AXELOS and the International Project Management Association (IPMA) have reached an agreement which will lead to the two organizations working closely together in the development and improvement of project management products, services and practices.
The 12-month memorandum of understanding (MoU) announced today sets out a framework of how AXELOS and the IPMA will cooperate in multiple countries worldwide.
As well as agreeing to work together on the improvement of products, the agreement includes a commitment by the two parties to promote each other's activities and services via appropriate media such as websites, conferences and seminars.
Peter Hepworth, AXELOS CEO, says "Since the formation of AXELOS our user community has asked us to continue to show how our products fit with other frameworks and approaches. The MoU with IPMA demonstrates our commitment to fulfilling such requests.
"PRINCE2 and the IPMA framework, IPMA Competence Baseline, are complementary approaches for project management. It can only be good that the owners of these two approaches are working together to clarify how PPM practitioners can get the best of both worlds."
The IPMA is a federation of over 60 Member Associations (MAs). The MAs develop project management competencies in their geographic areas of influence, interacting with thousands of practitioners and developing relationships with corporations, government agencies, universities and colleges, as well as training organizations and consulting companies.
Reinhard Wagner, IPMA Vice President of Standards, says "This is a wonderful opportunity for two globally recognized organizations to work together to progress the profession of project management. Practitioners will understand our respective frameworks better and when to use them, while our members and partners will profit through synergies between these offerings."