PMI Launches Search for New President and CEO

NEWTOWN SQUARE, Pennsylvania, May 13, 2010 - -Search firm selected to recruit replacement for retiring CEO Gregory
Balestrero-

Project Management Institute (PMI), the world's leading professional
membership organization for project managers, today announced the selection
of Korn/Ferry International to assist in recruiting its next President and
CEO. A thorough and global review of internal and external candidates for the
position will be undertaken. This follows the April announcement by current
President and CEO Gregory Balestrero, that he will retire effective 15
January 2011 after more than eight years of service to the organization.

Such a process, along with Mr. Balestrero's ongoing commitment to PMI,
ensures a smooth transition to the next President and CEO and continues the
Institute's mission of advocacy for the profession, its members and
credential holders. PMI's Board of Directors will be responsible for
selecting the final candidate to succeed Mr. Balestrero. Interested parties
should email resume suggestions and questions to PMI@Kornferry.com.

During his tenure, Mr. Balestrero has presided over remarkable growth
while serving as a tireless advocate for the profession. PMI has become one
of the largest professional membership associations in the world, serving
over half a million members and credential holders in more than 180
countries.

"Gregory Balestrero has been not only the leading advocate for project
management and project managers, he has been a guiding force in making PMI a
globally recognized organization committed to excellence," said Eugene
Bounds, PMP and Chair, PMI Board of Directors. "While we respect and support
Mr. Balestrero's decision to retire, replacing someone of his capacity is a
challenge we want to make sure is approached diligently and with all possible
consideration. Most importantly, Mr. Balestrero's continued passion for PMI
and the profession sets a positive tone for the work ahead."

About Korn/Ferry International

Korn/Ferry International, with a presence throughout the Americas, Asia
Pacific, Europe, the Middle East and Africa, is a premier global provider of
talent management solutions. Based in Los Angeles, the firm delivers an array
of solutions that help clients to attract, develop, retain and sustain their
talent. Visit www.kornferry.com for more information on the Korn/Ferry
International family of companies, and www.kornferryinstitute.com for
thought leadership, intellectual property and research.

About Project Management Institute (PMI)

The world's leading project management professional
membership organization, PMI shares knowledge with more than one half million
members and credential holders in over 180 countries. Since 1969, PMI has
impacted more than one million practitioners, businesses, governments,
students and training organizations. Today, PMI's products and services range
from world-class standards for project, program and portfolio management to
five professional credentials, including the gold standard Project Management
Professional (PMP)(R). PMI's exclusive Global Corporate Council and European
Corporate Networking Group engage large multinationals and government
organizations in endorsing the value of project management. The only project
management association with an established academic research program, PMI has
invested more than US$14 million in support of dozens of research projects
since 1997. Learn more at www.pmi.org.

Megan Maguire Kelly, PMI, +1-610-356-4600 x7030, Megan.Kelly at pmi.org, or Glenn R. Boyet, PMI, +1-610-356-4600 x1112, Glenn.Boyet at pmi.org