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How much does a PMP® Certification cost?

 Are you planning to take the PMP® certification exam soon? If yes, you should take the next step by starting with the application process. But before that, you need to have a clear idea about the costs which are included in the process of getting PMP® certified.  PMP® is considered as one of the most valuable and high demand certifications in the project management category. Having a PMP® certification under your belt will introduce you to the world of greater opportunity and lucrative salaries. But PMP® is a tougher exam compared to other certifications and requires more preparation to pass the exam.There are multiple items to consider when you try to find out the cost involved in the PMP® certification process. The PMP® certification costs include the application and exam fees plus any other additional costs associated with preparing for the exam.It is not just about the PMP® Exam feeYou need to pay an amount of $555 as the exam fee to sit for your PMP® certification exam. But you can bring it down to $405 by becoming a PMI member. But this is not the only cost involved in the PMP® certification cost. The costs can further be explained in the following points:1. Become a PMI member:It is not necessary for you to become a PMI member to sit for your PMP® certification exam. But the benefits of getting a membership with PMI is more than the membership fee. The annual membership fee along with the first time registration fee is $139. You can save $150 on the exam fee itself by becoming a PMI member.Apart from the exam fee, you get a free copy of the latest edition of PMBOK® Guide and other standards or guides published by PMI which you need to be thorough with in order to pass the PMP® examination. Further, you can gain the required PMP® PDUs for free by watching the webinars and joining the annual online conferences which are exclusively available for the members.2. PMP® certification exam fee:Once you become a PMI member, you need to pay $405 as the PMP® certification exam fee to take the computer-based exam at your nearest Prometric exam center. But it is $555 for non-members.You can take up the PMP® certification exam three times in the one-year eligibility period. Again, if you are a PMI member, you just need to pay a PMP® re-examination fee of $275 whereas, the non-members need to pay $375.3. PMBOK® Guide:As a PMP® aspirant, you shouldn’t consider only the PMBOK® Guide to be the syllabus of PMP® exam. It is an official reference book for the PMP® exam. It is recommended for every aspirant to read the PMBOK® Guide more than once while you prepare for your PMP® exam. The content of the PMBOK® Guide can be found in the real PMP® exam. The current cost of PMBOK® Guide is $47.98.Got a PMI membership? Then you can download the free copy of the PMBOK® Guide from the PMI website.4. Earning 35 contact hours by attending the Project Management Training Course:You need to complete 35 hours of project management course work to sit for the PMP® exam. Taking up a Project Management Training Course can help you to earn these 35 contact hours. The cost of these courses ranges based on the training provider. You need to spend around $1,000 to meet this requirement.5. PMP® exam reference books:As you know that PMP® certification exam consists of a complex exam pattern and you need to be well prepared to clear it at one go. You can get access to reference books both in hard copy and online. These resources contain tons of project management knowledge which proves helpful while you prepare for your PMP® exam.6. Practice Exams and Mock Tests:Taking PMP® sample exams plays a pivotal role in your PMP® exam preparation. These mock tests and practice exams prove as a good resource to test your readiness for the exam. Further, these mock tests will help you understand the techniques of time management which is an important factor while writing your PMP® certification exam.7.Renewing your credentials:You can’t stop your quest once you get your PMP® certification. Your PMP® certification is only valid for three years and you need to renew your credentials before it gets invalid. So, you need to pay $150 to renew your credential every three years. However, you can bring down this cost to $60 by becoming a PMI member.Confused? The following chart will help you to get a clear understanding of the costs involved in your PMP® certification:Sl. No.PMP® Certification Cost (Different Cost Aspects)Costs1PMI Membership fee along with joining fee$1392PMI Membership renewal fee$129 per year3PMP® Certification Exam fee for PMI members$4054PMP® Certification Exam fee for non-members$5555Rescheduling fee for PMI members$2756Rescheduling fee for non-members$3757PMBOK® handbook cost for membersFree8PMBOK® handbook cost for non-members$50 on Amazon9Cost of study guides and resources$40 to $10010Cost of practice tests$60 to $10011Renewal cost of PMP® certification for PMI members$6012Renewal cost of PMP® certification for non-members$150Online PMP® trainingWon’t it be great if you get access to PMP® certification training from your preferred location? You can make it possible by opting for online PMP® certification training. The e-learning course provided by the