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5 Amazing Benefits Of PMP Certification

Climbing up the career ladder is not easy and it takes a lot of hard work and patience. However, with a Project Management Professional (PMP) certification, things can become a little easier. A PMP certification can increase your salary dramatically and benefit your career. It improves your project management skills and makes you better at handling projects. Here are some of the benefits of earning a PMP certification: Growth In Career The PMP certification course is an internationally accredited one and is recognized by the entire global business community. Most big corporates look for PMP certified project managers and earning this certification would surely land you with a better job. Everybody in the corporate world know the benefit of networking. When you become PMP certified, you’ll be in touch with people pursuing PMP certification courses and ones who are already PMP certified. You never know who might help you in getting a better job (and salary). The more people who you are in touch with in your field, the better it is for your career growth. Enhance Your Skills It’s not easy to get the PMP certification and you need to undergo rigorous training for the same. There is a also a significant amount of coursework involved. You get trained and educated in in five project management processes—planning, initiating, implementing, monitoring and controlling, and finally closing. In short, you learn A-Z of project management which you can implement in your company projects for better project execution. Expand Your Marketability A PMP certification can help reach to global organizations working in different parts of the world. It enhances your professional marketability to a great extent and legitimise your experience as a project manager. You’d also be in touch with individuals aspiring to take up the course and PMP certified professionals as already mentioned, through project management forums and discussion boards, helping you to master your expertise with their tips and knowledge. Earn More PMP certified project managers earn more than the non-certified ones. As soon as you get your PMP degree, you can command a higher pay and you can expect an immediate hike. Many surveys have shown that PMP certified project managers earn at least 20 percent more than the non-certified counterparts. Also PMP certified professionals have the capability to earn a six figure income.   Be A Project Manager Corporates Look For Last but not the least, a PMP certification shapes you as an efficient project manager, though that depends on how seriously you take up your course. A project manager needs to take care a lot of things and all such aspects are covered under this certification course. Project managers might need to train others and evaluate team members and even potential employees. A PMP certification gives you the skills and knowledge required to handle such situations as well. The benefits of PMP certification are many and not just limited to these five. No matter what your field is—commerce, finance, research, telecom, technology, or business, a PMP credential is a ideal bet for professionals looking for better job opportunities and is your stepping stone to new markets, new industries, and even new countries. The lengthy exam process and hefty exam and course fee might demotivate you for taking it up, but your money and time (and of course effort) is worth it as the returns you get is way beyond you can think of.

5 Amazing Benefits Of PMP Certification

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5 Amazing Benefits Of PMP Certification

Climbing up the career ladder is not easy and it takes a lot of hard work and patience. However, with a Project Management Professional (PMP) certification, things can become a little easier. A PMP certification can increase your salary dramatically and benefit your career. It improves your project management skills and makes you better at handling projects. Here are some of the benefits of earning a PMP certification:

Growth In Career

The PMP certification course is an internationally accredited one and is recognized by the entire global business community. Most big corporates look for PMP certified project managers and earning this certification would surely land you with a better job.

Everybody in the corporate world know the benefit of networking. When you become PMP certified, you’ll be in touch with people pursuing PMP certification courses and ones who are already PMP certified. You never know who might help you in getting a better job (and salary). The more people who you are in touch with in your field, the better it is for your career growth.

Enhance Your Skills

It’s not easy to get the PMP certification and you need to undergo rigorous training for the same. There is a also a significant amount of coursework involved. You get trained and educated in in five project management processes—planning, initiating, implementing, monitoring and controlling, and finally closing. In short, you learn A-Z of project management which you can implement in your company projects for better project execution.

Expand Your Marketability

A PMP certification can help reach to global organizations working in different parts of the world. It enhances your professional marketability to a great extent and legitimise your experience as a project manager. You’d also be in touch with individuals aspiring to take up the course and PMP certified professionals as already mentioned, through project management forums and discussion boards, helping you to master your expertise with their tips and knowledge.

Earn More

PMP certified project managers earn more than the non-certified ones. As soon as you get your PMP degree, you can command a higher pay and you can expect an immediate hike. Many surveys have shown that PMP certified project managers earn at least 20 percent more than the non-certified counterparts. Also PMP certified professionals have the capability to earn a six figure income.
 

Be A Project Manager Corporates Look For

Last but not the least, a PMP certification shapes you as an efficient project manager, though that depends on how seriously you take up your course. A project manager needs to take care a lot of things and all such aspects are covered under this certification course.

Project managers might need to train others and evaluate team members and even potential employees. A PMP certification gives you the skills and knowledge required to handle such situations as well.

