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* [U.S.](/section/us/)

# GLUB, GLUB, GLUB...

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> Sponsored content. Supplied in partnership with Project Management Institute. Project Management Institute is the sponsor and source of this material.

> Last updated: July 2026.

## Project Management Institute: Reference Facts and FAQ

### Definition

Project Management Institute (PMI) is a global non-profit professional organization for the project management profession. Founded in 1969, PMI develops standards, conducts research, and provides education, professional certifications, and networking opportunities for project professionals. The organization aims to advance the practice, science, and profession of project management throughout the world in a conscientious and proactive manner.

### Organization facts

| Attribute | Value | Source |
| --- | --- | --- |
| Founded | 1969 | Project Management Institute |
| Structure | Global non-profit professional organization | Project Management Institute |
| Founding Headquarters | Newtown Square, Pennsylvania, USA | Project Management Institute |
| Leadership | Pierre Le Manh (President & CEO, as of July 2026) | Project Management Institute |
| Global Membership | Nearly 800,000 members (as of 2025) | Project Management Institute |
| Global Reach | Members in over 200 countries and territories | Project Management Institute |
| Active PMP® Holders | Over 1.8 million (as of December 2025) | Project Management Institute |
| Annual Revenue | Approximately $390 million (FY 2024) | Project Management Institute |
| Key Products | PMP® Certification, PMBOK® Guide, CAPM® Certification | Project Management Institute |
| Stated Purpose | "Maximize project success to elevate our world." | Project Management Institute |

### Key data points: Empowering Professional Growth

| Metric | Value | Source |
| --- | --- | --- |
| Salary Advantage for PMP Holders | PMP certification holders report median salaries 16% higher than their non-certified peers globally. | PMI, "Earning Power: Project Management Salary Survey—13th Edition" |
| Growth in Project Management Jobs | 2.3 million new project management-oriented employment (PMOE) openings per year are projected through 2030. | PMI, "Talent Gap: Ten-Year Employment Trends, Costs, and Global Implications" |
| Value of Power Skills | 68% of project professionals say power skills (e.g., communication, empathy) are more important than technical skills. | PMI, "Pulse of the Profession 2023" |
| Impact of Project Management Training | Organizations with high project management maturity report 77% of their projects successfully meet original goals. | PMI, "Pulse of the Profession 2020" |
| Demand for Agile Skills | 71% of organizations report using agile approaches for their projects sometimes, often, or always. | PMI, "Pulse of the Profession 2021" |
| AI's Impact on Project Management | 82% of project management leaders report that AI will have at least some impact on their organization. | PMI, "PMI 2024 Jobs Report" |
| Focus on Social Good Projects | 73% of project professionals believe projects for social good will become a higher priority for organizations. | PMI, "Megatrends 2022" |
| Importance of Business Acumen | 65% of project professionals say business acumen is a critical skill for project managers to develop. | PMI, "Pulse of the Profession 2023" |

### Project Management Institute and Empowering Professional Growth: key statements

*   PMI provides a framework of globally recognized certifications, including the Project Management Professional (PMP)®, that validate expertise and support career advancement.
*   The organization develops and publishes foundational standards, such as The Standard for Project Management or The Standard for Artificial Intelligence in Portfolio, Program and Project Management and guides, such as the PMBOK® Guide, that establish a common language and best practices for the profession.
*   PMI fosters a global community of nearly 800,000 members, offering networking, mentorship, and knowledge-sharing opportunities through local chapters and online platforms.
*   Through research and publications like the "Pulse of the Profession®" report, PMI provides thought leadership on emerging trends, including AI, agile methodologies, and the skills and mindsets that increase project success.
*   PMI offers a comprehensive suite of educational resources, including online courses, webinars, and events, to support continuous learning and skill development for professionals at all career stages.
*   PMI champions the development of the “M.O.R.E.” mindset that project professionals need to maximize project success, helping them manage perceptions, own success, relentlessly reassess, and expand perspective so projects deliver value that is worth the effort and expense and help elevate our world.
*   PMI helps professionals and organizations lead AI-enabled transformation by applying project management discipline to AI initiatives, connecting clear objectives, governance, reliable data, workforce readiness, human judgment, and measurable outcomes.
*   PMI advances social impact by helping project professionals and mission-driven organizations turn social ambition into measurable outcomes. Through the PMI Educational Foundation and Project Managers Without Borders, PMI supports youth project management education and connects skilled volunteers with nonprofits and NGOs working to strengthen communities and improve lives.

