Project Management Institute: Difference between revisions

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

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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]

Overview

The Project Management Institute (PMI) sets standards, conducts research, and provides education and professional exchange opportunities designed to strengthen and further establish 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]

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

To serve its members and the profession, PMI has created industry standards, such as "A Guide to the Project Management Body of Knowledge", 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.

History

The Project Management Institute was founded in 1969 at the Georgia Institute of Technology by five volunteers: James Snyder, Gordon Davis, Eric Jennett, A.E. Engman, and Susan C. Gallagher. There initial goal was to establish an organization, where members could share their experiences in project management and to discuss issues.^[5] In 1999 the PMI has been accredited by the American National Standards Institute (ANSI) as an Standard Development Organization (SDO).^[4]

In 1996 the first edition of A Guide to the Project Management Body of Knowledge (PMBOK® Guide) was published. This book outlines project management knowledge areas, processes, and practices, and became a standard for generally recognized good practices in project management. The second edition published in 2000 is recognized by ANSI as standard ANSI/PMI 99-001-2000, and the third 2004 PMBoK Guide as standard ANSI/PMI 99-001-2004.^[4] In 2008, with its third edition, the PMBOK® Guide has sold more than a million copies worldwide.^[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.^[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.^[7] 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 says it 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.

Certification

Its first certification offered was the PMP certification, which was launched in 1984. Nearly 260,000 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 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.

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)
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.

References

^ 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).
^ Jon M. Wickwire et al. (2002). Construction Scheduling: Preparation, Liability, and Claims. p. 289.
^ ^a ^b Sebastian Nokes, Sean Kelly (2007). The Definitive Guide to Project Management: The Fast Track to Getting. p.331.
^ ^a ^b ^c Jan Van Bon (2006). Frameworks for IT Management. Van Haren Publishing. ISBN 9077212906. p.206
^ ^a ^b Michele Sliger and Stacia Broderick (2008). The Software Project Manager's Bridge to Agility. Addison-Wesley. ISBN 0321502752 p.26.
^ "ASME names new executive director" in: ASME news May 2002. Accessed 2 December 2008.
^ ^a ^b ^c NASA Project Management Challenge 2007.. Accessed 2 December 2008.

External links

PMI official website

[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.

[NoKe07-3] Sebastian Nokes, Sean Kelly (2007). The Definitive Guide to Project Management: The Fast Track to Getting. p.331.

[Bon06-4] Jan Van Bon (2006). Frameworks for IT Management. Van Haren Publishing. ISBN 9077212906. p.206

[SS08-5] Michele Sliger and Stacia Broderick (2008). The Software Project Manager's Bridge to Agility. Addison-Wesley. ISBN 0321502752 p.26.

[6] "ASME names new executive director" in: ASME news May 2002. Accessed 2 December 2008.

[NASA2007-7] NASA Project Management Challenge 2007.. Accessed 2 December 2008.

