Mental Wealth and Development of Key Skills in Project Management

This report explores the concept of mental wealth and the development of key skills in project management. It discusses the importance of mental health and how it contributes to mental wealth. The report also delves into various skills such as digital proficiency, emotional intelligence, social intelligence, physical intelligence, cultural intelligence, cognitive intelligence, industry connections, community connections, and UEL give-back. These skills are essential for successful project management and contribute to overall mental well-being.

EG7034 Mental Wealth –
Engineering Management and
Project Organisation

Table of Contents
Introduction......................................................................................................................................1
Digital Proficiency (DP).........................................................................................................1
Emotional Intelligence Development (EID)...........................................................................1
Social Intelligence Development (SID)..................................................................................2
Physical Intelligence Development (PID)..............................................................................2
Cultural Intelligence Development (CID)..............................................................................2
Cognitive Intelligence (CI).....................................................................................................3
Industry Connections (IC)......................................................................................................3
Community Connections (CC)...............................................................................................3
UEL Give-Back (UGB)..........................................................................................................4
Reflective Logbook for Mental Wealth Competencies..........................................................4
Conclusion.......................................................................................................................................6
References........................................................................................................................................7

Introduction
Mental wealth refers to illustration of how successful individual is at management of the
content that is present in their mind. It deals with acknowledging the fluctuations which takes
place like up and down along with the times when individual needs some extra skill at the time
when their mental wealth is low (Dalcher, 2019). This is important that people look after their
mental health as it will lead to creation of mental wealth. It will make them rich in context of
mental health and they can spend more time in taking care of themselves and others surrounding
them. This report will provide an insight into reflection of certain skills that have been developed
while working in peculiar project and in journal.
Digital Proficiency (DP)
The measure of how efficaciously organisations as well as individuals can be engaged
within digital technology for benefits of both external and internal stakeholders is referred to as
digital proficiency (Daniel and Pasquire, 2019). This comprises of ways n which individual can
innovate, find solution for problems, improvised productivity and effectiveness in decision
making. This aspect assisted me within working in an adequate manner. By the usage of this skill
or capability I was able to think on different aspects related with this project and gather the
information by making use of different skills. It assisted me within having precise and detailed
information along with this certain queries that occurred were easily solved.
Emotional Intelligence Development (EID)
The capability of an individual for management as well as controlling their emotions as
well as possess abilities for handling various emotions is defined as emotional intelligence.
While working in a team, this is critical skill for a team leader. The five major elements
associated with this are self-regulation, social skills, empathy, motivation and self-awareness
(Galli, 2019). This aspect was developed while working on a project as various situations came
where it became difficult for me to handle things. The first thing which came to mind was to
leave working on the project but this is not feasible as for how long and how many time this can
be done. So, I thought to stick on the project no matter what the condition may be as everything
has solution for dealing with them.
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Social Intelligence Development (SID)
The capacity to know oneself as well as others is defined as social intelligence. It is
developed from experience that is being attained by working within the team as well as from
success or failure within the social settings (Gao and Chan, 2019). While working on project we
are involved with different people, they are not only team members but also the people from
whom information is being gathered. I have good communication skills but lacks whether person
is interested in communicating or not and this was experienced while gathering of information
with reference to the project. Along with this, each person of different opinions within the team
so avoid the situations of conflict a mutual understanding has to be developed that will assist
within formulation of important decisions for the same.
Physical Intelligence Development (PID)
The ability for detection along with actively management of balance among key chemical
within body by which individual can attain more, stress levels, live and work happily is referred
to as physical intelligence. This is a critical aspect as there are unprecedented alterations which
do not evolve like pace of change which leads individuals to stressed, threatened and
overwhelmed (Müller, Drouin and Sankaran, 2019). The conditions cannot be ascertained when
working on any project and different team members. If things go well then there will be happy
working environment but if not then stress will be created. This will have negative impact on
each individual as each will be frustrated and this will be seen at the end results which will be
attained. It is crucial to have physical development so that constructive environment prevails.
Cultural Intelligence Development (CID)
The skill that is related with working efficaciously within the culturally diverse
conditions is known as cultural intelligence. This is beyond the existent knowledge associated
with cultural sensitivity along with awareness of highlighting distinct capabilities and skill set
that are required for realising objectives within unlike conditions. It is associated with emotional
intelligence which picks up on wants, needs and emotions of others (Steen and Mellor-Clark,
2019). I have developed this skill while working with people who belongs to different culture
and understood that each have their own priorities as well as way of working. This skill is
mandatory to develop as it can increase the level of disputes, misunderstanding and a pessimistic
environment will be created that will hamper the mindset of each within the team.
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Cognitive Intelligence (CI)
It refers to abilities possessed by an individual for learning, reasoning, remembering, and
solving problems along with making relevant judgements. This is being contrasted with
emotional intelligence. This assisted me to learn different aspects related with the project along
with self development in terms of ways to communicate with different kinds (egoistic, short
tempered, rude etc.) of people and have information from them (Udagedara and Allman, 2019).
By collecting the adequate information the team discussion as conducted with reference to
whether our all queries are accomplished or not and with respect to that decisions were being
made so that project can be conducted as per desired manner and ensure that it is completed on
time.
Industry Connections (IC)
This is the critical aspect while working within the organisation as industry connection
has to be developed. An example can be taken to understand this concept like within Millennium
Mills the project for redevelopment was conducted, for this firm needs raw materials, labour,
engineers, designers and many more resources that are needed to complete the project. For this, it
is necessary that adequate connections are formulated with industries so that they can have
precise and on time resources as it will enable them to furnish their tasks within time as well as
desired standards. While working in a team for redevelopment project, the raw material was
needed and for this it was crucial to develop relations with suppliers. This has a strong impact on
success as well as failure of project (Wang and et. al, 2019).
Community Connections (CC)
Community denotes a social unit that have certain religion, norms, customs, identity or
values. The term community connection refers to identifying youth within the community who
are learning about or are looking forward to learn as well as connect with opportunities for
starting their business within the community (Werhane and et. al, 2019). The redevelopment
process is being carried out for welfare of society so this is necessary for me to understand their
requirement, their assets and community on the whole so that when project will be completed
they are satisfied. This also involves people can engage within the project for employment or
volunteering within the same with reference to external activities that are carried out.
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UEL Give-Back (UGB)
This involves engagement within in-house activities that comprises of mentoring other
team members who have volunteered within the project (Dalcher, 2019). This involves
furnishing services to other UEL departments to ensure that they are able to render adequate
services.
Reflective Logbook for Mental Wealth Competencies
Basis Mental
Wealth
Description Describe the
context
What went
well?
What
could be
improved?
How?
Comp
etenci
es
DP The ability to use ICT
effectively; to understand
the implications of the
proliferation of
technology and access to
information.
Technology was
used to gather
information from
different sources
along with
different aspects of
projects was
understood by this.
Precise
information
was gathered
All the
aspects
were not
covered
due to
lack of
time
EID The intrapersonal ability
to identify, assess, and
regulate one’s own
emotions and moods and
to use this information to
guide one’s thinking and
actions, anticipating the
consequences. E.g.
This involves
emotions that
occurs like
motivational
attitude, self-
awareness,
uncertainty etc.
I was motivate
as things were
as per plan and
there was self-
regulation as
each individual
was liable for
their own
activities
Ethics
while
formulatio
n of
decisions
can be
improvise
d
4

