Last Updated on April 18, 2023 by Admin
Project Management Professional (PMP) certification is an industry-recognized credential for project managers. PMP demonstrates the experience, education, skill, and competency required to lead and direct projects. Read more to learn PMP certification cost, PMP certification in India, and all you need to know about the PMP exam.
PMP is the most sought-after certification administered by the Project Management Institute (PMI), USA.
With over a million certification holders worldwide, the PMP is internationally recognized and has been linked to multiple benefits for project managers. Here’s what you need to know to get started.
Table of Contents
What is a PMP Certification?
Wherever you are in your career, the globally-recognized Project Management Professional (PMP) certification tells employers, peers, and the world you know what you’re doing in project management.
Even if “project manager” isn’t part of your title, the PMP applies to anyone who helps bring a project to completion. Just like a CPA validates expertise for accountants, the PMP recognizes your ability to manage projects—and the hard work you’ve done so far.
There are more than 1,000,000 PMP certification holders worldwide. They’ve earned universally recognized knowledge. You can even prepare for the PMP certification in India.
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Why the PMP?
The PMP delivers value far into your career. CIO magazine ranked the PMP as the top project management certification because it proves you have the specific skills and experience employers seek. Certified PMPs report earning up to 25% more than non-certified project management professionals.
The proficiency earned in PMP certification can be applied across industries and geographies at the time of the practical application. PMP credential is not just limited to a single standard, methodology, or organization.
Getting PMP training and certification opens up a wide variety of opportunities for your career prospects. This certification gained wide recognition in numerous industries including IT, aerospace and defense, utilities, telecommunications, manufacturing, and banking & finance and the list goes on.
Benefits of PMP Certification
PMP serves as an unprejudiced endorsement of your Project Management knowledge and professional experience at a global level. Its benefits include high market value, increased credibility, and in many cases, higher pay.
Given below are different views expressed by PMP credential holders on the career benefits they could see from this certification.
Here are the top reasons why PMP certified people are in high demand;
- PMP Certification, not Limited to one industry
- PMP Certification help you Gain Industry Recognition
- PMP Certification, not Limited to one industry
- PMP Contributes to Land you Higher Salary
- PMP Training Improves Your Skills
- Provides Networking Opportunities
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Market Demand For PMP Certified Project Managers
Through the decade ending in 2020, 15.7 million new project management roles will be created. The profession is expected to grow by US$6.61 trillion. Now is the time for professionals and job-seekers to build project management skills, as demand for these skills outstrips supply.
In the United States, this growth will mean:
- Rising salaries
- Growth in the project-intensive sectors of manufacturing, business services, finance and insurance, oil and gas, information services, construction, and utilities
In 10 countries (Australia, Brazil, Canada, China, Germany, India, Japan, Saudi Arabia, United Arab Emirates, and the United Kingdom) with established or quickly developing project-intensive sectors, project management roles are expected to grow by 13.4 million through 2020.
Salary For PMP Certified Professionals
The Average Salary In the USA for PMP: $106,000
The Average Salary In India For PMP: INR 2000,000 (20 Lakhs)
Source: https://www.payscale.com/
About Project Management Professional (PMP)® Certification
The PMP is the gold standard of project management certification. Recognized and demanded by organizations worldwide, the PMP validates your competence to perform in the role of a project manager, leading and directing projects and teams.
What’s on the PMP Certification exam?
The PMP® Exam has changed from 2 January 2022.
The new exam now comprises 180 questions instead of 200, two 10-minute breaks instead of one, three “domains”—phases of project management—instead of five, among other changes. Make sure your study materials reflect the change.
Here’s an overview of what’s on the PMP certification test, which was updated on January 2, 2022.
- 180 questions total
- 230 minutes (3 hours 50 minutes) to complete
- Two 10-minute breaks
- A combination of multiple-choice, multiple responses, matching, hotspot, and limited fill-in-the-blank questions
The questions fall into three domains:
People: 42% of the exam
Composing a little less than half of the exam, the people section includes questions on leading and building teams, managing conflict, supporting virtual teams, mentoring, and other related topics.
Process: 50% of the exam
The process section tests your knowledge of the methodology of seeing a project through to completion. You might be asked about managing budgets and other resources, scheduling, handling changes in the project, and determining the best methodologies for the project.
Business: 8% of the exam
The business environment portion of the exam deals broadly with the more business-minded aspects you’ll have to tackle as a project manager, like compliance, delivering value, and supporting organizational change.
Roughly half of the content represents predictive project management approaches, while the other half represents agile or hybrid approaches.
