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What is PMP® ?

PMP®  or Project Management Professional is a project manager certification, offered by the Project Management Institute (PMI®).  Project Management Professional is the gold standard of project management and is the most desired as well as recognized professional certificate for Project Management.A Project Management Professional is an experienced project manager who is certified and trained to direct teams toward a project goal. Being PMP® certified is recommended as it helps project managers in their career growth by making them eligible to apply for the best roles in the top companies globally. They stay abreast with the new technologies, network with other certified colleagues of their same field, and stumble upon the best projects prospects.PMPs lead projects in almost every country, without focusing on a particular geography or domain, making PMP® truly global.An overview of PMP® certificationPMP® certified professionals demonstrate that a project manager possesses the knowledge, skill set, and experience to manage their projects and bring them to successful completion. They compile work from associative teams to form a final product that fits according to the client’s demands.By being PMP® certified, managers validate their knowledge, experience, and training, along with their ability to initiate, plan, execute, monitor, and control all the other factors involved in a corporate project.A PMP® certification helps a professional in the following ways:Grow in the role of project managerGives them a hike in their salary Stand apart from the other project managersHandle projects globallyGet value from your organization.What is the role of PMI? What does it do?Project Management Institute (PMI®), is a professional organisation for project management. It serves more than 2.9 million professionals, with 500,000 members in over 208 countries and territories around the world.It provides services in the development of standards, research, education, publication, hosting conferences and training sessions, networking opportunities in local chapters and providing accreditation in project management.It is recommended to be PMP-certified as it helps you to stay leveled up with the new developments, communicate in a better way with the employers and build a network with certified colleagues.PMP® HandbookThe Project Management Institute (PMI) has published a Project Management Professional (PMP®) Credential handbook. It holds and explains everything that one needs to know about the process of taking the PMP® examination and to become PMP® certified.It discusses the PMP® Eligibility, PMP® Exam Information, PMP® Exam Day and what one should do after the PMP® exam.Who all can apply for PMP® Certification?If you love to manage projects, make sure that everything and everyone is working with the best of their ability, and wish to be continued to be challenged in your career, then you are a desired candidate for PMP® Certification.Candidates wishing to be PMP®certified must meet certain educational and professional experience requirements in order to be eligible for PMP® certification. The following states the eligibility requirements:A four-year degree along with the following requirements:Minimum 36 months (3 years) of Professional Project Management experience4,500 hours of work in directing or leading projects.Minimum of 35 hours of Project Management education.A high school diploma along with the following requirements:Minimum 60 months (5 years) of Professional Project Management experience7,500 hours of work experience in project management.Minimum of 35 hours of Project Management education.All project management working experience should be augmented within the last eight years consecutively before you submit your application.How do I become PMP® certified? What is the examination process?Once the candidate has gained eligibility, he/she can now take the PMP®  certification examination within one year of the eligibility period. Candidates can opt for a computer-based test at nearby Prometric testing centre. The paper-based option is also available for locations with no Prometric testing centres.The candidate must answer 200 multiple-choice questions. 25 questions out of these 200 questions are pre-released ones, hence they are not included in the exam scoring. The final score of the examination is calculated based on the rest of the 175 questions. The candidates are allotted four hours to complete the centre-based examination.The following video will give you a clear picture of the process of becoming a PMP® certified professional.What are PDUs? After being PMP® certified, you need to renew your credentials every three years from the day of becoming a PMP®. PMP® Renewal can be attained by earning 60 PDUs (Professional Development Unit)  in a three-year period of time. This comes under the Continuing Certification Requirements (CCR) program, with the aim to maintain active certification status. The three year period is often referred to as a CCR Cycle. PDU RenewalThere are multiple options by which you can earn PDUs. You can choose to attend courses, seminars, webinars, or volunteer for the same. The main motive of PMP® renewal is to keep you updated with the current profession and also make a contribution back to the profession. The added advantage is the fact that you need not write the exam all over again! How is PDU Renewal beneficiary?In order to