Project management is the language of progress and achievement. Project managers are the ones who turn that language into results.
We work hard to strengthen the conversation around the importance and the issues essential to improving project and business results. This section focuses on ways PMI spreads the word to advance the profession.
In the News
U.S. Bureau of Labor Statistics Recognizes Importance of Project Managers
Under a proposed rule, which would begin in 2018, the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) will recognize “Project Manager” as an occupational category for the first time. This proposed change to the BLS Standard Occupational Classification is big news for the project management profession.
Currently, project management is not uniquely tracked or measured as a distinct occupation in the United States; it is included with general management occupations, which fails to adequately recognize its importance within an organization. This change will measure the economic contribution of professional project managers. The BLS occupational outlook and employment data will improve existing data about project managers and the profession, including labor shortages, industry trends, skill gaps, post-secondary education developments, job turnover, diversity and the aging workforce, helping to ensure the talent pool.
New Coalition to Drive Leadership in Strategic Initiative Management
PMI, along with the Agile Alliance and Boston Consulting Group announced the formation of a coalition dedicated to becoming the leading authority on strategic initiative management with the aim of helping enterprises reduce the failure rate of large-scale strategic initiatives and avoid the resulting loss of competitive advantage and destruction of value. As founding members of what is being called the Brightline Initiative, these three organizations are developing a platform that will offer CXOs insights and solutions to bridge today’s recurring and expensive gaps between strategy development and strategy implementation.
PMP® and Project Management Gain Popularity in China
China is in a critical period of economic transformation and creating new initiatives that require global knowledge of project management. As a result, many project managers in China are seeking the Project Management Professional (PMP)® certification—nearly 150,000 in 2016, which is an increase of 600 percent in the past 10 years.
2016 PMI Thought Leadership Series Brings Together The Economist Intelligence Unit (EIU) and The Boston Consulting Group (BCG) to Focus on Benefits Realization Management
Conducted since 2013, PMI’s Thought Leadership Series provides executive-level insight into the critical factors for the successful implementation of strategic initiatives. The reports are developed in partnership with other thought leadership organizations, including PwC, Deloitte and Forrester Consulting.
The 2016 Thought Leadership Series, Creating lasting value: Benefits Realization Management, looks at benefits realization management across all levels of an organization, from the executive suite through to business operations. The series, written by PMI, EIU and BCG, examines the practice of benefits realization management related to strategy implementation; explores how organizations realize the business benefits to fulfill strategic priorities and objectives; and takes a look at the specific roles and responsibilities.
PMI Collaborates on Dubai International Project Management Forum
The Roads & Transport Authority organized the 3rd Dubai International Project Management Forum in collaboration with the Dubai Electricity & Water Authority (DEWA), Emaar Properties and PMI. The event attracted 35 international speakers comprising ministers, chairmen of public entities, top executives of mega businesses as well as an elite group of international experts and the project management specialists. The theme of the event was “Shape the Future”.
Comic Strip Creates Deeper Engagement with Project Managers
PMI India launched a new comic strip series titled PM Fun-das™, short for project management fundamentals. It is published weekly on social media and various online resources of PMI India and brings out typical situations and challenges in a project manager’s daily routine. The objective of the series is to demystify project management concepts and techniques through a visual medium.
Celebrating Excellence in the Profession
Getting it Done
Practitioners from around the world share how they get things done and take their careers where they want to go in this collection of articles from PM Network®, our award-winning magazine. Getting it Done is a compilation of their advice centered on the technical aspects of project management, on leadership, and on strategic and business management skills―the three sides of the PMI Talent Triangle®. Within this PMI-published book, you will find inspiring stories that illustrate the value of the profession.
PMO of the Year
Canadian energy utility company BC Hydro received the 2016 PMO of the Year Award. Ken McKenzie, the company’s vice president of capital infrastructure project delivery, credited the project directors, managers and other staff in this video. BC Hydro’s projects came in successfully and CA$12 million under budget.
The PMO of the Year Award honors a PMO that has demonstrated superior organizational project management abilities by adding value to its organization through its support of successful strategic initiatives. The award recognizes a PMO that has established a vision for value delivery and has had a positive and clear impact on business results.
Santiago, Chile-based Entel, a member of PMI’s Global Executive Council, is making massive infrastructure investments to keep pace with the fast-changing telecommunications industry and retain its long track record of outstanding customer service. The PMO supports around 730 projects and more than 200 project managers at any given time. An example of the type of initiative supported by the PMO is a US$136 million effort to provide mobile service and internet access to more than 549 communities in isolated and rural areas throughout the country.
Irvine, California’s Parker Aerospace and parent company Parker Hannifin Corp create aircraft-control and emission-reduction systems for customers that include Airbus, Boeing and the U.S. Department of Defense. One of the company’s keys to success is the deployment of earned value management, which measures the ability of projects and programs to meet cost and schedule commitments. One division used earned value management to reduce cost overruns by 92 percent in the past year.
Project of the Year
Working with PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), which they referred to as a shared “playbook,” the 2016 Project of the Year team was able to close their project six months early and deliver US$68 million worth of additional scope. The winner, US$912 million National Synchrotron Light Source II (NSLS-II) project in Upton, New York, USA, is the U.S. Department of Energy’s latest contribution to the scientific community. Completed in March 2015, NSLS-II is now the world’s most powerful photon microscope, allowing researchers from around the world to analyze materials with atomic precision and observe how they behave under real-world conditions.
The two-day PMI China Congress 2016, one of the biggest project management events in Asia Pacific, was held in Beijing for the first time in three years. The theme of this event was “Project Management—Embracing China Opportunity.” Thousands of project managers along with political and business leaders gathered to discuss new opportunities for managing projects that are part of China’s future development.
Where Leaders Meet: PMO Symposium®
More than 700 leaders and executives from the world’s top PMOs gained behind-the-scenes insight into strategies that drive success at PMI’s annual PMO Symposium®, held in San Diego, California, USA. This exclusive forum is designed for PMO executives to convene and exchange ideas, learn about the latest PMO research, and network with peers and thought leaders from around the world. It featured sessions and workshops focused on benefits realization management and how to demonstrate the value of the PMO.
The three-day Project Management National Conference in India was held in Bengaluru with a theme of “Architecting Project Management for Redefining India.” Joining the event were more than 1,200 delegates from across the country along with 200 others from around the world who participated via live webcast.
Supporting Project Management Academics at Academy of Management Meeting
PMI Academic Resources has sponsored activities at the Academy of Management (AOM) annual meeting for several years. This meeting attracts 12,000 attendees who are practicing, teaching or doing research in the field of management. By being at meetings like these, PMI creates a space where project professionals can network, meet, exchange and inspire new ideas. At AOM’s annual meeting in Anaheim, California, USA, PMI highlighted the project-related paper sessions, professional development workshops and plenary sessions across multiple division tracks, including operations management, organizational development and change, and technology and innovation management, among others.