Before going into certification first let us know more about PMP.
Project Management Professional (PMP) certification is an industry-recognized credential for project managers. PMP provides the required skill, education, experience and competency that is required to lead and direct any project in any organization. PMP certification is administered by the Project Management Institute (PMI), which is in the USA.A survey that was recently taken by the PwC survey states that PMP certified project managers handle more than three fourth of the high-performance projects. It has also stated that organizations having PMP project managers have better project success rates compared to the organization not having PMP certified project high-performance managers. PMP was the fifth highest-paying certification in the year 2016.
Benefits of PMP certification
After getting a brief on the PMP, now let’s talk about its most important benefits or whether it is worthy enough to pursue it or not. So here we go with the benefits of having PMP certification.- Valuable Asset: Now you might be thinking about how certification could become a valuable asset to us. So here is the answer to this question, over many years it has been seen that certification on various new technologies has always been an easy and key point on getting hired by any organization, as you are well prepared with the required skill and knowledge the organizations are looking for. So it is the same in the case of PMP. There is much organization that is looking for qualified project managers, and if you go before them with PMP certification, then be sure to get hired. Basically, they tend to prioritize profiles with PMP certification over those which do not have such certification. It has been a tedious task for any organization to assess any candidate for the post of a project manager, but having a PMP certificate makes it easier for them to assess and shortlist any candidate without spending much time on it. There are many companies that are making it mandatory to have a PMP certification. It means you cannot even apply for some positions without these credentials.
- Recognition: There are many certifications that have limited acceptance, usually in some countries, but PMP boot camp is globally recognized, no matter where you want to work. Various surveys and data show that organization having PMP professionals as their project managers increase the success rate of any project they carry out. Especially organizations looking forward to completing their project on time and within the budget, go with PMP certified professionals. If you are just starting out your career in project management, then PMP certification will make up for the lack of experience.
- Enhances your skill: if you go around the market, you will find many project managers with quite a good experience also. So, how will you distinguish yourself from them? The best way to do so is by getting yourself a PMP certification. PMP certification teaches you important skills to excel in your career. To get a certification on PMP is not that easy, to do that you need to have a wide range of knowledge and skills before taking the PMP exam. Attaining a PMP credential will include learning several hard and soft skills. it exposes you to best practices and current trends in project management. You can also learn new tricks and techniques in project management activities.
- Better Compensation: When you look for any certification, you should always ask how it can help increase my salary after all everyone is looking after different ways to hick their salary. So PMP certification can make your dream come true by getting your desired salary. Across the globe and in any organization, the average salary of certified project managers is considerably higher. A recent PMI survey states that the average median salary for a project manager with certification is $ 1,08,000. In contrast, the median income for a non-certified project manager is only $91,000. Another survey shows that certified project managers earn almost 20% more than the non-certified ones. If you are working or planning to work in the USA then it’s will be the biggest advantage. Among women, PMP certified holders earn a lot more than female, certified professionals in other fields. PMP not only provides a higher salary but it also makes your job more secure.
Who should go for PMP certification?
This is the question that might haunt you a bit, but not to worry after reading this para you will have a clear picture of this question. The main purpose of PMP is to provide many governments, commercial and other organizations with highly skilled project managers so that they achieve a higher success rate of projects, by applying a standardized and evolving set of project management principles. So, PMP certification can be very essential for any project manager such as:- IT project managers
- Project Leaders
- Product Managers
- Program Managers
- Team Leaders
- Senior Project Managers
- Project Coordinators
- Project Analysts, etc.
PMP Examination
The book A Guide to the Project Management Body of knowledge popularly known as PMBOK Guide currently has its sixth edition and in it contains a project management framework that embodies a project life cycle and five major project management process groups like initiating, planning, executing, monitoring and controlling, and closing.The PMP examination is based on the PMP Examination Specification which describes tasks out of five performance domains and they are - Initiating the project (13%), Planning the project (24%), Executing the project (31%), Monitoring and controlling the project (25%), and Closing the project (7%). The percentages given indicates the percentage of questions in each domain. The PMP exam is a computer-based test and it is conducted by the global network of Prometric testing centers.
They also provide paper-based testing is there are no nearby Prometric testing centers. The exam consists of 200 questions and 25 are pre-release items, which are not included in exam scoring. The result of the examination is immediately received by the candidates. Candidates who take paper-based tests receive their test results and score reports typically within 4 weeks. So go beyond what others do and be a professional with a PMP certification, which every organization is looking for.
