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What Exactly Is the Project Management Institute (PMI)?

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The Project Management Institute (PMI) is a professional organization for project managers. It has an international reach and aspires to provide resources for project managers around the world to help them grow individually and develop the field as a whole. If you employ project managers, it may be helpful to know more about the PMI, how members benefit from joining and the future of the organization.

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What is the Project Management Institute?

The Project Management Institute is a not-for-profit association dedicated to training project managers and other project professionals to succeed in a project-driven industry. The PMI aims to continue providing resources for project managers around the world to enhance their skills. It works to increase technological growth for project managers by specializing in an individual’s project management technological quotient(PMTQ).

Staying current on evolving technology trends keeps project management professionals aware of the expanding role of technology and how it may impact their careers in the future. By motivating your employees to follow the PMI-identified trends, you can ensure that operations at your company remain ahead of the curve.

Related: How to Write a Project Manager Job Description

What benefits does the Project Management Institute offer?

The PMI offers many resources for its members to help them be more successful as project managers. In addition to an annual publication, the PMI also hosts official events for members to network and share valuable information. These networking events supply members with more knowledge to progress in their field and hone their professional skills. The PMI also places an emphasis on developing standards and ethics to allow them to advance in the industry.

This organization offers several certifications for project professionals, such as the Project Management Professional and Risk Management Professional. These certifications require extensive experience and training, demonstrating the holder’s expertise on the specific subject. Many employers seek candidates with PMI certifications since they show dedication to project management.

Quick tips about PMI management

If you employ project managers, your business may benefit when they join the PMI.Here are three key tips to maximize the value you get from your employees who join the PMI:

Encourage your employees to get certified

Professional certifications show that employees dedicate their time to enhancing their knowledge and skill set. By hiring certified employees or encouraging your current team members to gain certifications, you’ll see employees contribute more valuable work. If it’s in your budget, consider covering some of the costs associated with earning a certification.

Though you may not need to require certifications for some jobs with project management responsibilities, adding them as preferred qualifications on your job posting be useful in helping you to find more knowledgeable and talented candidates.

Send employees to professional events

If an employee joins the PMI, support their decision to attend events. Professional PMI events are an excellent way for your employees to grow and challenge themselves. They provide in-depth lectures and presentations to help attendees understand different aspects of project management. They can also meet other project management employees at these events to gain guidance and tips on how to improve in their role.

Motivate employees to keep learning

The Project Management Institute provides several educational opportunities for its members. They can view different reading material, like a quarterly scholarly journal, a quarterly membership news bulletin and a monthly magazine. This reading material provides industry news to keep members consistently updated and well-informed. The PMI also has a variety of online educational resources easily accessible to members, including an article library, research studies and back issues.

Related: 7 Project Manager Interview Questions and Answers

Here are some frequently asked questions about the Project Management Institute:

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