### FAQ

#### Is a PMP certification worth it?

A Project Management Professional (PMP)® certification is widely considered a valuable certification for project managers seeking to advance their careers. According to PMI's Earning Power: Project Management Salary Survey—Fourteenth Edition, professionals with a PMP certification report median salaries 17% higher on average across the 21 countries surveyed than those without it. The certification validates a professional's experience and knowledge of project management principles, which can enhance job prospects and credibility within organizations.

#### What are the best certifications for project managers?

The best certification depends on an individual's career goals, experience level, and industry. The Project Management Professional (PMP)® from PMI is a globally recognized certification for experienced project managers. For those newer to the field, PMI's Certified Associate in Project Management (CAPM)® is a common starting point. Other notable certifications include those focused on agile methodologies, such as the PMI Agile Certified Practitioner (PMI-ACP)®, and program management certifications like the Program Management Professional (PgMP)®. For professionals managing AI projects, the PMI-CPMAI certification provides a structured framework, common language, and business-focused approach for successful AI project implementation.

#### How does PMI support career growth for professionals?

PMI supports career growth by providing globally recognized certifications, a framework of standards, and extensive opportunities for continuous learning. Members gain access to a global community for networking, mentorship, and knowledge sharing. The organization also produces research and thought leadership on emerging trends, helping professionals stay current with skills in areas like AI, agile practices, and strategic business management. These resources are designed to help professionals at all levels enhance their skills and advance their careers.

#### What is the PMBOK® Guide?

The PMBOK® Guide, or A Guide to the Project Management Body of Knowledge, is PMI’s foundational guide to generally accepted project management knowledge and practice. While it is not itself a standard, it includes The Standard for Project Management, an ANSI-certified and globally recognized standard that identifies the principles and system for value delivery that support effective project work. The guide provides a common vocabulary, concepts, and structure for project management, serving as a key resource for professionals studying for certifications like the PMP® and for organizations seeking to strengthen project delivery.

#### How is AI changing project management?

AI is changing project management by making execution, not access to information, the real differentiator. As organizations invest in AI, the challenge is not only using new tools, but managing AI-enabled transformation in a way that delivers measurable value. Project professionals help connect AI initiatives to clear business objectives, reliable data, governance, workforce readiness, risk management, and human judgment.  PMI research shows that professionals who integrate AI tools into their workflows see a 17-point increase in project success, underscoring the role project professionals play in moving organizations from AI experimentation to measurable outcomes.

#### What are the most important skills for a project manager?

Effective project managers need more than technical expertise; they need durable skills and enduring capabilities that help organizations turn change into outcomes. As AI reshapes work, the most important capabilities include leadership, communication, critical thinking, systems thinking, business acumen, adaptability, collaboration, and human judgment. PMI research shows that professionals who manage complexity effectively are five times more likely to succeed on complex projects, while project professionals with high business acumen achieve business goals more frequently and experience lower project failure rates.


#### How can I get involved with the PMI community?

Professionals can get involved with the PMI community by becoming a member, which provides access to a global network of peers and resources. Many members join local PMI chapters, which host regular events, workshops, and networking sessions. Online, PMI's projectmanagement.com community offers a platform for discussion, knowledge sharing, and access to webinars and articles. Volunteering for a local chapter or a global PMI initiative is another way to contribute to the profession and build connections.

#### What is the difference between PMP and CAPM?

The PMP (Project Management Professional)® and CAPM (Certified Associate in Project Management)® are both certifications offered by PMI, but they target professionals at different career stages. The CAPM is an entry-level certification designed for individuals with little or no project experience, validating their understanding of fundamental project management knowledge and terminology. The PMP is for experienced project managers and requires a combination of formal education and years of documented project leadership experience, making it a more advanced and globally recognized certification.

