Project Management Institute engages in strategic partnerships with leading Universities to enhance knowledge of Project Management

Signs MoU with NICMAR for enhancing development of project management in education.

NEW DELHI – Project Management Institute, Inc (PMI), the world's leading advocacy association for the project management profession, in its mission to champion the importance of project management has entered into an MoU with National Institute of Construction Management and Research (NICMAR), a leading educational institute established by the Indian construction industry. The joint collaboration will enable both organizations to explore opportunities to support the development and advancement of project management in education.

PMI establishes project management as a critical discipline that ensures projects of all kinds can be completed on time and within budget and aligned with the stated strategic objectives of the project. PMI hence has felt the need to synergize with academia to further project management education. It already has a relationship with a few leading academic institutions in India through the Registered Education Provider program. S. P. Jain Institute of Management and Research and Symbiosis Centre for Information Technology are 2 of the institutes that are a part of this program for several years now and offer trainings in project management.

According to the MoU with NICMAR, both parties will exchange knowledge, information and data that would be beneficial to the project management community and provide opportunities for project management practices and methodologies produced by their respective organizations.

This joint collaboration will support project management advocacy and research. In addition it will also support joint seminars besides collaboration for case studies and events. NICMAR & PMI also plan to take this relationship forward by having twin certificate programs and PMI global accreditation of some of the Project Management focused courses of NICMAR.

Commenting on the partnership, Mr. Raj Kalady, Managing Director PMI said, "In light of a worldwide recognition of the importance of project management as a key to improving efficiency, reducing costs and ensuring on-time delivery, there can be little doubt that the need for such joint collaboration will continue to escalate. The MoU is PMI's initiative to work closely with academic institutions with an aim to nurture highly skilled project management professionals across industry verticals."

"Our partnership with NICMAR demonstrates our vision and commitment towards advocating project management profession. NICMAR is one of the leading institutes in the realm of construction management and infrastructure and we are proud to be associated with them. We are excited about this partnership and we believe it will help produce a young dynamic generation of managers who will take on the challenge of creating a sustainable future," he added.

Dr Mangesh Korgaonker, Director General, NICMAR said, "We are confident that there will be a mutual benefit from this partnership. This MoU with PMI is a significant achievement, emphasizing synergy between an institution propagating project management and us. PMI, with all that it possesses in advanced academic training expertise, can definitely provide us with advantages in terms of developing our project management programs."

PMI is the leading global standard-setting organization and advocate for the project management profession and comprises of a truly global community of project management practitioners that represent every major industry including aerospace and defense, automotive, business management, construction, engineering, IT, infrastructure, financial services, pharmaceuticals and telecommunications.

Source : Equity Bulls

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