Project Management Institute

Project Management Institute

Type	Professional Organization
Founded	1969
Key people	Mark A. Langley, President and CEO^[1] ; Gregory Balestrero, CEO Emeritus
Area served	Worldwide
Focus	Project management
Method	Certification, Industry standards, Conferences, Publications
Revenue	80.4 MM (budget 2007)^[2]
Employees	51-200 employees
Members	341,900+
Website	www.pmi.org

The Project Management Institute (PMI) is a not-for-profit professional organization for the project management profession with the purpose of advancing project management.^[3]

1 Overview
2 Certification
3 Standards
4 See also
5 References
6 External links

Overview

The Project Management Institute (PMI) offers a range of services to the Project Management profession such as the development of standards, research, education, publication, networking-opportunities in local chapters, hosting conferences and training seminars, and maintaining multiple credentials in project management. These credentials are:^[4]

Certified Associate in Project Management (CAPM)
Project Management Professional (PMP)
PMI Scheduling Professional (PMI-SP)
PMI Risk Management Professional (PMI-RMP)
Program Management Professional (PgMP)

In addition to career development credentials, PMI offers one certification:

Organizational Project Management Maturity Model Certified Consultant (OPM3-CC)

PMI has recruited volunteers to create industry standards, such as "A Guide to the Project Management Body of Knowledge", which has been recognized by the American National Standards Institute (ANSI).^[5]

Certification

Launched in 1984, PMI's first certification was the PMP. Around 370,000 people now hold the PMP certification. In 2007, it earned the ANSI/ISO/IEC 17024 accreditation from the International Organization for Standardization (ISO). Credential holders do not have to be members of PMI.

To initially obtain a PMI credential, individuals must pass an examination consisting of multiple choice questions. To maintain most PMI credentials, holders must earn Professional Development Units (PDUs) which can be earned in a variety of ways such as taking classes, attending PMI global congresses, contributing to professional research or writing and publishing papers on the subject. Most credentials must be renewed every three years.

Standards

PMI standards are targeted at projects, programs, people, organizations and the profession. Currently, some of the published standards are:

A Guide to the Project Management Body of Knowledge (PMBOK Guide) -- Fourth Edition (2008). Recognised by the American National Standards Institute (ANSI) as an American National Standard (ANSI/PMI 99-001-2008).
The Standard for Program Management—Second Edition (2008). Recognised by the American National Standards Institute (ANSI) as an American National Standard (ANSI/PMI 08-002-2008).
The Standard for Portfolio Management—Second Edition (2008). Recognised by the American National Standards Institute (ANSI) as an American National Standard (ANSI/PMI 08-003-2008).
Organizational Project Management Maturity Model (OPM3) -- Second Edition (2008). Recognised by the American National Standards Institute (ANSI) as an American National Standard (ANSI/PMI 08-004-2008).
Construction Extension to the PMBOK Guide—Second Edition (2007)
Government Extension to the PMBOK Guide—Third Edition
Practice Standard for Earned Value Management (2005)
Practice Standard for Project Configuration Management (2007)
Practice Standard for Work Breakdown Structures—Second Edition (2006)
Practice Standard for Project Risk Management (2009)
Practice Standard for Scheduling (2007)
Project Manager Competency Development Framework—Second Edition (2007)

According to PMI, standards are developed by volunteers in an open, consensus-based process including an exposure draft process that allows the public to view the standard draft and make change suggestions.

References

^ Mark Langley, President and Chief Executive Officer. at pmi.org. Accessed February 7, 2011.
^ "PMI Board of Directors Meeting Minutes Summary". Seattle. 19–20 October 2006. http://www.pmi.org/PDF/ap_meetingminutesoct06.pdf.
^ Wickwire, Jon M.; et al. (2002). Construction Scheduling: Preparation, Liability, and Claims. p. 289.
^ Nokes, Sebastian; Kelly, Sean (2007). The Definitive Guide to Project Management: The Fast Track to Getting. p. 331.
^ Van Bon, Jan (2006). Frameworks for IT Management. Van Haren Publishing. p. 206. ISBN 9077212906.

External links

PMI official website