Suppose you came looking here for how to get a PMP certificate. In that case, you know that the Project Management Professional (PMP) certificate is one of the world’s most widely recognized professional credentials. You may have also heard that it is one of the most challenging certification exams. This blog will give you an overview of what it takes to be a Project Management Professional (PMP).
- What are the prerequisites for obtaining the PMP credential?
- What is the cost of the PMP certificate?
- How to renew the PMP certificate?
- Conclusion
What are the prerequisites for obtaining the PMP credential?
According to Project Management Institute (PMI), there are over 1,000,000 PMP certification holders worldwide in various industries. If you want to add your name to this list, you must pass the PMP certification exam. To qualify for the PMP exam, you must compulsorily have 35 hours of Project Management training, known as Contact hours or a Certified Associate in Project Management (CAPM) certification. Along with these, you also need to have below mentioned education and work experience:
- A three-year secondary education qualification from high school or associate degree, along with a minimum of 60 months of work experience in project management.
OR
- A four-year technical education degree with a minimum of 36 months of work experience in project management.
OR
- A master’s degree in technical education background along with 24 months of work experience in project management.
PMI allows you to retake the exam if you do not attain these requirements for the PMP exam. Many PMI-authorised institutes provide PMP training to help you achieve the 35 contact hours and prepare you to pass the PMP exam.
What is the cost of the PMP certificate?
Regarding the cost of obtaining the PMP certificate, you will have the upper hand compared to others if you’re a PMI member. You can get the PMP certification significantly lower than non-PMI members.
If you’re taking the PMP exam for the first time check these PMP Certification Requirements before applying for it; If you are a PMI member, then the fee you have to pay is $386, and if you’re a non-PMI member, the fee will be $530.
If you don’t pass the PMP exam for the first time, since the competition is tough, then you can retake the exam. The pass percentage is predicted at 50-60%. You can retake the PMP exam thrice a year.
The re-examination fees are $262 for PMI members, whereas $356 for non-PMI members.
Your PMP certificate holds a validation for three years, after which you will have to fill in a few more conditions to renew your certificate. In the next part, we will go over the renewal procedure.
How to renew the PMP certificate?
After three years of obtaining your PMP certificate, you will have to renew your certificate. PMI requires you to complete a minimum of 60 Professional Development Units (PDUs). PDUs refer to the hours of work you spend on PMI-authorised Project Managements activities after obtaining the PMP certificate. Renewal of your PMP certificate will cost $58 if you are a PMI member and $143 if you are not a PMI member.
Conclusion
To build your career in Project management, a PMP certificate will significantly boost your earning potential. PMI says that PMP holders worldwide earn 16% more on average annual salary than project managers who do not hold the PMP certification. We hope we have all the details required for applying for the PMP exam.