Project Management Institute

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Project Management Institute
Type Professional Organization
Founded 1969
Staff Gregory Balestrero, President and CEO
Area served Worldwide
Focus Project Management
Method Certification, Industry standards, Conferences, Publications
Revenue 80.4 MM (budget 2007)[1]
Employees 51-200 employees
Members 285,000+
Website www.pmi.org

The Project Management Institute (PMI) is a non-profit professional organization dedicated to advancing the state-of-the-art of project management.[2] It is the world's leading association for the project management profession.[3]

Contents

[edit] Overview

The Project Management Institute (PMI) sets standards, conduct research and provides education and professional exchange opportunities designed to strengthen and further establish the professionalism. This institute aims to advance the careers of practitioners and enhance the performance of business and other organizations. This is done by running and maintaining five credentials in project management:[3]


To serve its members and the profession, PMI has created industry standards, such as A Guide to the Project Management Body of Knowledge (PMBOK Guide), which has been recognized by the American National Standards Institute (ANSI)[4]. PMI also issues several professional certifications, produces industry and research publications, offers involvement in local chapters and holds four conferences, called “global congresses” around the world each year.

[edit] History

PMI was founded by a group of five volunteers in 1969. PMI has been recognized by the American National Standards Institute (ANSI) as an accredited standards developer.[5]

From 1997 to 2002, the president of PMI was Virgil R. Carter, under whom PMI experienced a 350 percent net growth in membership to 90,000-members and expanded its global component organizations in 120 countries. Carter also spearheaded PMI's financial growth from an $8 million budget in 1997 to $30 million in 2001.[6]

Carter was succeeded in 2002 by Gregory Balestrero, who brought more than 20 years in executive level association experience to the Project Management Institute.[7] Balestrero almost tripled the number of members again in the next seven years. His two primary goals for PMI are building a superior project management practice and gaining global acceptance for the profession. During his tenure, PMI has grown from 93,000 in 2002 to over 260,000 members in 2008 in over 150 countries worldwide.[7]

Currently in 2008 the organization has more than 260,000 members in more than 171 countries. PMI also has offices in Washington, D.C., and Beijing, China, as well as Regional Service Centres in Singapore, Brussels, Belgium and New Delhi, India. Recently, an office was also opened in Mumbai, India.

[edit] PMI Topics

 This section is written like an advertisement. Please help rewrite this section from a neutral point of view. (December 2008)

[edit] Certification

Although there are other project management certification programs, the PMI certifcations are widely acknowledged with the project management community.

PMI offers five professional certifications:

Its first certification offered was the PMP certification, which was launched in 1984.[8] Nearly 260,000 people now hold the PMP certification.[9] 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 maintain most PMI credentials, holders must earn Professional Development Units (PDUs) which can be earned a variety of ways such as taking classes, attending PMI global congresses, contributing to professional research or writing and publishing papers on the subject.[10]

[edit] Standards

PMI standards are targeted at projects, programs, people, organizations and the profession. Currently, they have published more than 10 standards:

  • A Guide to the Project Management Body of Knowledge (PMBOK Guide)
  • Construction Extension to the PMBOK Guide, Third Edition
  • Government Extension to the PMBOK Guide, Third Edition
  • The Standard for Program Management
  • The Standard for Portfolio Management
  • Practice Standard for Earned Value Management
  • Organizational Project Management Maturity Model (OPM3)
  • Practice Standard for Project Configuration Management
  • Practice Standard for Work Breakdown Structures—Second Edition
  • Project Manager Competency Development Framework—Second Edition

According to PMI, standards are developed with the help of volunteers in a three step process including an exposure draft process that allows the public to view the standard draft and include change suggestions.[11]

[edit] PMI Global Congresses

Four PMI global congressess[12] are held each year in the different regions of the world—North America, Latin America, Asia Pacific and Europe, Middle East and Africa (EMEA). These professional networking and educaiton events are open to everyone and include presentation topics in different Areas of Focus such as "Trends in Project Management," "Communication" and "Consulting Skills."

PMI certification holders[13] can earn Professional Development Units (PDUs)for attending congress sessions and other pre- and post-congress events like the PMI Research Program Working Session and the PMI Standards Program Working Session.

