PMI and the International Project Management Association (IPMA) have signed a memorandum of understanding to collaborate on promoting the profession of project management globally. In pursuing their mutual objectives, the two organizations will seek opportunities to increase the supply of qualified, educated professionals to fill expected vacancies in the profession. The signing of the memorandum of understanding between PMI and IPMA took place in October 2008 at PMI Global Congress 2008 - North America in Denver, Colorado, USA. A similar signing took place subsequently at the IPMA World Congress in Rome, Italy.
"By the end of 2016, US$4.5 trillion in global project expenditures will be at risk due to a shortage of qualified project managers," said PMI 2008 Chair Philip Diab, PMP®.
"Together, PMI and IPMA can more effectively address this critical talent shortfall by pursuing growth in the accreditation of university programs and by substantially increasing the number of colleges and universities worldwide that teach project management."
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The PMI and IPMA will also explore future opportunities to improve the quality and quantity of academic research on the project management profession and its application. Both organizations support research and plan to fund or sponsor research projects of mutual interest and share the results.
"We look forward to the opportunity to work together with PMI in order to achieve mutual goals," said Mary McKinlay, vice president of IPMA. "The collaboration between PMI and IPMA will provide a robust pool of resources to support the continued growth of the project management profession." The memorandum of understanding will be effective for three years.
"PMP" is a registered mark of the Project Management Institute, Inc.