Breaking News: Program management legislation passed

 

We are excited to announce that on 14 December, President Barack Obama signed The Program Management Improvement and Accountability Act of 2015 (PMIAA) into law.

 

This new law will improve United States federal government project and program management by:

Creating a formal job series and career path for program and project managers

Developing a standards-based model for program and project management

Designating a senior executive responsible for project and program management policy and strategy

Leveraging an interagency council on program management to share best practices

According to PMI research, only 64 percent of government strategic initiatives ever meet their goals and business intent — and government entities waste $101 million for every $1 billion spent on project and programs. The reforms outlined in the PMIAA align with PMI member input that indicates organizations who invest in program management talent and standards improve outcomes, accountability and efficiency. The passage of PMIAA into law illustrates an acknowledgement of the value of project and program management by the United States government, and therefore lays an important groundwork as PMI continues to advocate for the profession in governments around the world.

 

This landmark new law would not be possible without the support of our bi-partisan Congressional champions. We would like to thank:

Senator Joni Ernst (R-IA)

Senator Heidi Heitkamp (D-ND)

Representative Todd Young (R-IN)

Representative Gerry Connolly (D-VA)

For more information, read the official press release.

PMIWTX Wins 2012 Chapter Retention Award from PMI

The 2012 Chapter Retention Award honors PMI Chapters that made the greatest improvement in their member retention rate during 2012. The award is given based on chapter size and region.

We are proud to announce the 2012 Chapter Retention Award winners in the Latin America and North America Regions.

Congratulations to the following Chapters in North America:

  • PMI West Texas Chapter
  • PMI Charleston, South Carolina Chapter
  • PMI San Diego Chapter

Introduction to the PMI Educational Foundation

Whether you have been with PMI for years or are new to the Institute, you should know about the PMI Educational Foundation (PMIEF). This public charity promotes project management for social good.

PMIEF helps youth learn project management, provides scholarships to students to study project management, and helps not-for-profit and nongovernmental organizations (NGOs) become more efficient and effective.

In fact, PMIEF is celebrating 22 years of existence and its leaders are ready to take the Foundation to the next level.

Read full article

Key Standards Revised

This is an exciting time to be a member of PMI as we have released the latest editions of three key standards that have long been considered the most influential in the profession.

This month, PMI published A Guide to the Project Management Body of Knowledge (PMBOK® Guide)—Fifth Edition, The Standard for Program Management—Third Edition, and The Standard for Portfolio Management—Third Edition.

Member Access to Standards

As part of your PMI member benefits, electronic versions of these standards are now available to you on PMI.org. Access PDFs of these and all PMI global standards at http://www.pmi.org/PMBOK-Guide-and-Standards/Standards-Library-of-PMI-Global-Standards.aspx and log-in to your myPMI profile.

Exam Date Change Information

Also this year PMI will update our credentials and certifications and release 10 official translations of the PMBOK® Guide—Fifth Edition. You can find information about exam date changes and read our FAQs at www.pmi.org/standardsupdate.

Thanks to Our Volunteers

PMI is very appreciative and proud of the hard work of our dedicated volunteer committees.  Our volunteers gave countless hours of their time to help PMI staff update and publish these standards during 2012. Without their expertise, knowledge and time, PMI would not be able to deliver a quality product that is the foundation of the profession.

Job Search Shows Demand for Credential Holders

PMI recently conducted a global search for project manager job openings. We found more than 50,000 position listings that either requested or required candidates to have one or more of PMI’s credentials.

Visit http://www.pmi.org/passport/sept11/demand-for-credential-holders.htm for the full article.

Global Knowledge ranks PMP as #3 in 15 Top Paying IT Certifications (2011)

3. PMP: Project Management Professional ($103,570)

The Project Management Institute's (PMI) Project Management Professional (PMP) credential is recognized as the most important certification for project managers, is globally recognized and in heavy demand. The Project Management Professional credential demonstrates that you not only have the experience but also the education to successfully lead and direct projects. The PMP credential is for experienced project management professionals as the qualifications and testing for this certification are rigorous as well as the required continuing education requirements. All of these factors ensure that the PMP credential is widely respected. The PMP experience and exam requirements focus on five process groups: Initiating, Planning, Executing, Controlling, & Closing

Read full article at Global Knowledge

Updated PDU Categories

PMI has an exciting update for you regarding improvements to the PDU structure within the Continuing Certification Requirements (CCR) Program.

Since research has shown that people did not fully understand the PDU categories and how to appropriately report their PDUs using that structure, we are pleased to let you know that your feedback has prompted PMI to make the PDU categories more user-friendly. Below is a snapshot of the collective positive response from credential holders to the formal study that proposed the new CCR PDU categories:

  • 82% were satisfied or very satisfied with the proposed new categories
  • 76% thought it would be much better or somewhat better than the current categories

How Does This Affect Me and What Do I Need to Do?

  • The PDU updated category structure implementation begins on 1 March 2011.
  • Between now and 1 March 2011, PMI is requesting that credential holders register their existing PDUs in the CCR system under the current PDU categories. After 1 March 2011, credential holders will need to report PDUs using the new categories.
  • Please note that you will not lose any PDUs during this transition.

Please take a moment to go to the CCR Category Update page on PMI.org and read through the FAQs and the New PDU Category Structure and Policies document to learn about the new PDU categories and for more detailed information about this update.