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Ins and Outs of Earning PMI PMP Certification

The Project Management Institute (PMI) representsan American non-profit organization with over 500,000 global members and over 300 local chapters worlwide. Theinstitute was founded by only five people in 1969, and now it is a leading company with a multi-national history. And, of course, itgives you theopportunity to gain the IT credentials that will help you with your career path.Let’s talk about the PMP (Project Management Professional) certification. As a respected and recognized certificate in the field of project management, it is deemed essential for project managers, in particular for those who aspire to take their career to new heights. PMI PMP is a worldwide renowned professionalcertification.

The PMPcredential is an industrystandard, which is used for testing the potential of aspirants. The candidates taking the certification exam are tested on 5 key parameters:

  • Project Initiation (13%)
  • Planning of Project (24%)
  • Project Execution (31%)
  • Monitoring and Supervising of the Project (25%)
  • Closing of the Project (7%)

The percentage is the weight that is allotted to every domain in this exam. It is an MCQ-based test, consisting of 200 questions and measuring the knowledge base of an individual. To complete the PMP exam, you will need 4 hours of your time. ExamSnap is what you need in this case. This site provides the students with free information sources, exam questions and answers, and even premium files. This online platformis everything you need for completing the test.

Perception Issue: Obstacle or Opportunity?

The project managers deliberately neglect the PMP certification for the following reasons:

  1. Long Lasting

Indeed, there are financial costs at hand here. The project managers voice their concerns about the number of hours required to earn the PMP certification. The professionals of project management often struggle with this issue.Since they do not have enough time, they need to set aside some time for daily preparation from the PMBOK guide. A lot of other manuals should also be read in preparatory sessions as part of the test.

  1. Difficult to Pass

Even the candidates who pass the PMP exam unanimously agree that it is quite difficult. The test evaluates the theoretical aspect of the candidate’s knowledge along with their practical application. The certification examcomes with 200 questions under a time limit of 240 minutes. This undertaking is quite frightening for the most seasoned project managers. Some individuals pass the test in one go while others can take years to complete.The tough standards are established to separate the wheat from the chaff.

  1. Heavy Price to Pay

For the non-members of the PMI, the fee for the PMP certification exam is $550. For the PMI members, only $405 are charged to take the test.Interestingly, the membership of the PMI costs $129 (plus one-time application fee of $10), and there are many benefits of being a part of its community. It is highly advisable to be a PMI member prior to registration for the exam.For retaking the PMP test, a member pays $275 while a non-member will spend $375 for the same exam. And for the renewal of the certificate,the individuals who are in the community will pay only $60 while thenon-members – $150.

Factoring in all these costs, the professionals may pay morethan $600 to earn the PMI PMP certification. Yet, the experts in the field agree unanimously that all costsare recovered within a few years.

Practice Tests
ExamSnap:
http://www.examsnap.com/pmp-certification-dumps.html
PrepAway:
https://www.prepaway.com/pmp-certification-exams.html
PMI-ACP: https://www.prepaway.com/pmi-acp-exam.html
PMI-CAPM: https://www.prepaway.com/capm-exam.html

Conditions to Fulfil

There are certain preliminary requirements, which are compulsory to fulfil before a candidate becomes eligible for the PMP exam. If the individuals qualifyin either of the two requirements, they may take the certification test:

  • A bachelor’s degree
  • 4,500 hours in directing and leading the projects
  • 35 hours in the education of project management (or CAPM certification)

Or:

  • A high school diploma or an associate’s degree for this matter
  • 7,500 hours indirecting and leading the projects
  • 35 hours in the education of project management (or CAPM certification)

Key Defining Advantages

So what are the benefits of the PMP certification? Below are briefly considered some of the noteworthy ones, which are a gift that just keeps giving:

  1. International Recognition

The PMI PMP certification recognizes the abilities, skillset, and management knowledge of a professional. It validates your understanding of field knowledge at an international level.

  1. Proven Excellence

The PMI PMP credential demonstrates the competency of an individual in the field by fulfilling internationally accepted requirements adhered by the project management practitioners all over the globe.

  1. Salary Benefits

The biggest draw the PMI PMPcertificate has is the salary package that the project managers earn. On average, the salary scale is higher in comparison to those working without this certification. The PMI survey concluded that the annual income of the PMI certified project managers is $108,000 while that of the non-certified professionals was $91,000. The credential expands the horizon of professional opportunities. The certificate holders now have an edge, which their peers do not have.

  1. Career Opportunities

Earning of the PMI PMPcertification leads to the expansion of career opportunities and advancement. It allows a professional to stand out from the crowd in terms of experience, knowledge, and keen awareness of project management processes that are in line with industry standards.

  1. Competitive Advantage

The PMI PMPcredential equips you with an edge, which is highly sought-after by the topmost firms and blue-chip corporations. This certification can open up opportunities, which were reserved previously for a select few.

  1. Expanding Professional Network

Presently, there are more than 773,800 PMP certificate holders around the globe. Being on-board makes you a part of this selective club and the PMI organizes meet-ups for its members spread worlwide. These meetings are held for the members to earn the Professional Development Units (PDUs), which are required to keep the Continuous Credential Requirements (CCRs) up to speed. It validates the certification for a period of 3 years.Furthermore, there are offline and online meetings and job postings that come across the candidates having different skill sets.

Summary

Sufficient to say, the naysayers may deem the PMI PMP certification as overpriced, tough, and time-exhaustive, but the benefits outweigh the costs. The project management skills are in high demand, and according to theconducted survey, the executives identified project management as one of the key skills they looked for in their desired candidates.

So, yes. The PMP credential is worth your toil, hard work, and other heavy-handed costs that come with it.


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