Pmi, Or Project Management, The World 's Biggest Non Profit Membership Association For Profession

The 2000 edition of the Guide to the Project Management Body of Knowledge (PMI,2000) states

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

Project Management Institute. (2000). _A Guide to the Project Management Body of Knowledge (4th ed.)._

Organizations with many project managers can be assisted by PMO. They can provide consultation to products and services. They provide personal support to assist project managers. They allow project managers to splash their knowledge and skills. They make available qualified project managers. They can help project managers to develop professionally.

The term ‘project management’ is formed of two words and for the moment, will be broken down as such. The word ‘project’ is defined by Google as ‘an individual or collaborative enterprise that is carefully planned to achieve a particular aim’. ‘Management’, which is the second part of the term, is defined by Google as ‘the process of dealing with or controlling things or people’. So if these were combined, project management would be defined as ‘carefully planning an individual or collaborative enterprise that is carefully planned to achieve a particular aim while dealing with people and other circumstances’. While this definition is relatively accurate, it lacks detail and essential components which define project management as what it actually is. Therefore, the PMI (Project Management Institute) defines project management differently to this. The Project Management Institute definition is ‘is the application of knowledge, skills and techniques to execute projects effectively and efficiently’. This is highly accurate because it contains information of what a project manager’s role is rather than explaining what project management is in general which is, technically, not a

The majority of project management positions require a bachelor’s degree in a business management related field, as well as a professional certification and management experience. Many project manager professionals elect to obtain a master’s degree or advanced postgraduate certification in project management, analytics, or business management. The Project Management Professional (PMP) Certification is the most recognized certificate for project managers. According to the Project Management Institute, “As a PMP, you can work in virtually any industry, with any methodology and in any location, and earn on average 20% more than without a PMP.” (pmi.org) Education is highly valued in project management; however, important skills such as, good communication and the ability to execute are developed with experience.

The future of project management will require a shift from a low indecision, low vagueness approach to a high attentiveness, high decisiveness approach where change is the standard and decisions have to be made quickly and decisively. Projects are becoming global with scattered multi-cultural teams being the standard. Earning a PMI certification demonstrates an understanding of complex project management concepts, an ability to lead and manage multi-functional teams and enters you in a global community of professionals and experts.

Project management institute is a non-profit world-wide organization. It outlines the industry standardization, education, membership, research and certification. They advances the careers, matures the project management profession, and expands the organizational success through standards, resources, academic research, professional development courses. They offer free downloads of tools, templates, e-learning courses and offer free training sometimes. It offers the services like standard development, publications, hosting conferences and finally offers accreditations in the Project management. To attain the PMI credential, the member need to document first about their education and experience as it’s a requirement. PMI’s advocacy for project management is by its services. These certifications provide the competency and knowledge with a PMP certification. The income and career opportunities for credential holders denote that employer identify the value delivered by practitioner. The Project management institute research program which is expensive but advances in the science, profession of project management.

Certification is something which provides assurance and confirmation about specific objects namely; people, organization, projects etc. There are several organizations which provide project management certifications namely,

Project Management Institute Inc. (2013). Guide to project management body of knowledge (5th ed.). Newton Square, PA: Author.

Project Management Professional(PMP) certification is administered by Project Management Institute(PMI), a Global authority in Project and Program Management. The PMI has put together some prerequisite qualifications and requirements to apply for the PMP certification examination. This article goes through them and provides a step by step guidance to get your PMP certification.

The Project Management Partners Competency Model was developed from the observable behaviours of successful, professional project managers in a variety of application areas. It provides a consistent, coherent structure for assessing the capabilities of current and prospective project managers. The Competency Model can be used to: • Guide a training needs assessment to help optimize the use of scarce training dollars by identifying gaps between job requirements and incumbent skill levels. • Perform individual competency assessments to evaluate current project managers or to screen prospective project managers. • Conduct an organization-wide competency assessment to ensure that the most

Project Management Institute, Inc. (2008). A guide to the project management body of knowledge (4th ed.). Newton Square, PA: Project Management Institute (PMI).

In order to qualify to earn this certification, there are two requirements. The first is 48 months experience as a CM in certain areas as shown by a specific Qualifications Matrix. This matrix includes areas such as project management, cost management, safety management, time management, contract administration, and quality management.

PMI certifications consist of eight certifications, each of which call for a tremendous amount of requirements such as: thousands of hours of project management experience and a four year degree. PMI certifications ensure a fundamental understanding of project management. By getting PMI certified, one can work almost anywhere they choose with any type of project management methodology. PMI certifications are not based on just one project management methodology. They are adaptable and can easily transfer to other industries or locations. PMI certifications have many advantages such as: flexibility and adaptivity worldwide. PMI certifications ensure a knowledge and the process of project management. Having a PMI certification can