Impact: 2015 Highlights

In the News

Celebrating excellence in the profession

PMI PMO of the Year

To serve its growing military membership, Navy Federal Credit Union needed to invest in IT projects and upgrade how they were managed. Creating a PMO helped to keep its rapidly expanding portfolio in line with strategic goals.

PMI Project of the Year

Project leaders got creative to complete a high-profile refinery upgrade on a compressed timeline—and finished ahead of schedule, US$7 million under budget and with a spotless safety record.

jindal super thermal power plant

PMI India Project of the Year

Large Category
Winner: Jindal Power Limited
Project: O.P. Jindal Super Thermal Power Plant

The project team set a record by completing the first phase of the plant in 22.5 months — the only time a megaproject of this nature was completed in less than 24 months. For the second phase of the project, the team had an even tighter schedule of 17 months from the start of the boiler erection stage. All obstacles had to be resolved with an eye on the clock.

The team adopted a holistic approach to project management in which the actual schedule and cost indices were regularly monitored against approved schedules and budget. This included initiatives like setting up a project management office team at the project site and head office; drawing up detailed schedules and rigorous catch up plans; regular monitoring using “S curves” and earned value management; and putting in place a unique target-based incentive plan for agencies, apart from prioritizing the health and safety of workers at the site.

Phase 2 of the power plant was completed in a record time of 16.5 months. The plant, which has set a new industry benchmark for rapid commissioning by using only indigenous equipment, has given a boost to India’s power generation capacity.

photovoltaic direct driving frequency centrifuge system

PMI China Project of the Year

Winner: Zhuhai GREE Electric Appliances Inc.
Project: Photovoltaic Direct Driving Frequency Centrifuge System Research and Demonstration Project

The GREE building photovoltaic direct driving frequency centrifuge system research and demonstration project aims to develop a green central air conditioning system, reduce building energy consumption, establish a role model of integrated solar photovoltaic building application, and a commercial photovoltaic air conditioning system manufacturing based on renewable energy.

The project was identified by a technological achievements appraisal organized by Guangdong Science and Technology Department. This technology meets global advanced standards.

The project claimed special funds of 16.51 million RMB in 2012 after winning a key industry and technical reconstruction award by the national development and reform commission. It also allocated a fiscal funds allowance of 4.43 million RMB from the solar photovoltaic building application demonstration project in 2012 by National Ministry of Housing and Urban-Rural Construction.

Focus on Business Analysis

Business analysts—or BAs—play an important role on a project team. There is tremendous demand for skilled BAs and PMI is taking steps to meet that need. We published practice guides on business analysis and requirements management to help professionals build their skills. We launched the PMI Professional in Business Analysis (PMI-PBA)® certification to spotlight those skills. Due to great response for these resources, we are now developing a foundational standard in business analysis. Set to publish in 2018, it will join PMI’s other foundational standards like the PMBOK® Guide and The Standard for Program Management.

 

Related Assets
sculling

Project Manager and Business Analyst: Working Together Toward a Common Goal

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Business Analysis Tips

Gain an overview of business analysis plus tips for business analysts

Importance of PMI Certifications

  • 8 unique

    certifications

    Globally transferrable designations that recognize knowledge and experience

  • 1 million

    worldwide

    One million PMI certification holders worldwide

  • Every

    industry

    PMI certification holders work in every industry, including healthcare, finance, construction, IT and telecommunications

Developed by practitioners for practitioners, we base our professional certifications on rigorous standards and ongoing research. Certifications ensure project managers are prepared to meet the real-world needs of projects and employers.

It is important to evaluate our offerings and raise the bar regarding the value of earning a certification.

Role Delineation Study

In 2015, we completed  a role delineation study (RDS) for the Project Management Professional (PMP)® and PMI Agile Certified Professional (PMI-ACP)® certifications. An RDS is a form of research conducted to understand the major job tasks, responsibilities and knowledge areas required of a specific role. This research provided the basis to develop new PMP® and PMI-ACP® examinations.

pmi-talent-triangle-060216

We revamped the Continuing Certification Requirements (CCR) program to focus certification holders’ continuing education on the employer-demanded skills of the PMI Talent Triangle™ – technical, leadership, and strategic and business management.