keep the PMP® practitioners updated with the changes in tools and techniques, PDUs renewal was introduced by PMI®. It reflects the knowledge, skills and tasks that project management professionals perform on a daily basis. This is done so that one doesn’t stay stuck to the tools and techniques that were introduced 30 years ago when the PMP® exam first came into existence. What is the cost of PMP®Certification?The overall cost of PMP® certification depends on different factors like PMP exam certification fee, the exam preparation courses and study guides. A set of possible expenses that you may be exposed to for acquiring a PMP® certification are mentioned below:FEE TYPECOSTPMI Annual Membership$139PMP Exam Testing FeeNon-PMI Members$555PMI Members$405PMI® offers the Project Management Professional Certification Examination for PMI® members as well as non-PMI members. The cost of examination for a PMI member is $405 (USD), while that for a non-PMI member is $555 (USD).The PMI® membership fee costs around  $129(USD) for new members, with an additional $10(USD) as a one-time application fee. This membership is valid for one year and needs to be renewed annually with a fee of $129(USD).To prepare yourself well for the PMP® examination, you can refer to many resources. PMBOK Guide (Project Management Body of Knowledge) which is issued by PMI®, covers most of the topics on which the questions are based on. Hence, it is an essential part of your preparation. The hard copy of the same is available for $70 and for PMI® members, it can be accessed for free as a soft copy (available on the PMI® website after becoming a member of PMI).Can I request for a refund for my PMP Certification? If yes, then how?To avail a refund for the PMP® certification, the candidate must make a request to the PMI® at least 30 days prior to the exam eligibility expiration date., though it will retain a processing fee of $100 (USD) if the candidate has not yet scheduled or taken the exam. The application will be closed and the eligibility period will no longer be valid after the refund has been processed.Also, a candidate can request for a refund if their application gets rejected or they fail an audit. PMI® will not provide the candidate with a refund in any of the following cases:If the candidates’ one year eligibility period has expired and he/she has not scheduled an examination, the whole fee amount will be forfeited. If the candidate still wishes to obtain the certification, he/she will have to reapply and submit the affiliated fee again. If the candidate has scheduled an examination but failed to take it, nor provided PMI® with the necessary cancellation or rescheduling notification, the whole fee will be forfeited. Benefits of PMP certification:Project Management is a challenging career, and as a PMP® certified practitioner, you will be able to face and overcome new challenges. There are various benefits that a PMP® certified professional comes across. To name a few:  Being PMP® certified will give your career an extra boost by making you eligible for the best roles in the top companies globally.Those with a PMP® certification garner a higher salary (20% higher on average) than those without a PMP® certification.The rigorous training and coursework of PMP® will help you to increase your versatility and expand your skill set.Being PMP® certified add credibility to your resume, making you stand out than the rest of the candidates.There is a global community for PMP certification holders where you can reach out to other project managers of the same field across the globe, helping you to expand your market and scope while at the same time, keep yourself up to date with the technology.PMP® certified project managers get hold of better job opportunities as they have knowledge, experience, and training for the same. They showcase better performance as compared to the non-certified managers.The standards for PMP® exams are higher than the other project management exams. With your skills and knowledge, you can work in a much more efficient manner.Being PMP® Certified can help you get challenging roles as the certification signifies your dedication to project management. Also, you will be trained to face such challenges in your day to day life.Career growth and opportunities with PMP:According to a survey conducted by PMI®, professionals with PMP® certification get a 20% hike in their salary as compared to a project manager who is not certified. The demand-supply equation for PMP® certified professionals is still tilted more towards the demand side. Hence, being credentialed acts as a major advantage. For the States, it is anticipated that the demand for project management professionals will upsurge to an estimate of 700,000 jobs by 2020. Project Management Professionals are found to be leading major projects in nearly every top organisation around the globe. PMP® professionals need not focus on a particular industry, domain or geography, making PMP® global on a true basis. A PMP® professional can work for any industry, in any location. They are known for their practices and coordination of projects in multiple and diverse industries, including government, IT sector, construction, energy/utilities, retail, digital media, healthcare, finance, etc.Learn more about the scope and growth as a PMP® certified professional by sharing your views and queries with the professionals in the field.
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What is PMP® ?

