Mould Your Career With Project Management Institute (PMI)

Project Management Institute (PMI) is a membership association and certification body, finest identified for its Project Management Professional (PMP) credential and the Project Management body of Knowledge (PMBOK), a set of greatest practices and requirements for venture administration. With over 700,000 members in 180 international locations, PMI is the world's largest Venture Management affiliation.

As interest within the undertaking management career has grown, PMI's student membership has grown as nicely, with PMI reporting a 103% improvement in 2014. PMI's Global Accreditation Centre for Undertaking Administration Schooling Applications (GAC) experiences that greater than 17,000 college students are present enrolled in GAC-certified venture administration programs.

PMI Certification Program Overview

The PMI Certification Program started within the early 1980s with the PMP credential, and PMI has since added some certifications. The entry-level cert is the Certified Associate in Project Management (CAPM). There are additionally some upper-level certs focusing on program administration, portfolio administration, agile practices, risk management, business evaluation and scheduling. Though no PMI credential is a required prerequisite for one more PMI credential, you will see some urged certification ladders below.

Turning into a PMI member affords quite a lot of advantages, together with entry to digital editions of all PMI general requirements and the PMBOK Information, in addition to reductions on certification exams and renewals. Anybody can apply for membership, and there are three membership tiers possible: personal, scholar and retiree. Individual membership prices $129 USD plus a $10 software price. Individual members can renew yearly for $129. Former members who at the moment are retired can be part of for $65, and college students pay solely $32.

Project Management Professional (PMP)

Skilled challenge managers cannot go incorrect by getting the Project Management Professional (PMP). It is one of the vital widespread and revered undertaking administration certs on the planet and may increase your wage. In line with PMI's Challenge Administration Wage Survey – Eight Version, PMPs earn a reported 17 % greater than non-PMP licensed mission managers.

The PMP requires (1) a clear high school diploma or affiliate's diploma (or equal), and 5 years of mission administration expertise with 7,500 hours or other spent first initiatives. Plus 35 hours of venture management training or (2) a four-year diploma or equal, and 3 years of challenge policy expertise with 4,500 hours or more spent primary initiatives plus 35 hours of PM schooling and passing an examination.

Certified Associate in Project Management (CAPM)

Certified Affiliate in Project Management (CAPM) is one of PMI's beginner-level certification, which is right for people who find themselves thinking about a profession in undertaking management, however, have little-related expertise. Attaining the CAPM credential signifies you perceive fundamental challenge administration ideas, terminology and processes.

The study takes as much as 3 hours and prices $225 (members) or $300 (nonmembers). As soon as the application is accepted, candidates have as much as one yr to go the examination. Not more than three test makes an attempt will be done in the course of the year. Retests price $150 (members) or $200 (nonmembers).

Portfolio Management Professional (PfMP)

A Portfolio Management Professional (PfMP), the information holder, manages business portfolios, aligning initiatives, applications and operations with business goals and priorities. Attaining the PfMP requires a high school diploma, affiliate's diploma or equal together with 10,500 hours (seven years) of portfolio administration expertise or a four-year diploma with 6,000 hours (4 years) of portfolio management expertise. Candidates should even have not less than eight years of professional enterprise expertise. All expertise have to be got within 15 consecutive years.

As with the PgMP credential, candidates should submit a software documenting their skilled expertise. The appliance is vetted by a proper overview panel earlier than a candidate is allowed to aim the written examination. 

Program Management Professional (PgMP)

The Program Management Professional (PgMP) aims at program managers who can effectively juggle some leading initiatives directly whereas assembly enterprise goals. Reaching the PgMP requires (1) a high school diploma, affiliate's diploma or equal, 6,000 hours (4 years) of mission administration expertise. Additionally, it also requires 10,500 hours (seven years) of program administration expertise or (2) a four-year diploma or equal, 6,000 hours (4 years) of undertaking management skills and 6,000 hours (4 years) of program administration knowledge. All expertise should have been obtained over not more than 15 consecutive years.

As well as, candidates should submit a software documenting their skilled expertise. The appliance is vetted by a proper evaluation panel earlier than a candidate is allowed to try the written examination. 

PMI Risk Management Professional (PMI-RMP)

The PMI Risk Management Professional (PMI-RMP) acknowledges people who plan and handle challenge risk technique and processes, monitor and report on danger and analyse particular points. Eligibility necessities embody (1) a high school diploma, affiliate's diploma or equal, four,500 hours of mission risk expertise and 40 hours of mission risk administration schooling or (2) a four-year degree or similar, 3,000 hours of undertaking threat skills and 30 hours of venture danger management schooling.

PMI Agile Certified Practitioner (PMI-ACP)

A PMI Agile Certified Practitioner (PMI-ACP) is nicely versed in agile practices of challenge administration and is quite aware of tips on how to use acceptable instruments and strategies effectively. Candidates should have current standard challenge expertise that features 2,000 hours on trial groups, though a present PMP or PgMP credential might be substituted. On prime of that, current agile venture expertise is required - 1,500 hours on agile project groups or with agile methodologies, together with 21 hours of coaching in agile practices. Undertaking crew knowledge will need to have been earned throughout the previous 5 years whereas agile-specific expertise has to be throughout the past three years. 

PMI Scheduling Professional (PMI-SP)

Some tasks are so advanced they require a person who focuses solely on creating and sustaining the schedule, guaranteeing assets can be found. That is the place a PMI Scheduling Professional (PMI-SP) shines. To attain the PMI-SP requires (1) a high school diploma, affiliate's diploma or equal, 5,000 hours of challenge scheduling expertise, and 40 hours of undertaking scheduling training or (2) a four-year degree or similar, 3,500 hours of venture programming knowledge and 30 hours of enterprise scheduling schooling. 

PMI Professional In Business Evaluation (PMI-PBA)

One of many biggest contributing elements to mission failure is poor necessities understanding. A PMI Professional in Business Analysis closes this hole, making certain extra correct requirement definition for all mission stakeholders which results in improved enterprise outcomes and challenge issues. 

To qualify, candidates should possess 1) a high school diploma, affiliate’s diploma or equal, plus 7,500 hours of business evaluation expertise, 2,000 hours challenge crew knowledge and 35 hours of business evaluation schooling. 2) A bachelor’s degree or equal, 4,500 hours of business evaluation expertise, 2,000 hours mission staff skills and 35 hours of enterprise evaluation education. All expertise should have been obtained throughout the previous eight years. Venture group skills could also be included within the 7,500 business evaluation expertise requirement. The PMP or PgMP meet the venture expertise requirement.

PMI Certification Ladder

Though no PMI certification requires one other PMI credential as a prerequisite, we have provided you with some prompt certification ladders that make a logical development from one cert to a different. For instance, a person might begin with the CAPM after which obtain the PMP. From there, somebody with the chops for program administration might transfer into the PgMP, or pursue the PfMP if portfolio management is their specialty.

PMI Certification Renewal

As with most certifications, PMI permits credential holders to resume their certifications relatively than repeating the complete software course. The CAPM is good for 5 years; credential holders should go an examination to renew the cert. The PgMP, PfMP, PMP, PMI-ACP, PMI-SP and PMI-PBA credentials are valid for 3 years.

Sustaining considered one of these credentials requires incomes 30 to 60 PDUs, relying on the cert, inside that point interval. The PgMP, PMP, PfMP and PMI-PBA credentials all need 60 PDUs whereas PMI-ACP, PMI-RPM and PMI-SP should acquire 30 PDUs to keep up the credential.