PMP is one of the important certifications required by project management. PMP or Project Management Professional is a professional certification that is well-recognized around the globe. Project Management Institute (PMI), which is a US-based non-profit professional organization, offers the certification. If you want to step into a project management career, becoming a PMP holder can be beneficial.
As per recent surveys, the PMP holders are capable of handling the majority of high-performing projects. Companies that have a greater number of PMP certification holders achieve maximum success in different projects. Moreover, PMP is one of the highest-paying certifications around the globe.
By now, you must have gained an idea of how important the PMP certification is for project managers. Next, you would be thinking of taking up a project management professional PMP course to succeed in the domain. Well, before that, you need to know all the important aspects of the certification.
In this guide, you will explore more about the PMP certification in greater detail.
PMP Holders by Country
As per PMI, there are over 1,000,000 holders of PMP across 214 territories globally. If you want to know the PMP holders by country, take a look at the table below.
Population (in million)
The United States
United Arab Emirates
Reasons to Become a PMP Holder
Are you wondering why you should become a PMP holder? Well, there are plenty of reasons to become PMP certificate holders. Here are some of the reasons why the number of PMP holders worldwide is increasing. Let’s take a look!
1. Equips you with the Vital Skills
One of the main reasons to become a PMP holder is that it can provide you with the vital skills essential to succeed in project management. The current job market is becoming increasingly competitive. So, if you want to stand out, having the essential skills is important. Completing the PMP certification will enable you to become well-versed with the latest trends and practices in project management. You will be able to learn about the widely used project management tools, methods, and techniques. Moreover, you will also get an opportunity to enhance your soft skills and put your theoretical knowledge into practical application. All of these can help you succeed in your project management career.
2. Increases your Resume Value
With so many resumes on the human resource manager’s table, many often go unnoticed. Project management is one of the highly in-demand jobs. So, lots of candidates apply for the position. In such a situation, making your resume different is the need of the hour. So, if you want to make your resume noticeable, becoming a PMP holder can help. PMP certification can add value to your resume and increase your chance of being among the shortlisted candidates. Moreover, in recent times, many organizations are in search of PMP certification holders. So, having the certification will enable you to get an edge over the other candidates and increase your employability chances.
3. Increases your Earning Potential
With a PMP certification, not only will you be able to find employment but also enhance your earning potential. Certified PMP professionals can get a chance to draw high salaries. As per the survey conducted by PMI, the average salary of a PMP certified project manager is about USD 1,08,000. It is nearly 20% more than the salary of non-certified project managers. Moreover, the salary packages of the PMP holders are likely to increase even more in the near future. So, if you want to increase your earning potential, becoming a PMP holder can be the ideal option.
4. Offers Industry Recognition
Irrespective of the industry you want to work in, PMP certification can prove to be valuable. It is a certification that is well-recognized around the globe by all industries. No matter what your professional background is, the certification can provide you with recognition in the industry. Moreover, even if you are starting your project management career, the PMP certification will enable you to make up for the lack of experience. It can validate your dedication to the project management job and help you find employment easily.
5. Provides Opportunities to Network
At present, there are about 773,840 active PMP holders around the globe. When you become a PMP certification holder, you also become a part of the club. There are a number of meetings arranged by PMI. So, you can get an opportunity to find PMP credential holders from around the world and network with them. This can enable you to gain valuable insights into the domain that can be helpful for your career. You will be able to build strong professional networks and get more information relating to new job opportunities in the field.
Now that you know the many reasons to become a PMP holder, it is time to enrol in the project management courses and get certified. Make sure to choose a reputed institute or platform in order to pursue the course.
How to Become a PMP Holder?
After knowing the reasons to acquire the PMP certification, you would be wondering how to become a PMP holder. There are a number of steps involved in becoming a PMP certification holder. Here is a quick look at the important steps you need to follow.
1. Know the Prerequisites
Before taking up the course, it is vital to know the prerequisites. One of the important pre-requirements is that you need to have a secondary degree or a 4-year degree. Next, you need to have directed projects for 7,500 hours or at least 4,500 hours. Finally, you need to have 35 hours of education in project management.
2. Sign up for the Exam
The next step is to sign up for the PMP certification exam. Make sure that you are well-versed with all the requirements before signing up.
3. Prepare for the Exam
Once you have signed up, the next step is to prepare for the PMP exam. Passing the exam isn’t easy. So, you will have to prepare a lot. Passing the exam demands a lot of hard work and dedication. Make sure to gain access to as many resources as possible. Also, practice the previous year's papers in order to get a stronghold on the different topics.
4. Take the Exam
The final step is to take the PMP exam. You can take the exam either in-person or online. The time duration of the exam is 3 hours and 50 minutes. Within that time, you will have to answer 180 questions. The type of questions that you will come across in the exam is multiple choice, fill in the blanks, and matching. Passing the exam will enable you to get the certification and increase your chances of succeeding in your career.
Now that you know about the PMP exams, having knowledge about the PMI principles is also important. Here are the important principles of PMI that you must know.
- The project scope consists of all the works.
- A project must have a CHARTER.
- Lessons learned need to be collected throughout the entire project.
- The team is responsible for the estimation of the activities.
- In case of premature termination of a project, establishing the extent of completion is important.
- Quality is built-in and not an afterthought.
- The foundation of the planning activities is the work breakdown structure.
- Identification of risk is to be done throughout the project.
- For planning, historical information is to be used.
- To avoid changes, identifying the stakeholders is vital.
- Instead of corrective actions, it is better to opt for preventive actions.
- Schedule, scope, and cost need to be the baseline for comparison.
- The project management plan reflects the manner in which the project will be carried out.
- Preserving integrity is important for project managers.
The PMP certification is gaining popularity in recent times. For aspiring project managers, becoming a PMP certification holder is a must. PMP certification will not only provide you with the essential knowledge and skills but also increase your employability. It will enable you to increase your earning potential and succeed in the domain. Now that you know everything about the certification, enrolling in the course is all you need to do. If you are in search of a PMP course, knowledgehut’s project management professional PMP course can be the best option for you.
Frequently Asked Questions (FAQs)
1. How many PMP holders are there worldwide?
There are nearly 700,000 active PMP holders in the world, as per recent surveys.
2. Who is eligible to be a PMP holder?
Individuals who have a secondary degree or a 4-year degree, 35 hours of education in project management, and possess 7,500 hours or at least 4,500 hours of experience in directing projects are eligible to be a PMP holder.
3. What is PMP?
PMP stands for Project Management Professional. It is a professional certification that is essential for individuals aspiring to make a career in the project management domain.
4. How can I check if I am PMP certified?
You will be notified via mail after the exam. Through the PMI registry, you can also check your PMP status.