PMP Certification: It worth All the Efforts and Money? PMP certification has become the new buzz word in the world of project management. Every aspirant who is willing to take over the role of project manager wish to attain this golden standard certification to validate his knowledge and skills to become a certified project manager. This certification doesn’t only set you apart from the crowd but also showcase you have what it takes to fulfill the role of the project manager in an organization. According to the recent survey, three-fourth of the total high performing projects are managed by the certified project managers. Also, companies that have the certified project manager at the place have higher chances of getting successful with their projects. If compared in terms of salary, PMP is one of the highest-paid certifications in 2019. As the role of the project manager is not limited to only or two industries, the chances of getting hired are quite high. However, there are still some aspirants who are still debating with themselves whether they should or shouldn’t attain this certification course. While there are some who end up taking the PMP Certification Training for Career to crack the exam many ends up asking:
Is the PMP Certification Cost worth it?
Well, answering this question is not that easy and there are several factors that affect the value of the PMP certification. Now, right before you explore the factor that helps measure the value of PMP certification in your career you need to understand what is PMP certification all about?
PMP- a quick overview Project Management professional is the globally recognized certification offered by the Project Management Institute (PMI). As one of the most valued and respected credentials, PMP is often considered as a must to have certification for project managers.
Domains of PMP The PMP exam test consists of 5 key domains that respectively cover a different percentage of the exam. It includes: ·
Initiating the project (13%)
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Planning the project (24%)
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Executing the project (31%)
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Monitoring and controlling the project (25%)
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Closing the project (7%)
The exam format The exam consists of 200 multiple-choice questions. Although there is no specific score standard has been set for the PMP certification it is highly recommended to at least cover 70% questions for the saver side.
The truth behind the certification claim Now when we have taken the quick overview of the PMP certification, it is time to get back to our previous question- “Is the PMP Certification Cost worth it?” The worth of the certification depends on both cost and benefits. Most of the PMP professionals at ProICT Training believe that the benefits of the certification far outweigh the cost factor. Let’s dig further to see both cost and benefit factor of PMP certification:
Expensive but adds value to resume If you are not a member of the PMI then the overall certification will cost you around the 550 dollars. However, if you become a member before attaining the PMP certification then, it will only cost only 405 dollars. Yes becoming a member will save you only 11 dollars by becoming a member of PMI there is a number of benefits that come with the membership. Although there are several other project management certifications you can pursue to advance your career, PMP is one of the most valued certifications among them all. Employers who are willing to fill the position of the project manager in their organization understand the value of the certification and hence, prioritized the certified candidates over others.
Furthermore, companies are making PMP certification as a mandatory requirement for the position of the project manager. It means you cannot even apply for the role of project manager before having the PMP certification in hand.
It is difficult but provides industry recognition Those who have pursued the PMP certification exam agree that ‘it is a tough nut to crack’. Some even claim that it is one of the hardest exams they have ever taken. It doesn’t only test the theoretical knowledge of the candidates but also the practical application of them. On top of this when you add the time pressure it becomes even more terrifying to take the exam. Also, the success rate of the exam differs from one person to another. But the point is if the PMP exam were a piece of cake, anyone could have it on their resume. Yes, I agree it will take some time and lots of practice to take this certification but imagine the recognition you will get once you crack it. There are professionals who only focus upon one or two domains but PMP, on the other hand, is global and can work with any industry. Talking about the value of PMP certification, studies show that the certified project manager increases the success rate of the projects as well as organizations. Also, the certified manager is more capable of completing the project within the given budget.
It is time-consuming but builds new skills If you talk about the efforts, PMP is a time-consuming certification and it can be challenging for many aspirants to manage work with the study. Therefore, they often take online PMP Certification training course to learn at their own pace without compromising with the on-job growth. More significantly the PMBOK certification will help you to build the key skills from the very scratch.
In the end, if you want to keep growing your career then, it is highly recommended to take the PMP Certification. ProICT Training is one of the most reputed platforms that provide the best PMP certification training courses. Browse the website to learn about it.