PMI logo. The Project Management Institute (PMI) publishes standards related to project management and manages certification. Its headquarters come in Newtown Square, outside Philadelphia, Pennsylvania.

Overview PMI, founded by several volunteers and integrated in 1969, has published a number of standards related to be able to PM skills, and manages several numbers of certification. A Guide for the Project Management Body of Knowledge is currently in its third edition, and is the only real ANSI standard with regard to managers. The levels regarding certification are (CAPM), (PMP), (PgMP) and also the latter being more advanced.

Membership As of 2006, PMI reported over 220, 010 members and also over 180, 000 PMP certificants in 175 countries. There are a lot more than 250 local PMI chapters located in 67 countries, and 30 Specific Interest Groups (SIGs).

Certification Over forty four, 000 PMP accreditations expire annually; a PMP should document ongoing knowledge and education every three years to keep their particular certification current. This experience as well as education is measured in Professional Development Units (or perhaps PDU’s) and will be earned from many different sources (such as taking or teaching classes focused on the PM self-control).

Not For Income Status The PMI is self-described being a “not-for-profit” organization. It has recently been widely questioned if it absolutely was established and is currently maintained for the betterment from the PM discipline or perhaps for profit. PMI attaches charges to various activities linked to acquiring and maintaining the PMP qualification (e. g. membership fees, certification fees, materials revenue, class fees, etc.)#) nevertheless there does not appear to be any corresponding monetary outlays related to same. As hinted from above, even the teachers for various lessons are volunteers who’re paid in the form of PDU’s. This free labor enable the PMI to appreciate significant and continuous streams of income with minimal costs.

Operational Goals It is often argued that if the organization does exist for that betterment of the particular PM discipline, it would make its materials (specifically, the PMBOK) available cost-free. Instead, it is copyrighted and fees are charged to acquire it (regardless of whether directly or indirectly through joining being a paying member of the PMI).

To generate a lot more demand for the actual certification, the PMI will be pushing an initiative to the professional sector: all project managers should be PMP certified. As firms follow this ‘ideal’, they are pressing current and prospective employees to find the accreditation.

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