Project Management Institute (PMI)® offers Project Management Professional (PMP)® certification that is acknowledged as the gold standard of all the project management certifications across the globe. It further helps you to endorse your Project Management skills and knowledge while enabling you to gain business and strategic knowledge, that help you to land a high paying job in Bangalore. According to the Project Management Salary Survey of 2018, the average annual salary of a PMP® certified professional based in the US is $115,000 that is 25% higher than the non-certified counterparts.
PMP® exam is considered as one of the most complicated exams across the globe. It consists of 200 questions which you need to answer within 4 hours, and you need to get a minimum score(determined based on the difficulty level of the questions). You can overcome all the hassle of continuing your PMP® certification journey by taking up a training course with KnowledgeHut, one of the leading PMP® training providers around the world. It helps you to:
1. Read the Project Management Professional (PMP)® Credentials Handbook
You need to read the Project Management Professional (PMP)® Credentials Handbook thoroughly to understand everything that you need to know about taking the PMP® exam. But why do you need to waste your precious time? KnowledgeHut helps you to find answers to all your questions regarding the procedures of applying and taking the exam, saving your time and effort!
2. Match the eligibility criteria to become PMP® certified
You need to fulfill the requirement of 35 contact hours apart from having a high school diploma or a bachelor’s degree with a certain amount of work hours in order to sit for your PMP® exam. KnowledgeHut’s PMP® training course allows you to earn 35 PDUs to meet the exam prerequisite.
3. Become a PMI® member
You can become a member of your local PMI® Chapter. However, it is not compulsory for you to continue with your PMP® certification journey. But you won’t regret becoming a PMI® member. Why so? That’s because PMI® offers amazing discounts to its members on exam costs and gives access to its exclusive standards including a free copy of the PMBOK® Guide. Join any PMI® Chapter by paying a membership fee of $139 and reduce your PMP® fee from $555 to $405.
4. Book your PMP® exam
PMP® exam application involves a complicated process. But, fret not! KnowledgeHut offers assistance for filling up your PMP® exam application allowing you to avoid all the hassle and focus on your exam preparation. The process includes submitting your application through Prometric and choosing your exam center to sit for your exam.
5. Get thoroughly conversant with the PMBOK® Guide
The PMBOK® Guide is considered as the primary reference for the PMP® exam. Join the KnowledgeHut’s PMP® training course to avoid the pain of going through the complex content of the PMBOK® Guide on your own. The training course provided by KnowledgeHut is aligned with the 6th edition of the PMBOK® Guide.
6. Sample PMP® exam questions
You must have frequently come across the saying ‘Practice makes a man perfect!’. KnowledgeHut doesn’t only update you on the latest knowledge of PMP®, it also offers 6 full-length mock exams featuring 1200 practice questions that increase your chances of clearing your PMP® exam at one go.
7. What else does KnowledgeHut offer?
KnowledgeHut is a Global REP for PMI®, Inc that offers a plethora of advantages to cater to the needs of every PMP® aspirant. Once you enroll with KnowledgeHut’s training program, you get access to 35 hours of classroom training along with free access to 90 days of E-learning as well as online instructor-led training.
Do you have more queries? Give us a call and we would love to help you!
KnowledgeHut is a R.E.P. of the Project Management Institute (PMI)®.
Note: All information mentioned is accurate as of April 2019.
Understand and apply project management terminologies and concepts
Apply global Project Management Standards from PMI® to real-world situations for successful results
Provide faster solutions to clients, ensure compliance, reduce risk factors and save time and costs
Ensure open communication between stakeholders and team members
Ensure that the project stays within scheduled costs and timeframes
Lead and motivate the team to perform better
Attempt a first time pass of PMI’s Project Management Professional (PMP)® Certification Exam
Five Process Groups, Ten Knowledge Areas & Area Of Professional and Social Responsibility
To apply for the Project Management Professional (PMP)®credential, you need to either:
a) Possess a Secondary Degree (High School Diploma, Associate's Degree, or Global equivalent) with a minimum of five (5) years / 60 months of unique (non-overlapping) Project Management experience, with 7,500 hours in leading and directing projects, and 35 hours of Project Management Education
b) Possess a four (4) year degree (Bachelor's Degree or the Global equivalent) and a minimum 3 years/36 months of Project Management experience, with 4,500 hours in leading and directing projects, and 35 hours of Project Management Education
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Get expert assistance with PMI® Registration, PMI® Membership, PMI® Application Form Filling and Review of your PMI® Application.