R.E.P.s give you access to innumerable mock tests and exam revisions. Few of the features of such courses are as follows:35 PDUs on completion of 35 hours of e-learning15 audio-visual modules covering all course topics from PMBOK® Guide13 hours of online contentPMP® eBook in downloadable format and PMP® exam blueprintA question bank on all knowledge areasTips and tricks to pass PMP® in the first attempt.PMI Talent Triangle™ BundleYou need to continue your learning and development in order to maintain your PMP® certification. The PMI® has set a 60 PDU requirement which you are expected to meet in order to continue your PMP® journey. As a PMP® certification aspirant, won’t you be happy to get all the course which you need to fulfill your PDU requirements in a bundle? You need to earn 35 PDUs in the Education category and meet the following minimum requirements, as per the PMI Talent Triangle™  skill areas:Education PDUs - Minimum Talent Triangle RequirementsCertificationTechnical PDUs RequiredLeadership PDUs RequiredStrategic PDUs RequiredRemaining PDUs - across any area of PMI Talent TriangleTotal Minimum RequiredPMP8881135The activities and courses included in the three components of the PMI Talent Triangle™ are as follows:TechnicalLeadershipBusiness & Strategic ManagementLife Cycle ManagementCoaching & MentoringCustomer relationship & satisfactionTime, Scope, Risk ManagementProblem SolvingBenefits RealisationEstimationTeam BuildingLegal & Regulatory complianceAgile PracticesEmotional IntelligenceStrategic planning & analysisGovernanceConflict ManagementOperational FunctionsData gathering and modelingBrainstormingBusiness acumenEarned value managementInfluencingCompetitive analysisPerformance ManagementListeningMarket awarenessInterpersonal skillsBusiness models and structuresThe best way to earn 35 contact hours of PMP® trainingYou can get access to PMP® certification training in three different methods. They are classroom training, instructor-led training, and self-learning method. All the mentioned modes have their own pros and cons, but self-learning is considered as the cheapest of all the three courses.You can choose between self-learning mode or instructor-led mode to take your online training. There are numerous R.E.P.s in the market who provide such training and help you attain 35 contact hours to fulfill the PMI requirements.You should consider the following important factors while searching for the best online platform for your PMP® certification training:Is the training provider a registered training body?Will you be provided with 35 hours certificate?Is the training provided in English?What is the duration of the eLearning access?Salary of a PMP® certified professionalAfter knowing about all the costs which you need to bear in order to get PMP® certified, won’t you love to know about what lies ahead of it? Here are five jobs for project management professionals in the US with the highest paid salaries.1. Pharmaceutical project management professionalA Pharmaceutical Project Manager works with researchers, doctors, and engineers to ensure that the research and development stay on schedule and on budget. He or she is responsible for overseeing the development of new medication for the treatment of diseases and other health problems. The average annual salary of a Pharmaceutical Project Manager based in the US is $131,833.2. Resources project management professionalA Resources Project Manager works toward making the process of extracting and growing natural resources by working with farmers, mining, and oil companies and eliminating waste as well as improving communication. He or she looks into the procurement of natural resources for efficient delivery to end consumers. The average annual salary of the Resources Project Manager based in the US is around $129,368.3. Consulting project management professionalFrom environmental engineers to sales managers, a Consulting Project Manager works at all the levels of the industry and they work on a case-to-case basis. He or she works with the goal to furnish industry expertise and advanced knowledge to the client in order to lead their project to success. A Consulting Project Manager earns an annual average salary of $129,208 in the US.4. Aerospace project management professionalThe job description of an Aerospace Project Manager includes working with designers and engineers to ensure the delivery of the new aircraft on time and on budget. His or her focus areas include quality control and risk management. The average annual salary of the Aerospace Project Manager based in the US is $121,923.5. Engineering project management professionalAn Engineering Project Manager communicates with clients to ensure the quality of the end product as demanded by the client. The annual salary of the Engineering Project Manager based in the US is $121,769 per annum.To concludeAs you can see, the PMP® certification involves a lot of other costs other than the exam cost itself. There is a cost involved in all the processes which you need to go through in order to get PMP® certified. But these costs can vary from person to person and the country you are residing in. Further, adding a PMP® certification to your collar exposes you to better career opportunities and higher salaries.

