Project Management Institute (PMI) and Oracle Construction and Engineering have announced a collaboration that will allow them to pool their respective capabilities to deliver thought leadership, best practices, and tools created exclusively for professionals in the construction and asset-intensive sectors.
In recent years, PMI has extended its expertise as a resource in the project management profession to help organisations and individuals deliver complex construction projects on time, on budget, within scope, and safely.
“Oracle Construction and Engineering and PMI have a common goal: help transform the construction industry by delivering best-in-class resources to help professionals and organisations plan and build critical assets,” said Ben Breen, Global Director of Construction & Vice President, Asia Pacific at PMI.
“With our complementary areas of expertise, this collaboration means we will be able to provide professionals in the construction sector with the training and digital tools they need to successfully deliver more impactful and efficient project outcomes.”
The non-binding memorandum of understanding (MOU) executed between Oracle and PMI is intended to begin with the integration of Oracle resources into the existing coursework for the Construction Professional in Built Environment Projects (PMI-CP), a capstone certification which leverages best practices from the construction industry, construction industry organisations, and construction industry experts across the world.
As a contributor to construction research initiatives, Oracle leverages industry best practices as part of its digital technology product development efforts. Its Oracle Smart Construction Platform provides the visibility and control to orchestrate project execution from pursuit through planning, build, and handover across projects.
Advocating for the project management profession for more than 50 years, PMI is supported and fuelled by its vast community, all connected by a passion for project management. The collaboration combines the expertise and capabilities of both Oracle and PMI to further connect project teams and, ultimately, transform the construction industry.
“True progress in the construction industry lies not only in groundbreaking technologies but also in forging meaningful collaborations,” said Mark Webster, senior vice president and general manager of Oracle Construction and Engineering. “Together with PMI, we will provide the educational resources, best practices, and digital tools owners and contractors need to help increase organisational efficiency and improve how projects are delivered.”
Additionally, PMI and Oracle plan to participate in joint events, webinars, and roundtables, bringing together industry leaders and experts to address challenges within the construction and asset-intensive sectors. This collaboration is also intended to deliver PMI programs and training to Oracle employees and apply PMI best practices to configuration templates in the Oracle Smart Construction Platform.