The full form of PMI is Project Management Institute.

The Project Management Institute (PMI) is a global nonprofit professional organization for project management.

PMI, the world’s leading project management organization with over 600,000 Global Members and over 300 Local Chapters Internationally.

The PMI serves more than 2.9 million professionals including over 600,000 members in 214 countries and territories around the world, with 300 chapters and 10,000 volunteers serving local members in over 80 countries.

Its services include the development of standards, research, education, publication, networking-opportunities in local chapters, hosting conferences and training seminars, and providing accreditation in project management.

PMI has recruited volunteers to create industry standards, such as “A Guide to the Project Management Body of Knowledge”, which has been recognized by the American National Standards Institute (ANSI). In 2012 ISO adapted the project management processes from the PMBOK Guide 4th edition.

In the 1960s project management as such began to be used in the US aerospace, construction and defense industries. The Project Management Institute was founded by Ned Engman (McDonnel Douglas Automation), James Snyder and Susan Gallagher (SmithKline & French Laboratories), Eric Jenett (Brown & Root) and J Gordon Davis (Georgia Institute of Technology) at the Georgia Institute of Technology in 1969 as a nonprofit organization. It was incorporated in the state of Pennsylvania in the same year. PMI described its objectives in 1975 as to “foster recognition of the need for professionalism in project management; provide a forum for the free exchange of project management problems, solutions and applications; coordinate industrial and academic research efforts; develop common terminology and techniques to improve communications; provide interface between users and suppliers of hardware and software systems; and to provide guidelines for instruction and career development in the field of project management.”