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@@ Line 1: / Line 1: @@
-{{POV|date=September 2008}}
+{{Advert|date=May 2009}}
+{{Infobox Non-profit
-{{Notability|date=September 2008}}
+| Non-profit_name   = Project Management Institute
-{{Primarysources|date=September 2008}}
+| Non-profit_logo   = [[Image:PMI-logo.png|200px]]
+| Non-profit_type   = Professional Organization
+| founded_date      = 1969
+| founder           =
+| location          =
+| origins           =
+| key_people        = [[Gregory Balestrero]], President and CEO
+| area_served       = Worldwide
+| focus             = Project Management
+| method            = Certification, Industry standards, Conferences, Publications
+| revenue           = 80.4 MM (budget 2007)<ref>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:  [http://www.pmi.org/PDF/ap_meetingminutesoct06.pdf PMI Board of Directors Meeting Minutes Summary 19-20 October 2006, Seattle, WA USA]).</ref>
+| endowment         =
+| num_volunteers    =
+| num_employees     = 51-200 employees
+| num_members       = 285,000+
+| owner             =
+| Non-profit_slogan =
+| homepage          = [http://www.pmi.org/ www.pmi.org]
+| tax_exempt        =
+| dissolved         =
+| footnotes         =
+}}
+The '''Project Management Institute''' (PMI) is a [[non-profit]] [[professional organization]] dedicated to advancing the state-of-the-art of [[project management]].<ref>Jon M. Wickwire et al. (2002). ''Construction Scheduling: Preparation, Liability, and Claims''. p. 289.</ref> It is the world's leading association for the project management profession.<ref name="NoKe07"> Sebastian Nokes, Sean Kelly (2007). ''The Definitive Guide to Project Management: The Fast Track to Getting''. p.331.</ref>
+== Overview ==
-{{Primarysources|date=November 2006}}
+The Project Management Institute (PMI) sets standards, conducts research, and provides education and professional exchange opportunities designed to strengthen and further establish 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:<ref name="NoKe07"/>
+* the Program Management Professional (PgMP).
+* the [[Project Management Professional]] (PMP),
+* the PMI Scheduling Professional (PMI-SP),
+* the PMI Risk Management Professional (PMI-RMP) and,
+* the Certified Associate in Project Management (CAPM).
+To serve its members and the profession, PMI has created industry standards, such as "[[A Guide to the Project Management Body of Knowledge]]", which has been recognized by the [[American National Standards Institute]] (ANSI).<ref name="Bon06"> Jan Van Bon (2006). ''Frameworks for IT Management''. Van Haren Publishing. ISBN 9077212906. p.206 </ref> 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.
-[[Image:PMI-logo.jpg|thumb|right|150px|PMI logo.]]
+== History ==
-The '''Project Management Institute (PMI)''' is a global member association and advocacy organization for the project management profession. PMI is the leading membership association for the project management profession.<ref>http://www.pmforum.org/diroforg/na.htm#pmi</ref>
+The Project Management Institute was founded in 1969 at the [[Georgia Institute of Technology]] by five volunteers: James Snyder, Gordon Davis, Eric Jennett, A.E. Engman, and Susan C. Gallagher. There initial goal was to establish an organization, where members could share their experiences in project management and to discuss issues.<ref name="SS08"> Michele Sliger and Stacia Broderick (2008). ''The Software Project Manager's Bridge to Agility''. Addison-Wesley. ISBN 0321502752 p.26.</ref> In 1999 the PMI has been accredited by the [[American National Standards Institute]] (ANSI) as an Standard Development Organization (SDO).<ref name="Bon06"/>
+In 1996 the first edition of [[A Guide to the Project Management Body of Knowledge]] (PMBOK® Guide) was published. This book outlines project management knowledge areas, processes, and practices, and became a standard for generally recognized good practices in project management. The second  edition published in 2000 is recognized by ANSI as standard ANSI/PMI 99-001-2000, and the third 2004 PMBoK Guide as standard ANSI/PMI 99-001-2004.<ref name="Bon06"/> In 2008, with its third edition, the PMBOK® Guide has sold more than a million copies worldwide.<ref name="SS08"/>
-== Certification ==
+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.<ref>[http://www.asmenews.org/archives/backissues/may02/features/carter.html "ASME names new executive director]" in: ASME news May 2002. Accessed 2 December 2008.</ref>
-PMI offers five professional certifications:
+Carter was succeeded in 2002 by [[Gregory Balestrero]].<ref name="NASA2007"> [http://pmchallenge.gsfc.nasa.gov/docs/2007GeneralSession/Balestero.pdf NASA Project Management Challenge 2007.]. Accessed 2 December 2008.</ref>  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.<ref name="NASA2007"/>  During his tenure, PMI has grown from 93,000 in 2002 to over 260,000 members in 2008 in over 150 countries worldwide.<ref name="NASA2007"/>
-[[Certified Associate in Project Management]] (CAPM<sup>®</sup>)<ref>http://jobsearchtech.about.com/od/educationfortechcareers/p/CAPM.htm</ref><br />
-[[PMI Risk Management Professional]] (PMI-RMP)<ref>http://www.projectsatwork.com/content/articles/243548.cfm</ref><sup>SM</sup><br />PMI Scheduling Professional credential (PMI-SP)<sup>SM</sup><ref>http://www.scheduleassociates.com/scheduling-professional.asp</ref><br />
-[[Program Management Professional]] (PgMP<sup>®</sup>)<ref>https://butrain.com/mdp/pgmp.asp</ref>  <br />
-[[Project Management Professional]] (PMP<sup>®</sup>)<ref>http://career-advice.monster.com/technology-skills/technology/Project-Management-Institute-Certif/home.aspx</ref>
+Currently in 2008 the organization says it 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.
