Do you know the amazing facts about PMP (Project Management Professional? The most exciting fact is that project professionals in more than 200 countries have gained and maintained their PMP certification. There are more than one million active PMP certification holders across the world. It is a globally recognized professional certification for project managers.
PMP provides real value in professional credibility, increased earning potential, and deep knowledge of project management. Nowadays, we cannot think of any project done without a management team. It is becoming a crucial factor in any successful project. So it is essential to have a formal qualification like project management training provided by several reputed providers. It can help kick start your career as a project manager.
PMP is essential for professionals willing to take their careers to the next level and stay ahead of their competitors. It symbolizes your journey towards improving your professional abilities, knowledge, and credentials. It adds value to your resume and enables you to handle high-performing projects. A recent report says that skilled and certified PMP project managers can successfully manage more than one-third of the project. Organizations with more than one-third PMP certified managers have much better project success than companies that do not. One more attraction for PMP certification is that it is one of the highest-paying IT certifications.
This article will inform you about the PMP certification and why it is worth achieving.
What is PMP?
In projects, PMP is known as the world’s leading project management certification. This certification is considered a recognized credential for project managers. PMP is a designation given by the PMI (Project Management Institute) to professionals with specific education and experience criteria. It demonstrates the education, experience, competency, and skill required to lead and direct projects.
PMP certification was designed and created to establish a project management standard spanning different locations and industries.
Purpose of PMP Certification
Several governments, commercial and private organizations seek PMP certified project managers to gain the success rate of projects in all areas of knowledge. These professionals/managers apply a standardized and evolving set of project management skills and principles, part of PMI’s PMBOK Guide.
Basic Requirements for PMP Certification
People who want to make a career in the project management field or candidates who applied for the exam process of the PMP certification must be familiar with standard concepts, vocabulary, and challenges of project management. They are also expected to know some project management skillsets and a wide range of scenarios and outcomes.
Candidates applying to take the exam for PMP certification are required at least one or two strict prerequisites. They must have a minimum of 7500 hours of project management experience and 35 hours of related education. But if candidates have any related four-year degree, then a minimum of 4500 hours of experience through leading projects and 35 hours of project management training is a must.
Certification Cost
The cost for PMP certification depends on different countries. It may start from $300 to $5000 for earning 35 PDUs ( professional development units). Fee structure for computer-based testing (CBT) is categorized: For PMI members, it is $ 405, and for non-PMI members, it is $555. The re-examination fee is also fixed for PMI members that is $275, and for non-PMI members, it is $375.
Preparations for the PMP Certification
The PMP certification exam contains 180 multiple choice questions covering a wide range of project management concepts. The time limit for the exams is 4 hours. It is available in 13 different global languages. This high-level exam tests your knowledge in these sections: Project initiation, planning, execution, Monitoring, and Closing.
How to Maintain the Certification?
To maintain the PMP certification, professionals need to keep up with continuing education requirements to maintain their designation. People who have this certification are required to complete 60 PDUs ( professional development units) every three years to maintain and continue their degree or qualification. These PDUs can be achieved by different activities that involve project management responsibilities, public speaking, and writing articles for publication.
Benefits of PMP Certification
Different professionals ask many questions. Is this certification worth it? Is PMP certification the right choice? Is there any scope after achieving the PMP certification? We can find the answers by focusing on some of the beneficial facts of PMP certification.
In almost every business setting, project management skills are applicable and prove a great way to leverage personal value to any organization. We know that PMP certifications are a globally recognized designation, and PMI has thousands of members in various countries worldwide. So there is a high demand for PMP certified and skilled project managers who can perform project management tasks and responsibilities.
PMP certification can add value to your portfolio, and several reputed training providers offer PMP certification courses. They can help you learn essential skills that every project manager should develop as certified PMP project managers.
Many people criticize that PMP certification is difficult, time-consuming, and very expensive. But the benefits are more attractive. PMP certification provides industry recognition as it is globally acknowledged and works with any industry and location. The most attractive feature of this certification is that it can contribute to higher income compared to those who don’t have this high-standard certification. A survey reports that certified project managers can earn an average salary of $1,08,000, whereas non-certified professionals earn around $91,000.
So it is worth opting for PMP certification and investing your precious time, money, and efforts to find your niche in this domain.