What is the PMP Certification?
The PMP certification is managed by the Project Management Institute (PMI®) and reflects the PMI's project management processes as published in the PMBOK® Guide. Since 1984, the PMP certification has been one of the most sought-after project management credentials available.
What is the average salary of a PMP certified project manager?
The average salary of a PMP certified manager is 16% higher than individuals without the PMP certification.
The PMP certification is a globally recognized credential, and individuals are encouraged to remain active via PMI's Continuing Certification Requirements (CCRs). Only individuals who maintain active PMP credentials may refer to themselves as Project Management Professionals. Individuals do not need to be a member of PMI to earn a PMP credential.
Download also: PMBOK® Guide Sixth Edition Summarized PDF
Download also: PMBOK® Guide Sixth Edition Summarized PDF
The minimum requirements in attaining the PMP certification:
1-Education: At a minimum, A high school diploma is required
2-Project management experience
- 36 months and 4500 hours of professional experience for individuals with a bachelor’s degree or global equivalent (within the past 8 years)
- 60 months and 7500 hours of professional experience for individuals without a bachelor’s degree or equivalent (within the past 8 years)
3-Project Management Education: 35 contact hours of formal education
4-Ethics: Agree to PMI's Code of Ethics and Professional Conduct
5-Pass the PMP Exam
PMP Exam Details
The PMP exam is designed to objectively assess and measure project management knowledge. Concepts covered in the PMP exam are directly derived from the PMBOK® Guide, an internationally recognized standard (IEEE Std 1490-2003) which outlines project management fundamentals; and is applicable to a wide range of industries.
The actual exam is offered in both a computer-based testing (CBT) environment, as well as through proctored paper-based exams. A summary of the exam structure and passing requirements are as follows:
- There are 200 total multiple-choice questions which make up the PMP exam
- 25 randomly placed "pretest questions" are included, and do not count towards the pass/fail determination
- Individuals have four hours to complete the exam
- Only correct answers count, and a passing score is determined by “sound psychometric analysis”. This method indicates that scores reflect the difficulty of the questions answered.
Download also: Over 300 Planning and Schedule Free Templates
The Ten Knowledge Areas of the PMBOK® Guide
The ten knowledge areas outlined in the PMBOK® Guide and covered by the PMP exam are listed below.
- Project Integration Management
- Project Scope Management
- Project Schedule Management
- Project Cost Management
- Project Quality Management
- Project Resource Management
- Project Communications Management
- Project Risk Management
- Project Procurement Management
- Project Stakeholder Management
Additionally, the PMP practice exam content in this book include questions on the overall Project Management Framework and Professional Responsibility; reflecting the real PMP exam.
The ten knowledge areas contain a total of 49 processes which are applied to five basic process groups. These five basic process groups, or “domains”, are common across all projects and listed below along with the percentage of questions one should expect on the PMP exam:
- Initiating (13%)
- Planning (24%)
- Executing (31%)
- Monitoring and Controlling (25%)
- Closing (7%)
What are the Benefits of PMP Certification?
PMP serves as an unprejudiced endorsement of your Project Management knowledge and professional experience at a global level. Its benefits include high market value, increased credibility and in many cases, a higher pay.
Given below are different views expressed by PMP credential holders on the career benefits they could see from this certification.
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How to Prepare for PMP Exam?
Cracking the PMP exam requires a great deal of commitment and thorough preparation. Serious and good exam preparation is inevitable, regardless of your experience and education.
In the past, people with more than a decade of project management experience have failed just because they undermined the difference between being a successful project manager and being successful in clearing the PMP exam.
Most of the successful PMP candidates spend 35 hours or more to prepare, so make sure to leave plenty of time for preparation before you take the exam. The images below show some of the best practices adopted by successful PMPs.
PMP Exam Fee
we tackle one of the most common queries on the Project Management Professional (PMP) certification - the exam fee for the certification. The Project Management Institute (PMI) gives two paths to register for the PMP Certification exam - one including a membership of PMI, and the other excluding it.
The PMI membership fee currently stands at $129 for new members, with an additional $10 as a one-time application fee. Membership is valid for one year and needs a renewal every year with a fee of $129. Please note that these numbers apply to Individual Memberships, and not to Student Memberships. Learn more about PMI membership benefits on this post.
The PMP exam fee for Computer-based testing at a Prometric center currently stands at $555 for non-PMI members and $405 for PMI members. Thus there’s a straight saving of $11 if you become a PMI member first and then apply for the PMP certification exam. For Paper-based testing, the PMP exam fee is $400 for PMI members and $250 for non-members. Please note that Paper-based testing is available only if you either stay at least 300 km from the nearest Prometric center or if your Employer sponsors a PMP examination for employees within the organization.
PMI has a refund policy for PMP exam registrations. In case you’re unable to take up the exam on the scheduled date, you would need to make a request to PMI (customercare[at]pmi[dot]org) at least 30 days before the expiry date of your exam eligibility. That way, PMI will refund your fee minus a $100 processing charge. The exam eligibility period is 1 year from the date of completion of your PMP exam application review by PMI.
Also in case you’re unable to meet PMI’s audit requirements for the PMP certification, PMI will issue a refund minus a $100 processing fee to you.
Lastly, it is in your best interest to prepare well for the examination and try to clear it in your first attempt. PMI charges a re-examination fee for retakes, and this is currently $275 for members/ $375 for non-members for computer-based testing.
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