1 What are key aspects that must be

1 What are key aspects that must be included or targeted by a development project that will characterize it as a sustainable development project ?

> Sustainability sustainable development project is about integrating economic, environmental and social aspects in the content and management of projects

It must maximize all of economic, social and environmental benefits subject to a set of constraints

Economic Criteria: Direct economic Performance, Market Presence, Indirect economic impact

Environmental Criteria: focusing on: Materials; Energy; Water; Biodiversity; Emissions, effluents and waste; Products and services; Compliance; Transport;

Social Criteria:

Labour Practices and Decent Work: Employment, management relations, Health and Safety, Training and education, Diversity and equal opportunity

Human rights: Investment and Procurement practices, non-discrimination, Freedom of association and collective bargaining, child labour, Forced and compulsory labour, Disciplinary practices, indigenous rights, security practices,

Society: community, Public policy, Anti-competition behaviour, Compliance core

Product responsibility: Customer health and safety, Products and services labelling, market communication and advertising, customer privacy, compliance

> Sustainability is about integrating short-term and long-term aspects

An important notion in this aspect is that the economic perspective, because of discount rates, tends to value short term effects more than long term effects, whereas social impacts or environmental degradation may not occur before the long-term

> Sustainability is about consuming the income and not the capital

> Sustainability in project management is about considering the full life-cycle of the project

Sustainability in project management the total life cycle of the project (e.g. initiation-development-execution-testing-launch) should be taken into account. But not just the life-cycle of the project is relevant. The project will ‘produce’ a result, being a change in assets, systems, behaviour, etc. The asset produced should also be considered over its full life cycle. And the life cycle of the product or service that the asset produces should be considered