The concepts of sustainability and corporate responsibility are gaining importance in our globalised economy. They have been increasingly influencing business and project objectives and it is becoming imperative that they are incorporated into the practice of project management. This unit of study embraces this new reality by providing students with an expanded understanding of value creation and how this is delivered through projects. The emphasis is on using projects to deliver value not only in terms of economic capital but also developing social capital and preserving natural capital. These will be underpinned by an appreciation of the standards, principles and frameworks that exist, both in Australia and internationally, to govern the preservation of the environment and increase the development of social capital. Case studies will be used to create learning processes as students consider and confront the dilemmas that project managers face as they strive to deliver shareholder value, whilst considering social and environmental impacts these projects may have. Cases discussed in this unit will allow students to explore both the opportunities and pitfalls companies and non-government organisations face in targeting sustainability issues and how their values and core assumptions impact their business strategies. Concepts such as corporate responsibility, the triple bottom line, the business case for sustainability, supply chain management and responsible purchasing and knowledge management will be discussed and students will consider how these influence project delivery.