Last Updated on April 27, 2022 by Hub Blogging
You might be asking yourself whether getting a PMP certification is advantageous and valuable for your professional career. PMP certification is surely well worth it. The certification offers various advantages. PMI’s salary survey makes it clear that PMP managers make it.
PMP has tremendous benefits to project management, and hence, a PMP certificate’s worth is a great deal. Your career might benefit from having a PMP certification. PMP certification is unquestionably valuable. The certification can offer plenty of positive aspects. PMI salary studies show that PMP project managers earn 20% more than the typical income. Moreover, PMP has numerous advantages, rendering its worth much greater.
Is PMP certification worth it?
Are the PMP certification’s benefits substantial? These questions are fundamental, and that is what we’d be focusing on here. It is important to go into particularities regarding PMP certification’s worth and the PMP certification benefits.
In today’s competitive market, project managers look for ways to differentiate themselves from their competitors and continue their careers. Project managers can start at the junior level, then proceed to work in an organization, gradually take on more projects, and gain valuable experience – an unforgettable experience for all projects are completed on schedule and within financial constraints.
What’s Involved in Getting a PMP Certification?
As the most important thing to note about PMP certification, it’s intended for those individuals with significant project management experience, not those who are new to the field.
Perhaps the key thing to know about the PMP certification is that it’s intended for those working in project management. Not for those just starting in this field. Where it’s essential to be an effective project manager, those who obtain the PMP certification should be the example.
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Project Management Professional Certification Requirements
- At least three years of work experience, with a minimum of four 500 hours of direct project management experience. (For applicants who do not have a college degree, it is five years of experience and at least seven 500 hours managing projects.
- 35 hours of specialized project management education
- An individual can expect to pay $400 to $600 to take a test involving at least 200 questions in any country.
Once you’re certified, you’ll need to earn professional development units every three years to maintain your PMP status. Depending on your success at earning these development units, keeping your certification can be an expensive process in and of itself.
PMP Certification Benefits
Here are five reasons why earning a PMP certification would be beneficial to you:
- PMP certification is highly regarded and accepted globally. PMP certification is trusted in more than 80 countries worldwide.
- The PMP certification has become internationally recognized, and the demand for PMP certified experts has grown steadily over the years.
- The PMP certificate’s capabilities provide you with an edge over your secondary credentials.
- Your resume plays an important role in communicating with employers. When a recruiter is aware of your PMP certified resume, they can easily understand the seriousness of your job, experience, know-how, and skills.
- To receive a PMP certificate, take intensive training. You will be trained in five primary project management processes, e.g., planning, initiation, implementation, monitoring, and control.
You have now made an effort to understand just what PMP certification means and why it’s so necessary nowadays.
PMP certification value increased 25% between last year and today. The Project Management Professional accreditation increased in caliber by 25% by 2022.
The PMP exam has inherent advantages and disadvantages, but the many benefits gained from certification outweigh the exam costs.
The average salary of a PMP-certified professional can vary considerably depending on where they work, what their specialty is, and the specific industry they work in. PMP certification is widely recognized internationally and has many benefits, especially for those who can retain their certification.
Is PMP Certification Worth It For A Project Management Career?
The pay of a certified project manager is well-known to be higher than that of an independently employed manager. However, pertaining only to the presence of a PMP certification, the pay to rise after passing the test is clear.
The investment in time and money is necessary to get your PMP certification. Is it worth the cost? Is it uncomplicated, difficult, and costly? The PMP examination is extremely pricey, demanding a significant investment of time and money.
What are the downsides to obtaining your PMP?
Passing the PMP Exam (Project Management Professional) doesn’t necessarily imply that you’re an expert in all areas of project management. It means that you have passed an examination that validates that you understand the framework of the project management process.
It does not imply that the projects you’ve managed have been successful. Some equate it with attaining your Bachelor’s degree. You have validated that you have the education but not the talent and ability to learn.
A minimum of one 35-hour lecture is required for application for the PMP exam, which cost $405 for PMI members and $555 for non-members. As of currently, the exam fee consists of $405 for PMI members or $555 for non-members.
If you already have experience as a project manager, your boss may consider reimbursing your company for expenses related to qualifying for the PMP designation. Many organizations recognize the value of certified project managers as PMPs and are willing to pay the costs.
Spending time and energy studying for the PMP examination can be tedious and occupy a lot of your time. PMI requires candidates to document all the work management and training they experience from procedure-level reference to SOP. Each undertaking will require applicants to provide a great deal of comprehensive information regarding hours spent on tasks such as creating a work breakdown structure or working activities. It is tedious work. You must be prepared to prove your experience if your application is audited randomly by PMI.
The study time it takes to pass the PMP depends on the project management experience you have. The Project Management Body of Knowledge (PMBOK) is the primary source of information that can be found on the PMP exam, but it’s not the only resource. Certain topics, such as ethics, are covered but are only glossed over in the PMBOK.
There are lots of websites that are there to help with the PMP exam. You will also find courses, but these can be quite expensive.
To maintain your PMP certification active, you need to earn 60 PDUs in three years. It requires you to supply PDUs in different categories, however, it could take years and a substantial amount of money to accumulate the needed PDUs. In addition to the expenses associated with attending courses to further develop your project management knowledge and skills, there are also expenses associated with retaining your PMP certification.
What Are the Limitations of PMP®?
PMP is rooted in a traditional plan-driven project management approach (“Waterfall”). The world is rapidly changing. There’s nothing inherently wrong with a traditional approach-driven approach to project management under certain circumstances. A traditional, plan-driven approach to project management works when a high degree of certainty and stability is required.
It can not handle relevant issues where creativity and innovation are more important than planning and control to achieve predictability.
Modern project management demands that project managers adjust their processes to suit each project. Rather than being daunted by every challenge, they should view them all as opportunities for her to improvise and derive a new result.
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Conclusion
The value of the PMP certificate is huge, and you may be able to observe the advantages of this certificate in virtually every country nowadays. MBA Training companies prepare their workers for PMP certification. This insight contributes to an increase in the PMP certificate value, so you have a grasp of the benefits and the role of the PMP certificate. Furthermore, your PMP certification serves as an indication of your work’s extra security.
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