The First Contributions and Annual Dues
It was quickly realized that a small amount of money would be required to get
an organization started. Contributions were solicited and received from SmithKline
& French by Jim Snyder, from Brown & Root by Eric Jenett, and from MCAUTO
by Ned Engman. Meanwhile, Gordon Davis managed to convince Georgia Tech's School
of Continuing Education to provide the facilities and support as well as take
the financial risk for the first meeting. With $300 and a meeting site in hand,
plans were laid to start an organization.
In October that year a two day seminar in Advanced Project Management
Concepts was conducted by the Department of Continuing Education
of the Georgia Institute of Technology. On the evening of the first
day, October 9th, at the American Hotel in Atlanta, the existence
of the Project Management Institute was announced to a group of
approximately eighty people. A total of twenty four "founders"
joined the new Institute on the spot. In addition to serving on
the first Board of Directors, approving the initial bylaws, and
developing membership in their local areas and industries, each
founder was expected to support the organizational efforts by a
contribution of $20.
This momentous occasion was followed by a news release on October 21, 1969,
announcing the launching of the new organization designed to serve the interests
of individuals active in the field of project management. The annual dues were
set at $15.
Thus it was in the beginning