The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability
The due economy of projects is a catchword nowadays in the world. Advancement in project sustainability has reshaped the banking across the globe forcing companies to perform tasks and activities in the form of projects; resilience, stress management are some of the factors that redesign project sustainability. This cross-sectional study investigates the impact of resilience and stress management on project sustainability also making a contribution by analyzing the association of resilience and stress management. The beta values and results show in favor of acceptance of the entire hypothesis. The data was collected from the members of the project team working on a diverse project in the banking sector of Pakistan. The instrument used to collect the data was questionnaires to measure each variable. Pearson correlation and stepwise hierarchal regression were used to analyze the data. The study at the end highlights valuable findings and recommendations for the future and the researchers offer practical guidance further professionalizing Project Management.
-
Resilience, Stress Management, and Project Sustainability
-
(1) Syed Ali Naqi Kazmi
Research Scholar, National Defence University, Islamabad, Pakistan.
(2) Asia Baig
Demonstrator, Department of Economics. Abdul Khan University Mardan, Mardan, KP, Pakistan.
(3) Muhammad Zia-Ur Rehman
Assistant Professor, National Defence University,Islamabad, Pakistan.
- Aldwin, C. M. (1994). Stress, coping, and development: An integrative perspective. New York Guilford
- Ahern.j.,2011. From fail-safe to safe-to-fail: Sustainability and resilience in the new urban world.Volume 100, Issue 4, Landscape and Urban Planning,Pages 341-343
- Anbari, F. T., Bredillet, C. N., & Turner, J. R. (2008). Perspectives on Research in Project Management. Academy of Management Proceedings, 1-6.
- Andrew Hand, Jian Zuo, Bo Xia, Xiaohua Jin and Peng Wu. Are Green Project Management Practices Applicable to Traditional Projects?
- Alvarez-Dionisi, L.E., Turner, R. and Mittra, M. (2014), http://mgoconsultant.com.ar/blog/wp content/uploads/2014/11/Global-project-management-trends-Final-authors-prepublished-version-3.pdf
- Asad, S. and Khalfan, M.M.A. (2007),
- Bell, S and Morse, S. (2003), Measuring Sustainability Learning from doing, Earthscan, London.
- Barnard, L.T., Ackles, B. and Haner, J.L. (2011), Making Sense of Sustainability Project Management, Explorus Group Inc
- Bernard, B. (1995). Fostering Resilience in Children. Retrieved April 21, 2016 from BRATIANU, C. - Management and Marketing. University course, Bucharest, comunicare.ro Publishing, 2007. http://crahd.phi.org/papers/Fostering.pdf
- Chapman, Margaret - The emotional intelligence pocket book. U.K., Ed. Management Pocketbooks LTD, 2001.
- Carle, A., & Chassin, L. (2004). Resilience in a community sample of children of alcoholics: Its prevalence and relation to internalizing symptomatology and positive effect. Applied Developmental Psychology, 25, 577-595.
- Collishaw, S., Pickles, A., Messer, J., Rutter, N., Shearer, C., & Maughan, B. (2007). Resilience to adult psychopathology following maltreatment: evidence form a community sample.
- CIRIA. (2001). Sustainable construction procurement: A guide to delivering environmentally Davydov, D. M., Stewart, R., Ritchie, K., & Chaudieu, I. (2010). Resilience and mental health. Clinical Psychology Review, 30, 479e495. doi:10.1016/j.cpr.2010.03.003. Responsible projects.London: CIRIA
- Dugan, T., & Coles, R. (1989). The Child in Our Times. New York, NY: Brunner Mazel Publishers.
- Dinsmore, P.C. (1998), How grown-up is your organization?, PM Network, 12(6), p. 24- 26.
- Demerouti, E., Bakker, A. B., Nachreiner, F., & Schaufeli, W. B. (2001). The job demands-resources model of burnout. Journal of Applied Psychology, 86, 499- 512.
- Frazier, P., Tashiro, T., Berman, M., Steger, M., & Long, J. (2004). Correlates of levels and patterns of posttraumatic growth among sexual assault survivors. Journal of Consulting and Clinical Psychology, 72, 19-30.
