Project Management Professional (PMP) is an internationally recognized professional designation offered by the Project Management Institute (PMI). There are currently 658,523 active PMP certified individuals and 274 chartered chapters across 204 countries and territories worldwide. The certification exam is based on the PMI Project Management Body of Knowledge (PMBOK). Other requirements include a bachelor's degree, at least 4,500 hours of experience leading and directing projects, and 35 hours of formal project management education. A candidate who passes the exam and meets the other professional requirements is awarded the PMP certification.