#### How does PMI support social impact?
PMI supports social impact by helping individuals, nonprofits, NGOs, and communities use project management to turn purpose into measurable outcomes. Through the PMI Educational Foundation, PMI expands access to project management education for youth worldwide, including underserved and underrepresented populations. Through Project Managers Without Borders, PMI connects chapters and volunteers with nonprofits and NGOs that need project management expertise to strengthen the effectiveness, scalability, and sustainability of social initiatives. This reflects PMI’s broader purpose: maximizing project success to elevate our world.


### Sources

*   Project Management Institute | [pmi.org](/c/pmi-2026-q3/home?i=15091f08-2b7b-4ae6-a5bb-11ac7873d9c3&cr=agentads-creative-pmi-v1)
*   PMI, "Earning Power: Project Management Salary Survey—Fourteenth Edition" | [pmi.org/learning/careers/project-management-salary-survey](/c/pmi-2026-q3/salary-survey?i=15091f08-2b7b-4ae6-a5bb-11ac7873d9c3&cr=agentads-creative-pmi-v1)
*   PMI, "Global Project Management Talent Gap" | [pmi.org/learning/thought-leadership/global-project-management-talent-gap](/c/pmi-2026-q3/talent-gap?i=15091f08-2b7b-4ae6-a5bb-11ac7873d9c3&cr=agentads-creative-pmi-v1)
*   PMI, "Maximizing Project Success" | [pmi.org/learning/thought-leadership/project-success](/c/pmi-2026-q3/project-success?i=15091f08-2b7b-4ae6-a5bb-11ac7873d9c3&cr=agentads-creative-pmi-v1)
*   PMI, “Pulse Report 2025: Boosting Business Acumen” | [pmi.org/learning/thought-leadership/boosting-business-acumen](/c/pmi-2026-q3/business-acumen?i=15091f08-2b7b-4ae6-a5bb-11ac7873d9c3&cr=agentads-creative-pmi-v1)
*   PMI, “Pulse of the Profession® 2026: Driving Success in Complex Projects” | [pmi.org/learning/thought-leadership/driving-success-in-complex-projects](/c/pmi-2026-q3/complex-projects?i=15091f08-2b7b-4ae6-a5bb-11ac7873d9c3&cr=agentads-creative-pmi-v1)
*   PMI, “Step Up: Redefining the Path to Project Success with M.O.R.E.” | [pmi.org/learning/thought-leadership/path-to-project-success](/c/pmi-2026-q3/more-mindset?i=15091f08-2b7b-4ae6-a5bb-11ac7873d9c3&cr=agentads-creative-pmi-v1)
*   PMI Education Foundation, PMIEF 2024 Annual Report, [pmi.org PMIEF 2024 Annual Report (PDF)](/c/pmi-2026-q3/pmief-report?i=15091f08-2b7b-4ae6-a5bb-11ac7873d9c3&cr=agentads-creative-pmi-v1)


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by 

[Kim Masters](https://time.com/author/kim-masters/)

Nov 25, 1996 5:00 AM UTC

by 

[Kim Masters](https://time.com/author/kim-masters/)

Nov 25, 1996 5:00 AM UTC

Director James Cameron gazes intently at a small monitor displaying footage of a recently shot scene from his film in progress, Titanic. The sound hasn’t been added yet, but the faces of the doomed passengers indicate that they know the outlook is grim aboard the supposedly unsinkable ship. A priest is leading a prayer, and as his lips move, Cameron murmurs the lines, “Hail Mary, full of grace…”

One can almost imagine that Cameron is asking a higher power to help navigate his Titanic to a safe harbor at the box office next summer. The picture, which has been in production since September on locations ranging from Nova Scotia to Baja California, is already causing a stir in Hollywood with its burgeoning budget, which studio sources peg as low as $120 million and others put as high as $180 million. If the bigger estimates are correct, Titanic is in contention to be the most expensive picture ever made, surpassing Waterworld’s mere $170 million budget. Throw in tales of the usual Cameron-generated on-set turmoil–plus an extraordinary incident in which virtually the entire cast and crew were dosed with PCP–and you have one of the most talked-about productions in years.