- Gucciardi, D. F., Hanton, S., Gordon, S., Mallett, C. J., & Temby, P. (2015). The concept of mental toughness: tests of dimensionality, nomological network, and traitness. Journal of personality, 83(1), 26-44.
- Garmezy, N. (1993). Children in poverty: Resilience despite risk. Psychiatry, 56, 127-136
- Gilboa, S., Shirom, A., Fried, Y., & Cooper, C. (2008). A metaanalysis of work demand stressors and job performance: Examining main and moderating effects. Personnel Psychology, 61,227-271.
- Gareis, R., Huemann, M., Martinuzzi, R-A., Sedlacko, M. and Weninger, C. (2011),
- Goedknegt, D. (2012),
- Gareis, R., Heumann, M. and Martinuzzi, A. (2009)
- Hobfoll, S. E. (1989). Conservation of resources: A new attempt at conceptualizing stress. American Psychologist, 44, 513-524.
- Hobfoll, S. E. (2002). Social and psychological resources and adaptation. Review of General Psychology, 6, 307-324.
- Israel, G. D. (1992). Sampling the evidence of extension program impact. University of Florida Cooperative Extension Service, Institute of Food and Agriculture Sciences, EDIS.
- Kraemer, H. C., Kazdin, A. E., Offord, D. R., Vessler, R. C., Jensen, P. S., & Kupfer, D. J. (1997). Coming to terms with the terms of risk. Archives of General Psychiatry, 54, 337-343
- Kobasa, S. C. (1979). Stressful life events, personality, and health: An inquiry into hardiness. Journal of Personality and Social Psychology, 37 (1), 1-11.
- Lazarus, R. S., & Folkman, S. (1984). Stress appraisal and coping. New York: Springer
- Luis Emilio Alvarez-Dionisi,'Rodney Turner, & Mitali Mittra. Global Project Management Trends, IRNOP 2015, London, England.
- Lundin R.A. and Söderholm A. (1995),
- Labuschagne, C. and Brent, A. C. (2006),
- Labuschagne, C. and Brent, A. C. (2005),
- Luthar, S. S., & Cicchetti, D. (2000). The construct of resilience: implications for interventions and social policies. Development and Psychopathology, 12, 857e885.
- Luthar, S. S., & Cushing, G. (1999). Measurement issues in the empirical study of resilience: an overview. In M. D. Glanz, & J. L. Johnston (Eds.), Resilience and development: Positive life adaptations (pp. 129e160). New York: Plenum.
- Legge, J. (1895). (Trans. Kao Tsze.) The Works of Mencius (2nd ed.). Oxford: Clarendon Press.
- Luthar, S. S. (2006). Resilience in development: a synthesis of research across five decades. InD. Cicchetti, & D. J. Cohen (Eds.), Developmental psychopathology: Risk, disorder, and adaptation (2nd ed.). (pp. 740e795) New York: Wiley.
- Maltzman, R. and Shirley, D. (2010), Green Project Management, CRC press, Boca Raton, FL USA.
- Masten, A. S. (2011). Resilience in children threatened by extreme adversity: Frameworks for research, practice, and translational synergy. Development and Psychopathology, 23, 493-506.
- Masten, A. (1994). Resilience in individual development: Successful adaptation despite risk and adversity. In M.C. Wang & E.W. Gordon (Eds.), Educational resilience in inner-city America: Challenges and prospects (pp. 3-25). Hillsdale, NY: Lawrence Erlbaum.
- McKinlay, M. (2008).
- Masten, A.S. (2001). Ordinary magic: Resilience processes in development. American Psychologist, 56, 227-238.
- Masten, A. S., Hubbard, J. J., Gest, S. D., Tellegen, A., Garmezy, N., & Ramirez, M. (1999). Competence in the context of adversity: pathways to resilience and maladaptation from childhood to late adolescence. Development and Psychopathology,11, 143-169.
- National Geographic & Globescan. (2012). Greendex 2012: Consumer Choice and the Environment-A Worldwide Tracking Survey.
- Nattrass, B., & Altomare, M. (2001). The natural step for business. Gabriola Island, BC: New Society Publishers.
- O'Leary, V. E., & Ickovics, 3. R. (1995). Resilience and thriving in response to challenge: An opportunity for a paradigm shift in women's health. Women '.s Health: Research on Gendec Behavioc and Policy, I, 121-142.
