Factors to Consider for

Socially Responsible

Project/Programs

"What are the factors needed for successful

projects?"

Triple Constraints

Interacting constraints A successful project

balances these constraints

Given we can't have unlimited resources or unlimited time, we need to manage all three constraints

Project management gives the tools to do this

Factors Shared by Successful Projects

Clear and agreed objectives Committed and effective team Planning Management controls Repeated reappraisal Communication

Clear and agreed objectives discuss with

stakeholders, people having the problem / who will use the end product

discuss with senior management and other stakeholders

formal requirements documentation signed off

Committed and effective team learned and are

eager to achieve objectives

have the skills necessary to do this

likely to be in place through the project

Planning route map from

problem to the solution

detailed enough to assign work

flexible enough to adapt to surprises

Management Controls

track work being done identify and deal with

risks and issues formal change control

process budgetary

management

http://www.flickr.com/photos/john_hall_associates/3101529798/

Repeated Reappraisals Has the

environment changed?

Have likely costs increased, or benefits reduced?

Is the project still needed?

Communication ties everything else

together builds strong team keeps stakeholders

on board provides yourself

and others with the information needed

Why is it important to have Socially Responsible Projects/Programs

The general public in industrialized nations has an appetite for Socially Responsible Projects/Programs. GlobeScan notes that “if properly positioned, reports may be viewed as a new corporate communications tool for companies, one that could be particularly effective in our ”show me world”

Benefits for firms implementing Socially Responsible Projects/

Programs

•Improved competitiveness and market positioning.

•Improved ability to attract and build efficient supply chain relationships.

•Enhance ability to address change.

•Gain of “Social License” to operate in the community.

•Improved relations with regulators.

•Finally, the best environmental, socially responsible,

and governance programs create financial value for a

company in ways that the market already assesses.

Ten Steps for Starting a Social Responsibility Program

1. Prepare a “social responsibility inventory” of what your company is doing right now.

2. Enter into a dialogue with your company’s stakeholders and find out what is meaningful to them.

3. Establish relationships with key members of your community (i.e. trade associations, government, major charities) to see if there are specific needs that your company is particularly well suited to address due to its specific competencies.

4. Review stakeholder relationships and assess how they affect the company and vice versa.

5. Make sure all level of the company are involved in a social responsibility program from upper management to front-line employees.

6. A social responsibility plan must translate into concrete actions identifying those responsible for making things happen, the authority they have for carrying it out, resources to be used, stages and deadlines and the priorities to be pursued.

7. The company’s approach to social responsibility should reflect the company’s way of doing business—it should not be delivered in a different.

8. Actions should be undertaken commensurate with the resources of the company, otherwise it will not be sustainable and it will end up being a short term fad or ill-conceived public relations exercise.

9. A company should pick a charitable group to support that dovetails with its core competencies. This will allow the company to have its most significant community impact.

10.Finally, there must be way to evaluate the social responsibility plan.

By following these ten steps a companies can get started on the road to becoming a socially responsible company.

Sources:•http://www.slideshare.net/trevroberts/

factors-for-successful-projects

•http://www.ic.gc.ca/eic/site/csr-rse.nsf/eng/rs00129.html

•http://www.techvibes.com/blog/do-good-dont-talk-good-ten-steps-for-

starting-a-social-responsibility-program

Retrieved: March 13, 2014

Prepared by:

CJ Fajilan&

Ely Barnachea

BBTE 2-1