Our Exam Success Formula is planned for maximum learning benefit—with six full-length mock exams, practice questionnaire, Math formulae, PM templates, and Exam tips.
Take advantage of Email support from instructors in all aspects of the certification. Right from enrolling for exams to solving your doubts post-workshop, we have your back!
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PMP® is an acronym for Project Management Professional and PMP® designation is the certification offered by Project Management Institute (PMI)® to professionals who clear the PMP® exam.
This credential is an international certification that’s highly valued and recognized in the field of project management. It indicates your level of competence and expertise as a project manager who can lead and handle even the most complex projects. Additionally, industry reports claim professionals with PMP® certification earn 20% percent than those without the credential.
A Project Management Professional is entrusted with some of the core responsibilities in an enterprise. Right from overseeing a project to using one’s skillset during the implementation and reporting stages, a PMP® is indispensable.
Below are some of the major duties of PMP® certified professionals:
As a PMP® certified professional, there are several benefits for you as an individual, your career and the organization you are working for.
Following are the benefits of PMP® certification:
A Project Management Professional (PMP)® certified professional is a person who has passed the PMP® certification examination and obtained a certificate.
As of March 2018, there are 833,025 active PMP® certified individuals and 286 chartered chapters all over the world in 210 countries according to the record.
A PMP® certified person is acknowledged worldwide and can work as a project manager anywhere the world. This certification paves the way for better career growth and salary.
This course will be useful for professionals in the following roles, among others:
Below are 7 steps that you should follow to become a PMP® certified professional:
The average salary for a certified PMP® is $108,000 in the United States. Certified PMP®s earn more in Australia, Switzerland, and the United States.
In Australia, the average salary of a certified PMP® is $134,658, while it is $133,605 in Switzerland.
The lowest salaries are given in China, India, Egypt and Nigeria with $24,201, $27,052, $27,156 and $30,000 respectively.
Apart from the certification and location, other factors that affect the increase in salary are education, level of experience and skills.
The PMP® certification will help increase the chances of getting a salary raise by 23% compared to professionals who are not certified. This is according to the salary survey carried out by PMI. It involves collation of salary information from 26,000 project managers from 34 countries of the world.
However, it depends on your level of experience, problem-solving skills, location, education, and industry. For instance, PMPs in Australia, Switzerland and the United States earn more than those in China, Germany, and UAE.
Yes, PMP® certification is helpful in changing your job profile and industry as long as it’s in the field of project management.
If you meet the PMP® requirements for the certification regarding the minimum hours of experience and education, you can switch between industries. The most important aspect is getting qualified to attend the exam and successfully passing it so that you get to enjoy all the benefits the PMP® certification offers. You can soar higher in your industry and even change career lanes.
Program Management Office (PMO) job profile describes the responsibilities of PMO as follows:
The PMBOK® Guide stands for Project Management Body of Knowledge. It is a guide that contains the processes, best practices, terminologies and acceptable guidelines in the project management field.
The PMBOK® Guide is normally updated within 4-5 years to reflect new ideas, ideologies, trends and best practices in the project management industry. It helps project managers to create a workable standard across companies. The first edition was published in 1996. It is now on the sixth edition which was released in September 2017.
You need to renew your PMP® certification every 3 years. Having passed the PMP® examination, there is the need for continual skill updates through CCR (Continuing Certification Requirements) program that helps to maintain the validity of your membership status and your credentials (PMP)®.
You need 60 PDUs ( Professional Development Units) for your certification renewal at the end of each 3 years cycle. Inability to get the required number of PDUs for renewal automatically leads to a year-long suspension of PMP® credentials, making it invalid thenceforth.
The day you pass your PMP® exam, your first CCR cycle starts.
The PMP® certification training is accessible in three different ways, the classroom training, instructor-led training, and the self-learning method. These modes have their ups and downs but the self-learning is considered the cheapest of the three.
Online training can either be through self-learning mode or instructor-led mode. There are good online platforms where you can get 35 contact hours of PMP® training such as KnowledgeHut.
