The article is devoted to management of corporate sustainability program with project management tools. Corporate sustainability describes business strategy and ongoing activity built around social and environmental considerations. Though corporate sustainability programs are implemented through projects, there is little research on application of project management tools to realization of such programs. The present study has gone some way towards enhancing our understanding of interrelation between implementation of corporate sustainability strategy and project management tools used in an organization.

Increasing organization efficiency with project approach techniques is one of the topic problems in project management. Nowadays, foreign literature parallels the introduction of changes in the organization (including those aimed at improving the effectiveness of companies� activities) and project management, but in Russian business practice and between academics there is no common approach to this problem. This article examines the role of the projects which are not pointed ongetting of additional cash flow and aimed at improving the efficiency of the organization; also the authors offer options their typology.

The article addresses the problem of project portfolio selection in the field of sustainable development. Actuality of this research paper resides in the fact that many companies, in an effort to integrate the principles of sustainable development in business processes, start by creating a sustainable strategy and face a large number of challenges at the implementation stage. Project portfolio management is one of the tools for implementing the strategy. In this paper new approaches of sustainability strategy implementation and criteria for project portfolio selection have been proposed.

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