PMI was the first major organization to offer credentials specifically for project managers. Today, their certification program remains the global standard, and PMI certification is a prerequisite for a significant number of positions. Right now (based on PMI data):
- Approximately 20% of the worlds GDP is spent on projects.
- Approximately 20 million people practice project management.
- 80% of high performing projects use a credentialed project manager.
- There are over 400,000 PMI credential holders in 170 countries, compared with fewer than 10,000 in 1997, mostly in North America.
PMI’s two most popular certifications are the PMP (Project Management Professional) and CAPM (Certified Associate in Project Management). PMI credentials provide:
- Flexibility: PMI credentials are not based on one specific methodology, making them flexible and adaptable. Those who hold a PMI credential can easily transfer them between industries, market segments or geographic locations.
- Applicability: PMI continually conducts in-depth studies to ensure that the credentials actually reflect the current skills, knowledge and best practices needed to succeed in today’s business world.
- Commitment: The PMI certification maintenance program requires credential holders to continually develop skills and stay current by requiring a specific number of professional development units (PDUs) for each credential.
- Earning Potential: Project Management Professional (PMP) credential holders earn up to 10% higher salaries than non-credential holders, according to the PMI Salary Survey — Sixth Edition, 2009.
- Instant Recognition: Tremendous marketability comes from the prestige of PMI credentials. PMI has provided project management certifications for over 25 years, and the PMP credential was the first one designed specifically for project managers.