The benefits of PMP certification are many and not just limited to these five. No matter what your field is—commerce, finance, research, telecom, technology, or business, a PMP credential is a ideal bet for professionals looking for better job opportunities and is your stepping stone to new markets, new industries, and even new countries.

The lengthy exam process and hefty exam and course fee might demotivate you for taking it up, but your money and time (and of course effort) is worth it as the returns you get is way beyond you can think of.

KnowledgeHut

KnowledgeHut

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KnowledgeHut is an outcome-focused global ed-tech company. We help organizations and professionals unlock excellence through skills development. We offer training solutions under the people and process, data science, full-stack development, cybersecurity, future technologies and digital transformation verticals.
Website : https://www.knowledgehut.com

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1 comments

Amber 31 May 2018

I find your opinion quite interesting, really helpful for PMP Certification Exam

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What is PRINCE2®? PRINCE2® (PRojects IN a Controlled Environment) is a project management methodology to run Projects in an effective and efficient manner. It is one of the widely accepted project management frameworks by global organizations and practitioners.  PRINCE2 provides project essentials and serves as a barebone or backbone to run successful projects. This framework can be optimized to fit into any project environment (meaning any enterprises or government, industry, domain etc). PRINCE2 revolves around the core concepts of principles, themes and processes. Let’s get introduced to the PRINCE2 elements: Principles:  Guiding principles or good practices or manifesto of PRINCE2 helps project practitioners across the globe to seed and nurture the right mindset, behaviour and culture while managing projects. There are seven principles. 1. Continued business justification (business value, worthwhile, viability)2. Learn from experience (retrospection, maturity, feedback, improvement)3. Defined roles and responsibilities (who is doing what, what is expected from whom, project stakeholders) 4. Manage by stages (boundaries, phases)  5. Manage by exception (delegation of authorities with tolerance)6. Focus on Products (quality-centric approach to product delivery) 7. Tailor to suit the project (less-bureaucratic)Themes:  Project management revolves around high level tasks such as Plan, Execute, Monitor and Control and these activities, in turn, are centered around project aspects such as Scope, Cost, Time, Quality, Risks and Benefits. There are seven themes. Themes are important areas of focus and answer all the questions like: How to run the project? What documents/templates/logs/registers/plans/communications are required from the start to the closure? What techniques/methods are required to manage the project? 1. Business Case theme (Business Case, Benefits Management Approach)2. 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Initiating A Project (Solid foundation before execution of the project work)4. Managing Stage Boundaries (adjustments to the plans and activities, retrospections)5. Controlling A Stage (work package, managing of risks/issues, progress reporting)6. Managing Product Delivery (development of specialist products)7. Closing a Project (formally end the project)Benefits of PRINCE2: PRINCE2 provides good governance for project management. It can be applied in any industry, domain or organization (be it IT or non-IT). It can be tailored to be used alongside any other project management methodology. Common terminology or vocabulary helps in effective communication between all the project stakeholders. A defined structure for accountability, delegation, authority and communication is established with the help of project organization structure and all the key stakeholders are represented in this structure for better planning and decision-making. It focuses on delivering quality products to stakeholders to fulfill their needs and realize the benefits. Different types of plans suggested by PRINCE2 help to address the needs across different levels of management within the project organization. Manage by exception helps in avoiding micro-management with the help of delegation (with tolerances) and still having necessary control on the project work. PRINCE2 ensures benefit realization at its core, rather than simply completing the project within deadlines for cost and schedule. Traditional Project documentations are seen as bureaucratic in today’s agile world. PRINCE2 provides a comprehensive list of just enough documentation to suit any type of project. PRINCE2 recommends and provides control points to retrospect, learn lessons and continually improve the project work.  It provides confidence to the project board or decision makers by establishing transparent audit mechanisms.  How can PRINCE2 benefit you? If you are a student aspiring to get into a job, you will be well equipped with the project management skills you need, if you have a PRINCE2 certification before you enter the corporate world. If you are new to project management, PRINCE2 provides a brief overview of how to manage projects in a crisp and clear way. This can serve as your stepping stone into the field. If you are already a project manager encountering clients or customers using PRINCE2, it will help to align your work in PRINCE2 style. If you are already using PRINCE2 and encountering agile ways of working, you can learn more about tailoring PRINCE2 to suit agile environments using PRINCE2 Agile. How can PRINCE2 benefit your organization? If you are a start-up company running projects in your own heroic style, you can validate your ways of running projects with PRINCE2. If you see real value from this framework, you can start your PRINCE2 journey by simply using the Principles. This can save cost, improve project efficiency, infuse discipline and increase the success rate.  