Following are the important factors you should consider before choosing the right online platform for training:
PMP® process comprises the basics of project management which includes five phases found in a project life-cycle.
These are: Initiating, Planning, Executing, Monitoring, and Closing. The 49 processes are sub-grouped into these five main areas, which are interwoven in the course of the project life-cycle.
The process connects all the necessary components required for meeting the specific criteria and goals of any project. Since the project manager is the centre of each project, he is responsible for ensuring strict compliance with the given rules and details that can lead to success.
A PMP® Certificate is awarded to professionals who have passed the PMI’s Project Management Professional certification exam. Since attending the training and clearing the exam is not an easy task at all, this credential is a symbol of the capabilities and skillset of the holder. Project managers with this certificate are considered to be a class apart from their peers. They are often given the responsibility to lead and direct team members in the successful execution of a project.
The Project Management Professional (PMP)® is a certification designed for professionals who already have experience in leading and directing projects. The Certified Associate in Project Management (CAPM)® certification is designed for professionals who want to get started in their project management career.
The eligibility requirements for these certifications differ in this respect.
As of March 2018, the number of certified PMPs in the world has been documented to be 833,025. The PMP® is the most common certification among the Project Management Institute suite of certifications. In fact, about 93.5% of all PMI® certification holders are PMP® holders.
The country with the highest number of PMP® certification holders is the United States. This is because PMP® certification holders are in high demand across all industries in the US.
The eligibility criteria for PMP® certification are divided into three parts:
The steps to get a PMP® certification are as follows:
You must first ensure that you meet the eligibility criteria which include a 4-year degree and 4500 hours of leading and directing projects, or a secondary degree with 7500 hours of leading and directing projects. You also need 35 contact hours of project management experience.
Once you meet the eligibility criteria, you can apply for the exam. It takes about 3 - 4 months to adequately prepare for the exam. You will need to study the PMBOK® Guide and other third party materials, and also take practice tests and quizzes from KnowledgeHut.
PMP® Certification is more difficult in comparison to other certifications and requires a deep commitment and adequate preparation. The time you require depends on your experience, formal training, and your preparation materials.
The failure rate for the PMP® exam is 40-50%, which is high. Most of the people who have failed the exam did so in the first attempt. Some of the reasons why people fail the PMP® exam at their first attempt are the following:
Passing the PMP® exam requires adequate preparation. You must dedicate about 2-3 hours per day to study. Read third-party study materials and the PMBOK® Guide. Also, take practice tests and quizzes from KnowledgeHut
There is no pass rate for the PMP® exam because PMI does not publish the pass mark for the exams anymore. Questions are rated according to their difficulty level. This makes it hard to calculate the pass percentage according to the number of correct answers. Each exam question is scored based on the difficulty of the question you have answered correctly.
Project Management Professional (PMP)® certification is the most popular certification offered by the PMI®.
PMP® certification is globally accepted, and it is as valuable to IT developers as it is to people from other professions.
The PMP® certification exam fee is different for members and non-members. If you are a PMI member, you are expected to pay $405, while the fee is $555 for non-members. If you are not yet a PMI member at the time of application, you will still pay $555 for the exam and membership fees. The annual renewal fee for members is $119 while it is $129 for new members.
Below are the best 10 certifications for project management:
PMP® is recognized in Australia and everywhere in the world. It is the first and the most popular certification from the Project Management Institute. Once you meet the eligibility criteria, and write and pass the exam, the certification is recognized all over the world. As a certified PMP® in Australia, you will enhance your marketability in the workplace and earn a top salary in your industry.
The requirements to take the PMP® Exam are:
No. You don’t need a degree to get PMP® certification. If you have a secondary degree i.e. a high school diploma, associate’s degree or the global equivalent with 7,500 hours of leading and directing projects besides 35 hours of project management education, you are eligible to take the PMP® examination. The PMP® education shows you have theoretical knowledge to manage projects while the experience shows you have enough soft skills to take the PMP® exam.
The project management institute requires that you have 4,500 hours of leading and directing projects if you have a bachelor’s degree or 7,500 hours of leading and directing projects as a secondary degree holder.
The experience involves tasks you have done at work and outside work such as initiating, planning, executing, monitoring and controlling a project within a process group. It can also involve experience through participation such as volunteer experience, work experience, and side projects. All you need is to always keep accurate records of your experiences.
