Today’s organizations are more likely to pursue PMI-certified project managers. PMI credentials are valued by organizations for three major reasons:
PMI Certifications: Recognition and Prestige
PMI credentials are used as a measure of competency when competing for new business opportunities. Because the credentials are global, an organization can enhance its reputation as an international player, which it might not otherwise have been able to accomplish. For example: Global engineering firm CH2M HILL cites the Project Management Professional (PMP) credential and the PMBOK Guide as contributors to them winning the contract to enhance the Panama Canal. In 2014, Panama will celebrate the 100th anniversary of the opening with a newly completed third set of locks, expanding the canal’s size and capacity.
PMI Certifications: The Power to Attract the Best of the Best
Certifications are indicative of an organization’s devotion to and investment in that profession. When there are more qualified people in the labor pool, such as in our current economy, companies can choose to hire only the most qualified individuals. Since 2003, Standish Group has been tracking the number of employers who require PMI certifications or their equivalent. Between 2003 and 2010, this figure has increased from 11% to 42%. In just this past year alone the figure has increased from 31% to 42%!
PMI Certifications: A Way to Attract Younger Professionals
Organizations are examining how to capture Millenials (a.k.a. Generation Y: those born between 1982 and 2000) to build and propel corporate growth. Almost 3 out of 4 Millenials expect to seek a post-graduate degree or certification.
In general, PMI certifications increase an organization’s confidence that employees have a consistent understanding of project management. In turn, they increase customer confidence by showing that employees meet set standards and are consistent in their practice.
While credentials are only one element of a career development plan, they also help with retention by providing an opportunity for professional development, advancement and recognition.