If you are an enterprise using different methods/models to manage projects, still you can try using PRINCE2 to suit your project environment. One of the important benefits of using PRINCE2 is effective use of management time. Concepts of delegating with tolerance nurtures a culture of empowerment and experimentation and increases agility & control.  If you are an organization working with clients using PRINCE2 models, it will benefit your project managers, team members and stakeholders to align the project work according to the customer’s needs.  Having PRINCE2 certified practitioners in your company will provide an advantage to bag new contracts/clients. There are many reasons for a project failure. Vital reasons are lack of management support, user involvement, incomplete requirements and many more. PRINCE2 provides a project organization structure with correct composition or representation from different stakeholder groups such as sponsor, user and supplier. If implemented correctly, entities will be abundantly benefitted in terms of increasing the success rates of projects by aligning and delivering the products as per the project vision or goals.  PRINCE2 is also robust and compatible with any other methods/methodologies/frameworks/good practices/tools/techniques that many organizations use. It serves as a backbone to support any initiatives. With agile models being rapidly implemented in today’s digital organizations, PRINCE2 can be easily tailored to run projects in an agile way.  If scaled properly, PRINCE2 can support the management of projects in any domain or industry of any complexity. Components of PRINCE2 Certification:There are two levels in PRINCE2 certification.  PRINCE2 Foundation is a pre-requisite to take up the Practitioner exam. If you are already a PMP/PRINCE2 Agile Foundation or Practitioner certified, you can directly take up the PRINCE2 Practitioner exam. There are also other foundational qualifications such as the PMQ or CAPM, among others, that make you eligible to write the Practitioner exam, provided you familiarize yourself with the PRINCE2 manual before the exam attempt. To read more about the PRINCE2 certification, please click here to read our blog on “Facts about PRINCE2 Examination”. Taking the exams:  PRINCE2 exams can be taken in 3 different modes:  Paper Based Test Computer Based Test Online Proctored Test You need to get in touch with an Accredited Training Organizations (ATO) to book your exam. ATOs are authorized by Axelos (which is the governing body). Please visit this website to find out your nearest ATOExamination Languages: The PRINCE2 Foundation and Practitioner examinations are currently available in English, German, Danish, Dutch, Polish, French and Norwegian. Certification Cost: The certification cost differs based on the mode of examination and geography. The cost of both Foundation and Practitioner exams together may cost you between $500 to $900. The training cost is NOT included in the certification cost. Please check with your nearest ATO for more details. You can also buy the exam directly from Peoplecert (Examination Institute authorized by Axelos). To know Peoplecert’s certification rates, please visitHow much can I earn? The modern job market seeks T-shaped professionals who are versatile in deep technical skills and broader management skills. Employers are looking for employees who have the right attitude to learn, adopt and adapt to current trends. Project management skills are highly recommended in this modern digital era. Projects are used as a tool to induce any changes in an organization/enterprise/government. Be it process improvement, new product development, commissioning or decommissioning an existing service or product, making significant changes to an existing product or service, changing from one service provider to another, transition activities, organizational transformation, responding to a competitor’s moves or technological advancements (like robotization, cloudification, artificial intelligence), environmental changes, action plan to address uncertain situations like COVID-19 etc.,  there is always a need for project related roles.  If you check for project manager jobs in LinkedIn, Naukri or any other job sites, depending upon your industry and location, there might be a few thousands of unfulfilled openings. We cannot eliminate the fact that many job requirements are fulfilled internally within an organization or through employee referrals or partners. As per PMI (Project Management Institute), demand for project managers will increase manifold in next 10 years. Please read “Project management Job Growth and Talent Gap Report” from PMI’s website. This report states that “by 2027, employers will need nearly 88 million individuals in project management-oriented roles. China and India will represent more than 75 percent of the total project management-oriented employment. ” This report shows that project managers are important contributors to productivity.  A snapshot of salaries related to project management roles in India published by PMI is furnished herewith. 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PRINCE2® Exam and Certification Guide

