Project Management Institute (PMI) – Advancing the PM Profession

KEY TAKEAWAYS

• Project Management Institute develops globally recognized standards to ensure quality and consistency in project management practices.
• PMI offers certifications like the Project Management Professional (PMP), enhancing professionals’ skills and career prospects worldwide.
• PMI provides a platform for professionals to exchange ideas, access research, and contribute to the evolution of project management.

Our networked and interconnected world is a facilitator of globalization. Businesses today can attain worldwide audience or markets easily, which also bring about very stiff competition. For a company to be competitive in its products and services, it should be recognized and accepted internationally. Business leaders are turning to project management to be globally competitive, to consistently deliver results, and to successfully achieve business goals. Project management standards are helping companies to be more independent but collaborative, ensuring quality and clarity across all project phases. The Project Management Institute helps organizations and the PM profession through its recognized standards.

Introducing the Project Management Institute (PMI)

The PMI was founded in 1969 at the Georgia Institute of Technology as a non-profit organization. Among its objectives during its early years were to foster or promote professionalism in the field of project management, provide a forum or assembly where people can exchange and discuss PM problems, solutions and applications, help develop common terminology, and provide guidelines in career development, among others. Included in its objectives was to coordinate industrial and academic research efforts. In 1996, it produced the first PM Body of Knowledge. The seventh edition is the latest edition of the PMBOK. Today, the PMI is the world’s leading membership association for the PM profession.

PMP Certification and More

The Project Management Institute offers certifications to help prepare professionals meet the demands of projects and excel in any industry in the world. The Project Management Professional (PMP) is the most recognized credential in project management. People with this credential are sought after to lead projects all over the world. They can work in any industry, with any methodology and in any type of geography.

Would you like to become a PMP? These articles will get you started!

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The PMI also offers certifications in Program Management (PgMP) and Portfolio Management (PfMP). Some more others are Certified Associate in PM (CAPM), Professional in Business Analysis (PMI-PBA), Agile (PMI-ACP), Risk Management (PMI-RMP), and Scheduling (PMI-SP). The Institute publishes its certification process which provides details for the 5 steps. Every certification also has its own set of prerequisites for a person to be eligible to take the exam.

Learning

The Project Management Institute continues to provide not only a forum for its members and project professionals around the world through seminars and other events. It also continues to guide people in developing their PM careers through various learning and training opportunities. The PMI hosts articles and case studies about project management and related topics. It also offers research, insight, and thought leadership about the latest ideas from industry leaders. The Institute also offers online courses and webinars, tools and templates. It awards the Registered Education Provider designation to organizations that meet their standards for quality and effectiveness.

PMBOK Guide and Standards

The PMI develops and issues standards that is recognized as the foundation for PM knowledge. These foundational standards cover the areas of project, program, and portfolio management, as well as the organizational approach to project management. The PMBOK Guide (Project Management Body of Knowledge Seventh Edition) includes best practices and is the industry standard for all things project management. This latest PMBOK Guide is for every serious project management professional or for people in other management fields that see the practice’s importance and value in their line of work or career.

Advancing Careers, Maturing the Profession

The Project Management Institute is helping millions of project professionals around the world with its certifications, standards, education, and community. People are more knowledgeable, confident and prepared to face challenges of the modern and increasingly project-centric business landscape. As of 2016, there are now over 700,000 PMPs in the world who are enjoying higher pay and earning potential, as well recognition and respect. Learn more about the PMI by visiting them at Facebook, Twitter, LinkedIn, YouTube or Google+.