Being a PMP® certified professional helps you in expanding your skills and values while at the same time open doors to various potential job opportunities. The PMP certification will help you land into lucrative roles in the fields of IT, finance, manufacturing, healthcare, and various other industries.
With the increase in popularity of the project management field, the demand for officially qualified project managers has also increased. For aspirants who wish to prepare for a PMP examination, PMP certification cost is a very critical aspect. What is the cost of PMP® Certification? Are there any different aspects of the PMP certification fees?
Read along to know about the PMP certification fees and the other aspects that might be associated with it.
PMP Certification Fees
The Project Management Institute (PMI®) offers two options for registering for the PMP® certification exam: one with PMI® membership and one without. To be eligible for the PMP® exam, you must complete at least 35 hours of project management education. Here’s a breakdown of the costs and fees:
PMP® Certification Training:
- Classroom Training: $500 to $2,000
- Online Training: $200 to $500
PMI Membership Fees:
- New Member Fee: $129
- One-Time Application Fee: $10
- Annual Renewal Fee: $129
PMP® Exam Fees:
Online Computer-Based Testing:
- PMI® Members: $405
- Non-Members: $555
Paper-Based Testing:
- PMI® Members: $400
- Non-Members: $250
Note: Paper-based testing is available only for candidates who live at least 300 km from the nearest Prometric center or have difficulty crossing their country's borders. Becoming a PMI® member can save you $11 on the PMP exam fee.
To prepare for the PMP® exam, the PMBOK Guide is essential:
- Hard Copy: $47.98
- Soft Copy: Free for PMI® members
For flexible learning, consider enrolling in our online PMP bootcamps, which offer comprehensive preparation for the certification exam.
| Type | Exam Fee | Annual Membership Fee | One-time Application Fee | Total |
|---|
| PMI® Members | $405 | $129 | $10 | $544 |
| Non-PMI® Members | $555 | - | - | $555 |
It can be seen from the above table that you can save $11 if you choose to become a PMI® member first and then apply for the PMP® certification examination.
You can refer to various resources in order to prepare yourself well for the PMP® examination. PMBOK Guide (Project Management Body of Knowledge), issued by the Project Management Institute, covers the majority of the topics on which the questions are based. Studying from the PMBOK Guide is an essential part of your preparation. The hard copy of a PMBOK guide is available at a cost of $47.98 USD, while it can be accessed for free as a soft copy by the PMI® members (becomes available on the PMI® website after becoming a member of the PMI®). If you're seeking to learn with flexibility and convenience, enroll in our PMP bootcamps online for comprehensive PMP exam preparation and certification.
What Is the PMP Renewal Fees?
It will always be best for you the clear the examination in the first attempt and prepare accordingly. In case it happens that you fail to do so, then PMI® charges a fee, which is the re-examination fee only for retakes. The pmp exam retake fee for computer-based testing is stated as below:
- PMI® Members: $275
- Non-PMI® Members: $375
The various cost aspects related to PMP® certification can be summarized in the following chart:
| Exam Type | Membership Status | Exam Cost |
|---|
Computer-based exam | PMI® Member | $405 |
Non-PMI® Member
| $555 |
| Paper-based exam | PMI® Member | $400 |
| Non-PMI® Member | $250 |
| Retaking exam through | PMI® Member | $275 |
| computer-based testing | Non-PMI® Member | $375 |
Is there a refund policy? What is the process?
Yes, there is a refund policy that can be asked for. To avail a refund, a request has to be made to the Project Management Insitute, PMI® at least 30 days prior to the date of exam eligibility expiration. An amount of $100 will be retained as a processing fee if the candidate has not taken the exam or not yet scheduled the exam. After this process, the application will be closed and the eligibility period will not be valid after the refund has been processed.
A candidate can ask for a refund if their application has been rejected or if they have not passed the audit.
Refund will not be provided by the PMI® in any of the following cases:
- The candidate’s eligibility period of one year has ended and he/she has not yet scheduled an examination. In that case, the whole fee amount will be charged. However, if the candidate wishes to obtain the certification, he/she will have to apply again and submit the fee once again.
- The candidate has scheduled the examination but has not taken it, nor has he/she provided PMI® with any necessary canceling or rescheduling notification. In such a case, the whole amount of fee will be forfeited.
