Project Sustainability Plan is a document that describes how the project management is going to respond certain changes, events, emergencies, or other factors which might challenge viability and relevance of their projects. Of course, project sustainability planning is a process that should be embedded into activities of the early project planning stages, as effective sustainability plans can help an organization in obtaining serious investors and gaining community support.
Such a plan is not usually included into a standard portfolio of project documents, however, your potential investors may ask you, as a project initiator, to deliver them such a plan in which you should approve sustainability of the project against certain threats or factors that they will outline for you (let’s say inflation, terrorism, political changes, etc).
A project sustainability plan should answer the questions:
- How relevance and realism of the project assumptions will be maintained over time?
- What margin of sustainability the project has and how it is measured?
- How the current situation (recent changes) affects the project viability and relevance?
- How the project plan and assumptions will be adapted to recent changes?
- How the long-term sustainability will be secured?