How much does a PMP® Certification cost?

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How much does a PMP® Certification cost?

 Are you planning to take the PMP® certification exam soon? If yes, you should take the next step by starting with the application process. But before that, you need to have a clear idea about the costs which are included in the process of getting PMP® certified.  

PMP® is considered as one of the most valuable and high demand certifications in the project management category. Having a PMP® certification under your belt will introduce you to the world of greater opportunity and lucrative salaries. But PMP® is a tougher exam compared to other certifications and requires more preparation to pass the exam.

There are multiple items to consider when you try to find out the cost involved in the PMP® certification process. The PMP® certification costs include the application and exam fees plus any other additional costs associated with preparing for the exam.

It is not just about the PMP® Exam fee

PMP® Cost
You need to pay an amount of $555 as the exam fee to sit for your PMP® certification exam. But you can bring it down to $405 by becoming a PMI member. But this is not the only cost involved in the PMP® certification cost. The costs can further be explained in the following points:

1. Become a PMI member:

It is not necessary for you to become a PMI member to sit for your PMP® certification exam. But the benefits of getting a membership with PMI is more than the membership fee. The annual membership fee along with the first time registration fee is $139. You can save $150 on the exam fee itself by becoming a PMI member.

Apart from the exam fee, you get a free copy of the latest edition of PMBOK® Guide and other standards or guides published by PMI which you need to be thorough with in order to pass the PMP® examination. Further, you can gain the required PMP® PDUs for free by watching the webinars and joining the annual online conferences which are exclusively available for the members.

2. PMP® certification exam fee:

Once you become a PMI member, you need to pay $405 as the PMP® certification exam fee to take the computer-based exam at your nearest Prometric exam center. But it is $555 for non-members.

You can take up the PMP® certification exam three times in the one-year eligibility period. Again, if you are a PMI member, you just need to pay a PMP® re-examination fee of $275 whereas, the non-members need to pay $375.

3. PMBOK® Guide:

As a PMP® aspirant, you shouldn’t consider only the PMBOK® Guide to be the syllabus of PMP® exam. It is an official reference book for the PMP® exam. It is recommended for every aspirant to read the PMBOK® Guide more than once while you prepare for your PMP® exam. The content of the PMBOK® Guide can be found in the real PMP® exam. The current cost of PMBOK® Guide is $47.98.

Got a PMI membership? Then you can download the free copy of the PMBOK® Guide from the PMI website.

4. Earning 35 contact hours by attending the Project Management Training Course:

You need to complete 35 hours of project management course work to sit for the PMP® exam. Taking up a Project Management Training Course can help you to earn these 35 contact hours. The cost of these courses ranges based on the training provider. You need to spend around $1,000 to meet this requirement.

5. PMP® exam reference books:

As you know that PMP® certification exam consists of a complex exam pattern and you need to be well prepared to clear it at one go. You can get access to reference books both in hard copy and online. These resources contain tons of project management knowledge which proves helpful while you prepare for your PMP® exam.

6. Practice Exams and Mock Tests:

Taking PMP® sample exams plays a pivotal role in your PMP® exam preparation. These mock tests and practice exams prove as a good resource to test your readiness for the exam. Further, these mock tests will help you understand the techniques of time management which is an important factor while writing your PMP® certification exam.

7.Renewing your credentials:

You can’t stop your quest once you get your PMP® certification. Your PMP® certification is only valid for three years and you need to renew your credentials before it gets invalid. So, you need to pay $150 to renew your credential every three years. However, you can bring down this cost to $60 by becoming a PMI member.

