Integrating Circular Economy Principles in Project Management for Sustainable Development

Abstract

Satisfying sustainability in light of today's environmental concerns and with resource constraints has never been more urgent than it is in this day and age. It is traditional for project management to follow a linear approach, mainly concentrating on cost, quality, and timelines. The integration of circular economy (CE) principles brings a paradigm shift. It redesigns the life cycle of resources in a circular economy from the "take, make, dispose" principle to being restorative and regenerative by design (Marija Todorović & Vladimir Obradović, 2023).

Project managers are in a better position to champion the principles of the circular economy in the quest for sustainable development within the scope of their projects. This article will attempt to discuss an overview of what a circular economy is, how CE principles can be inculcated into project management, and how such principles, when applied in project management, can offer tangible benefits with the use of real case studies (Marija Todorović & Vladimir Obradović, 2023).

Keywords: Circular Economy Principles, Project Management, Sustainable Development

DOI: 10.7176/EJBM/16-9-06

Publication date: November 30th 2024