Ben Breen: PMI-CP Certification - Addressing global cost and time overruns

The construction sector is the largest sector in the world, accounting for 13% of global GDP, but it’s been marred with low productivity. A recent survey of PMP holders has shown 70% of construction projects experience cost and time overruns. A similar survey has shown that for every $1 billion spent on construction projects, $127 million is wasted, making construction the most wasteful sector globally.

As the world’s leading project management association with over 50 years in the space, PMI has collaborated with leading construction industry experts and organizations to develop a new certification, PMI-CP, to address some of the issues. The aim of the new certification is to provide construction professionals with the relevant skills to improve efficiency, productivity, and transform the way the industry approaches projects across the globe. The organizations integral to developing the new certification include Lean Construction Institute (LCI), Construction Industry Institute (CII), Saudi Aramco, Jacobs, DPR Construction, Larsen & Toubro, Amey, BHP, and others.

The topics covered for PMI-CP certification are multidimensional. It includes the unique principles relevant to delivering built environment projects and the latest technologies making inroads into the sector. The certification presents an opportunity for new and experienced professionals to upskill and learn new techniques that can be immediately applied to projects across the world.