Project Management Institute
|Headquarters||Newtown Square, Pennsylvania, United States|
|Key people||Mark A. Langley, President and CEO; Gregory Balestrero, CEO Emeritus|
|Method||Certification, Industry standards, Conferences, Publications|
|Revenue||80.4 MM (budget 2007)|
|Motto||“building professionalism in project management...”|
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.
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).
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, candidates must document that required education and experience requirements have been met through the application process. Following verification, candidates 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.
Over time, PMI has introduced many other certifications and credentials. A full, updated list can be viewed at PMI official web site http://www.pmi.org. However, at the time of writing this part of the articles, these are the certifications and credentials offered by PMI:
- Certified Associate in Project Management (CAPM)®
- Project Management Professional (PMP)®
- Program Management Professional (PgMP)®
- PMI Agile Certified Practitioner (PMI-ACP)®
- PMI Risk Management Professional (PMI-RMP)®
- PMI Scheduling Professional (PMI-SP)®
- OPM3® Professional Certification
According to PMI official web site http://www.pmi.org, the standards they develop and publish fall into three main categories:
- Foundational Standards
- Practice Standards and Frameworks
- PMI Standards Extensions
Here is a list of the standards belonging to each category:
- A Guide to the Project Management Body of Knowledge (PMBOK Guide) -- Fifth Edition (2012). Recognised by the American National Standards Institute (ANSI) as an American National Standard (BSR/PMI 99-001-201x).
- The Standard for Program Management -- Third Edition (2012). Recognised by the American National Standards Institute (ANSI) as an American National Standard (BSR/PMI 08-002-201x).
- The Standard for Portfolio Management -- Third Edition (2012). Recognised by the American National Standards Institute (ANSI) as an American National Standard (BSR/PMI 08-003-201x).
- Organizational Project Management Maturity Model (OPM3) -- Second Edition (2008).
Practice Standards and Frameworks
- Practice Standard for Project Risk Management (2009)
- Practice Standard for Earned Value Management -- Second Edition (2011)
- Practice Standard for Project Configuration Management (2007)
- Practice Standard for Work Breakdown Structures -- Second Edition (2006)
- Practice Standard for Scheduling -- Second Edition (2011)
- Practice Standard for Project Estimating (2010)
- Project Manager Competency Development Framework -- Second Edition (2007)
PMI Standards Extensions
- Construction Extension to the PMBOK Guide -- Third Edition (2007)
- Government Extension to the PMBOK Guide -- Third Edition (2006)
Combined Standards Glossary
In addition to the above standards, PMI publishes a combined glossary, which provides a comprehensive, alphabetized list of all the acronyms, glossary terms and definitions from the currently published PMI standards publications:
- Combined Standards Glossary - Third Edition. Recognised by the American National Standards Institute (ANSI) as an American National Standard (PMI-978-1-933890-27-2).
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.
See also 
- A Guide to the Business Analysis Body of Knowledge
- Body of Knowledge
- Center of Excellence in Project Management
- 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.
- Wickwire, Jon M.; et al. (2002). Construction Scheduling: Preparation, Liability, and Claims. p. 289.
- Van Bon, Jan (2006). Frameworks for IT Management. Van Haren Publishing. p. 206. ISBN 90-77212-90-6.