instruction: Given the paragraph above paragraph, what is the PMP and who established the exam.
context: Project Management Professional (PMP) is an internationally recognized professional designation offered by the Project Management Institute (PMI). As of 31 July 2020, there are 1,036,368 active PMP-certified individuals and 314 chartered chapters across 214 countries and territories worldwide.
  
  The exam is one of eight credentials offered by PMI and is based on the ECO PMP Examination Content Outline. Most of the questions reference the Exam Content Outline PMP Examination Content Outline (also known as the E.C.O ).
response: PMP stands for Project Management Professional, and it was established by the Project Management Institute (PMI). The PMP is a professional certification for project managers that is recognized internationally. The PMP is based on the ECO PMP Examination Content Outline.