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Is PMP worth it?
27 Jun

Is PMP worth it?

  • Sudarshan Raj G , PMP, ITIL Expert
  • 27 Jun, 2017

In my professional life, many PMP® aspirants have asked me this question “Is it worth getting PMP® certification?” It takes a huge effort to prepare for PMP® certification and even more effort to clear the examination.

In this article, I will share few key points to guide you on this. 

Job Change: PMP® certification is definitely a plus point if you are applying for a Project Manager's position. Many employers only hire certified Project Managers. Landing a job as a Project Manager would definitely be easier with this certification. One reason being, just to qualify for this exam you need to have extensive experience in project handling. This certificate can only be earned by professionals who have already handled projects in their career.

Internal Growth: Some organizations encourage and even insist upon their team leads andpromising employees to go in for PMP® Certification. One reason for this is that it actually helps in creating business. In the field of outsourcing, a PMP® would enhance the Inventory of Talent for the team and make it more attractive to the client to give them more business. Because following the Project Management methodology gives the project a degree of predictability and hence a level of control. It is also a way of incentivizing the employee's performance and stay with the organization.

Pay Hike: It increases your earning potential. With PMP® certificate under your arm, you can earn higher than those project managers who are not certified and the salary for PMPs is increasing every year. There is huge pay gap between certified and non-certified project managers.

The above is true also for those who would want to continue with their present organization.

Networking: This certificate connects you to other PMPs all over the world which help you to build  your network and to gain more knowledge. PMI also organizes PMI meetings in many cities, where you can network with other PMPs and learn about other project management strategies. These meetings can help you find other career opportunities. It also puts you in a community that you can relate to. A conversation between trained Project Managers is more meaningful and objective than otherwise.

Notwithstanding the comparatively higher cost involved, PMP® certification has a lot of value in Management circles. Some companies do reimburse certification and / or training expenses so it pays to talk to your HR as you plan for PMP® certification.

The most important part of the PMP® examination is the preparation you need to do to clear the exam. The Project Management Body of Knowledge guide (PMBoK) is the primary resource of information for this exam. However, this is not the only resource. There are lot of offline and online resources available for PMP® preparation. Some aspirants even enroll for PMP® preparation courses in order to prepare for the PMP® exam. One needs to acquire 35 PDUs (Personal Development Units) to be eligible to register for the exam. This can be done as you attend a PMP® course from a REP (Registered Education Provider), charges from which vary from one institute to another.

To keep your PMP® certification active, you need to acquire 60 PDUs over a period of three years. You also need to renew your certificate every three years and there is some fee to it.

Passing the PMP® exam doesn’t clearly imply you’re an expert in all fields of project management – it means that you have cleared a test about one single framework: PMI’s own project management framework. This framework is based on a single publication, the PMBOK (Project Management Body of Knowledge). Other popular frameworks or methodologies are Agile, Prince2, and ITIL and are not covered by PMI’s framework.

Having a PMP® certificate indicate that you have a certain amount of project management experience and education, and that you’ve passed a difficult test based on PMI’s project management framework. It means you have done detailed study of PMI’s project management framework which can help you to make a project successful.

PMP® certification has helped many project managers to get hired for better project management jobs. Whether it would be right for you depends on your field and your geographic location. If you’re not sure if PMP® certification can add value to your career, it might be helpful for you to get in touch with your company’s human resource department. You can also contact project managers at your local PMI chapter to find its worth. 

Happy Certification!

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