You will get 35 PDUs on completion of 35 hours of training. These can be used toward your continuing education and recertification requirements with the Project Management Institute (PMI)®.
PDUs are credits awarded by the Project Management Institute. They recognize your dedication to the Project Management world through the award of credits for every educational effort you make throughout your career. Every PMI® certification, except the CAPM®, requires you to earn a specific number of PDUs per three-year certification cycle.
With the exception of the CAPM® credential, all those who earn a PMI certification must actively maintain their certifications through participation in the CCR (Continuing Certification Requirements) Program and renewal of their certifications every 3 years. You can take part in professional development and learning activities to earn Professional Development Units (PDUs), thus fulfilling the continuing certification requirements and ultimately growing and developing as a practitioner.
To maintain your PMP® certification, you must earn and record 60 PDUs every 3 years.
35 contact hours of documented training is mandatory for professionals who want to take the PMP® exam.
You need to show that you have completed courses, workshops and trainings by registered education providers (R.E.Ps), PMI component organizations, employer-sponsored programmes, distant learning companies with an end-of-course assessment, University / college academic and continuing education programs or any other training workshops where you can present the proof of training such as certificates, tests, syllabus and course descriptions.
One hour of classroom teaching is one contact hour. The same goes for non-classroom training.
The PMP® 35 hours for project management education does not expire. It is one of the eligibility requirements to sit for the PMP® exam. These are hours obtained in a formal learning environment and provided by a standard instructor. The contact hours must be in project management. Once you have it, you can use it to apply for the PMP® certification exam. For instance, if you have the project management education 5 years ago, you can still use it to fulfill the requirement for your PMP® certification.
The Project Management Institute (PMI) has made it mandatory that all aspirants who have completed a 4 years degree need to have 4500 hours of leading and directing projects and those with secondary degrees need 7500 hours of leading and directing projects. The project management experience could be through managing teams, clients or vendors in large or small projects in any industry of your choice.
Besides that, you also need 35 contact hours of education. You can get it by undergoing self-learning, instruction led or regular classroom training.
You may attend the coaching to gain an in-depth knowledge of project management principles, but without the stated educational qualifications and experience, you cannot appear for the examination.
Successful completion of the exam and passing it gives you the opportunity to become a certified Project Management Professional. With this title, you can apply to get jobs across the countries and become a globally recognized project manager.
You will receive the PMP® certification that is provided by the PMI® Institute, on successfully passing the exam.
The time you require depends on your effort and capability. First, you need to ensure that you have the eligibility requirements such as
Then, you need 3-4 months to prepare for the exam.
The application process for PMP® certification is simple. Ensure you meet the eligibility criteria before you apply. The cost for the application is $405 for PMI members and $555 for non-members.
Follow the steps below to apply PMP® certification online:
The cost of the PMP® course depends on the mode of training of your choice. There are three distinct modes of delivery of the PMP® course:
The PMP® course will give you the 35 contact hours required by PMI to sit for the PMP® exam.
You can reschedule your PMP certification exam appointment two days before the exam date. If you do so within 30 days of the exam, you will have to pay 70 USD to the PMI, but doing so within two days of the exam will forfeit your full exam fee.However, you can reschedule your exam before 30 days for free.
PMP® certification renewal for Project Management Institute members costs $60 while it is $150 for non-members. Renewal is mandated every three years from the time you first receive the certification.
Project management is a dynamic industry and you need to renew your certificate to show that you are conversant with the changes and best practices used by project managers all over the world. The renewal will be displayed on your profile status as ”PMP® with good standing”.
There is no fixed cost for becoming a project manager as it varies depending on the institution of your choice. You should have the required experience, should have undergone project management training and done adequate preparation to pass the exam.To be a project manager, you must also have leadership skills and the ability to work with others comfortably.
The cost of PMP® certification in India is:
A PMP® test is an examination for project managers who want to become certified. It contains 200 multiple-choice questions. Each question has four options.
There are six types of questions in the PMP® exam and they are:
The PMP® exam is difficult because the standard set is high. The certification exam examines your understanding of the PMBOK® Guide, and demonstrates your experience in project management. To pass the exam, you need to study supplemental study content and take regular practice tests and quizzes. Take several months to read the material and practice at least 2 hours daily.
