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Project Management Institute (PMI)

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3.2

Overall Score

Author: Kalicia Bateman

LAST UPDATED: December 30th, 2021

In 1969, the Project Management Institute (PMI) was established as a membership association for those working in project, program, and portfolio management. Today, with over 300 local chapters, PMI helps over 500,000 global members access the education and networking resources to be successful in their field. PMI offers workers the ability to obtain certifications and to receive additional education and training related to their jobs or desired jobs. 

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The Good

  • Certifications
  • Career Support 
  • Tools 

Certifications

To become certified with a PMI designation, you apply to become a candidate, study for the exam independently, then take the exam. The exams are developed by practitioners for practitioners based on high standards and ongoing research. Candidates who pass the exam are deemed able to meet the demands of projects and employers.

PMI members get discounts on PMI certificates but any individual meeting the minimum requirements for candidacy can apply. An exam purchase includes the course handbook, exam guidance, review tips, and a content outline. 

The following is a list of PMI certifications: 

  • Project Management Professional (PMP)
  • Program Management Professional (PgMP)
  • Portfolio Management Professional (PfMP)
  • Certified Associate in Project Management (CAPM)
  • Professional in Business Analysis (PMI-PBA)
  • Agile Certified Practitioner (PMI-ACP) 
  • Risk Management Professional (PMI-RMP)
  • Scheduling Professional (PMI-SP)

Career Support 

PMI holds regular training and educational events for professionals. Project management professionals have access to webinars, publications, seminars and other events and resources through PMI.

PMI membership is fairly priced, especially considering what one gets from being a member. Membership costs $129 and is open to anyone. Initial application costs an additional $10; renewal is also $129. Students currently enrolled in an accredited institution may become a PMI member for just $32; renewal is also $32. Retired persons who in the past have been PMI members may renew for $65.

PMI's chief purpose is to help people advance and succeed in their careers. PMI offers a slew of seminars, webinars, courses, and events expressly designed to arm project managers with the knowledge to move forward in their careers and to achieve their professional goals. PMI's website also has a section where members can post their resume and showcase their skills to prospective employers. Members also feel connected, as they can belong to local chapters as well as an online global community. In these forums, members can exchange ideas, network and learn from and teach one another.

Tools

PMI members get access to PMI publications and global standards along with thousands of tools, templates, articles, guides, other resources. 

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The Bad

  • Eligibility Requirements 
  • No Guarantees

Eligibility Requirements

PMI's certifications require that candidates obtain a certain degree type, number of hours of education, and amount of experience prior to applying. Requirements vary by certification. 

No Guarantees 

Those who take certification courses should be aware that certification does not guarantee higher salary and promotion. Certainly, certification and further education in the field enhances one's chance of advancement, but it would be misleading to assert that such things are bound to happen for those who certify. 

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The Bottom Line

PMI claims that it is growing knowledge and opportunities for professionals with thought leadership, training, and tools. It appears that the organization is accomplishing just that: membership with PMI signifies a dedication to project management and certifying with PMI demonstrates competency and professionalism. 

Project management is a growing field and one that is critically important in a variety of industries. Where PMI is the foremost organization to provide continuing training, education, and certification in project management, anyone working in a project management job and looking for higher certification would be wise to check out PMI.

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1.8

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Cam Hall Palmyra, VA

When I was getting started in the software dev world, the constant recommendation was to get my PMP from PMI. I'd hear this all the time working in older enterprise environments and as a government contractor (in addition to the various blue/black/green belts for change management). Over time, though, the cost of PMP and PMI's certificates felt inflated over other more recent Agile offerings (I purchased the PMP study guide and study sessions). I ended up getting my Certified Scrum Product Owner and Certified Scrum Master certifications because they better fit my career goals at start ups and tech-forward organizations like Capital One and FAANG, but I would have stuck with PMP if I'd wanted to stay in government contracting.

4 years ago Edited January 3, 2022