Projects integrating Sustainable Methods or more usually called PRiSM, is a project management methodology that was developed by Green Project Management Global (GPMG) to develop projects with an emphasis on decreasing a company's negative environmental impact. The methodology was developed between 2008 and 2011 and was created so that each area of the project management methodology is fully integrated with the sustainability goals of the company. PRiSM is the only project management methodology that has any focus on environmental issues, and is fully integrated with ISO 14001.
The PRiSM project management methodology integrates with ISO 14001, which is the certification for environmental management system. The ISO 14001 maps out a framework that a company can follow to set up an effective environmental management system. This particular ISO certification can be used by organizations in any industrial sector, and can give sustainability benefits such reduced energy costs, reduction of the cost of waste management, reduction in distribution costs, and an improved public status.
There are a number of concepts that are used in the PRiSM methodology.
- P5 - This is also called People-Planet-Profit-Process-Product. The first three elements of the P5 are often referred to as the triple bottom line (TBL). These are the measurable bottom lines to sustainable project management measurement. For companies that are committed to corporate social responsibility (CSR) the use of triple bottom line reporting is often used, which relates to social, economic and environmental factors. The first element of the TBL is people, which relates to fair business processes concerning the employees and the local community around the company's facility. A company will look to trading fairly with local businesses and involving themselves in the local community. The second element is planet which refers to the sustainable environmental practices adopted by a company. The aim is for a company to do as little harm to the environment as possible. The third element is profit, which is the economic value created by the company. The final two elements, process and product were added to expand on the original TBL. They were included to suggest that the socio-economic impacts that the process of delivering goods and services have and product, the physical result of a project are also fundamental elements. The fourth element refers to process which includes the process sustainability, the maturity of the process, and the process efficiency. The final element refers to the product, which views the product sustainability, the lifespan of the product, and how that product is serviced.
- Sustainability Management Plan (SMP) - The SMP is used as a roadmap for sustainability and includes metrics, goals, and a series of actions. The SMP will evaluate the costs and benefits, and address cost-avoidance, risk management, employee productivity, and community involvement. The scope of the SMP should include energy, emissions, waste, land use, and work environment.
- Environmental Impact Analysis (EIA) - The EIA is an assessment of the impacts that a project may have on the environment. The purpose of the EIA is to ensure that project stakeholders consider the potential environmental impacts when deciding whether to commence with a project.
GPMG offers a number of certifications in the PRiSM methodology for individuals. One of those is the Certified Green Project Manager (GPM), which recognizes project managers who show technical competency in sustainability and project management. Candidates for the GPM must be able to demonstrate competency in Initiating, Planning, Executing, Controlling, and Closing projects while directing outcomes in a sustainable manner. Candidates for the CGPM should have worked managing projects for 24 months. They will also need to submit a case study that demonstrates their competence in delivering projects managing a sustainable methodology.