It does not matter which industry you work for, there is an increasing demand for individuals who can deliver more with scarce resources, strict deadlines and tighter budgets. This demand can only be achieved through effective and efficient Project management. A research conducted by Project Management Institute suggests that there will be a demand of 88 million people in project management oriented jobs by 2027.
The Project Management Professional (PMP) exam that is managed by the Project Management Institute (PMI), is one of the most recognized and valued certification in the field of project management worldwide. This program has the reputation for being the first professional certification program in the world to get ISO 9001 recognition.
So, you might have already got a good idea of the value of a PMP certification. Nonetheless, some of the reasons that you should consider getting this certification are:
Globally recognized Certification
With a PMP certificate, you achieve the right credentials to showcase your knowledge, competency as well as experience related to project management at a global stage. Globally, the demand for a PMP certified professional is much higher in comparison to any other project management certification.
Increased Knowledge and Skills
PMP certification provides you with a set of tools and knowledge that enhances your ability to manage projects both effectively and efficiently, thereby directly impacting productivity of the company.
A PMP certified professional earns around 20% more than their non-credentialed counterparts with similar qualifications. Also, a median salary of a PMP certified project management professional is around $105,000 a year.
Global Networking Opportunities
A PMP certification provides you with a plethora of opportunities to connect and network with people having interest in project management. There are several closed communities on LinkedIn for only PMP certified professionals that not only allow you to learn from peers, but also open up career avenues and provide job opportunities that would not have been possible before.
PMP Exam: Curriculum
The syllabus of PMP exam is divided into the ‘so-called’ performance domains and Knowledge areas
Performance Domains are:
- Monitoring and controlling
Similarly the 10 knowledge areas as per PMBOK are:
- Project Integration Management
- Project Scope Management
- Project Cost Management
- Project Quality Management
- Project Human Resource Management
- Project Communications Management
- Project Risk Management
- Project Procurement Management
- Project Stakeholder Management
The certification exam contains 200 multiple choice questions that are to be completed within 4 hours.
How to Prepare for PMP?
Although PMP is a globally recognized certification known for its high reputation, it is also notorious for its difficulty level and low pass-rate of around 40-50%. It is tough to crack PMP not only because it has a vast curriculum but also because of the very nature of examination that not only tests your knowledge but also your ability to use that knowledge in various practically challenging scenarios.
Some of the tips that you can consider adopting while preparing & how to utilize 4 hours of PMP examination are as follows:
- Consider PMBOK as Bible and one-stop guide for all your PMP preparation. It not only provides you with details related to PMP exam but also guides on the roles and responsibilities of a project management professional.
- Don’t leave out any Knowledge area. Formulae, diagrams should be learned from all the 10 knowledge areas.
- Take Training. There are several organizations that provide classroom and e-learning trainings for PMP. This would help you understand the concepts provided in PMBOK (which can be complex sometimes) in greater detail and will also allow you to learn from the experience of your trainer and peers. One such highly reputed training provider is KnowledgeHut that offers PMP training with a blend of both classroom and online training sessions.
- Attempt at least 5 mock tests to test your PMP exam preparation. This will provide you with a reality check and will also help you identify weak areas that you can further focus on.
- Time management is of utmost importance in every exam and PMP is no exception. Track the time you are spending on each question and if you think you are spending too much on a particular question, leave it for the time being and come back again after some time.
- Lastly, there are many insightful articles on Knowledgehut that provide a lot of relevant and valuable information on Project Management which you can take advantage of.
Hope this information helped in your journey to become a successful Project Management Professional. Here’s the guide for preparing PMP certification Exam
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