What is the Project Management Institute (PMI)?
The Project Management Institute (PMI) was founded in North America in 1969 and has grown to become a global advocate for the project management profession, with more than 240,000 members in over 160 countries.
It also has nearly 242,000 credential holders worldwide. PMI’s Project Management Professional (PMP®) certification is the most widely recognised in the profession and was awarded ISO17024 accreditation in 2007.
What is the Project Management Body of Knowledge (PMBOK)?
The Project Management Body of Knowledge (PMBOK) is a set of terminology and guidelines for project management, published by the Project Management Institute (PMI), a not-for-profit organization with the purpose of advancing project management.
The PMBOK Guide was first published in 1983 to standardize the terminology and practices that were already accepted in the field of project management. It has since become the de-facto international standard for project management.
A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition has been updated to reflect the collaboration and knowledge of working project managers, and provides the fundamentals of project management as they apply to a wide range of projects.
It remains essential reading for anyone taking a PMP or other PMI course.
What does the Project Management Body of Knowledge (PMBOK) include?
The PMBOK guide recognizes five basic process groups and ten knowledge areas typical of almost all projects. The basic concepts are applicable to projects, programs and operations.
Within the 10 knowledge areas, there are further processes that need to be accomplished to achieve effective project management.
Additionally, each of these sub processes can fall into one of the give process groups, so all elements can be mapped into a matrix construction.
The PMBOK Process Groups:
- Project Integration Management
- Project Scope Management
- Project Time Management
- Project Cost Management
- Project Quality Management
- Project Human Resource Management
- Project Communications Management
- Project Risk Management
- Project Procurement Management
- Project Stakeholders Management
The PMBOK Knowledge Areas:
- Controlling and Monitoring
There are six levels of PMI credentials available:
- Project Management Professional (PMP) - initiated in 1984 to demonstrate to employers, clients, and colleagues that project managers possess project management knowledge, experience, and skills to bring projects to successful completion.
- Certified Associate in Project Management (CAPM®) - for project team members, entry-level project managers, and qualified undergraduate and graduate students to recognize their value to project team performance.
- Program Management Professional (PgMP) - recognizes the advanced skills and knowledge of program managers. Being awarded the PgMP certification proves that you are competent in the management of multiple projects and are able to juggle resources to achieve strategic business objectives.
- PMI - Agile Certified Practitioner (PMI-ACP®) - this certification demonstrates your knowledge of Agile principles, tools, and techniques.
- PMI Risk Management Professional (PMI-RMP®) - recognizes a project management professional's expertise and competency in assessing and identifying project risks. This qualification mitigates threats and capitalises on opportunities.
- PMI Scheduling Professional (PMI-SP®) - is a qualification that has been created by PMI to recognize project management professionals' expertise in the field of project scheduling. Gaining this qualification demonstrates your unique competence in creating and maintaining project schedules. Those with the PMI-SP qualification are still are able to demonstrate the foundation knowledge in project management.