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PMIs Pulse of the Profession Report in 2016 states that Organizations waste $97 million for every $1 billion spent on projects. PMIs 2017 Pulse of

PMIs Pulse of the Profession Report in 2016 states that Organizations waste $97 million for every $1 billion spent on projects. PMIs 2017 Pulse of the profession also unveiled that the success rates of the project has increased compared to previous years.

What is PMI? State any one function of PMI.

Discuss any two reasons of how the success rate of the projects have improved according to PMI.

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