Zero waste. It's possible?

Project (PMI Methodology): No Waste

Expert Opinion: Mauricio Landwoigt, ADM, MSc, PMP, Consultant, Speaker

Case study

Israeli-Dutch startup Wasteless wants to take a bite out of food waste. Its AI-powered dynamic pricing engine automatically lowers the cost of perishable foods as they spend more time on store shelves: the closer a product is to its expiration date, the cheaper it is to buy.

The tool could be a game changer for supermarkets, where the company estimates that around 87% of food waste is due to expired products.

Expert Opinion

As a PMP-certified project manager with knowledge of project management and the PMBOK methodology, I can highlight how the PMBOK approach and practices can help reduce the waste mentioned in the Wasteless startup text.

The Project Management Body of Knowledge (PMBOK) is a guide published by the Project Management Institute (PMI) that describes standard practices and processes for managing projects. The seventh edition of the PMBOK reflects the range of development approaches, including predictive, traditional, adaptive, agile, and hybrid approaches.

This flexibility allows project managers to choose the most appropriate approach to deal with food waste in supermarkets, as is the case with Wasteless.

The PMBOK methodology offers a set of well-defined processes that can be applied to effectively manage the Wasteless project. Some of the relevant processes include:

1. Time Management: Time management involves creating schedules and setting deadlines for carrying out project activities. In the case of Wasteless, this process would be useful for establishing expiration dates and calculating price reductions based on how close those dates are.

2. Cost Management: Cost management is critical to dealing with food waste. Through this process, it is possible to estimate, control and reduce the costs associated with the Wasteless project, such as the cost of perishable food. The PMBOK methodology provides guidelines for planning and controlling costs in projects.

3. Risk Management: Risk management is essential to identify and mitigate the risks associated with the Wasteless project. This includes analyzing risks related to food waste, such as the possibility of expired products on the shelves, and developing strategies to reduce these risks. The PMBOK provides a framework for risk identification, assessment, response planning, and monitoring.

In addition, the PMBOK highlights the importance of effective communication, managing stakeholders, and adapting the approach according to the needs of the project.

These aspects are relevant for Wasteless as they involve collaborating with supermarkets and implementing the AI-based pricing tool to reduce food waste.

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Project Management Institute (PMI-USA), www.pmi.org

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Link, https://www.pmi.org/most-influential-projects-2021/top-10-by-industry/retail