Introduction to Project Management Institute (PMI)

Introduction to Project Management Institute (PMI)

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Project Management Institute is a non-profit organization, established in 1969 in Pennsylvania, USA.

  • Now, it has more than 500,000 members, from 171 countries across the world.
  • PMI®  is actively engaged in setting up professional standards and project management standards; conducting research and providing access to information and resources.
  • It has designed some of the certifications in a way where it talks about the core project management, risk management, scheduling, etc.
  • Now, there is a new certification, PBA, launched for business analysis, which is in its pilot phase.
  • They continuously keep researching as to how they can help people with these skills or improve bigger umbrella project management campaign.
  • It promotes career and professional development by offering certifications, and opportunities of networking and community involvement.
  • One of the great benefits that come with PMI® membership is the opportunity to connect with your peers in the same industry and engage face-to-face with members for educational and networking events.

You can get associated with PMI®  in two ways. You can be a member of PMI® or a non-member (by just getting registered with them). To become a member, you have to pay a certain amount of fees before registering yourself to the various chapters of PMI®. For example, a person can be a part of PMI®  India Chapter, or precisely North India or South India Chapter. Similarly, based on your areas you can be associated with the PMI® Chapters, but for that you have to be the member of PMI® and then a member of a Chapter.

If you are a member of PMI®, it keeps sending various opportunities to get associated in their webinars and their online training sessions or probably some conferences, which may occur in different parts of the country or the world with a very nominal fee. Non-members can be a part, but the probability of them receiving such communications will be low. They might not have much opportunity in earning the PDUs, or the points which you need to renew your certifications. Volunteer opportunities for non-members would be a little less.

The certifications that are offered by PMI® :

  • Certified Associated Project Management (CAPM®): This is the subset of PMP® Certification.
  • Project Management Professional (PMP®): PMP® is a certification, which talks about project management on a broad level.
  • Program Management Professionals (PgMP®)
  • PMI®  Agile Certified Practitioner (PMI-ACP®)
  • PMI®  Scheduling Professional (PMI-SP®)
  • PMI®  Risk Management Professional (PMI-RMP®)
  • Portfolio Management Professional (PfMP®)
  • PMI-PBA (still in the Pilot phase)

PMI® offers all these certifications at a very nominal cost. The eligibility criteria to apply for each of these certificates is different, e.g. for PMI-ACP® you need to have 8 months of Agile Experience, but for PMP® you would not need to have the agile experience, as it’s not mandatory.

 
SOURCE edureka