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According to the research, there are approximately 47,073 Project Management Professional (PMP) certification holders in India.
With India's rapidly growing economy and burgeoning IT sector, there is fierce competition for leadership positions in project management.
PMP certification is a valuable differentiator, enhancing professionals' credentials and increasing their chances of securing promotions, higher salaries, and desired organizational roles.
India is not the only country with a large number of Project Management Professional (PMP) certified professionals. In fact, as per PMI, there are over 1,000,000 holders of PMP across 214 territories globally.
In this blog, we'll explore why passing the PMP exam isn't just a valuable credential – it's a game-changer for anyone serious about taking their project management career to new heights.
Let's explore why the PMP certification is not just a want but a need in today's competitive job market.
What is PMP Certification?
The Project management professional(PMP) certification is rewarded by the Project Management Institute (PMI).
This professional certification tests the ability of candidates to manage people, processes, and business priorities as part of a professional project.
The ability to understand and apply waterfall project scheduling, Agile, and business and leadership management sets you apart from other professionals.
What Is PMP Certification Cost In India?
The main things you need to pay for when getting a PMP certification are the exam fee, training, study materials, and practice tests.
The Project Management Institute (PMI) sets the price for the exam, which is the same everywhere. But the other costs can change depending on where you are.
In India, the exam fee is INR 42,863, and the training can cost between INR 8,000 and INR 18,000. These are the biggest expenses when you're trying to become PMP-certified.
Exam Application Fee for PMP
After completing the registration process and submitting the required application fee on the PMI website, individuals become eligible to take the PMP exam.
Upon meeting the above point, candidates can either pursue the exam as a PMI member or proceed without prior membership.
Membership requires payment of a membership fee amounting to INR 9,963 alongside an additional joining PMP Exam fee totaling INR 772.
Opting for PMI membership offers certain advantages, notably a discounted rate on exam application fees.
While the standard non-member examination fee stands at INR 42,863, this cost is reduced to INR 23,459 for PMI members, reflecting the benefit of membership.
Training and Preparation Cost for PMP Certification
According to PMI, completing 35 hours of training is required to obtain PMP certification.
Therefore, the initial element of the PMP expenditure comprises the cost of PMP Training.
The expense of PMP training varies depending on whether candidates opt for online or in-person courses and their country of residence.
In India, the cost of Classroom Training and Preparation for PMP certification ranges from INR 15,000 to INR 40,000, while online training costs between INR 10,000 to INR 40,000, and self-paced programs range from INR 5,000 to INR 15,000.
PMP Certification Reexamination Fee
Once your application has been accepted, you will be allotted three opportunities to successfully clear the examination.
If, regrettably, you are unable to pass the exam, you are permitted to take it again, albeit with a re-examination fee required for each attempt.
Re-examination charges stand at INR 15,929 for PMI members and INR 28,961 for those who are not affiliated with PMI.
Fees for PMP Certification Renewal
The PMP certification needs to be renewed every three years.
Renewing the certification involves a formal procedure, which encompasses payment of the PMP.
The renewal fee is INR 3,475 for members and INR 11,585 for non-members.
Detailed tabular representation of PMP certification cost for members and non-members of PMI.
Specifications
Cost
PMP Exam Application Fee
INR 9,963
PMP Examination Fee
PMI Member Fee: INR 23,459
Non-PMI Member Fee: INR 42,863
Training and Preparation Cost for PMP
INR 8,000 to INR 18,000
PMP Certification Re-examination Fee
PMI Member Fee: INR 15,929
Non-PMI Member Fee: INR 28,961
PMP Renewal Fee
PMI Member Fee: INR 3,475
Non-PMI Member Fee: INR 11,585
What’s on the PMP Exam?
Here's a breakdown of the content covered in the PMP certification exam, which underwent revisions as of January 2, 2021:
A total of 180 questions
Allotted time: 230 minutes (3 hours and 50 minutes)
Two 10-minute breaks allowed
Question formats include multiple-choice, multiple responses, matching, hotspot, and limited fill-in-the-blank.