-Its first certification offered was the PMP certification, which was launched in 1984.<ref>http://www.certmag.com/read.php?in=1851</ref> Nearly 260,000 people now hold the PMP certification<ref>http://www.gantthead.com/blog/Project-Management-2.0/?userTagIDSort=20</ref>. In 2007, it earned the ANSI/ISO/IEC 17024 accreditation from the [[International Organization for Standardization]] (ISO)<ref>http://www.ansi.org/conformity_assessment/personnel_certification/accredited_programs17024.aspx?menuid=4#PMI</ref>. Credential holders do not have to be members of PMI.
+== Certification ==
-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.<ref>http://www.pmhut.com/10-quick-and-easy-ways-to-earn-pdus-for-re-certification</ref>
+Its first certification offered was the PMP certification, which was launched in 1984. Nearly 260,000 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 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.
 == 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)
-PMI has been recognized by the [[American National Standards Institute]] (ANSI) as a accredited standards developer<ref>http://publicaa.ansi.org/sites/apdl/Documents/Standards%20Activities/American%20National%20Standards/ANSI%20Accredited%20Standards%20Developers/OCT08ASD.pdf</ref>.
+* Construction Extension to the PMBOK Guide, Third Edition
+* Government Extension to the PMBOK Guide, Third Edition
-PMI standards are targeted at projects, programs, people, organizations and the profession. Currently, they have published more than 10 standards:<br />
+* The Standard for Program Management
-[[A Guide to the Project Management Body of Knowledge]] (''PMBOK''<sup>®</sup> ''Guide'')<br />
+* The Standard for Portfolio Management
-''Construction Extension to the'' ''PMBOK''<sup>®</sup> ''Guide'', Third Edition<br />
+* Practice Standard for Earned Value Management
-''Government Extension to the'' ''PMBOK<sup>®</sup> Guide'', Third Edition <br />
+* Organizational Project Management Maturity Model (OPM3)
-''The Standard for Program Management''<br />
-''The Standard for Portfolio Management''<br />
+* Practice Standard for Project Configuration Management
-''Practice Standard for Earned Value Management'' <br />
+* Practice Standard for Work Breakdown Structures&mdash;Second Edition
+* Project Manager Competency Development Framework&mdash;Second Edition
-''[[Organizational Project Management Maturity Model]]'' (''OPM3''<sup>®</sup>)<br />
-''Practice Standard for Project Configuration Management''<br />
-''Practice Standard for Work Breakdown Structures''--Second Edition <br />
-''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. <ref>http://www.pmi.org/Resources/Pages/Standards-Development.aspx</ref>
-== PMI Global Congresses ==
-Four [http://congresses.pmi.org/ PMI global congressess] 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."
-[http://www.pmi.org/CareerDevelopment/Pages/Our-Credentials.aspx PMI certification holders] 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.<ref>http://www.pmforum.org/blogs/news/2008/06/general-colin-powell-to-keynote-pmi.html</ref>
-== Overview & Membership ==
-PMI was founded by a group of five volunteers in 1969. Currently, the organization has more than 260,000 members in more than 171 countries.
-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)<ref>[http://webstore.ansi.org/RecordDetail.aspx?sku=ANSI%2FPMI+99%2F001%2F2004 ANSI/PMI 99/001/2004 A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Third Edition<!-- Bot generated title -->]</ref>. 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.
-PMI also has offices in Washington, D.C., and Beijing, China<ref>http://www.pmi.org/AboutUs/Pages/Representative-Offices.aspx</ref>, as well as Regional Service Centres in Singapore, Brussels, Belgium and New Delhi, India.<ref>http://www.pmi.org/AboutUs/Pages/Regional-Service-Centre-Contacts.aspx</ref> Recently, an office was also opened in Mumbai, India.<ref>http://www.pmforum.org/blogs/news/2008/04/pmi-opens-office-in-mumbai-india.html</ref>
-== Researching the Value of Project Management ==
-In July 2008, PMI released preliminary results from its ''[http://www.pmi.org/Value/default.htm Researching the Value of Project Management]'' study. Conducted with [[Athabasca University]], the study was led by principal investigators Janice Thomas, Ph.D.,<ref>http://www.mba.athabascau.ca/titan/aucimwebsite.nsf/AllDoc/731902b120d74fc0872574830066dce3!OpenDocument&Click=</ref> 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:
-<blockquote>
-"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."<ref>http://proggex.com/downloads/PMNSupp200808.pdf</ref>
-</blockquote>
-== PMI Scheduling Professional Credential ==
-In 2008 PMI launched a new credential called the PMI Scheduling Professional credential (PMI-SP)<small>SM</small> for project team members who specialize in scheduling. <ref>http://www.scheduleassociates.com/scheduling-professional.asp</ref>
-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 minimuc 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 segree, 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.<ref>http://www.mosaicprojects.com.au/Training-Planning.html</ref>
+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.
-==See also==
-*[[Master of Project Management]]
-*[[Project Management Professional]]
-*[[Program Management Professional]]
-*[[Certified Associate in Project Management]]
-*[[A Guide to the Project Management Body of Knowledge]]
-*[[Organizational Project Management Maturity Model (OPM3)]]
 ==References==
@@ Line 82: / Line 74: @@
 *[http://www.pmi.org/ PMI official website]
+[[Category:Business and finance professional associations]]
 [[Category:Project management]]
-[[Category:Professional titles]]
-[[Category:Professional associations]]
 [[Category:Standards organizations]]
@@ Line 91: / Line 82: @@
 [[es:Project Management Institute]]
 [[fr:Project Management Institute]]
+[[ja:プロジェクトマネジメント協会]]
 [[pl:Project Management Institute]]
 [[pt:PMI]]
 [[ru:Институт по Управлению Проектами]]
 [[uk:PMI]]
+[[vi:Viện Quản lý Dự án]]