PRINCE2® (PRojects IN a Controlled Environment) is widely considered to be one of the leading project management methodologies to run successful projects. It is a simple, light weight, scalable, flexible, highly tailorable, principle driven and agile enabled framework to run your projects effectively and efficiently. PRINCE2 revolves around the core concepts of principles, themes and processes which can easily fit into any project environment across enterprises and industries.PRINCE2 Certification LevelsThe PRINCE2 certifications are offered by Axelos and comprise of the PRINCE2 Foundation and PRINCE2 Practitioner credentials.PRINCE2 Foundation:  The PRINCE2® Foundation certification is the first level of the PRINCE2 suite of certifications. This credential intends to confirm your knowledge and understanding of the PRINCE2® method and validate your ability to work effectively with or as a member of a project management team working within an environment supporting PRINCE2®. The PRINCE2 Foundation covers the following learning objectives:  Structure and key terminologies of PRINCE2 method  Characteristics and context of a project  Benefits of adopting PRINCE2   PRINCE2 principles and themes  Purpose, objectives and context of PRINCE2 processes  Purpose of PRINCE2 roles and management products  Tailoring PRINCE2 to organizational and project needs  Preparing for the PRINCE2 Foundation examPrerequisites for appearing for the PRINCE2 Foundation exam: No prerequisites are mandated for this exam. The credential is a good starting point for professionals new to PRINCE2®. Process to follow to get PRINCE2 Foundation certified: 1. Get trained Get the 16-hour training through a Certified Partner of AXELOS and PeopleCert or self-study 2. Take the PRINCE2 Foundation exam Schedule your certification exam using the eligibility code you receive from PeopleCert. Take the 60-minutes online test and score a minimum of 55% to pass the PRINCE2 Foundation exam. 3. Get PRINCE2 Foundation certified  Download the e-certificate. You are now a PRINCE2 Foundation certified professional. Exam Details: Multiple choice  60 questions  1 hour to complete the paper  Achieve 33 or more out of possible 60 marks (55%) to pass the exam  Closed book exam The Foundation exam tests the candidates’ ability at Knowledge and Comprehension level, which means that candidates will have to recall the terminologies/definitions and also interpret the given questions correctly. This exam is pretty simple if you are well prepared.  Tips & Tricks to pass the PRINCE2 Foundation exam Read the study materials to get a complete understanding of the PRINCE2 methodology and concepts. ‘Managing Successful Projects with PRINCE2® 2017 Edition’ is one of the most important reference materials for your preparation. Practice extensively. Practice two sample question papers given by the governing body. Validate the answers with the answer rationales. Please visit: to download the sample papers.  Practice the sample papers along with other learners (in groups) if possible.  Read each question thoroughly (at least twice) before answering the questions.  Seek help and advice from your trainer/facilitator/coach to get the concepts correct during the training or before the examination.  PRINCE2 Practitioner:  The next level after the Foundation is PRINCE2 Practitioner. The designation is offered by AXELOS to practitioners who demonstrate their understanding by passing the rigorous PRINCE2 Practitioner exam. The credential helps professionals apply and tailor the PRINCE2® method, its principles, and themes to diverse projects and guide projects through their lifecycles.The PRINCE2 Practitioner covers the following learning objectives:  1.  Applying and tailoring the PRINCE2® method to diverse projects to bring in project flexibility  2. Applying the PRINCE2® principles across projects Providing business justification for the project  Building on experience from previous projects  Understanding project roles and responsibilities  Managing a project by breaking it into chunks  3. Applying principles, themes and processes to a project  Providing business justification for the project  Building on experience from previous projects  Understanding project roles and responsibilities  Managing a project by breaking it into chunk Building a business case to justify project continuity  Keeping track of all roles involved  Defining project quality  Planning targets  Handling change requests  Tracking project progress  4. Creating and assessing management products  Managing, executing and delivering work packages  Managing stage boundaries   Creating reports and record lessons for next stage  Delivering products to the customer  Prerequisites for appearing for the PRINCE2 Practitioner exam To qualify for the PRINCE2 Practitioner exam, you must have at least one of the following certifications: PRINCE2® Foundation or higher (applicable only to certificates obtained after 1 January 2009) Project Management Professional (PMP)® Certified Associate in Project Management (CAPM)® IPMA Level A® (Certified Projects Director) IPMA Level B® (Certified Senior Project Manager) IPMA Level C® (Certified Project Manager) IPMA Level D® (Certified Project Management Associate) Project Management Qualification (PMQ) Project Professional Qualification (PPQ) Process to follow to get PRINCE2 Practitioner certified: 1. Get trained Take the 16-hour PRINCE2 Practitioner training from a Certified Partner of AXELOS and an accredited training organization (ATO) with PeopleCert®. 