5916
What is PMP® ?

PMP®  or Project Management Professional is a project manager certification, offered by the Project Management Institute (PMI®).  Project Management Professional is the gold standard of project management and is the most desired as well as recognized professional certificate for Project Management.

A Project Management Professional is an experienced project manager who is certified and trained to direct teams toward a project goal. Being PMP® certified is recommended as it helps project managers in their career growth by making them eligible to apply for the best roles in the top companies globally. They stay abreast with the new technologies, network with other certified colleagues of their same field, and stumble upon the best projects prospects.

PMPs lead projects in almost every country, without focusing on a particular geography or domain, making PMP® truly global.

An overview of PMP® certification

PMP® certified professionals demonstrate that a project manager possesses the knowledge, skill set, and experience to manage their projects and bring them to successful completion. They compile work from associative teams to form a final product that fits according to the client’s demands.

By being PMP® certified, managers validate their knowledge, experience, and training, along with their ability to initiate, plan, execute, monitor, and control all the other factors involved in a corporate project.

A PMP® certification helps a professional in the following ways:

  • Grow in the role of project manager
  • Gives them a hike in their salary 
  • Stand apart from the other project managers
  • Handle projects globally
  • Get value from your organization.

What is PMP Certification

What is the role of PMI? What does it do?

Project Management Institute (PMI®), is a professional organisation for project management. It serves more than 2.9 million professionals, with 500,000 members in over 208 countries and territories around the world.

It provides services in the development of standards, research, education, publication, hosting conferences and training sessions, networking opportunities in local chapters and providing accreditation in project management.

It is recommended to be PMP-certified as it helps you to stay leveled up with the new developments, communicate in a better way with the employers and build a network with certified colleagues.

PMP® Handbook

The Project Management Institute (PMI) has published a Project Management Professional (PMP®) Credential handbook. It holds and explains everything that one needs to know about the process of taking the PMP® examination and to become PMP® certified.

It discusses the PMP® Eligibility, PMP® Exam Information, PMP® Exam Day and what one should do after the PMP® exam.

Who all can apply for PMP® Certification?

If you love to manage projects, make sure that everything and everyone is working with the best of their ability, and wish to be continued to be challenged in your career, then you are a desired candidate for PMP® Certification.

Candidates wishing to be PMP®certified must meet certain educational and professional experience requirements in order to be eligible for PMP® certification. The following states the eligibility requirements:

A four-year degree along with the following requirements:

  • Minimum 36 months (3 years) of Professional Project Management experience
  • 4,500 hours of work in directing or leading projects.
  • Minimum of 35 hours of Project Management education.

A high school diploma along with the following requirements:

  • Minimum 60 months (5 years) of Professional Project Management experience
  • 7,500 hours of work experience in project management.
  • Minimum of 35 hours of Project Management education.

All project management working experience should be augmented within the last eight years consecutively before you submit your application.

How do I become PMP® certified? What is the examination process?

Once the candidate has gained eligibility, he/she can now take the PMP®  certification examination within one year of the eligibility period. Candidates can opt for a computer-based test at nearby Prometric testing centre. The paper-based option is also available for locations with no Prometric testing centres.

The candidate must answer 200 multiple-choice questions. 25 questions out of these 200 questions are pre-released ones, hence they are not included in the exam scoring. The final score of the examination is calculated based on the rest of the 175 questions. The candidates are allotted four hours to complete the centre-based examination.

The following video will give you a clear picture of the process of becoming a PMP® certified professional.

What are PDUs? 

After being PMP® certified, you need to renew your credentials every three years from the day of becoming a PMP®. PMP® Renewal can be attained by earning 60 PDUs (Professional Development Unit)  in a three-year period of time. This comes under the Continuing Certification Requirements (CCR) program, with the aim to maintain active certification status. The three year period is often referred to as a CCR Cycle. 

PDU Renewal

There are multiple options by which you can earn PDUs. You can choose to attend courses, seminars, webinars, or volunteer for the same. 

The main motive of PMP® renewal is to keep you updated with the current profession and also make a contribution back to the profession. The added advantage is the fact that you need not write the exam all over again! 

How is PDU Renewal beneficiary?

In order to keep the PMP® practitioners updated with the changes in tools and techniques, PDUs renewal was introduced by PMI®. It reflects the knowledge, skills and tasks that project management professionals perform on a daily basis. This is done so that one doesn’t stay stuck to the tools and techniques that were introduced 30 years ago when the PMP® exam first came into existence. 

What is the cost of PMP®Certification?

