Project Management Institute

Summarized Board Meeting Minutes Milan, Italy – May 2010

The PMI Board of Directors approved the January 15-16, 2010 PMI Board Meeting Minutes. 

The PMI Board of Directors approved the revised Balanced Scorecard (BSC) Objectives and Strategy Map and provides them as guidance to the President and CEO for the preparation of the Program Plan and Budget for 2011 and beyond and directs the President and CEO to update the PMI Strategic Plan document with the revised Balanced Scorecard Objectives and Strategy Map. 

The PMI Board of Directors approved the following change to the PMI Strategic Plan: 

The following outcome sentence of the value proposition on page 10 of the PMI strategic plan which currently states:
When the Institute achieves its differentiation strategy, PMI will be seen as the foremost authority on the discipline of Project Management.

Shall be replaced with:
When the Institute achieves its differentiation strategy, PMI will be seen as the thought leader and foremost authority on the discipline of Project Management. 

The PMI Board of Directors approved the addition of the following Strategic Principle to the Strategic Plan: 

In executing its strategy and serving its diverse stakeholders, PMI shall maintain a global brand through all aspects of the Institute. The global brand shall be extended to its operating centres and PMI communities. In maintaining the Brand, PMI will ensure that its relationships with other organizations support this brand. 

The PMI Board of Directors approved the appointment of Elko and Associates, Ltd. as the independent financial auditor for the annual financial audits for fiscal years 2010 through 2014, subject to the provisions of PMI Level 1 Policy Engagement of External Financial Auditor.