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PMP Online Training- Things To Know
Introduction
According to a recent PwC poll, certified PMP project managers handle more than three-quarters of high-performing projects. Additionally, firms with more than one-third of PMP certified managers outperform non-PMP certified companies in terms of project success. What’s more, In 2016, the online PMP certification was the fifth highest-paying qualification.
Does that sound important enough? If it does, the next consideration is whether or not you should pursue PMP certification. Let us first define PMP before delving into this subject in this essay.
Know PMP Certification
Project Management Professional (PMP) is a worldwide recognised professional qualification. The Project Management Institute (PMI), a non-profit professional organisation based in the United States, provides it. PMP is a well-known and respected credential, and it is regarded as important for project managers. Particularly for those looking to advance in their careers.
The Project Management Body of Knowledge (PMBOK) with industry standards serves as a guide for test takers. The PMP exam assesses applicants on assignments from five performance domains.
- Getting the project started (13
percent) - Project planning (24 percent )
- Putting the project together (31 percent )
- The initiative is being watched and controlled (25 percent )
- Finishing the project (7 percent )
*The number in parentheses reflects the weightage allocated to each domain in the exam.
The exam contains approximately 200 multiple-choice questions. 25 of these are not included towards the final score. These are used as trial questions to improve the exam’s quality. However, because the sample questions are put at random throughout the exam, it is impossible to tell what they are. It’s also a closed-book exam. It indicates that the candidate will be unable to use any reference material throughout the test.
PMP exam requirements
There are specific requirements that must be met in order to be certified. A candidate must have either-
- Any high school or Secondary education or any other degrees in associates or equivalent globally.
- 7,500 hours with the leading and directing principles
- 35 hours training for project management
OR
- Degree- 4 years
- 4,500 hours on projects (leading and directing)
- 35 hours training of project management
Now that we know what PMP is all about, let us return to the original question. Should you acquire a PMP certification? Obtaining the PMP certification comes with both costs and rewards. However, many hiring gurus and qualified professionals feel that the benefits greatly outweigh the price.
Let us first look at some of the issues that have been raised in relation to PMP certification.
If you are not a member of PMI, the PMP certification costs 550 US dollars. However, if you are a member, the exam costs only $405 USD. However, membership in the PMI costs $139 USD. Though becoming a PMI member saves you only 11 USD, there are a slew of other advantages. As a result, it is strongly advised that you become a member of PMI before applying for the exam.
In addition, if you fail the exam on your first attempt and want to retake it, you must pay 275 USD if you are a PMI member and 375 USD if you are not a PMI member. Aside from the exam fee, there are various other expenses to consider during the preparation process. These expenses include the cost of PM training sessions, prepared books, practise questions, and so on. Taking all of this into account, obtaining this certification will cost at least 750 USD. Nonetheless, practically all experts believe that the expense is negligible in comparison to the career advancement that may be obtained through this certification.
The majority of people agree that the PMP exam is challenging. Some claim that it is the most difficult exam they have ever taken. The challenge stems from the fact that the exam assesses not only recollection but also practical application of the information. When you add the strain of time (you have to answer 200 questions in 240 minutes), it becomes daunting for even the most experienced project manager. In addition, there are individual disparities in how long it takes to pass the exam. People may also take two or three months to clear. Others, even after years of preparation, are unable to obtain certification.
But the point is, if the exam were a piece of cake and everyone could easily pass it, would it be as valuable as it is today? No way! The significance of this certification stems from the high requirements required to get and maintain the certification. As a result, obtaining the PMP certification will necessitate some effort on your part. But the good news is that the rewards of this labour will be delicious.
Yes, there is a financial cost. However, for the majority of individuals, the greater issue is the cost of time. They are dissatisfied with the number of hours required to obtain the PMP certification.
Part of it has to do with preparedness. Because the exam is demanding, you should set aside some time each day to study the PMBOK guide. But, most people agree, that’s not all. As part of your preparation, you should study numerous different manuals, attend preparatory seminars (if any are offered), and write sample tests. All of these activities consume a significant amount of time. Because the majority of candidates are already employed, they are even more pressed for time.
In addition, the PMP application requires you to document all of the tasks you completed. You must also write down every single information concerning these initiatives. It may appear simple, but it is not simple and takes a significant amount of time. Furthermore, this is not an activity to be taken lightly. This is due to the fact that PMI performs an audit process to ensure the legitimacy of applications.
To Sum Up
Yes, these issues appear to be daunting. However, in light of the benefits of PMP certification, these appear almost insignificant. In conclusion, some people may regard PMP certification as costly, time-consuming, and demanding. However, many job managers regard PMP certification as a valuable credential that adds credibility to your resume. Furthermore, it assists you in developing important abilities required to excel in your work.
So, yes! PMP certification is well worth the effort.
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