You need to pass 175 questions out of 200 multiple-choice questions which are found in the PMP® exam. The remaining 25 questions are referred to as pre-test but are not obvious or distinguishable as they’re scattered around the multiple questions. The PMP® exam candidate should attempt all the questions since he or she cannot single out those 25 pre-test questions.
The questions are scored according to the difficulty level. The questions are individualized as no two candidates get similar questions. The easier the question, the higher the passing score determinant and the higher or tougher the question, the easier the passing score.
Ensure that you use the remaining two attempts within a year of your eligibility period. If you don’t, you cannot fill the PMP® exam application form for a year. If you still fail the remaining two attempts, you have to wait for a year from your last exam attempt before you can re-apply and write the exam.
The PMP® exam last changed on March 26th, 2018. This is because the PMBOK® Guide was updated and released on September 6th, 2017. There were changes in the syllabus and there were new chapters and sessions added to the guide. For example, the number of processes was increased from 47 to 49. So, to prepare for the exam, you need to get the latest edition of the PMBOK® Guide 6th edition. However, there are still 200 questions and the duration for the exam is still 4 hours.
You can take the PMP® exam three times a year. If you still have not passed the exam after your third attempt, then you have to wait for a year from the date of your last exam attempt.
You have to pay for each exam attempt and get your application reviewed and approved. But you don’t need to retake the training course because your contact hours will not expire.
You can reschedule your PMP® exam through the Prometric website.
The PMP® examination is comprised of 200 multiple-choice questions and has to be completed in 4 hours. Of the 200 questions, 25 are considered pretest questions and do not affect the score.
Please check the PMP® handbook for complete details at this link: PMP® handbook
The PMP® exam comprises 200 multiple-choice questions. Each question has four options.There are six types of questions in the PMP® exam and they are:
If you want to pass the exam, read the PMBOK® Guide and other third-party books and practice a lot of test questions. When you can identify the questions you will meet, it will help you to be thoroughly prepared.
The duration of the PMP® exam is 4 hours. A lot of PMP® candidates have attested to the sufficiency of time to complete the 200 questions.
While studying for the exam, you should be reminded that within these 4 hours you’re not allowed to go out for a break or any rest. But, in a case a candidate is permitted to go out for any reason, the time duration will still count; meaning you will not be given any extra time neither will the time be extended for you.
Out of the 200 questions, you are expected to pass 175 since 25 are just pre-test questions.
There are 200 questions in the PMP® exam. 95% of the questions are scenario based. The remaining 5% of the questions are simple and straightforward questions.
Out of the 200 questions, 175 are scored, which means they contribute to your exam score while 25 are non-scored questions, and they don’t count towards your exam scores. They are pretest questions used to try out future tests. The questions are chosen randomly so you need to answer all of them with the same seriousness.
A few weeks to 6 months of active study and preparation for the exam can guarantee your chances of passing the PMP® exam. In a general sense, there is no fixed time for passing the PMP® exam. It depends on your level of assimilation and ability to answer the questions correctly.
If you’re able to devote enough time for study; an average of 180 hours of study should be enough to help you pass the exam. The most important thing is to start an intensive study plan as soon as you register for the exam. Also, a 3-hour daily study should help you get set for the exam within 2 months.
The PMP® exam contains multiple-choice format examination on the five domains, which are Initiating, Planning, Executing, Monitoring and Controlling and Closing. The number of questions is broken down as follows: 13% tests on initiating, 24% tests on Planning, 31% tests on Executing, 25% tests on monitoring and controlling and 7% tests on closing. The percentage signifies the number of questions that are created for each domain in the examination.
According to PMI’s 2013 Talent Gap Report, the project management industry is set to grow by $6.6 trillion by 2020, with more than 41.5 million jobs becoming available. This is a validation of the need for talented and qualified project managers, who can steer projects towards success and achieve organizational goals. This PMP® training will equip you to handle complex, multifaceted projects and prove that you are indispensable to the organization.
The PMP® process chart is an important aspect of the PMBOK® Guide, hence you need to memorize it before you take the exam.
The six steps below will help you:
PMI’s passing score for the PMP® exam for each aspirant is different. The exam score is determined based on the difficulty level of the set of PMP® exam questions you have answered. PMI uses a scientific approach to determine whether a PMP® candidate is eligible for the PMP® certification. The report card will show the Target level i.e. above Target, Target, Below Target and Needs Improvement.