The overall cost of PMP® certification depends on different factors like PMP exam certification fee, the exam preparation courses and study guides. A set of possible expenses that you may be exposed to for acquiring a PMP® certification are mentioned below:

FEE TYPE
COST
PMI Annual Membership
$139
PMP Exam Testing FeeNon-PMI Members$555
PMI Members$405

PMI® offers the Project Management Professional Certification Examination for PMI® members as well as non-PMI members. The cost of examination for a PMI member is $405 (USD), while that for a non-PMI member is $555 (USD).

The PMI® membership fee costs around  $129(USD) for new members, with an additional $10(USD) as a one-time application fee. This membership is valid for one year and needs to be renewed annually with a fee of $129(USD).

To prepare yourself well for the PMP® examination, you can refer to many resources. PMBOK Guide (Project Management Body of Knowledge) which is issued by PMI®, covers most of the topics on which the questions are based on. Hence, it is an essential part of your preparation. The hard copy of the same is available for $70 and for PMI® members, it can be accessed for free as a soft copy (available on the PMI® website after becoming a member of PMI).

Can I request for a refund for my PMP Certification? If yes, then how?

To avail a refund for the PMP® certification, the candidate must make a request to the PMI® at least 30 days prior to the exam eligibility expiration date., though it will retain a processing fee of $100 (USD) if the candidate has not yet scheduled or taken the exam. The application will be closed and the eligibility period will no longer be valid after the refund has been processed.

Also, a candidate can request for a refund if their application gets rejected or they fail an audit. 

PMI® will not provide the candidate with a refund in any of the following cases:

  • If the candidates’ one year eligibility period has expired and he/she has not scheduled an examination, the whole fee amount will be forfeited. If the candidate still wishes to obtain the certification, he/she will have to reapply and submit the affiliated fee again. 
  • If the candidate has scheduled an examination but failed to take it, nor provided PMI® with the necessary cancellation or rescheduling notification, the whole fee will be forfeited. 

Benefits of PMP certification:

Project Management is a challenging career, and as a PMP® certified practitioner, you will be able to face and overcome new challenges. There are various benefits that a PMP® certified professional comes across. To name a few:  

  • Being PMP® certified will give your career an extra boost by making you eligible for the best roles in the top companies globally.
  • Those with a PMP® certification garner a higher salary (20% higher on average) than those without a PMP® certification.
  • The rigorous training and coursework of PMP® will help you to increase your versatility and expand your skill set.
  • Being PMP® certified add credibility to your resume, making you stand out than the rest of the candidates.
  • There is a global community for PMP certification holders where you can reach out to other project managers of the same field across the globe, helping you to expand your market and scope while at the same time, keep yourself up to date with the technology.
  • PMP® certified project managers get hold of better job opportunities as they have knowledge, experience, and training for the same. They showcase better performance as compared to the non-certified managers.
  • The standards for PMP® exams are higher than the other project management exams. With your skills and knowledge, you can work in a much more efficient manner.
  • Being PMP® Certified can help you get challenging roles as the certification signifies your dedication to project management. Also, you will be trained to face such challenges in your day to day life.

Career growth and opportunities with PMP:

According to a survey conducted by PMI®, professionals with PMP® certification get a 20% hike in their salary as compared to a project manager who is not certified. The demand-supply equation for PMP® certified professionals is still tilted more towards the demand side. Hence, being credentialed acts as a major advantage. For the States, it is anticipated that the demand for project management professionals will upsurge to an estimate of 700,000 jobs by 2020. 

Project Management Professionals are found to be leading major projects in nearly every top organisation around the globe. PMP® professionals need not focus on a particular industry, domain or geography, making PMP® global on a true basis. A PMP® professional can work for any industry, in any location. They are known for their practices and coordination of projects in multiple and diverse industries, including government, IT sector, construction, energy/utilities, retail, digital media, healthcare, finance, etc.

Learn more about the scope and growth as a PMP® certified professional by sharing your views and queries with the professionals in the field.

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KnowledgeHut is a fast growing Management Consulting and Training firm that is a source of Intelligent Information support for businesses and professionals across the globe.


