TUESDAY 9 OCTOBER, 2007Project Management - Setting the StandardAustralian Institute of Project Management National Conference 2007Hobart Tasmania October 7 – 10, 2007

CS4.2.1

Sustainability: Creating Possibilities by Challenging

What is Possible

Mary Casey

AIPM Conference Hobart October 2007

Sustainability: Creating Possibilities by Challenging What is Possible

AIPM Conference Hobart October 2007

The Change is Not Coming – It’s Here

• The rules are being redefined - daily

• Early action is key to prosperity

• Potential for mistakes – no action has a fairly certain outcome

AIPM Conference Hobart October 2007

Sustainability: Trends and Rate of Change

• Property

• 2002: limited discussion, fringe concept

• 2007: GS projects, PCA A-grade requirement, Section J

regulation

• Investment• 2003: SRI in Australia grew by 26%, up to > $21.5 billion;

BT Financial, Deustche, ING• CDP4 has 225 of FT500 (72%), $31.5 trillion• 2007: Citigroup reports on ‘Winners’ and ‘At Risk’ on basis

of corporate environmental response

AIPM Conference Hobart October 2007

Sustainability: Trends and Rate of Change

• Market Awareness• 1992: 75% ‘expressed concern’ about the environment (ABS)

• 2001: 62% (ABS)

• 2006: Stern Report, IPCC Report

• 2007: Articles in mainstream media almost daily, SMH, Fin

Review

• Government Policy

• 2004: BASIX, 5-star BCA in ACT, NSW, VIC, WA

• 2007: The Hon Malcolm Turnbull – ‘the biggest

economic challenge of our time’

AIPM Conference Hobart October 2007

What Does That Mean to Project Managers?

• Understand current position

• Define parameters for success

• Understand client’s vision

• Challenge what is (assumed as) (im)possible

AIPM Conference Hobart October 2007

Sir Moses Montefiore

• DECC ‘Significant Water User’

• What is the real question?

• 15% reduction, plan 1 yr overdue

• Find the way to the solution

• 27% reduction at 44% IRR (10 yrs)

AIPM Conference Hobart October 2007

The University of New South Wales

• Why green?

• improved asset performance

• attraction and retention of

students and staff

• Key component of their brand as

a leading business school

• ESD strategy aligns with client’s

objectives - energy and water

efficiency, IEQ

Photo: Michael Duchesne

AIPM Conference Hobart October 2007

For Further Information

• Recent Papers:• Davis Langdon: The Cost and Benefit of Achieving Green Buildings

• GBCA: The Dollars and Sense of Green Buildings

• John Llewellyn, Lehman Brothers: The Business of Climate Change

• Lash and Wellington, Harvard Business Review: Competitive

Advantage on a Warming Planet

• Recent Books:

• Tim Flannery: The Weather Makers

• George Monibot: Heat

• Stuart L Hart : Capitalism at the Crossroads

• Film: ‘An Inconvenient Truth’

AIPM Conference Hobart October 2007

A Final Thought

“Leaders can conceive and articulate goals that lift people out of their petty preoccupations and unite them in pursuit of objectives worthy of their best efforts.”

-John Gardner