At the PMI Global Congress 2008—North America in Denver, Colorado, General Colin Powell will give the keynote address.[14]

[edit] Researching the Value of Project Management

In July 2008, PMI released preliminary results from its "Researching the Value of Project Management"[15] study. Conducted with Athabasca University, the study was led by principal investigators Janice Thomas, Ph.D.,[16] and Mark Mullaly, PMP. The multi-million dollar study, which involves more than 60 case studies from organizations around the world and more than 440 interviews with project managers, suppliers and contractors, set out to prove that project management does equal organizational success.

In "Solid Proof", a supplement on the study, Mark Mullaly said of the studies results: "We have clear, compelling evidence of value, and at the same time we have demonstration that value is being leveraged in different ways in different organizations both in terms of the tangible things they think they're looking for [and the intangible], but the intangible seems to deliver the greatest value to the greatest number of organizations."[17]

[edit] PMI Scheduling Professional Credential

In 2008 PMI launched a new credential called the PMI Scheduling Professional credential (PMI-SP)SM for project team members who specialize in scheduling.[18]

To receive the credential, you must meet certain eligibility requirements set by PMI. For those with bachelor degree holders, that includes three to five years of project scheduling experience, a minimum of 3,500 hours of non-overlapping scheduling experience and 30 contact hours of formal education. For those with a high school diploma or associates degree, that includes three to five years of project scheduling experience, a minimum of 5,000 hours of non-overlapping scheduling experience and 40 contact hours of formal education.[19]

[edit] PMI Educational Foundation

PMI Educational Foundation was founded in 1990 by the Project Management Institute (PMI®). It is a non-profit, non-political, public charitable organization. As a charitable organization, it is dependent on contributions to provide the income necessary to undertake its purposes.

The PMI Educational Foundation has adopted the slogan "Empowering the future of project management" to demonstrate its commitment to advancing project management knowledge and the application of project management concepts and theory by society.

The purpose of the PMI Educational Foundation is to promote economic, educational, cultural, and social advancement through the application, development, and promotion of project management concepts, theories, and life skills.

The PMI Educational Foundation has a goal: to enrich lives through knowledge of and education in Project Management Life Skills.

[edit] References

  1. ^ The USD $80.4 million is the operating budget for 2007, approved the "PMI 2007–2008 Program Plan and Budget", approved by the PMI Board of Directors. (Source: PMI Board of Directors Meeting Minutes Summary 19-20 October 2006, Seattle, WA USA).
  2. ^ Jon M. Wickwire et al. (2002). Construction Scheduling: Preparation, Liability, and Claims. p. 289.
  3. ^ a b Sebastian Nokes, Sean Kelly (2007). The Definitive Guide to Project Management: The Fast Track to Getting. p.331.
  4. ^ ANSI/PMI 99/001/2004 A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Third Edition
  5. ^ http://publicaa.ansi.org/sites/apdl/Documents/Standards%20Activities/American%20National%20Standards/ANSI%20Accredited%20Standards%20Developers/OCT08ASD.pdf
  6. ^ "ASME names new executive director" in: ASME news May 2002.
  7. ^ a b NASA Project Management Challenge 2007.. Accessed 2 December 2008.
  8. ^ http://www.certmag.com/read.php?in=1851
  9. ^ http://www.gantthead.com/blog/Project-Management-2.0/?userTagIDSort=20
  10. ^ http://www.pmhut.com/10-quick-and-easy-ways-to-earn-pdus-for-re-certification
  11. ^ http://www.pmi.org/Resources/Pages/Standards-Development.aspx
  12. ^ PMI global congressess
  13. ^ PMI certification holders
  14. ^ http://www.pmforum.org/blogs/news/2008/06/general-colin-powell-to-keynote-pmi.html
  15. ^ Researching the Value of Project Management
  16. ^ http://www.mba.athabascau.ca/titan/aucimwebsite.nsf/AllDoc/731902b120d74fc0872574830066dce3!OpenDocument&Click=
  17. ^ http://proggex.com/downloads/PMNSupp200808.pdf
  18. ^ http://www.scheduleassociates.com/scheduling-professional.asp
  19. ^ http://www.mosaicprojects.com.au/Training-Planning.html
 This article needs references that appear in reliable third-party publications. Primary sources or sources affiliated with the subject are generally not sufficient for a Wikipedia article. Please add more appropriate citations from reliable sources. (November 2006)

[edit] External links

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