Confused? The following chart will help you to get a clear understanding of the costs involved in your PMP® certification:

Sl. No.PMP® Certification Cost (Different Cost Aspects)Costs
1PMI Membership fee along with joining fee$139
2PMI Membership renewal fee$129 per year
3PMP® Certification Exam fee for PMI members$405
4PMP® Certification Exam fee for non-members$555
5Rescheduling fee for PMI members$275
6Rescheduling fee for non-members$375
7PMBOK® handbook cost for membersFree
8PMBOK® handbook cost for non-members$50 on Amazon
9Cost of study guides and resources$40 to $100
10Cost of practice tests$60 to $100
11Renewal cost of PMP® certification for PMI members$60
12Renewal cost of PMP® certification for non-members$150

Online PMP® training

Won’t it be great if you get access to PMP® certification training from your preferred location? You can make it possible by opting for online PMP® certification training. The e-learning course provided by the R.E.P.s give you access to innumerable mock tests and exam revisions. Few of the features of such courses are as follows:

  • 35 PDUs on completion of 35 hours of e-learning
  • 15 audio-visual modules covering all course topics from PMBOK® Guide
  • 13 hours of online content
  • PMP® eBook in downloadable format and PMP® exam blueprint
  • A question bank on all knowledge areas
  • Tips and tricks to pass PMP® in the first attempt.

PMI Talent Triangle™ Bundle

You need to continue your learning and development in order to maintain your PMP® certification. The PMI® has set a 60 PDU requirement which you are expected to meet in order to continue your PMP® journey. As a PMP® certification aspirant, won’t you be happy to get all the course which you need to fulfill your PDU requirements in a bundle? You need to earn 35 PDUs in the Education category and meet the following minimum requirements, as per the PMI Talent Triangle™  skill areas:

Education PDUs - Minimum Talent Triangle Requirements
Certification
Technical PDUs RequiredLeadership PDUs RequiredStrategic PDUs RequiredRemaining PDUs - across any area of PMI Talent TriangleTotal Minimum Required
PMP8881135

The activities and courses included in the three components of the PMI Talent Triangle™ are as follows:

TechnicalLeadershipBusiness & Strategic Management
Life Cycle ManagementCoaching & MentoringCustomer relationship & satisfaction
Time, Scope, Risk ManagementProblem SolvingBenefits Realisation
EstimationTeam BuildingLegal & Regulatory compliance
Agile PracticesEmotional IntelligenceStrategic planning & analysis
GovernanceConflict ManagementOperational Functions
Data gathering and modelingBrainstormingBusiness acumen
Earned value managementInfluencingCompetitive analysis
Performance ManagementListeningMarket awareness

Interpersonal skillsBusiness models and structures

The best way to earn 35 contact hours of PMP® training

You can get access to PMP® certification training in three different methods. They are classroom training, instructor-led training, and self-learning method. All the mentioned modes have their own pros and cons, but self-learning is considered as the cheapest of all the three courses.

You can choose between self-learning mode or instructor-led mode to take your online training. There are numerous R.E.P.s in the market who provide such training and help you attain 35 contact hours to fulfill the PMI requirements.

You should consider the following important factors while searching for the best online platform for your PMP® certification training:

  • Is the training provider a registered training body?
  • Will you be provided with 35 hours certificate?
  • Is the training provided in English?
  • What is the duration of the eLearning access?

Salary of a PMP® certified professional

Salary growth of PMP
After knowing about all the costs which you need to bear in order to get PMP® certified, won’t you love to know about what lies ahead of it? Here are five jobs for project management professionals in the US with the highest paid salaries.

1. Pharmaceutical project management professional

A Pharmaceutical Project Manager works with researchers, doctors, and engineers to ensure that the research and development stay on schedule and on budget. He or she is responsible for overseeing the development of new medication for the treatment of diseases and other health problems. The average annual salary of a Pharmaceutical Project Manager based in the US is $131,833.

2. Resources project management professional

A Resources Project Manager works toward making the process of extracting and growing natural resources by working with farmers, mining, and oil companies and eliminating waste as well as improving communication. He or she looks into the procurement of natural resources for efficient delivery to end consumers. The average annual salary of the Resources Project Manager based in the US is around $129,368.

3. Consulting project management professional

From environmental engineers to sales managers, a Consulting Project Manager works at all the levels of the industry and they work on a case-to-case basis. He or she works with the goal to furnish industry expertise and advanced knowledge to the client in order to lead their project to success. A Consulting Project Manager earns an annual average salary of $129,208 in the US.

