Definition - What does Project Management Institute (PMI) mean?
The Project Management Institute (PMI) is a leader in credentialing project management professionals and advancing the field of project management. The PMI has a global footprint in nearly 200 countries around the world. From its global headquarters in Newton Square outside of Philadelphia, the Project Management Institute provides certifications for project management professionals, as well as career training and educational resources. The group also maintains research programs to advance scientific and practical abilities within the industry.
Techopedia explains Project Management Institute (PMI)
In just a few years, PMI has certified many thousands of individuals as project management professionals, helping these certificate holders to advance their careers. The PMI estimates that more than 500,000 people hold a credential from this organization, or are registered as members.
The kinds of certifications offered by PMI can be extremely valuable to businesses that have some sort of IT component. Information technology can require many complex processes with technical protocols and very strict standards for implementation. Hiring those with a Project Management Professional (PMP) certification or other PMI credential can give an enterprise a better chance of error-free implementation and compliance with IT standards for nearly any kind of project.