People: Comprising 42% of the exam, this section focuses on topics related to leadership, team building, conflict management, virtual team support, and mentoring.
Process: Making up 50% of the exam, this section assesses understanding of project methodology, including managing resources, budgeting, scheduling, change management, and selecting appropriate project methodologies.
Business: This section accounts for 8% of the exam and addresses business-oriented aspects of project management, such as compliance, value delivery, and facilitating organizational change.
Approximately half of the exam content pertains to predictive project management methods, with the other half covering Agile or hybrid approaches.
Let's opens doors to higher-paying jobs. Don’t miss out—enroll in our PMP Training today and take the next step toward success!
PMP certification enhances career prospects by opening up opportunities for promotions, higher salaries, and leadership roles in project management.
PMP is globally recognized and respected, allowing certified professionals to pursue career opportunities both domestically and internationally.
PMP certification demonstrates a commitment to professionalism and proficiency in project management, instilling trust and confidence in employers, clients, and stakeholders.
PMP certification equips professionals with a comprehensive toolkit of project management knowledge, methodologies, and best practices, enabling them to effectively lead and manage projects of varying complexities.
PMP certification provides access to a global community of project management professionals, fostering networking, collaboration, and knowledge-sharing opportunities.
PMP-certified professionals typically command higher salaries than their non-certified counterparts, reflecting the value and expertise they bring to organizations.
Pursuing PMP certification involves rigorous study and examination, which can lead to personal growth, skill enhancement, and a sense of accomplishment.
PMP certification aligns with industry standards and best practices, demonstrating project management proficiency and enhancing industry professional credibility.
PMP Certification Jobs and Salary
Salaries may vary across different companies, but PMP-certified project managers consistently earn higher incomes than their non-certified counterparts.
Investing in the PMP certification is a one-time expenditure that leads to significantly increased earning potential. Here are several job opportunities available to individuals who have obtained a PMP certificate:
A Project Manager collaborates with teams and stakeholders, allocating resources, establishing project plans, schedules, and budgets, and monitoring progress to ensure projects are completed on time.
Conclusion
Getting the PMP certification can help you land well-paying jobs in exciting industries like IT, manufacturing, finance, healthcare, and more.
The Project Management Institute (PMI) is the organization that gives out the PMP certification. They made a guide called the "Project Management Body of Knowledge (PMBOK)" which is the main thing you need to know for the PMP exam.
The PMP exam is tough because it covers many topics from the PMBOK guide.
So, it's important to pick a good training institute to help you prepare. Passing the PMP exam is hard, so it's a good idea to read some books about it.
You can also join our Online PMP Certification Training Course.
It covers the latest best practices from the PMBOK Guide - 6th Edition, and you'll learn from experts.
With our course, you can pass the PMP exam on your first try.
Get Expert Help to Pass the PMP Exam Easily
With the right guidance, passing the PMP exam becomes easy. Our experienced trainers will help at each step so you can confidently achieve your PMP credential.
This certification is really worth it because it gives you a lot back for what you put in, just like other project managers agree. If you're a project manager with a PMP certification, you can earn 20% more than someone who doesn't have it. Surprisingly, only about 58% of companies really understand how important project management is.
Once you get the PMP certification, it stays valid for three years. During this time, you must spend 60 hours on activities to improve your skills and knowledge. If you don't do this, you'll have to take the exam again to keep your certification.
The difficulty of the PMP exam can vary depending on an individual's experience level, knowledge, and preparation. For some, the exam may be challenging due to its comprehensive coverage of project management concepts, methodologies, and best practices.
But with thorough preparation and dedication, it is certainly achievable. Many professionals have successfully passed the exam and obtained their PMP certification, leading to enhanced career opportunities and professional growth in the field of project management.
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Satyajit Gantayat
Satyajit has broad and deep experience in Agile coaching at the strategic senior executive level while also coaching and uplifting the capability of teams and individuals. An Agile Coach and SAFe® Practice Consultant with more than 24 years of experience.
