs. Green-PM
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
25
BP’s approach vs. Green-PM
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
26
Implications for the Caribbean
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
The National Wildlife
Federation’s report, “Five Years
and Counting – Gulf wildlife in
the aftermath of the Deepwater
Horizon disaster”, deems the
environmental “blowout” as
been catastrophic on the ecology
and the businesses.
The American Sport Fishing
Association reports that prior to
the blowout, the Gulf region
benefited from US$41 billion in
revenues from recreational
fishing and the sector employed
300,000 persons.
• 5 years after the BP Deepwater
Horizon well blowout, the
company has spent US$54.6
billion (Q1 2015)
• This surpasses the combined
GDP of Barbados, Guyana,
Jamaica and the Eastern
Caribbean.
• BP sold US$40 billion in assets to
pay for fines and other costs
• The company is vulnerable to
hostile takeovers.
• Not only did the well blowout
BUT BP’s finances as well.
• The sustainability of BP is said to
be questionable.
27
Implications for the Caribbean
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
As a region, tourism is a major
source of revenue and foreign
exchange earnings.
In light of the fallout to the Gulf
region’s tourism, the Caribbean
has a greater degree of exposure
to significant declines in our
economic activity should a major
environmental disaster occur
Can the region afford an absence
of a sustainability or Green Think
approach to the execution of
projects.
28
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery
29
8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE
Project Management for a Sustainable World:
Economic, Environmental and Social Sustainability for Successful Project Delivery

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2015 PMI SCC GreenPM in the process groups - Alison C Holder

