Project management professional training has come a long way in the past few years. It has grown from strength-to-strength making the certification a gold mine for professionals who wish to embark on a full-time career in this discipline. Project Management Professional (PMP) is a globally recognized certification, which not just benefits the certification holder, but their employer as well. Organizations with PMP certified project managers have observed that their projects are delivered on time, within budget and scope. PMP certified project managers are part of an elite group of project managers who hold a strong competitive edge over others non-certified individuals.
PMP certification is offered by the Project Management Institute (PMI) to applicants who fulfil the PMP certification requirements and then pass the PMP certification exam successfully. The PMP certificate comes with a validity period of three years during which certification holders need to earn 60 PMP PDUs and renew their PMP certification credentials.
PMP certification is the most recognized professional certification for project managers globally and the certificate holders are a huge competitive advantage for their employers. Last year, the global project management market was valued at a cushy $4 billion with a CAGR of 6.9%.
PMP certification eligibility criteria
Do you have your sights on the PMP certification and are here to understand if you can take the PMP exam?
To be eligible for the PMP certification exam, you need to meet the below criteria:
PMP exam format
The PMP exam comprises of 200 multiple-choice questions. Candidates get 4 hours to take the test. If you don’t pass the exam the first time, you can take the exam up to 3 times in one year.
The exam covers five project management domains with different weightage percentages:
- Initiating – 13%
- Planning – 24%
- Executing – 31%
- Monitoring & controlling – 25%
- Closing – 7%
Note: The PMP exam is being updated currently. The update will be released in January 2021. In the new release, the PMP certification exam will focus on:
- People – 42%
- Process – 50%
- Business environment – 8%
Who should attend the PMP certification training?
The PMP training is designed for individuals and project team members who are passionate and keen to learn about project management in detail and obtain the PMP certification. The certification is especially useful for professionals who work as:
- Project Managers
- Executives / Senior executives
- IT project managers
- Project coordinators
- Business executives
Why get a PMP-PMI certification?
PMP certified professionals have a competitive edge over their peers.
As mentioned earlier in the blog, PMP certification gives the certification holder an edge over their competitors. Competitors, in this case, are individuals within the same candidate pool. Recruiters use PMP certification to narrow down their candidate searches and filter them. There is an extremely high demand for good project managers with a valid PMP certification.
As per ThinkTank Consulting, by 2027 employers will require 87.7 million employees to work in roles associated with project management.
The PMP certificate validates the skills and experience of a project manager. The rigorous eligibility and passing criteria to earn the certification places PMP certified candidates in an advantageous position in the job market as well as in the workplace. It proves the certification holder’s ability to adhere to strictly defined processes and be able to deliver positive outcomes by managing projects effectively.
PMP certified professionals earn a better salary:
Those with a PMP certificate earn about 23% more than those without.
– Project Management Institute
Earning the PMP certification ultimately has a positive impact on the paycheck because it strongly highlights your skills and capabilities over others. Taking the training in itself is enough to boost your salary, though you definitely need to have the skills and experience to back it and justify your value. Having the PMP-PMI certification listed on your resume gives an instant boost to your credibility with scope to improve your salary. Sometimes, organizations would give greater preference to an individual with a PMP certification compared to someone with just a masters’ degree.
Learn the common spoken language:
PMP training teaches you a language that resonates well with all project managers globally. The PMP certification earns you the privilege and access to a respectable and elite club of project managers. Taking this training helps you clearly articulate even the most complicated aspects of a project charter efficiently. You get the confidence, skills and knowledge of communicating effectively with clients, vendors and peers.
Get access to challenging projects:
The PMP training prepares you for an exciting line of work opportunities with projects that are more complex in nature. These projects require the skills of a PMP certified professional and makes your day job more interesting. It cuts out the predictability factor gets you access to more challenging work.
Value add to an organization:
Having PMP certified project managers on their payroll is an invaluable asset for any organization. They ensure the delivery of projects efficiently according to the stipulated timelines within the required budget.
PMP certified project managers benefit organizations in numerous ways. They efficiently and closely monitor project timelines and mitigate risks whenever required. They also respond well to market changes and helps organizations in adapting to any industry-specific changes.
Project management training and the certification given by PMI have been trending over the past decade. The PMP certification tops the list of must have certifications every year. The PMP certification is beneficial in leadership roles because it enhances your skills and ability to handle multiple projects. If you are interested in learning more about PMP training and certification, visit our website.
Cognixia – world’s leading digital talent transformation company offers the official PMP-PMI Certification Training. Our PMP training course is developed by active project management practitioners and experts, and further reviewed by the project management community before being released, to assure it always reflects the current state of the profession. It ensures that the course covers everything necessary to ace the PMP certification exam as well as operate successfully as a project manager in the workplace. Cognixia provides the latest PMP training that caters to the industry requirement of professionals having the right skills and knowledge for project management roles.