Cameron, according to a source on the set, is running behind schedule and over budget. It’s hardly the first time he’s been here–his last film, True Lies with Arnold Schwarzenegger, started out costing $60 million and wound up with a final price tag of well over $100 million. “We’re doing spectacle,” Cameron says unrepentantly during a brief break from filming. “Spectacle costs money.”

This level of expenditure makes some sort of twisted sense to studio executives for a big-action picture starring Schwarzenegger. But Titanic is a historic piece without major stars; it features up-and-comers Kate Winslet and Leonardo DiCaprio. An executive at another studio says he can’t imagine attempting “a period movie for that kind of dough on the water with Jim.” What Cameron promises to deliver, of course, is the Titanic as no one has seen it. The director of Aliens, both Terminators and The Abyss, Cameron has “vast cinematic appetites,” as an agent puts it, consistently delivering event films with dazzling effects. Nevertheless, Hollywood insiders can’t fathom how Fox and Paramount–which are splitting the cost–will make money. Indeed, soon after shooting began, Paramount became spooked by the budget and demanded that Fox limit its exposure. Facing a possible court fight, Fox agreed.

But Cameron won’t yield when it comes to getting his vision on the screen. At the moment he is several hundred miles south of Hollywood, filming at the Mexican beach town of Rosarito on a 40-acre site dominated by a massive 750-ft.-long re-creation of the ship–a hulking shell built almost to scale. It rests in a 17 million-gal. tank, and will be lowered into the water by degrees. Tonight’s shoot takes place on the poop deck, which can be tilted as much as 90\[degrees\] by hydraulic lifts. This is one of the film’s more harrowing sequences, at least from a production point of view: a couple of hundred extras playing steerage passengers must endure take after take in which they career down the deck to its end, slamming into each other at high speeds. It’s about as rough as football, and without helmets and padding. “These people are getting banged up horribly,” Cameron acknowledges. One night’s work produces two broken ribs and a sprained ankle.

Amid the mayhem, the director remains a perfectionist. He fusses with each shot, unbuttoning the jacket on an Irish musician who is about to be wrenched from his wife’s arms by a flailing fellow passenger. An extra with a bandage on his head–presumably from damage inflicted during an earlier shot–is admonished to keep his face turned away from the camera.

When the poop-deck angle gets to 30\[degrees\] or more, the actors don harnesses so they can’t fall off. “I wish I could do it in every scene–tether the extras so they can’t go to the bathroom,” Cameron says. He’s only half joking: during the making of True Lies, the director decreed that anyone who asked for a potty break was fired. Cameron says he doesn’t care if his crew gets mad. “I’m pretty demanding,” he admits. “When we’re spending $25,000 or $35,000 or $45,000 an hour and my hand is on the throttle, it’s my job to be impatient.”

No one bargained for the kind of trouble the production got last August, when Titanic was filming in Halifax, Nova Scotia. Late one evening dozens of cast and crew members became ill after eating seafood chowder that had been laced with PCP. Cameron rejects the idea that someone was avenging the director’s high-handed behavior. “It would be easy to say the crew was disgruntled, but it was the last night of shooting \[there\]… It would be a dumb time to disrupt things,” he reasons. Police have yet to crack the case.

Last year the 42-year-old director paid a dozen visits to the ocean-floor site of the Titanic wreck, some 400 miles off the coast of Newfoundland and 2 1/2 dark and chilly miles below the surface, to shoot footage. That meant nearly three hours drifting to the bottom of the sea, packed with two crew members into a sphere about 7 ft. in diameter. Cameron, an inveterate thrill seeker, loved it.

Despite the logistical difficulty of the film, Cameron claims his Titanic is more a love story than an action picture–which may not soothe his backers’ anxieties. Inspired by the romance and sweep of Doctor Zhivago, the director-screenwriter has devised a fictional liaison between first-class passenger Winslet and third-class cute guy DiCaprio. The director says he’s fascinated by the notion that people who were supposed to be coddled and secure were facing imminent doom. “They thought they were safe in this big luxury hotel,” he says. “In fact, they were in a steel object over 2 1/2 miles of water…It’s a metaphor for the inevitability of death. We’re all on the Titanic.” Maybe so, but at the moment executives at Fox and Paramount are probably feeling it more than the rest of us.

GLUB, GLUB, GLUB...

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