26-415: The Project Management Institute ( PMI , legally Project Management Institute, Inc. ) is a U.S.-based not-for-profit professional organization for project management . PMI serves more than five million professionals including over 680,000 members in 217 countries and territories around the world, with 304 chapters and 14,000 volunteers serving local members in over 180 countries. Its services include
52-426: A NPO as they are not formed explicitly for the public good as an NPO must be, and NFPOs are considered "recreational organizations", meaning that they do not operate with the goal of generating revenue as opposed to NPOs. An NFPO does not have the same obligation as an NPO to serve the public good, and as such it may be used to apply for tax-exempt status as an organization that serves its members and does not have
78-517: A standard, framework, or practice guide, the PMI Lexicon of Project Management Terms offers clear and concise definitions for nearly 200 of the profession's frequently used terms. Definitions in the Lexicon were developed by volunteer experts, and PMI standards committees are chartered to use the Lexicon terms without modification. Version 3.2 contains numerous revised terms based on requests from
104-402: A standard, framework, or practice guide, the PMI Lexicon of Project Management Terms offers clear and concise definitions for nearly 200 of the profession's frequently used terms. Definitions in the Lexicon were developed by volunteer experts, and PMI standards committees are chartered to use the Lexicon terms without modification. Version 3.2 contains numerous revised terms based on requests from
130-415: 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. These are the certifications and credentials offered by PMI: PMI also provided a Certified OPM3 Professional credential which was officially discontinued on March 1, 2017. PMI no longer allows
156-413: 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. These are the certifications and credentials offered by PMI: PMI also provided a Certified OPM3 Professional credential which was officially discontinued on March 1, 2017. PMI no longer allows
182-437: Is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization. While not-for-profit organizations and non-profit organizations (NPO) are distinct legal entities, the terms are sometimes used interchangeably. An NFPO must be differentiated from
208-699: The Georgia Institute of Technology in 1969 as a nonprofit organization. It was incorporated in the state of Pennsylvania in the same year. PMI described its objectives in 1975 as to "foster recognition of the need for professionalism in project management; provide a forum for the free exchange of project management problems, solutions, and applications; coordinate industrial and academic research efforts; develop common terminology and techniques to improve communications; provide an interface between users and suppliers of hardware and software systems; and to provide guidelines for instruction and career development in
234-631: The Georgia Institute of Technology in 1969 as a nonprofit organization. It was incorporated in the state of Pennsylvania in the same year. PMI described its objectives in 1975 as to "foster recognition of the need for professionalism in project management; provide a forum for the free exchange of project management problems, solutions, and applications; coordinate industrial and academic research efforts; develop common terminology and techniques to improve communications; provide an interface between users and suppliers of hardware and software systems; and to provide guidelines for instruction and career development in
260-445: The 2017 foundational standard committees. PMI honors project management excellence in various categories, e.g.: project professionals, organizations, scholars, authors, and continuing professional education providers. [REDACTED] This article incorporates public domain material from the National Institute of Standards and Technology Not-for-profit A not-for-profit or non-for-profit organization ( NFPO )
286-795: The ANSI/ISO/IEC 17024 accreditation from the International Organization for Standardization (ISO). As of May 2020 , over one million people held the PMP credential. PMI later introduced other certifications. Credential holders do not have to be members of PMI. To initially obtain a PMI credential, candidates must first document that they have met the required education and experience requirements. They must then 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
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#1732780616205312-604: The ANSI/ISO/IEC 17024 accreditation from the International Organization for Standardization (ISO). As of May 2020, over one million people held the PMP credential. PMI later introduced other certifications. Credential holders do not have to be members of PMI. To initially obtain a PMI credential, candidates must first document that they have met the required education and experience requirements. They must then 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
338-871: The Project Management Body of Knowledge ", which has been recognized by the American National Standards Institute (ANSI). In 2012 ISO adapted the project management processes from the PMBOK Guide 4th edition. In the 1960s project management as such began to be used in the US aerospace, construction, and defense industries. The Project Management Institute was founded by Ned Engman (McDonnell Douglas Automation), James Snyder , Susan Gallagher (SmithKline & French Laboratories), Eric Jenett (Brown & Root), and J Gordon Davis (Georgia Institute of Technology) at
