PMI logo. The Project Management Institute (PMI) publishes standards associated with project management as well as manages certification. Its headquarters come in Newtown Square, outside Philadelphia, Pennsylvania.
Overview PMI, founded by 5 volunteers and incorporated in 1969, has published several standards related to be able to PM skills, and manages several amounts of certification. A Guide to the Project Management Body of Knowledge is currently in its next edition, and is the sole ANSI standard with regard to managers. The levels of certification are (CAPM), (PMP), (PgMP) and the latter being heightened.
Membership As regarding 2006, PMI reported above 220, 010 members and over 180, 000 PMP certificants inside 175 countries. There are greater than 250 local PMI chapters situated in 67 countries, and 30 Particular Interest Groups (SIGs).
Certification Over forty four, 000 PMP accreditations expire annually; a PMP should document ongoing experience and education every 36 months to keep their certification current. This experience as well as education is calculated in Professional Advancement Units (or perhaps PDU's) and can be earned from a variety of sources (such as taking or teaching classes focused on the PM discipline).
Not For Income Status The PMI is self-described as a "not-for-profit" organization. It has been widely questioned if it had been established and is currently maintained for the betterment with the PM discipline or perhaps for profit. PMI attaches costs to various activities related to acquiring and sustaining the PMP accreditation (e. g. membership fees, certification fees, materials revenue, class fees, etc.)#) nevertheless there does not seem to be any corresponding monetary outlays related to same. As hinted at above, even the trainers for various lessons are volunteers that are paid in the form of PDU's. This free labor allow the PMI to appreciate significant and continuing streams of earnings with minimal expenses.
Operational Goals It is often argued that when the organization does exist for the betterment of the PM discipline, it would help make its materials (namely, the PMBOK) available free of charge. Instead, it is copyrighted as well as fees are charged to acquire it (regardless of whether directly or in a roundabout way through joining like a paying member of the PMI).
To generate much more demand for the certification, the PMI is actually pushing an initiative to the professional sector: all project managers ought to be PMP certified. As firms embrace this 'ideal', they are pressing current and prospective employees to obtain the accreditation.
Join our PMP Boot Camp Classes so that you can pass the exam with the lostest PMP Certification Cost!