Guide to Green Procurement as per PMBOK Guide Seventh Edition

Green Procurement, also known as sustainable procurement refers to the procurement process in which environmental considerations are taken into account along with financial and quality factors.

Importance:
Green Procurement is important because it allows corporations to reduce their carbon footprint and engage in responsible, sustainable business practices. It is a key element in reducing waste, conserving natural resources, promoting energy efficiency, reducing hazardous materials, and promoting the use of reusable and recyclable materials.

How It Works:
Green Procurement works by integrating environmental considerations into decisions on procurement. Companies assess what impact their purchases will have on the environment and choose the option that causes the least harm. In addition, Green Procurement also involves setting procurement policies that prioritise purchasing from companies whose processes are environmentally friendly.

Answering Questions on Green Procurement in Exam:
When answering questions on Green Procurement in an examination, ensure to keep in mind the key aspects of this procurement process. Understand the important role of policy setting, supplier selection, and the greater impact on reducing the adverse effects on the environment. Don't forget to highlight the benefits of green procurement and its role in achieving sustainable development, as this is a key concept of the PMBOK Guide Seventh Edition.

Exam Tips:
In an exam scenario, questions on Green Procurement could range from defining the concept, stating its importance, explaining its workings, or providing real-world examples of its application. Remember to focus on the holistic understanding of the concept and its application rather than merely focusing on the theoretical aspect. Match your answers with the guiding principles and themes of the PMBOK Guide Seventh Edition, and you are sure to ace any question on Green Procurement.