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What is the application process for the PMP Exam?
After meeting all the eligibility requirements, fill the PMP application. PMI takes about 5 to 10 days to review your application once you have submitted your application. Once your application has been reviewed and processed, you will receive an e-mail from the PMI with a request for payment. You can choose your examination mode, computer-based or online-based, and complete the process of payment. Once PMI receives the payment that you have made, it sends your application for the process of audit.
What if my application goes for an audit?
For the process of audit, PMI randomly selects a few applications. You’ll be notified through an email if your application gets selected for the process of audit, asking you to submit the following documents for the process of audit:
- Copy of your 4-year degree certificates/secondary degree
- Copy of 35 contact hours certificate
- Signature copies from the manager or the supervisor for the project that you have recorded in the experience section of your application.
You get a total of 90 days to submit the above-mentioned documents. The audit process can take up to 7 days after PMI has received all the documents. After the audit process has successfully been completed, you’ll receive an email notification which will contain your PMI eligibility ID and examination scheduling instructions. You can schedule your examination within one year from this day.
What are the different aspects that can be included in the PMP certification cost?
Are there any different aspects other than training and exam fee for PMP® certification cost? This question can come across any candidate who is preparing for the PMP® certification examination. Read along to know about the various factors that are important other than the PMP certification fees and training, so that you can plan your financials accordingly.
Cost factor #1: 35 Hours of Project Management Training
As discussed, these 35 hours of training is required to meet the PMP® Eligibility requirement list. One can opt for classroom-training or online-based training, as per their ease. The classroom-training prices vary between $500 USD to $2,000 USD while that of online training varies between $200 USD to $500 USD.
Cost factor #2: Time for Preparation
The preparation time can be considered as PMP® certification cost. As busy professionals, you’ll have to spare time to take up this project management course. This is the major reason for online training being on high demand, as it is self-paced. The duration of the course and self-study depends on your dedication, background knowledge in project management and your professional experience.
Cost factor #3: Guides and study materials
One needs to be well prepared for the complex exam pattern of the PMP® certification exam. For this, you might have to take help from various reference books, which may be hardcopy or softcopy. It’ll help you gain knowledge and boost your courage for your PMP® examination.
Cost factor #4: Practice and Mock Tests
Solving sample questions and sample exam plays an important role in preparation in any exam. It will help you test your readiness and knowledge on the topic, giving you a better grasp on the subject. Moreover, you will get to discover the topics where you need to improve. Moreover, you can get a better grip on time management, which is another very important factor to keep in mind while giving a PMP® certification exam.
Cost factor #5: Renewal of Credentials
The PMP® certification that you will earn will be valid for three years. You’ll have to renew your credentials every three years before it becomes invalid, which will cost you $150 USD if you are not a PMI® member. But if you are a PMI® member, the renewal will cost you $60 USD.
The additional costs aligned with PMP® certification can be listed down as:
| Sl. No. | PMP® Certification Fees (Different Cost Aspects) | Costs |
|---|
| 1 | PMI Membership fee along with joining fee | $139 |
| 2 | PMI Membership renewal fee | $129 per year |
| 3 | PMBOK® handbook cost for members | Free |
| 4 | PMBOK® handbook cost for non-members | $50 on Amazon |
| 5 | Cost of study guides and resources | $40 to $100 |
| 6 | Cost of practice tests | $60 to $100 |
| 7 | PMP certification renewal cost for PMI members | $60 |
| 8 | Renewal cost of PMP® certification for non-members | $150 |
Summary: PMP® Certification Fees
The overall PMP certification fees depends on the choices that you over your training preparation and different other factors mentioned above. If you choose on taking an online PMP® certification, it will cost you approximately $750 USD, which includes the exam fee. If you wish to go for a classroom training for PMP® certification, it will cost you roughly around $1,700 USD, including the exam fee. Know more about professional Project Management course cost and their learning modes.
As discussed, it is equally important to take into consideration the cost of time that you will be spending in preparation and for the PMP® certification training. Choosing the online-based PMP® certification training will let you study and prepare according to your ease and pace, letting you make the most out of your time management. Moreover, the lower the PMP certification fees is an added advantage.
Choose well and start preparing well in advance keeping all the factors in your mind! All the best!
