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JANUARY
2010
10-Month Effort to Ensure Relevant Principles
Board Approves Update to
Arevitalized set of core values, a key part of the PMI Strategic Plan, was ap- proved by the PMI Board of Directors in its October meeting. The project to review the core values was a 10-month effort by a team of PMI leaders. Core values are a key part of the Insti- tute’s core ideology, which describes PMI’s consistent identity. Core values— the essential and enduring principles guiding PMI—aim to drive behavior by ensuring that the Institute’s stakeholders are aligned with these important identify- ing traits. As part of its duties, the PMI Board of Directors regularly reviews the PMI Strategic Plan to ensure that it remains relevant, vital and vibrant. The core val- ues are part of the PMI Strategic Plan. The PMI Strategic Plan was first com-
pleted in 2002, and, over time, sections
have been updated.
Role of the Core Values Review
Task Team
In December 2008, the Board chartered a
Core Values Review Task Team to assess
and analyze the core values, with an eye
toward clarifying and augmenting their
meaning for all stakeholders. This action came on the basis of a recommendation by the Board Model Assessment
Task Team and the External Relations
and Volunteer Involvement Committee.
The Core Values Review Task Team
included three PMI Directors—Yanping
Chen, MD, PhD, PMP; William Moylan, 2009—Making Progress on the PMI Strategic Plan: Advancing the Profession and Its Acceptance PMI Educational Foundation Announces Scholarship Recipients New Media Council Provides Social Media Advice Fifth International Project Management Day Celebrated Worldwide Innovation is the Theme at PMI Global Congress 2010—Asia Pacific Events Calendar New Standard Provides Good Practices on Risk Management Chapter Links 36 16 10 11 15 18 19
Core Values
Core values—
the essential
and enduring
principles
guiding PMI
PhD, PMP; and Jon Mihalic, PMP. They
were joined by three global leaders—
former PMI chairs Debbie O’Bray and Iain
Fraser, PMP, and PMI United Kingdom
Chapter Director of Outreach Nick Lake,
PMP. Rounding out the team were three
supporting staff members—PMI Executive Vice President and COO Mark Langley; Chuck Lage, manager of portfolio
management; and Janine Kwasny, COO
executive assistant.
A Methodical Review Process
From the beginning, the team believed
that input from key stakeholders was critical to clarifying PMI’s core values. After
defining what core values really are, the
team reached out to PMI founders, PMI
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