To learn more about this change directly from PMI®, please visit this page;
https://www.pmi.org/certifications/types/project-management-pmp/exam-prep/changes
New PMP Exam Content Outline
New PMP Exam Reference Materials
Prerequisites for PMP Exam
- Secondary degree (high school diploma, associate’s degree, or the global equivalent)
- 60 months of project management experience
- 35 hours of project management education OR CAPM certification
— OR —
- Four-year degree
- 36 months of project management experience within the last 8 years
- 35 hours of project management education OR CAPM certification
The PMP Exam is Available Online!
You can now take the PMP Certification Exam online from your home or office, 24/7.
Steps To Follow For Certification
Step One: Apply to Take the Exam
Validate your project management experience and education
Step Two: Take the Exam
What to expect on the big day and how to prepare to pass
Step Three: Maintain Your Certification
Engage in continuous professional development in order to remain certified
PMP Certification Cost (Exam Fee)
PMP Certification cost depends on the training institution, mode of training, and country where the candidate wishes to train. The Project Management Professionals (PMP) training offers exposure to best practices involved in leading, managing, and directing projects.
The certification provided by PMI (Project Management Institute) enjoys global recognition. However, the overall PMP certification cost involves various components, such as the country of the course, the institution offering the course, and many more.
PMP certification with PMI Membership: $ 405.00
PMP certification without PMI Membership: $ 555.00
PMI membership fee: $139 ($129 + $10 one-time application fee)
Re-examination fee for PMI members: $275
Re-examination fee for non-PMI members: $375
PMP Certificate Renewal Fee: The PMP renewal fee is $129 per year after earning 60 Professional Development Units (PDUs) in a three-year cycle.
Become a member and save up to $150 or more on your certification exam fee.
How to Apply for the PMP
Get your PMP Certification with this PMI Accredited PMBOK 6th Edition exam prep course.
Training for the PMP exam: Courses and other resources
There are several routes you can take to preparing for the PMP exam. A survey by PM Exam Lessons Learned found that successful exam takers dedicated two to six months to practice. The PMI reports that the average successful PMP candidate spends at least 35 hours preparing for the exam.
Online courses: There are many exam prep courses to help you get your certification. The PMI and other private institutions offer prep courses, as do many community colleges across the country, online or otherwise. The Project Management Professional Certificate from the University of California, Irvine on Coursera will prepare you for the PMP exam and fulfill the educational requirement of 35 hours of instruction.
If you’re just getting your feet wet with project management, an introduction to project management course offered on Coursera can give you an idea of what it’s like to manage projects.
A Guide to the Project Management Body of Knowledge Guide (PMBOK Guide): This guide provides a full foundation to the various elements of project management. Though not an exam prep course by itself, the guide is fundamental to understanding project management as it relates to the certification.
Test prep books: There are several exam preparation books that will familiarize you with the questions and format of the test. It’s a good idea to take a few practice exams before you take the real one.
Other project management certifications
- Agile certifications: Agile is an approach to project management that focuses on adaptability and speed through smaller-scale and streamlined delivery. It is an approach that has gained popularity in recent years. Popular Agile certifications include the AgilePM from APGM International and the Scaled Agile Framework (SAFe) certification from Scaled Agile. Learn the ropes of Agile Development on Coursera.
- Scrum certifications: Scrum is a project management framework that emphasizes adaptability and iteration, and is an Agile process. Becoming a scrum master means you’ll be helping projects fit the scrum approach to meet success. Popular scrum certifications include the Certified Scrum Master (CSM) from Scrum Alliance and the Professional Scrum Master (PSM) from Scrum.org.
- Certified Associate in Project Management (CAPM): If you’re looking for certifications to help you build up your career, the CAPM (also offered by PMI) is suited for entry-level project managers. The CAPM doesn’t require project experience, making it a good certification for project managers who are just getting started.
Getting started
The PMP certification has the potential to grow your career as a project management professional. If you’re ready to get started, explore project management courses on Coursera.
Still new to the field? The Google Project Management Professional Certificate program can help you learn the fundamentals.
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PMP Certification FAQ
Project management experts opined that the passing rate for the PMP exam is more than 50%.
For a four-year degree holder, you need 35 contact hours of formal PMP certification training. 36 months (minimum) of experience in project management. 4500 hours (minimum) of experience in leading projects as a project manager.
• PMP certification with PMI Membership is $405
• PMP certification without PMI Membership is $555
• PMI membership fee is $139 ($129 + $10 one-time application fee)
• Re-examination fee for PMI members is $275
• Re-examination fee for non-PMI members is $375
