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2011 Project Management Institute’s Project of the Year Award Research Paper

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2011 Project Management Institute’s Project of the Year Award Research Paper
Naressa Hackney Menser
Dr. Jacob Ogunlade
CIS 517 Project Management
October 16, 2011

The Project Management Institute is one of the world leading non-profit membership association organizations in the world. It specializes in education of project management typically for those who are in the project management profession, but is also useful for any person who works with projects in their career. Project Management Institute (PMI) is a Global advocate for program management which is supported by their globally recognized standards, extensive research programs and credentials. PMI offers professional development through offering project management certification and awards. One award that is offered through PMI is the Project of the Year Award. The Project of the Year Award is a annual award that recognizes the accomplishments of a project and the project team for performing superior work on a project and executing exemplary project management. This awards point out the highlights and achievements of a project that followed PMI standards and demonstrated successes throughout the project. Successes in a project could be that it was finished ahead of schedule or it was completed well under budget. The Project of the Year Award is a global award and is awarded regardless of organizational size or PMI affiliation or membership. The only exemptions for participation in the award is current PMI staff, contractors or consultants, anyone who performed acts under contract to PMI directly or indirectly, member of the PMI’s Board of Directors or those in nomination or under evaluation processes and Board members. Individuals or organizations that do not comply with PMI practices or procedures which includes the PMI’s Code of Ethics and Professional Conduct are not eligible to receive the award.…...

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