  • 1. 1 INTEGRATING GREEN-PM INTO THE PROJECT MANAGEMENT PROCESS GROUPS Presenter: Alison C. Holder Date: September 22, 2015 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery Dr Joao Havelange Centre of Excellence Macoya, Trinidad
  • 2. 2 Presenter’s Bio 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery ALISON C. HOLDER, PMP, MSc. BSc. (hons), Strategic and Project Management Specialist, has been involved in entrepreneurial start-ups as well as medium sized firm turn around projects. She was the Caribbean agent for Heinz-Orieda and for Fortessa Inc. Ms. Holder was the project manager for a direct marketing program for Scotiabank in Barbados, Jamaica and the Virgin Islands that required the development and execution of a training series for staff. She is the Managing Director of Ten Step Eastern Caribbean Ltd; the regional office for Ten Step Global – a leading project management training and consulting firm. Currently providing project management training for the IDB steering committees in Barbados. In her research consulting practice, Alison Holder has facilitated stakeholder consultations as an input to the development of strategic plans. Most recent strategic plans were: •Barbados Competiveness Strategy and Action Plan (consortium) •Revitalization Strategy for the Caribbean Spa and Wellness Association •Barbados Coalition of Services Industries’ Quality Service Mark Framework •A Study of the Professional Services Sectors of Barbados identifying the Service Sector Skills for the Future •DFID and Colleges and Institutes Canada Caribbean Education for Employment Alison Holder is the current President of the Project Management Institute – Barbados Branch.
  • 3. 3 Presentation Objectives • Introduce the participants to Green PM • Articulate the foundations of Green Project Management • Highlight the integration of Green PM into the process groups • Case Review: How Green PM could have been used in the BP Deep Water Horizon Project • Plenary 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 4. 4 Introduction to Green PM • Environmentally friendly and sustainability were considered were voluntary • Enron’s fall and BP’s oil spill, caused focus to be given to sustainability, ethics, social responsibility and supply chains • Corporate sustainability starts with a company’s value system • It means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 5. 5 Introduction to Green PM 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 6. 6 Introduction to Green PM The challenge for regional project managers is that many of the organizations lack a well- defined and easily implementable Environmental Management System (EMS) 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 7. 7 Foundations of Green Think “GreenPM” (green project management), coined by Tom Mochal and Andrea Krasnoff “GreenPM” or green think supports ISO 14000 standards through project management processes 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery • ISO 14001:2004 sets out the criteria for an environmental management system and can be certified to. It maps out a framework that a company or organization can follow to set up an effective environmental management system. • Sustainability is the ability to use a resource without it being completely used up or destroyed. (Merriam Webster)
  • 8. 8 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery Client company or sponsor prioritize sustainability in approval criterion for projects Business cases would have to include a section that addresses the environmental value of the project Stakeholders should include an environmental expert in the particular industry
  • 9. 9 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 10. 10 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery • Gathering of requirements requires the inclusion of sustainable practices in the elicitation methods thresholds for avoiding environmental hazards or exploiting opportunities to acquire a measure of sustainability • Defining the activities, the work methods and quality assurance aspects should specify the environmental elements • Communications plan is a great functional area in which to incorporate green-pm particularly in the age of cloud computing and video chats that can reduce the carbon foot print • Risk responses developed should consider all implications to environmental safety and a preference for eco-friendly risk responses
  • 11. 11 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 12. 12 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery • reduced the cost of gathering work performance data by implementing an integrated system software that utilizes tablets as the source point. greater efficiency as the information needed to make decisions is being received and analysed in near real time • conducting procurement, the project manager can easily source a listing of green compliant suppliers and their agents • sensitizing the project team on the how to perform responsible purchasing • Risk responses developed should consider all implications to environmental safety and a preference for eco-friendly risk responses
  • 13. 13 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 14. 14 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 15. 15 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery Integrated change control is one of the places where GreenPM can occur since the environment can be factored into every change discussed in integration change control
  • 16. 16 Integrating into the process groups 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery Formal project closure is an area often overlooked for many projects. With GreenPM, environmental learnings are evaluated. Ultimately, there could be a process improvement leap based on these findings
  • 17. 17 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery A vital consideration for project sponsors and managers is: can they really afford not to adopt a GreenPM approach? This imperative can be evidenced by excerpts from the January 29, 2007 article “Beyond the Green Corporation” by Pete Engarido.
  • 18. 18 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery “Serious money is lining up behind the sustainability agenda. Assets of mutual funds that are designed to invest in companies meeting social responsibility criteria have swelled from $12 billion in 1995 to $178 billion in 2005, estimates trade association Social Investment Forum. Boston's State Street Global Advisors alone handles $77 billion in such funds. And institutions with $4 trillion in assets, including charitable trusts and government pension funds in Europe and states such as California, pledge to weigh sustainability factors in investment decisions.”
  • 19. 19 BP DEEPWATER HORIZON & GREEN PM CASE REVIEW OF MITSloan Management Report 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 20. 20 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 21. 21 History of Safety and Sustainability Failures 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery March 23, 2005 when an explosion at BP’s Texas City Refinery killed 15 people and injured another 180, and resulted in financial losses exceeding $1.5 billion. The James Baker Investigative Report determined that it was company’s cut backs on maintenance and safety measures at the plant in order to curtail costs that cause the explosion. In March 2006Alaska’s Prudhoe Bay, where more than 200,000 gallons of oil poured into the bay from a corroded hole in the pipeline, making it the largest oil spill in Alaska. Inspectors found that several miles of the steel pipe had corroded to dangerously thin levels. Alaskan state regulators had been warning BP since 2001
  • 22. 22 Better People Solution Switch CEO’s 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery • Dramatically shrank the Alternative Energy division • Reduced headcount at both managerial and lower staff levels. • Desired to transform BP’s culture to one that was less risk averse; he believed that there was extreme cautiousness. “Assurance is killing us,” he told U.S. staff in September of 2007.
  • 23. 23 Management Pressure: Behind Schedule 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery 1. The decision to use a well design with few barriers to gas flow; 2. The failure to use a sufficient number of "centralizers" to prevent channelling during the cement process; 3. The failure to run a cement bond log to evaluate the effectiveness of the cement job; 4. The failure to circulate potentially gas bearing drilling muds out of the well; 5. The failure to secure the wellhead with a lockdown sleeve before allowing pressure on the seal from below.
  • 24. 24 BP’s approach vs. Green-PM 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 25. 25 BP’s approach vs. Green-PM 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 26. 26 Implications for the Caribbean 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery The National Wildlife Federation’s report, “Five Years and Counting – Gulf wildlife in the aftermath of the Deepwater Horizon disaster”, deems the environmental “blowout” as been catastrophic on the ecology and the businesses. The American Sport Fishing Association reports that prior to the blowout, the Gulf region benefited from US$41 billion in revenues from recreational fishing and the sector employed 300,000 persons. • 5 years after the BP Deepwater Horizon well blowout, the company has spent US$54.6 billion (Q1 2015) • This surpasses the combined GDP of Barbados, Guyana, Jamaica and the Eastern Caribbean. • BP sold US$40 billion in assets to pay for fines and other costs • The company is vulnerable to hostile takeovers. • Not only did the well blowout BUT BP’s finances as well. • The sustainability of BP is said to be questionable.
  • 27. 27 Implications for the Caribbean 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery As a region, tourism is a major source of revenue and foreign exchange earnings. In light of the fallout to the Gulf region’s tourism, the Caribbean has a greater degree of exposure to significant declines in our economic activity should a major environmental disaster occur Can the region afford an absence of a sustainability or Green Think approach to the execution of projects.
  • 28. 28 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery
  • 29. 29 8TH BIENNIAL INTERNATIONAL PROJECT MANAGEMENT CONFERENCE Project Management for a Sustainable World: Economic, Environmental and Social Sustainability for Successful Project Delivery

Hinweis der Redaktion

  1. Tony Hayward