PMP Certification : an overview of important facts

Is a PMP Certification really worth it?

Anything worth obtaining in life, anything that has real value, involves a lot of hard work, perseverance and dedication. People often ask why they should subject themselves to the extra hours and hard-work it would take to prepare for the PMI exam just to get a PMP Certification. Specially in the highly demanding work environment we have today. A lot of us are already working long hours, sometimes on multiple projects at the same time, leaving us with less time to spend with our family and friends.

With the current economy, there are a lesser number of jobs available and many experienced workers who will be more than willing to put in the additional hours to get a professional credential, which would make them eligible to compete for the best project management positions.

Sounds pretty competitive, doesn’t it? So why would you put yourself through the extra hours? The most obvious reason according to me would be the incredible feeling you get as soon as you come out of the test center with a letter in your hands that says “Congratulations, you passed!”, knowing you achieved a goal that millions of project managers around the world dream about achieving. You’ll experience a chill run down your spine, and the joy on your face could be seen from a mile away. You would want to tell everyone, “I have arrived on the scene. I passed the PMI exam!”

PMP Certification

Then off course there are the professional benefits. You’ll not only be able to “talk the talk” (know a common dialect to be able to communicate with project managers all over the world, but also “walk the walk” by being able to apply standard proven techniques on projects.

Your loved ones will be happy for you because they’re aware of the time and effort you put into studying for the PMI exam. Your boss and colleagues will appreciate your dedication and accomplishment. Employees that rise to the level of certification are even rewarded sometimes by their company in the form of salary increases or promotions.

What are the benefits of achieving Certification/Credentials?

The actual benefits go way beyond the initial accolades. As soon as you are a certified professional, you’ll develop a newfound sense of awareness and understanding. You’ll be more confident being aware of the fact that there is globally accepted standard which will guide you to achieve higher project success rates.

You can be content to know that there are thousands of project managers around the world facing the same challenges you are – and often stumbling over similar obstacles and “potholes.” Your job becomes a little easier knowing that you are not alone on your project.

Here’s a quick rundown of the benefits of a pmp certification:

A proof of professional accomplishment and demonstration of commitment.
Instant credibility in the eyes of your customers and team members.
A marked increase in your marketability.
A significant increase in salary.
A significantly improved understanding of how to manage resources.
Superior communication skills.
Why do people pursue the PMP certification?

PMP is the premier certification credential for project managers. A randomly selected group of people, on being asked about the reasons to pursue this credential, responded with “career advancement” as their number one reason (about 50 percent of total). Another big reason was a recommendation from an employer (around 21 percent).

What are the Requirements to be Eligible for a PMP Certification?

High school diploma or global equivalent, 5 years project management experience, 35 hours project management education OR Bachelor’s degree or global equivalent, 3 years project management experience 35 hours project management education. All the project management experience must have been accrued within the last eight consecutive years prior to application submission.

What are the costs involved with the PMP Certification exam?

If you are a member of the Project Management Institute (PMI), the cost of taking the test is $405, which is significantly lesser than the $555 it costs for non-members to take the same test. The PMI gives a discount of $150 on the examination fee to its members along with several other benefits. So, I highly recommend that you become a PMI member before taking the exam. You may get more information at the PMI website – www.pmi.org or give them a call at (610)-356-4600.

Project Management Professional Job Outlook and Salary

Median salaries for PMPs are as much as 30 percent higher compared to non-PMPs.Depending upon the city you are working in and the experience you have,salary increases may range from 6 to 30 percent. PMPs in the United States earn salaries in the range of $56,000 to over $115,000.

Career Growth and Advancement

In many of today’s industries Project management is one of the fastest-growing professions be it software and hardware, government, military, construction, and information services (just a few from the top of my head). It has become an essential skill in the repertoire of a project manager for furthering their career and improving project and program management success. Ultimately, getting a PMP Certification will help you advance in your PM career a great deal.