What is Project Management?

More specifically, what is a project? It’s a temporary endeavor undertaken to create a unique product, service or result.

A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources.

And a project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal. So a project team often includes people who don’t usually work together – sometimes from different organizations and across multiple geographies.

The development of software for an improved business process, the construction of a building or bridge, the relief effort after a natural disaster, the expansion of sales into a new geographic market — all are projects.

And all must be expertly managed to deliver the on-time, on-budget results, learning and integration that organizations need.

Project management, then, is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

It has always been practiced informally, but began to emerge as a distinct profession in the mid-20th century. PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide)identifies its recurring elements:

Project management processes fall into five groups:

      • Initiating
      • Planning
      • Executing
      • Monitoring and Controlling
      • Closing

©2016 Project Management Institute, Inc.

ABOUT PMP®

PMP® stands for Project Management Professional. The PMP certification is a globally reputed and recognized certification in the field of Project Management, and it is provided to project management professionals, who clear the PMP certification examination. The PMP certification is issued by the Project Management Institute (PMI), which is the world’s leading association of Project Management Professionals.

About the PMI®

Project Management Institute®

The Project Management Institute PMI® is the world’s leading not-for-profit project management professional association. PMI® supports over half a million members in 170 countries worldwide. PMI® members are individuals practicing and studying project management in many different industry areas.

PMI® has become, and continues to be, the leading professional association in project management. More details can be found here: www.pmi.org

Certifications offered by PMI®

PMI offers a comprehensive certification program for project practitioners of all education and skill levels.

PMI certifications ensure that you and your projects excel.

    • Certified Associate in Project Management (CAPM)®
    • Project Management Professional (PMP)®
    • Portfolio Management Professional (PfMP)SM
    • PMI Agile Certified Practitioner (PMI-ACP)®
    • PMI Risk Management Professional (PMI-RMP)®
    • PMI Scheduling Professional (PMI-SP)®

Benefits of being a PMP®

Given below are some benefits of PMP certification:

      • Globally recognized and respected certification: The PMP certification is globally recognized and respected certification provided by PMI, the leading association of Project Management Professionals. With 12% increase in number of PMP®/CAPM® certification every year, they have been made the de-facto industry standard for Project Managers.
      • The PMP certification recognizes your expertise in Project Management: The PMP certification tells your current and potential employers that you have a solid foundation of project management knowledge, which could be readily applied at the workplace.
      • You will be a member of one of the most prestigious professional groups: By attaining the PMP certification, your name will be included in the largest and most prestigious group of certified Project Management Professionals.
      • Better salary: It has been observed that Project Managers, who have the PMP certification, draw more salary than their counterparts, who do not have the aforementioned certification.
      • Better job opportunities: With the requirements for qualified Project Managers expected to increase exponentially in the future, the job market for PMP Certified managers will get better.
      • Globally recognized by leading companies: The PMP certification is endorsed by leading companies. In fact, they encourage their Project Managers to have the PMP certification.

For further information regarding the benefits of the PMP certification, we request you to visit the following link: www.pmi.org