4. Aerospace project management professional

The job description of an Aerospace Project Manager includes working with designers and engineers to ensure the delivery of the new aircraft on time and on budget. His or her focus areas include quality control and risk management. The average annual salary of the Aerospace Project Manager based in the US is $121,923.

5. Engineering project management professional

An Engineering Project Manager communicates with clients to ensure the quality of the end product as demanded by the client. The annual salary of the Engineering Project Manager based in the US is $121,769 per annum.

To conclude

As you can see, the PMP® certification involves a lot of other costs other than the exam cost itself. There is a cost involved in all the processes which you need to go through in order to get PMP® certified. But these costs can vary from person to person and the country you are residing in. Further, adding a PMP® certification to your collar exposes you to better career opportunities and higher salaries.

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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The 7 Principles of PRINCE2®

There is a wide range of project management methodologies available in the market, but PRINCE2® is one of the most widely used project management methods that has been used by the enterprises and businesses in more than 150 countries. One of the sheer benefits of the PRINCE2® method is that it can be applied to different projects, irrespective of their sizes and business verticals. It is noticeable that the PRINCE2® project management method can be used in IT as well as non-IT projects too. It is a comprehensive project management method that can be applied to any project irrespective of their geographical location, industry sector and project size.  The PRINCE2® courses cover basic four elements: themes, processes, principles and project management. There are some impeccable benefits of a PRINCE2® certification for candidates. There are two major types of certification available in the PRINCE2® project method: PRINCE2® Foundation Qualification PRINCE2® Practitioner Qualification The foundation program is a basic course that covers basic principles and themes for supporting individuals who work in a project environment supported by PRINCE2®. Candidates who belong to engineering and technology can go for this Foundation qualification course.  The PRINCE2® Practitioner qualification course is an advanced course that covers all the aspects of the PRINCE2® method including themes, processes, principles and project management. You will get a comprehensive introduction to the PRINCE2® project management method. There are some institutes that also train candidates for PRINCE2® management roles that are essential when the project is very big and complex. 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There is a wide range of project management method... Read More

Five Tips To Ace The PMP Certification Exam

A project manager plays a crucial role in a project. From planning the entire project from scratch to managing different teams involved, a project manager is always on his/her toes to ensure that the project is completed successfully. A formal certification in this domain could take you to greater heights in your career. You will be awarded the PMP certificate after you successfully pass the exam. In this article, we’re going to discuss 5 methods in which you can ace the certification exam. Tip #1: Time Management This is a very old principle that is applicable even today. Before beginning your study session, make a list of topics you want to complete at the end of your study session. You need to divide your time efficiently in order to cover all the topics for the examinations. At times, studying for 3 hours at a stretch can be very boring. Instead, divide the three hours into 6-thirty minute sessions. Take a 5-minute break after every session. This will relax your mind and help you study better in the next session. You will also be able to retain the information because you’re not stressing your brain with too much information all at once. Ensure that you devote more time to your preparations over the weekend. Tip #2: PMBOK and Study group The PMBOK (Project Management Body of Knowledge) is a vital book which contains all the guidelines that should be followed in project management. The content mentioned in the book is overseen by Project Management Institute (PMI). This book will help you clearly understand all the concepts required for the certification exam. Apart from this book, you can refer other books or study material from online sources. In order to cover more topics in a short span of time, join a study group. This motivates and also helps you gain more knowledge as the other candidates in the study group could have thorough knowledge about topics you have difficulty in. Learning from them could be faster than referring numerous books and study material. Tip #3: Take practice tests and review them To ensure that you’re completely prepared to write the exam, simulate the exam hall conditions and take practice tests. Request peers not to disturb you for that particular duration. Do not take any break in this period and keep away from distractions. This will give you a feel of how the exam will be like on the D-day. Once you’re done, review the answers you have written and cross check it. Also, practice the topics thoroughly which you didn’t get right in the practice tests. Tip #4: Take the actual exam in sequences When you first get the question paper in the examination, do not waste time by reading all the questions in the beginning. Start solving the easy questions immediately which you can complete in a short span of time. Once this is done, scan the paper once again and solve the questions which are of medium difficulty. After you complete such questions, spend time with the difficult ones. This will help you to solve maximum questions perfectly. In the conventional approach of reading the entire question paper a few times and then attempting the easy ones, you end up losing a significant amount of time in reading the question. In the conventional approach, if you encounter a difficult question which you cannot solve, you will get tensed and won’t be able to concentrate on other questions either. Tip #5: Understand the concepts accurately At times, when we find it difficult to understand the topic, we end up memorizing the topic instead of trying harder to understand it. This approach might work temporarily but, in the long run, you will fail miserably. Especially in the exam hall where tensions will be running high, there is a good chance that you will forget what you memorized. To avoid such situations, spend that extra 15 minutes while studying and understand the topic. This has two perks. Firstly, you don’t need to remember anything and secondly, you can easily apply the concept to any problem given in the paper. A formal certification in any field could boost your career because the certification is proof that you are efficient in solving problems in that particular domain. The PMP certification is a reputed certification that is recognized by organizations around the globe. Hence, this certification will give take you to greater heights in your career.
Five Tips To Ace The PMP Certification Exam