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Its simple, yet effective themes, processes, and terminologies have brought a new perspective in the world of project management.Till date, the UK has more PRINCE2® certificate holders than any other country across the globe. But now, there are more certificate holders across the rest of the world.According to the Axelos 2016 report:88% of PRINCE2® certificate holders said it had been valuable to their career85% of practitioners stated that PRINCE2® certification has been useful current roleOver 80% of professionals surveyed see the value of working in an agile way.Meanwhile, along with the massive global presence and momentum of PRINCE2®, there are already many established countries that adopted PRINCE2® .Here are the most traditionally popular PRINCE2® regions:UKThe NetherlandsAustraliaEastern and Western Europe – Poland, Denmark, GermanyIt has been some years now, and PRINCE2® has really strengthened its grip in the economic market of superpowers like India and China. In the year, 2012, PRINCE2® examinations in India increased by 168%. A year later, the increase in the rate of examination in China overtook India. These figures look perfect for the project managers. China and India both are ambitious nations and it makes complete sense about why they have adopted PRINCE2® methodology for their projects.More current figures from AXELOS, represent the regions going through the biggest increase in PRINCE2® examinations with every passing year:Why do I need to implement PRINCE2® in my organisation?Well, as stated earlier, PRINCE2® is a high standard method for project management. But what makes it stand out from the other methodologies?Simply because it is adaptable and flexible. Let us elaborate on this.The reason why PRINCE2® is adaptable and flexible is that it represents years of best practice in project management. It focuses on a diverse variety of disciplines and activities, ones which are important while driving a project, and emphasises on the direction the project needs to head towards, that is, ‘Why’, ‘When’, and for ‘Who to’.What it has to provide your organisation with are stated below-It provides a common and seamless approach.Helps in keeping a project organised throughout the process.Repeated and timely reviews of progress are made against plan and Business case flexible decision pointsEnsures that the project continues to meet the business requirements.Provides flexible decision points.Aids to management control of any deviations from the plan if there are anyThe involvement of management and stakeholders at the right time and place during the project.Helps in maintaining good communication channels between the project, project management, and the rest of the organisation.Provides a method of capturing and sharing lessons learnt.Secures a pathway to increasing the project management skills and competences of the organisation's staff at all levels.All right, but why use a project management methodology?It has been known from various surveys that the project managers of high-performing projects are most likely to have been PRINCE2® certified. It enables them to manage the project, take risks, and have control over the use of resources.Since PRINCE2® and its methods are widely renowned and understood, it provides a common language for all the members in a project.It represents years of project management best practice that provides information about a lot of ‘Dos’ and ‘Don’ts’ to the participants in a project.With PRINCE2®, it will become easy for you to maintain a flexible and improved communication system throughout the project by employing Agile methods.Tell me about the training and certificationsPRINCE2® certification is awarded by AXELOS, and in order to get the certification, the user needs to take part in a training course with an Accredited Training Organisation, after which the user needs to sit for an examination. There are three ways to undertake the course: Virtual, Online, and Classroom. Trainers must be re-accredited once in every 3 years and undergo a surveillance check once every year.However, PRINCE2® examinations are either undergone:As a part of a PRINCE2® accredited training course through your PRINCE2® training providerOnlineAt a public PRINCE2® examination centre.Whichever option you select, the PRINCE2® examinations you appear for will have the same style and structure.There are four levels of certification for PRINCE2®:1. PRINCE2® 2017 Foundation: This level of certification confirms that the holder has adequate knowledge and understanding of the method of PRINCE2® and is qualified to work in a project management team using the very method.If you opt for this, then you must be able to:Describe the motive and major content of all roles, the seven principles, the seven themes, and the seven processes.State which management products considered as input or output by using the seven processes.State the main purpose and key contents of the major management products.State the relationships between processes, deliverables, roles, and the management dimensions of a project.2. PRINCE2® 2017 Practitioner: This level of certification confirms that the holder has developed an adequate understanding of the way the concepts of PRINCE2® can be applied in a certain given scenario and will be able to apply the same in a real project scenario under proper guidance. However, qualified PRINCE2® Practitioners who pursue the APMP qualification of the Association for Project Management (APM), are not eligible to attend certain topics of the syllabus, ones that are covered in PRINCE2® Practitioner qualification.         