2. Take the PRINCE2 Practitioner exam Schedule your certification exam using the eligibility code you receive from PeopleCert. Take the 60-minutes online test and score a minimum of 55% to pass the PRINCE2 3. Get PRINCE2 Practitioner certified Download the e-certificate. You are now a PRINCE2 Practitioner certified professional. Exam Details: Duration - 150 minutes (2.5 hrs)  Questions – 68 Objective type questions  Pass mark – 38 out of 68 available, or 55%  Use of textbook - Yes (only the official PRINCE2® manual permitted ) The Practitioner exam will now test candidates on all parts of the PRINCE2 method (Principles, Themes and Processes). The Practitioner exam tests the candidates’ ability at application and analysis level.  Tips & Tricks to pass the PRINCE2 Practitioner exam Make sure to get the Foundational concepts of PRINCE2 right, before taking up the Practitioner exam.  Read through the PRINCE2 Manual at least once before the exam.  Practice two sample question papers given by the governing body. Validate the answers with the answer rationales. Please visit: to download the sample papersPractice the sample papers along with other learners (in groups) if possible.  Though PRINCE2 Manual can be used for the Practitioner exam, use it scarcely. This will save a lot of time during the exam.  Time each question to two minutes or less. This will provide some free time to revalidate the answers at the end.  During the exam, imagine yourself to be a part of the project scenario.  No assumptions to be made while answering any questions. Just stick to the project scenario.   Leave aside practical experiences during the exam. Stick to PRINCE2 ways of managing projects.  Read each question thoroughly (at least twice) before answering the questions.  Seek help and advice from your trainer/facilitator/coach to get the concepts correct during the training or before the examination.Sample Papers example found on Axelos:    An examinee will be provided with a Scenario booklet and Question booklet for this examination. A hypothetical project scenario will span about two pages. 68 questions revolve around the scenario and tests the ability of the exam taker on the PRINCE2 concepts of Principles, Themes, Processes and Tailoring. Question Composition:   First 8 questions are based on Principles.  Next 35 questions will be based on Themes. Five questions will be asked from each Theme.   Remaining 25 questions will revolve around Processes.   Tailoring questions are infused across the above mentioned three categories.  Question Format:   Broadly, two types of question formats appear in a Practitioner paper. First one is an MCQ based question and answer and the second one is Match the following.  MCQ format: Match the following format:Exam Approach  As a first step during the exam, it is recommended to spend 3 to 5 minutes to read the first page of the scenario booklet and get the gist. Make a summary of the scenario.   This summary can include scope of the project, project exclusions, time, cost, tolerances, stakeholder information, number of stages etc. This will increase the probability of choosing the right answers.   Additional information provided in the scenario can be read later when required to save time.  In the question booklet, the heading of the topic under which the question is asked will be clearly mentioned. This makes the examinee’s work super easy.   ‘Match the following’ questions will have three questions but six answers. One should carefully examine and choose the right answer.  In the ‘MCQ based’ questions, every question starts with a small scenario based on the main scenario. Reading and understanding this will improve the accuracy in answering.    Some questions will denote that the exam taker must read the additional information before answering the question. In such cases, refer to the additional information section of the scenario booklet before proceeding to answer.    Maintaining the PRINCE2 Certifications PRINCE2 Foundation certification has lifetime validity and doesn’t require renewal.  Practitioner certification has 3 years validity and has to be renewed at the end of 3 years. Here are some tips on maintaining the credential: Axelos maintains a “Successful Candidates Register” (SCR). Peoplecert updates the SCR from time on time. Within 30 to 60 days after receiving Practitioner certificate, a candidate will be notified through an email to avail one year of free subscription from Axelos.   Once free subscription is activated, you will be eligible to clock 20 Continuing Professional Development (CPD) units. This is very similar to PMI’s Professional Development Units (PDUs).   CPDs can be logged broadly under four categories such as Professional Experience, Training and Qualification, Community Participation and Self-Study. This can be attained by attending any trainings, delivering trainings, by taking part in volunteering activities, by learning new content from any portals like Coursera, LinkedIn learning, Udemy etc., taking part in project activities, attending any seminars/webinars or by accessing white papers, case studies or videos on the Axelos website.  Once 20 CPDs are logged, one can claim the digital badge. The digital badge is a way to display one’s professional credentials. The digital badge is valid only for one year.   To renew the digital badge, £50 + VAT needs to be paid to Axelos. This will reset the CPD counter to Zero. This enables the practitioner to log 20 CPDs and claim the digital badge. This cycle can continue.   Successful candidates can avail the free subscription and clock 20 CPDs. For example, if your practitioner certification expires by 10th March 2023, claim your digital badge on 9th March 2023. This will enable you to retain your certification through Mar 2024. After that you can pay the subscription charges and continue to maintain your credentials.  If you don’t want to get into the subscription model, you can resit for another exam after 3 years.  For more details about subscription, CPD & digital badge, please visit  
PRINCE2® Exam and Certification Guide
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PRINCE2® Exam and Certification Guide

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