364-483: The US federal government directly; several members were federal employees in agencies involved with project management. In the 1980s, efforts were made to standardize project management procedures and approaches. The PMI produced the first Project Management Body of Knowledge (PMBOK) in 1996. In the late 1990s, Virgil R. Carter became president of the PMI. In 2002 Carter was succeeded by Gregory Balestrero , who directed
390-431: The US federal government directly; several members were federal employees in agencies involved with project management. In the 1980s, efforts were made to standardize project management procedures and approaches. The PMI produced the first Project Management Body of Knowledge (PMBOK) in 1996. In the late 1990s, Virgil R. Carter became president of the PMI. In 2002 Carter was succeeded by Gregory Balestrero , who directed
416-428: The development of standards, research, education, publication, networking opportunities in local chapters, hosting conferences and training seminars, and providing accreditation 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). In 2012 ISO adapted
442-816: The field of project management." In the 1970s standardization efforts represented 10 to 15 percent of the institute's efforts. The functions were performed through the Professional Liaison Committee which called on and coordinated with the Technology, Research Policy, and Education Committees. The institute participated in national activities through the American National Standards Committee XK 36.3 and internationally, through liaison with an appointed observer to Europe's International Project Management Association, then called INTERNET. PMI did not deal with
468-571: The field of project management." In the 1970s standardization efforts represented 10 to 15 percent of the institute's efforts. The functions were performed through the Professional Liaison Committee which called on and coordinated with the Technology, Research Policy, and Education Committees. The institute participated in national activities through the American National Standards Committee XK 36.3 and internationally, through liaison with an appointed observer to Europe's International Project Management Association, then called INTERNET. PMI did not deal with
494-602: The goal of generating profit. An example of this is a sports club , which exists for the enjoyment of its members and thus would function well as an NFPO, with revenue being re-invested into improving the organization. These organizations typically file for tax exemption in the United States under section 501(c)(7) of the Internal Revenue Code as social clubs. Common ventures for which NFPOs are established include: Charities, as NFPOs, function under
520-505: The institute until his retirement in January 2011. He was succeeded as President and CEO by Mark A. Langley. From March 2019 through December 2021 the president and CEO was Sunil Prashara. Pierre Le Manh was appointed CEO on September 1, 2022. Launched in 1984, PMI's first credential was the PMP . It has since become a de facto standard certification in project management. In 2007 it earned
546-401: The institute until his retirement in January 2011. He was succeeded as President and CEO by Mark A. Langley. From March 2019 through December 2021 the president and CEO was Sunil Prashara. Pierre Le Manh was appointed CEO on September 1, 2022. Launched in 1984, PMI's first credential was the PMP . It has since become a de facto standard certification in project management. In 2007 it earned
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#1732780616205572-569: The premise that any revenue generated should be used to further their charitable missions rather than distribute profits among members. This revenue might come from donations, fundraising, or other activities undertaken to support their charitable cause. OPM3 The Project Management Institute ( PMI , legally Project Management Institute, Inc. ) is a U.S.-based not-for-profit professional organization for project management . PMI serves more than five million professionals including over 680,000 members in 217 countries and territories around
598-446: The project management processes from the PMBOK Guide 4th edition. In the 1960s project management as such began to be used in the US aerospace, construction, and defense industries. The Project Management Institute was founded by Ned Engman (McDonnell Douglas Automation), James Snyder , Susan Gallagher (SmithKline & French Laboratories), Eric Jenett (Brown & Root), and J Gordon Davis (Georgia Institute of Technology) at
624-508: The use of the credential's designation by individuals who formerly obtained it. OPM3 , even though no longer neither a credential nor a publication, remains a registered mark of PMI. List of PMI Micro-Credentials: The standards PMI develops and publishes fall into three main categories: Here is a list of the current standards or guides in each category: Foundational Standards Practice Standards and Frameworks Practice Guides PMI Lexicon of Project Management Terms While not
650-505: The use of the credential's designation by individuals who formerly obtained it. OPM3 , even though no longer neither a credential nor a publication, remains a registered mark of PMI. List of PMI Micro-Credentials: The standards PMI develops and publishes fall into three main categories: Here is a list of the current standards or guides in each category: Foundational Standards Practice Standards and Frameworks Practice Guides PMI Lexicon of Project Management Terms While not
676-402: The world, with 304 chapters and 14,000 volunteers serving local members in over 180 countries. Its services include the development of standards, research, education, publication, networking opportunities in local chapters, hosting conferences and training seminars, and providing accreditation in project management. PMI has recruited volunteers to create industry standards, such as " A Guide to
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