- Oehlmann, I. (2011), The Sustainable Footprint Methodology, Lambert Academic Publishing, Cologne
- Project Management Institute. (2008). A guide to the project management body of knowledge (PMBOK® guide)-Fourth edition. Newtown Square, PA: Author.
- Pettersen, N. (1991). What do we know about the effective projectmanager?. International Journal of Project Management, 9 (2), 99-104.
- Robèrt, K.-H. (2002). The natural step story: Seeding a Quite Revolution. Canada: New Catalyst Books.
- Richardson, G. E. (2002). The metatheory of resilience and resiliency. Journal of Clinical Psychology, 58 (3), 307-321.
- Rutter, M. (1979). Protective factors in children's responses to stress and disadvantage. In M.W. Kent & J.E. Rolf (Eds.), Primary prevention in psychopathology: Social competence in children, 8, 49-1 A. Hanover, NH: University Press of New England
- Silvius, A.J.G., Schipper, R., 2014. Sustainability in project management: a literature review and impact analysis. Soc. Bus. 4 (1), 63-96. Silvius, A.J.G., Schipper, R., Planko, J., van den Brink, J., Köhler, A., 2012.Sustainability in Project Management. Gower Publishing, Farnham.
- Silvius, A.J.G. and Schipper, R. (2014),
- Silvius A.J.G. and Tharp, J. (Eds.) (2013), Sustainability Integration for Effective Project Management, IGI Global Publishing.
- Silvius A.J.G., Schipper, R., Planko, J., van den Brink, J. and Köhler, A. (2012), Sustainability in Project Management, Gower Publishing, Farnham
- Steele, S. (2013),
- Scheier, M. F., Matthews, K. A., Owens, J. F., Magovern, G. J. Sr., Lefebvre, R. C., Abbott, R. A. et al. (1989). Dispositional optimism and recovery from coronary artery bypass surgery: The beneficial effects on physical and psychological well-being. Journal of Personality and Social Psychology, 57 (6), 1024-1040
- Thomsen, K. (2002). Building Resilient Students. Thousand Oaks, CA: Corwin Press, Inc.
- Unger, M. (2005). Handbook for Working with Children and Youth. Thousand Oaks, CA: Sage Publications
- Weitlaner, E. (2013),
- Werbach, A. (2009). Strategy for sustainability. Boston, MA: Harvard Business Press.
- Werner, E. E., & Smith R. S. (1992). Overcoming the odds: high risk children from birth to adulthood. Ithaca, NY: Cornell University Press.
- Werner, E. E., & Smith, R. S. (1982). Vulnerable but not invincible: A longitudinal study of resilient children and youth. New York, NY: R. R. Donnelley and Sons, Inc.
Cite this article
-
APA : Kazmi, S. A. N., Baig, A., & Rehman, M. Z. (2018). The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability. Global Economics Review, III(I), 50-61. https://doi.org/10.31703/ger.2018(III-I).06
-
CHICAGO : Kazmi, Syed Ali Naqi, Asia Baig, and Muhammad Zia-Ur Rehman. 2018. "The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability." Global Economics Review, III (I): 50-61 doi: 10.31703/ger.2018(III-I).06
-
HARVARD : KAZMI, S. A. N., BAIG, A. & REHMAN, M. Z. 2018. The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability. Global Economics Review, III, 50-61.
-
MHRA : Kazmi, Syed Ali Naqi, Asia Baig, and Muhammad Zia-Ur Rehman. 2018. "The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability." Global Economics Review, III: 50-61
-
MLA : Kazmi, Syed Ali Naqi, Asia Baig, and Muhammad Zia-Ur Rehman. "The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability." Global Economics Review, III.I (2018): 50-61 Print.
-
OXFORD : Kazmi, Syed Ali Naqi, Baig, Asia, and Rehman, Muhammad Zia-Ur (2018), "The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability", Global Economics Review, III (I), 50-61
-
TURABIAN : Kazmi, Syed Ali Naqi, Asia Baig, and Muhammad Zia-Ur Rehman. "The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability." Global Economics Review III, no. I (2018): 50-61. https://doi.org/10.31703/ger.2018(III-I).06