Seize The Initiative Proactively: Unraveling Resilience Mechanism for Mega Projects
Date
Type
Language
Reading access rights:
Rights Holder
Conference Date
Conference Place
Conference Title
ISBN, e-ISBN
Container Title
Department
Version
Faculty
Subject Area
Subject Field
Subject (OSZKAR)
Mega project management
Resilience management
Structure Equitation Modeling
Gender
University
- Cite this item
- https://doi.org/10.3311/CCC2024-014
OOC works
Abstract
Mega projects are critical drivers of economic growth and societal development. Modern landscape is characterized by unprecedented levels of uncertainty and volatility stemming from factors such as rapid technological advancements, climate change, and global pandemics. Traditional project management, however, approaches primarily focus on risk mitigation strategies, which may not adequately address the multifaceted nature of disruptions encountered by mega projects. Project resilience emphasizes preadaptation and responding to disturbances, providing a holistic framework that enhances project performance and ensures continuity in the face of adversity. Therefore, delving into the mechanisms that drive resilience in mega projects promises to inform more effective management practices and ultimately foster greater project success. This study pioneers the integration of resilience as a management perspective in mega projects, probing whether bolstering project resilience can effectively elevate project performance. Based on previous research, reactive and proactive resilience are identified as two different management strategies. A research framework is established to explore the relationship between these two resilience management strategies and project performance. By surveying over 300 experts involved in such projects and employing Structural Equation Modeling (SEM), the result shows that both reactive and proactive resilience significantly enhance both anticipated outcome and added value of project performance. Furthermore, it is found that proactive resilience emerges as the primary driver of project success. The study underscores the pivotal role of both types of resilience in project performance enhancement. Leveraging these insights, the study proposes managerial recommendations such as establishing a culture of learning to fortify project resilience, thus paving the way for further exploration in this critical domain of mega project management.