If you go for this, then you must be able to:Produce detailed explanations of all principles, themes, and processes and worked examples of all PRINCE2® products as they might be applied to address the particular circumstances of a given project scenario.Show that you comprehend the relationships between principles, themes, and processes and PRINCE2® products and can apply this understanding.Demonstrate that you understand the reasons behind the principles, themes, and processes of PRINCE2® and that you understand the principles underpinning these elements.Demonstrate your ability to tune PRINCE2® to different project circumstances.The examinees are strongly advised to read the book and review the test exams time and time again.3. PRINCE2® Agile Foundation:This level of certification was released in June 2018 and establishes the fact that the holder has sufficient knowledge and understanding of PRINCE2® and the Agile way of working and is able to work in a project management team by combining the concepts of both.4. PRINCE2® Agile Practitioner: This level of certification identifies the holder as being able to implement the principles of PRINCE2® in project management and apply the concepts of Agile, such as Scrum and Kanban.So, in a brief, to get PRINCE2® Agile Foundation or Agile Practitioner certification, you need to:Show that you understand the basic concepts of the common agile ways of workingShow that you understand the purpose and context for combining PRINCE2® and the agile way of workingDemonstrate your ability to fix and flex the six aspects of a project in an agile contextDemonstrate the ability to tailor the PRINCE2® principles, themes, processes and management products to a project in an agile context.You can visit our link to know more about PRINCE2® Foundation and Practitioner Certification TrainingWhat is the process of Examination?Although you were informed about the four levels of certification in the previous section, the examination format varies accordingly.We will provide you with a brief insight on each format and the prerequisites so that you get a general idea about the same before selecting a course with us.So, here are the four examination formats.The PRINCE2® Foundation Examination format:The duration of examination is 60 minutes.There will be a total of 60 questions.It will be a closed-book examination.You will need to have at least 33 out of 60 questions correct, that is, a pass mark of 55%.Prerequisites: There are no specific pre-conditions for the Foundation level certification.You may study this on your own or as take it as a prerequisite to the PRINCE2® Practitioner course.However, with respect to the PRINCE2® Certification Requirements, while it is not mandatory, having a basic knowledge of managing projects is always preferred.The PRINCE2® Practitioner Examination format:The duration of examination is 60 minutes.There will be a total of 68 questionsYou will need to have at least 38 out of 68 questions correct, that is, a pass mark of 55%.It will be an open-book exam (official PRINCE2® manual only).However, if you take the examination in your native language, then the duration of the same will be for 150 minutes. If not, it will be for 188 minutes. The distribution of the questions will be as follows:35 questions from the theme25 questions from the processesAnd 8 questions from the principles.Prerequisites:In order to appear for the PRINCE2® Practitioner examination, you must be able to provide a proof of passing one of the following exams:PRINCE2® FoundationProject 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).The PRINCE2® Agile Examination format:It will be an objective test.There will be 50 questions, each worth one mark.You will need a score at least 30 marks to pass (out of 50 available), that is, 60%.The test duration will be of two-and-a-half hours (150 minutes), no additional reading time.It will be an open-book exam (official PRINCE2® Agile guide only)What are the Prerequisites?In order to sit for the PRINCE2® Agile examination, you must have a Registered PRINCE2® Practitioner status (i.e. hold a current PRINCE2® Practitioner certificate).But why should I get PRINCE2® Certified?There are many reasons why it is recommended to study PRINCE2®.The most notable of them are:It is the industry standardIf you are looking to work in project management, then your search ends at PRINCE2®.PRINCE2® is a qualification that is recognised worldwide, one that is approved by the UK government as a best practice for project management. It has turned into an important benchmark of capability within the industry, and is considered an important requirement for those looking to further their project management careers.It helps in gaining First Class Project Management SkillsPRINCE2® offers the skills that will make you confident about managing projects with success. The key element it follows is using a common language, systems, and procedures. What results is you being able to govern resources and risks with fewer mistakes, but the incidents will teach you and your team how to learn from the same mistakes.Irrespective of the type of project, organisation, or industry one is involved with, PRINCE2® is adaptable enough to be seamlessly adjusted, not to forget the immense amount of time, money, and effort it saves.The time taken for you to qualify will not take longIt will not take you long to complete all the certifications of PRINCE2®. Their duration is from 20 to 50 hours for the entry-level PRINCE2® Foundation level, two to three days for the PRINCE2® Practitioner and Professional levels.The first level can be studied online. You can take your own time in scheduling your studies according to the time table. However, if you desire to finish your qualifications at a quicker pace, then there are a host of bundled packages having different classifications