PMI

PMI is an acronym that can refer to several distinct concepts and organizations. Among the most commonly encountered are the Project Management Institute, the Purchasing Managers’ Index, and Private Mortgage Insurance.

Project Management Institute (PMI) is a global nonprofit professional association for project management. Founded in 1969 and headquartered in the United States, PMI develops standards and guidance for the profession, including the Guide to the Project Management Body of Knowledge (PMBOK). It offers certifications such as Project Management Professional (PMP), PMI Agile Certified Practitioner (PMI-ACP), and Certified Associate in Project Management (CAPM), along with resources, research, and networking opportunities through chapters and events.

Purchasing Managers’ Index (PMI) is a monthly economic indicator derived from surveys of purchasing managers across manufacturing and services industries. Published by S&P Global (formerly IHS Markit) in many markets, it captures indicators such as new orders, production, supplier deliveries, inventories, and employment. Readings above 50 indicate expansion, while readings below 50 signal contraction, making the index a widely used gauge of overall economic momentum and business conditions.

Private Mortgage Insurance (PMI) is a type of mortgage insurance paid by borrowers who make a down payment of less than 20% of a home’s purchase price. It protects the lender against loss if the borrower defaults. PMI premiums can be paid monthly or upfront, and cancellation is often possible once the loan-to-value ratio falls to around 80% or when the borrower reaches sufficient equity, subject to loan terms and lender policies.

In practice, PMI can refer to any of these depending on context, and other, less common uses may exist in different industries.