Procurement is hardly an interesting topic for most people. In fact, the average person probably doesn’t even know what ‘procurement’ actually means. Most project managers understand that procurement is one of the ten knowledge areas in the Project Management Body of Knowledge. Depending on the industry you work in or the company you work for, […]
Tag: P5 Standard
The Risk of Inaction (ROI)
Investopedia explains Return on investment (ROI) as a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. This post is not about that. I […]
Waste not, want not: how projects can drive reductions in waste
I recently watched the first episode in a three-part series on waste produced by the government broadcaster in Australia. The War on Waste (check it out here) examining various aspects of waste and how Australian’s waste significant amounts of money and produce the fifth largest producer of municipal waste in the world, producing over 52 […]
How to Use GPM’s P5
“Risk comes from not knowing what you`re doing.” Warren Buffett “Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you.” Theodore Roosevelt What is the P5 ? The GPM Global PRiSM methodology advocates for the usage of the GPM P5 (People, Planet, Prosperity, Processes and […]
A rookie mistake with sustainable procurement… Lessons Learned
“I don’t want to wear something on my body that hurts the environment or the people in it. It’s hard to know what is good and what is bad on the high street and equally hard to find fashionable or youthful ethical clothing. It shocks me that even today only 1% of cotton produced in […]
Sustainable Development Goal #4 of 17 Quality Education (and Project Management)
Sustainable Development Goal #4 is a whopper! It has ten targets and in this post I am going to focus on only one part of one target. “By 2030, ensure that all learners acquire the knowledge and skills needed to promote sustainable development, including, among others, a thorough education for sustainable development and sustainable lifestyles, human […]