SID The interpersonal ability
to identify & understand
the underlying emotions
of individuals and
groups, enhancing
communication efficacy,
empathy and influence.
This involves
enhancement of
interaction
efficiency, creation
of influence and
empathy.
The leadership
was going well
and project
was carried out
as per required
standards.
There
was not an
active
listening
as each
was
perfect in
their roles.
PID The ability to perceive
and optimise your
responses to influence
your emotion, and effect
your behaviour. E.g.
• Self-discipline & self-
management
• Attention span /
reaction & response time
• Cognitive & muscle
memory
• Managing stress &
physical resilience
This enhances
the ability for
optimisation of
impact related
with emotions.
It help within
management
of physical
and
management
of stress.
The
response
time was
long.
CI The ability to acquire,
retain and use
knowledge, recognise,
pose and solve problems.
This aspect
assisted me
within learning
from different
aspects
associated with
the project
Amplified
the
knowledge
related with
the project.
The
analysis
was not
as per
require
results
CID The capability to relate
to and work effectively
across cultures including
Intercultural
interaction was
conducted which
It became
easy to
collect data
Someti
mes
conflicts
5

intercultural engagement,
cultural understanding
and intercultural
communication
Identity
Diversity
enhanced
interactive
capabilities
occurred
within
the
team.
Interventions IC The ability to understand
and effectively meet the
expectations of industry
partners, through outputs
and behaviours.
This assisted
within
meeting
requirement
of firm
Prospect of
industry
were met
Time
consumed
was more
CC Engagement with the
external community
through employment,
volunteering, or
participation in a external
project based activity.
It comprises
of
participation,
volunteering
and
employment
Active
participation
within the
work
External
factors
influenced
overall
project
UGB Engagement with
inhouse activities
including mentoring other
students, volunteering,
acting as a student rep or
ambassador, providing a
service to another UEL
department
Volunteering
services to
other
departments
This
enables
within
having
coordination
among
distinct
departments
Lack of
coordination
6

Conclusion
From above it can be concluded that, working on a project provides a wide range of
opportunities for development of skills and capabilities if they are being utilised in an adequate
manner. Along with this, by making use of digital technologies the success of project can be
ensured up to wide aspect as relevant information can be attained from this.
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References
Books & Journals
Dalcher, D. ed., 2019. Leading the Project Revolution: Reframing the Human Dynamics of
Successful Projects. Routledge.
Daniel, E.I. and Pasquire, C., 2019. Creating social value within the delivery of construction
projects: the role of lean approach. Engineering, Construction and Architectural
Management.
Galli, B.J., 2019. An Engineering Manager's Guide for Commonly Used Change Management
Approaches—From One Practitioner's Experience. IEEE Engineering Management
Review, 47(3), pp.118-126.
Gao, R. and Chan, A.P., 2019. 14 Managing construction safety in developing
countries. Construction Health and Safety in Developing Countries.
Müller, R., Drouin, N. and Sankaran, S., 2019. Organizational Project Management: Theory and
Implementation. Edward Elgar Publishing.
Steen, S. and Mellor-Clark, J., 2019. Evaluating the Efficiency of a Collaborative Learning
Network in Supporting Third Sector Organisations in the UK. In Evaluation of Health
Programs. IntechOpen.
Udagedara, R.S. and Allman, K., 2019. Organizational Dynamics and Adoption of Innovations:
A Study within the Context of Software Firms in Sri Lanka. Journal of Small Business
Management, 57(2), pp.450-475.
Wang, L. and et. al, 2019. Built environment and management: exploring grand challenges and
management issues in built environment. Frontiers of Engineering Management, pp.1-14.
Werhane, P.H. and et. al, 2019. The Role of Mental Models in Social Construction. In Systems
Thinking and Moral Imagination (pp. 105-127). Springer, Cham.
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