Sustainability principles as applied to the value management of projects

Sustainability is important for the projects because if not that may result to a huge impact on the environment. As a result there is a pressure in order to examine projects more sustainably, so that they meet the needs of society without compromising the needs of others or jeopardizing the future survival of humanity on earth. In the current context Value can no be no longer intentified with profit to the stakeholders if environmental and social criteria are, not taken into consideration in the decision making process. Until now several applications have been reported the main aim of which was to increase the sustainable value of industry products. The objective of this paper is to investigate and evaluate the significance of different,policies in Greece suggested for the application of sustainability indices in various phases of projects' value during its life cycle. The application of tools such as Life Cycle Assessment used to estimate the Sustainable Development of projects within Value Analysis framework according to the existing Legislation is also under research. A Questionnaire survey of was carried out in order to obtain experience of project stakeholders academics and government employees involved in implementing sustainability issues. The findings indicate that although sustainability criteria are recognised as essential their use is limited.