Project Management Institute PMI is non-profit organization that is considered to be the
leading association for project management. PMI was actually founded in 1969 by five
professionals who wanted to create an impact in networking, give solution to the project
problems and share concepts and information processes in project management. PMI is
actively pursuing the advocacy in this field. They are known to perform research to
improve the standards in project management. Aside from that PMI also supports other
activities such as professional development and certification. They also play a vital role
in offering networking, communications and community opportunities.
PMI also instigated the development of Project Management Body of Knowledge or
PMBOK. This guide is considesred to be the basic foundation of Project Management
certification exam. This document provides the basic reference for the PMP test. The
PMBOK guide was first released in 1987 to create a standard in project management and
provide students the essential concepts on practices. This enables professionals, project
managers and practitioners review the five process groups such as Initiating, Planning,
Executing, Controlling and Monitoring, and Closing.
To have an effective project management program, it is also important for companies to
implement the nine knowledge areas stated in PMI’s PMBOK Guide. These are Project
Procurement Management, Project Time Management, Project Quality Management,
Project Human Resource Management, Project Communications Management, Project
Scope Management, Project Risk Management, Project Integration Management and
Project Cost Management. To date, these processes and concepts are actively used by
project managers to successfully implement an effective project management.