Regenerative project management: conceptual foundations

Abstract

Regenerative project management is a new direction of project management that develops the ideas of sustainable development. It is aimed at the active restoration and prosperity of ecological, social, and economic systems. The conceptual foundations of regenerative project management, its relation to the regenerative economics concept, and the possibilities of its application within the framework of the ICB4 and GPM P5™ international standards have been investigated. The evolution of economic systems from traditional and green to sustainable, restorative, and regenerative has been analyzed, and their impact on three key components of sustainability such as economy, society, and ecology has been demonstrated. Special attention has been paid to the ICB4 and GPM P5™ international standards, which integrate the principles of sustainable and regenerative management, including ecosystem restoration, biological diversity, and adaptability. The study is theoretical in nature. The prospects for further research include practical cases analysis, the search for the use of the regenerative management principles in other international standards, a methodology and algorithm for selecting criteria for regenerative projects development. The study contributes to project management development by proposing a transition from the sustainability concept to regenerative management as a strategy for long-term prosperity.