New Standard Delivers Clarity and Consistency to Project Management

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Nov. 2, 2004--

Project Management Institute Releases A Guide to the Project Management Body of Knowledge -- Third Edition

“Business leaders see project management as key to the success of their organizations, and are increasingly relying on the competencies of project management professionals”

The Project Management Institute (PMI) has published the highly anticipated Third Edition of A Guide to the Project Management Body of Knowledge (PMBOK(R) Guide). Organizations are increasingly recognizing the importance of project management to achieve repeatable, successful project outcomes. This new edition of the de-facto global standard for the project management profession is an indispensable business tool for any organization's quest for strategic success through projects.

As an evolving knowledge-based profession, it is critical that project management practitioners have access to up-to-date information. For the potential 16.5 million project management practitioners globally, the ANSI-accredited PMBOK(R) Guide -- Third Edition is the ultimate sourcebook. This standard provides a reference to proven project management processes that have received widespread consensus on their value and usefulness. With more than 1.5 million copies of the current edition already in circulation, this new edition, available in eleven languages, meets the needs of practitioners around the world seeking to improve their management of a project.

"Business leaders see project management as key to the success of their organizations, and are increasingly relying on the competencies of project management professionals," said PMI CEO Greg Balestrero. "The PMBOK(R) Guide -- Third Edition helps meet this demand, with each edition written to supplement, reinforce and expand the profession's standards. The PMBOK(R) Guide -- Third Edition has not only become the world's de-facto standard for the project management profession, but it has also become one of business' most important reference books."

In addition to expanding upon the standardized practices of project management, the PMBOK(R) Guide -- Third Edition also provides and promotes a common lexicon that enables organizations to better manage projects through clear, effective communication. A core component of the PMBOK(R) Guide -- Third Edition is its extensive glossary of definitions for the profession's most important concepts, terms and phrases. This standard provides a foundational reference for anyone interested in managing a project.

Availability

Paperback and CD-ROM editions of A Guide to the Project Management Body of Knowledge -- Third Edition are available for purchase at www.pmibookstore.org. Because of the global impact of enacting standardized project management methodologies and practices, the PMBOK(R) Guide -- Third Edition will be available in eleven official translations: Arabic, Chinese (Simplified), English, French, German, Italian, Japanese, Korean, Portuguese, Russian, and Spanish. For additional information, please visit www.pmi.org/Professional Practices/Standards.

About PMI

PMI is the global advocacy organization for the profession of project management, creating the professional standards and an ever-expanding body of knowledge that empowers practitioners to become catalysts for organizational transformation. With more than 140,000 members in nearly 150 countries, PMI is actively engaged in setting professional standards, conducting research and delivering knowledge, promoting professional development and career advancement, and providing education, certification, networking and community involvement opportunities.

For more than 35 years, PMI has advanced the profession of project management, ultimately contributing to the success of businesses and organizations across all industries. For more information, please visit www.pmi.org.

"PMI", the PMI logo, and PMBOK(R) Guide are registered marks of the Project Management Institute, Inc.