PMI continues to expand and update its library of standards to keep improving as an organization and as a profession. PMI^® standards are broken up into five categories and four of those categories are represented in standards currently under development:

Projects

Project Management Lexicon
Practice Standard for Project Estimation

For information on completed PMI standards, visit the Library of Global Standards

Please note: All teams are currently closed to volunteers.

Project Management Lexicon
The first phase of this project has been chartered to deliver a prototype that will establish principles, suggest processes, and test the validity of an approach to developing and maintaining a project management lexicon. The initial product will be based on the existing glossaries of four PMI Standards: the PMBOK^® Guide – Fourth Edition, The Standard for Program Management – Second Edition, The Standard for Portfolio Management – Second Edition, OPM3^®– Second Edition. The prototype will serve as the springboard for two further phases of development, leading ultimately to an authoritative project management lexicon.

This project is being led by Carol Steuer, PMP, project manager.  For more information, contact Elaine.Lazar@pmi.org, PMI Standards Project Specialist.

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Practice Standard for Project Estimation
Practice Standards are guides to the use of a tool, technique or process identified in the PMBOK^®  Guide or other PMI general Standard. PMI is in the process of developing its newest practice standard: The Practice Standard for Project Estimation. In this standard, estimation is being developed as it applies to project management (resource, cost and duration estimation) specifically as outlined in the PMBOK^® Guide – Fourth Edition.

This update is being led by Chris Richards, project manager. For more information on this standard, contact Kristin.Vitello@pmi.org, PMI Standards Project Specialist.

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