What Is PMP®?
PMP® exam is a Project Management Professional certification by the Project Management Institute (PMI®). PMP® is globally recognised with members in 193 countries. Having a PMP® demonstrates the experience, education, and ability to lead and direct successful projects. Most project manager positions in top companies require PMP® qualification and if not it is seen as a distinct advantage to have the qualification. All information regarding PMP® can be found here in the PMP© Certification Explained article.
Is The PMP® Worth It?
The top 4 reasons to do the PMP® or get any PMI® credential are:
- Credibility: The Project Management Institute (PMI®) was founded in 1969 and since the 1980’s have been making efforts to standardize project management procedures and approaches. You can see the amount of PMI® credential holders in the below table.
- Competitive Advantage: PMP® certification holders will have a distinct advantage over other project managers in the work place not only in knowledge but also salary. Check out the latest project management salary survey from 2015.
- Commitment: The PMP® certificate requires their project managers to develop their knowledge to main their credential. They recently updated the PMP® renewal process putting more emphasis on Technical, Leadership and Strategic & Business Management. This has been implemented to align with employer-identified skills to ensure PMP® designation holders are equipped to remain relevant and competitive by developing these employer demanded skills.
- Transferability: PMI® certification is not tied to any one specific methodology, industry, or region
If you are looking for more details on PMP® and other options you can check out these articles….
- Is PMP Certification Worth It
- Other Project Manager Certifications
- PMBOK vs PRINCE2
- PMP Methodology vs PMI-ACP
- CAPM vs PMP Overview
The most important thing about PMP® is to make sure if you are applicable, to become PMP® certified you need to meet a range of requirements. To take the examination you need pay a fee and meet the prerequisites highlighted below. To keep the high standard of the credential the PMI® review each application and audit any application that raises any flags, we go through the audit process in this article.
What is PMP Requirements
- Secondary degree (high school diploma, associate’s degree or the global equivalent)
- 7,500 hours leading and directing projects
- 35 hours of project management education
- Four-year degree
- 4,500 hours leading and directing projects
- 35 hours of project management education
- Member US$40
- >Non-member US$555
Don’t Have Project Manager Hours Done?
Qualifying hours include any work done while involved in a project you do not have to be the project manager in each project. What you do is to have worked in the 5 different stages of a project which are….
- Initiation Phase
- Planning Phase
- Executing & Managing Phase
- Monitoring & Controlling Phase
- Closing Phase
When applying you must provide examples of when you worked in each stage. Also when applying you can only count one project at a certain time so you can not take into account of working on 2 simultaneous projects.
We go through the entire application process here with all the relevant information you will need.
“Fail to Prepare, Fail to Prepare” is definitely the case when it comes to passing the PMP® Preparation. I made the costly mistake of only reading the PMBOK® Guide first time round. The PMBOK® Guide is a manual/guide on the PMI® approach to project management and the PMP® exam is based on it. What you need to know is….
- Which Resources to Purchase
- Which Materials to Learn
- How to Test Yourself
- Having a Exam Day Plan (100% one of the most important things when comes to passing)
We go through the everything you need with all the relevant PMP® preparation information in this article.
You have 3 years before your PMP® certification expires. Within these 3 years you need to accumulate 60 professional development units (PDUs). If you have not accumulated the 60 PDUs you cannot renew your certification. If you have not accumulated the PDUs and renewed within 3 years your credential will be suspended. You will then have one year before you credential expires completely.
We go through the everything you need to know to maintain your PMP® credential in this article.