A project manager plays a crucial role in a projec... Read More

Four Tips To Prepare For PRINCE2 Certification Exam

PRINCE stands for PRojects IN Controlled Environments. In simpler terms, it is one of the leading project management methods in the market at present. The government of United Kingdom first used this methodology in their processes. It was later adopted by the private sector. It follows the product-based planning approach. A certification in this methodology could help you upgrade your knowledge about the domain and to seek better job opportunities. A few tips to ace the certification exam are: Tip #1: Last-minute prep Students have a habit of studying a few topics right before entering the exam hall or once they reach the exam hall. They believe that they will able to remember it clearly once they study the topic at the last minute. This is a myth and do not follow it at any cost. Last minute prep only ruins your confidence as you feel you haven’t prepared enough. It will be very difficult to recollect the topic that you had studied in the last minute. This will get you worked up and leave you confused. The end result will be that you won’t be able to perform properly in the rest of the questions as well. To avoid all these troubles, study well in advance and only revise once if you like after reaching the venue. Tip #2: Enroll for an offline/online training course The PRINCE2 Foundation certification is easier compared to the Practitioner certification. One of the best ways to prepare for the practitioner certification is to join a training institute or an online training program. The benefits of doing this are plenty. You will gain access to a tonne of study material. There will be trainers in the online as well as offline course who have taken the exam and could give you crucial tips which they have gained from their experience over the years. You might be reluctant to spend the extra money and time initially but, in the end, it will all be worth it. The institutes will also give mock tests in which you can apply the knowledge and tips you have gained in the classes. Tip #3: Practice makes a man perfect You could join an institute, you could buy a tonne of study material, and you could search for many tips and tricks. In the end, if you don’t practice these on a regular basis, it is futile. In order to ace the exam with flying colours, you need to practice the topics on a daily basis. Make sure you prepare a schedule and stick to it. A week before the exam, take a break from everything else and focus only on the exam. It is 2.5 hours that can completely change your future. The practice tests are also crucial as they give you a feel of the difficulty of questions in the actual paper. Hence, spending the extra few hours on preparation will all be worth it in the end. Tip #4: Ensure you clearly understand the different aspects During the exam prep, ensure that you know the different roles and responsibilities and also all the responsibilities of a particular role in the project management team. Understanding the sequence of all processes is also crucial. This includes figuring out who is responsible for a particular activity in a project. There are many themes included in the PRINCE2 manual. For the Foundation Exam, you need to be thorough with all the purpose statements mentioned at the beginning of each process/theme. The process by which a principle is used in a specific method should also be known to you. Another essential aspect of the Practitioner exam is product planning. You need to have a thorough idea on the diagrams and product descriptions under product planning. Though you don’t need to draw diagrams in a multiple-choice question, it will be easier to solve the problems if you can efficiently draw the diagrams. A formal certification is always necessary from a career point of view as it helps you to gain better job opportunities and improve your pay grade. It is also an indication that you have thoroughly grasped all the concepts of project management. Being proficient in a particular project management methodology is a vital addition to your skill set.
Four Tips To Prepare For PRINCE2 Certification Exa...

PRINCE stands for PRojects IN Controlled Environme... Read More

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