Project Management Institute (PMI) has announced the signing of an agreement with Green Project Management (GPM) to establish a new joint venture.
Under the terms of the agreement, the assets developed by GPM to support project professionals with sustainable project management will be transferred to the new joint venture, in which PMI now owns a majority stake.
These assets include standards, guides, tools, frameworks, learning, and certifications.
GPM will, however, retain its research and advisory activities and a minority stake in the joint venture for at least the next five years.
The President & CEO of PMI, Pierre Le Manh, noted that sustainability transformation remains one of the biggest challenges in recent times, noting that this can not be fixed without projects.
“This joint venture is about placing project professionals at the center of that transformation,” said Pierre stated.
He noted that with GPM’s certifications, learning programs, and standards now brought into a joint venture fully integrated into the PMI organisation, the institute is in a strong position to help its community turn good intentions into meaningful, measurable action, across industries and on a global scale.
This, he added, can be achieved by leveraging PMI’s ecosystem of professionals, corporate partners, academic institutions, training organisations and governments.
Speaking on the partnership, the Founder of GPM, and a pioneer in sustainable project management, Joel Carboni, stated that the joint venture brings the two parties closer to making sustainability and regeneration core to the profession
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