together.It assists you in shaping your career by getting better jobsHaving a PRINCE2® certification adds credibility to your CV. It is a renowned international product which has the quality method for managing any project. According to Arras People's 2011 survey, half of the people who opted for the same have certifications in PRINCE2®. This clearly explains why so many companies are hiring candidates who are certified in PRINCE2®.The 2016 AXELOS PRINCE2® survey shows that a majority of the surveyees, particularly from Germany and the Netherlands, felt that PRINCE2® certification is essential for a better career growth. The ones to opine otherwise stood at less than 10% of the total votes.A better future is accomplished by continuously being equipped with the best of the upgrades available and a PRINCE2® certification is one of those top-tier choices.It will qualify you to earn more moneyMany companies worldwide offer an average annual salary of around $42,380 to PRINCE2® Foundation certified candidates. Potential candidates could earn up to $66,206 after they complete their PRINCE2® Practitioner certification,So, being PRINCE2® certified helps you secure your financial benefits and career on a long-term basis.You will be open to more opportunities globallyIt is a fact. PRINCE2® qualifications are recognised and acclaimed globally. So, there is no doubt that it creates more opportunities for you globally.Did you ever dream of working abroad? If yes, then project management could be the ideal choice.What is the cost of the components of the certification?Whether it is PRINCE2® Foundation or PRINCE2® Practitioner, the total cost is split into various segments and varies from country to country and from one accredited training organisation to another. All the fees mentioned here have approximate values and may be subjected to change depending on the region.The components involved in the PRINCE2® certification cost are:PRINCE2® TrainingPRINCE2® examCost of Sample Examination papersStudy GuideMembership fee.Well, opting for a PRINCE2® course online means that the cost of your training component in PRINCE2® could be as low as under $300, considering that you go for a PRINCE2® Foundation & Practitioner Certification examinations bundle. Choosing this combination will give you access to the entire course lasting for a year. Some training providers offer such courses for just $60, provided you want to complete the same within a month. Generally, the Foundation examination could cost around $900 but you automatically would end up paying much less on the PRINCE2® certification if you get one of those bundled courses including both PRINCE2® Foundation & Practitioner Certification examinations.However, in case you think about attending a classroom training, then you may have to pay around $1000 for your PRINCE2® certification. A few of these PRINCE2® courses cover the cost of the PRINCE2® Foundation & Practitioner Certification examinations. So keep the cost of the PRINCE2® certification in mind if you are planning to go for PRINCE2® training. Moreover, take time to pay attention to the extent of course coverage, flexibility and the bundled services that are provided. This will help you cut down on the cost of PRINCE2® certification.PRINCE2® course onlineIf you go for a PRINCE2® course online, you will save a lot of money on the PRINCE2® examination cost. PRINCE2® course online for the Foundation level may cost you €450 or more, but the classroom session may cost €1000 or more. Speaking of PRINCE2® examination cost, you will be able to save quite a lot of money by going for the online course.And what about the future of PRINCE2® professionals?To determine if the PRINCE2® certifications are worth going for, you will need to have a look at the average salaries of the jobs targeted at PRINCE2® certified Project Managers.The average salary of PRINCE2® certified employees is around $85,000 to $90,000.        A number of studies and surveys demonstrate the fact that PRINCE2® certified professionals earn more than their non-certified peers.You may start with the job role of a coordinator or an administrator, but you can rise up to a director’s position with the aid of a PRINCE2® certification.With the help of a PRINCE2® certification, you also become skilled in handling project delivery successfully, thus becoming an invaluable asset to your company.A PRINCE2® certification imparts knowledge on how to manage your resources on the project effectively. Moreover, you will be able to effectively take care of risks and hence aid businesses more.Axelos survey revealed that individuals feel that PRINCE2® Foundation & Practitioner Certification is an invaluable asset for them irrespective of their position.In a nutshell, if you compare the PRINCE2® foundation exam costs, your salary should range from $33,000 to $ 93,000. Hence you can justify the costs of learning PRINCE2® with the staggering salary. Like we mentioned at the beginning of this article, PRINCE2® certified professionals are in high demand in the major companies throughout the world.You will be a sought-after person when your peers and organisation become aware of your skills in project management.ConclusionAll the information and discussion shared above is just the tip of the iceberg of information about PRINCE2®. There are more to follow in our subsequent articles having every useful information that will help you choose your career options, especially when you are standing at the crossroads of selecting the appropriate one for your future.We wish you all the best on your journey to pursuing excellence!
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What is PRINCE2®

PRINCE2® is one of the methodologies which will l... Read More