NEWTOWN SQUARE, Pa - Tuesday, March 25th 2014 [ME NewsWire]

(BUSINESS WIRE) According to PMI’s 2014 Pulse of the Profession® study, poor requirements management is a major cause of project failure, second only to changing organization priorities. In order to help project professionals and organizations overcome this challenge, Project Management Institute (PMI), the world's leading not-for-profit professional membership association for the project management profession, is expanding its requirements management offerings. The online Requirements Management Knowledge Center of Excellence and the Professional in Business Analysis (PMI-PBA)SM credential are launching today. PMI is also scheduled to publish a practice guide on the topic of business analysis and a full-consensus requirements management practice standard. Together, these and other new PMI resources will better position requirements management as a critical skill component, and aid professionals in successfully navigating increasingly complex projects.

Requirements Management Knowledge Center of Excellence

Reflecting PMI’s ongoing commitment to meeting the changing needs of practitioners and organizations, PMI has launched a new Requirements Management Knowledge Center of Excellence (CoE) web page at www.PMI.org/RequirementsManagement. This resource is designed to help practitioners and organizations improve their requirements management capabilities and maturity in order to improve project outcomes.

This Knowledge Center of Excellence extends to ProjectManagement.com, where practitioners new to requirements management will find answers to basic questions, content from subject matter experts as well as tools and templates. Visit that page at www.ProjectManagement.com/Practices/Requirements-Management.

Facing Next-Generation Challenges: The Business Need for the PMI-PBASM Credential

Developed with input from a broad group of expert professionals, PMI’s Professional in Business Analysis (PMI-PBA)SM credential is a solution to the critical business need for improving requirements management. The credential is designed around business research to address the specific role business analysis serves in defining an organization’s business requirements to ensure that projects and programs deliver expected benefits and meet business goals. With this credential, organizations will now be able to validate the skills, knowledge and competence of business analysis practitioners. Likewise, practitioners will be able to demonstrate their expertise, knowledge and experience in the role of business analysis to organizations. To learn more about the PMI-PBA credential and to participate in its pilot program, visit http://www.pmi.org/Certification/PMI-Professional-in-Business-Analysis-PMI-PBA.aspx.

More Requirements Management Resources

In addition to the Requirements Management COE and PMI-PBA credential, PMI plans to publish a practice guide on the topic of business analysis later in 2014. This practice guide will link good requirements management practices from A Guide to the Project Management Body of Knowledge (PMBOK® Guide) to the practice of business analysis within organizations. In addition, a full-consensus practice standard on the topic of requirements management is slated for launch in 2015. PMI has embarked on a collaborative effort with: project managers; value, software and systems engineers; and business and agile analysts to produce a practice standard focused on the common components of requirements across these disciplines.

“Working with practitioners and experts in the area of requirements management, PMI continues to help organizations and practitioners recognize the direct impact this critical competency has on the success of their programs and projects,” said Brian A. Weiss, PMI Vice President of Practitioner Markets. “The Requirements Management Knowledge Center of Excellence, the PMI-PBA credential, and other new PMI requirements management resources reaffirm our commitment to this aspect of the profession and will help organizations embed it as part of their core project management capability.”

About Project Management Institute (PMI)

Project Management Institute is the world's leading not-for-profit professional membership association for the project, program and portfolio management profession. Founded in 1969, PMI delivers value for more than 2.9 million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. PMI advances careers, improves organizational success and further matures the profession of project management through its globally recognized standards, certifications, resources, tools academic research, publications, professional development courses, and networking opportunities. As part of the PMI family, Human Systems International (HSI) provides organizational assessment and benchmarking services to leading businesses and government, while ProjectManagement.com and ProjectsAtWork.com create online global communities that deliver more resources, better tools, larger networks and broader perspectives.

Visit us at www.PMI.org, www.facebook.com/PMInstitute and on Twitter @PMInstitute.

Contacts
PMI
Megan Maguire Kelly, +1 610-356-4600 x7030
Megan.Kelly@pmi.org

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