The PMP® exam is fairly difficult, and it requires adequate preparation.
Below is what you can do to prepare for the PMP® exam:
Make sure you answer at least 85% of the questions correctly. If you get this percentage on your first attempt, then you are well prepared for the exam.
You can study for the PMP® certification exam by reading and understanding the PMBOK® Guide. Decide your mode of study according to your learning style. How best do you learn? Is it through reading a book, listening to a podcast, watching a video? Understand your learning style and plan your study around it.
Studying for a certification exam requires partnership. Study in groups and learn from the contribution of others. You need to familiarize yourself with the lexicon of project management as used in the PMBOK® Guide.
You can also take a PMP® prep exam or register for an online practice test and quizzes.
Reading the best books is important to pass the PMP® exam.
Below is the list of books that can help you prepare for PMP® exam:
You need approximately 180 hours to successfully study and pass the PMP® exam. This equals around 2 hours per day for 3 months or 3 hours per day for 2 months. For instance, if you can devote more hours, say 6 hours per day, you will be prepared within the next one month.
Basically, it depends on the time you have for the study, how serious you are about passing the exam at the first attempt and the quality of the preparation resources you want to use.
Passing the PMP® examination requires enormous preparation. You need at least 3 months or 90 days to prepare for the exam.
PMP® exam fee is the fee paid to register for PMP® certification. The institute in charge of this registration; PMI (Project Management Institute) has two options for PMP® certification exam registration:
In 2019, the PMP® Exam costs $405 and $555 for members and non-members, respectively.
PMP® exam fee can be paid using credit cards, checks, money orders, and wire transfers.
You should note that you will not be allowed to schedule your exam until you pay the exam fee. However, after the approval of your application, you have the grace of one year to pay/schedule the exam.
You can reschedule your PMP certification exam appointment from 30 days upto two days before the scheduled exam date on paying 70 USD to the PMI. Rescheduling within two days of the exam will forfeit your full exam fee. However, you can reschedule your exam before 30 days for free.
Candidates in various locations are required to pay their equivalent of the US dollars in their own currencies.
Canadians aspiring to get certified in PMP® have to pay the equivalent of US $405 as PMI members or the equivalent of US $555 as non-members. This is for the CBT exam.
Those aspiring for the paper-based test of the PMP® exam are also expected to pay the equivalent of US $250 as registered members and the US $400 as non-registered members.
There are other costs apart from the exam cost. You will need to pay for sample practice exams, prep courses, prep books and other materials needed to aid your successful completion of the PMP® exam.
The first attempt at the PMP® exam costs $405 for PMI members and $555 for non-members.
If you fail at the first attempt, you can retake the PMP® exam again at a cost. It is $275 for the computer-based exam for PMI members and $375 for non-members. It is cheaper for the paper-based exam. It is $150 for a PMI member and $300 for a non-member.
If you fail the second attempt, you still need to pay to retake the PMP® exam.
The PMP® Exam in India costs $405 for the computer and paper-based exams for members and $555 for non-members.
The PMI membership fee is $130 with an annual renewal fee of $119. You can become a member of the PMI and save costs. Members have the privilege to download the digital edition of the PMBOK guide for free on the PMI website.
Other costs include training fees which vary between $126 and $2700 to complete the 35 contact hours required. You may also need to purchase other third-party books to help you prepare for the exam adequately.
The most popular courses in project management include:
Project management is important for the following reasons:
The 5 process groups of project management are; initiating, planning, executing, monitoring and closing process groups. It is not enough to have years of work experience, there is a need for combined knowledge and skills to achieve great results.
Successful project completion in project management is the combination of several components together. These processes are indispensable and need competencies, which a project manager must have. It is therefore mandatory for any project manager to internalize and integrate these essential components into their assigned responsibility.
The first step in getting certified in project management is to meet the eligibility requirement. It includes a four-year degree and 3 years of project management experience which includes 4,500 hours leading and directing projects or a secondary degree with 5 years of project experience and 7500 hours leading and directing projects. You also need 35 hours of project management education.
The second step is paying the examination fees of $450 for PMI members and $555 for non-members.
The third step is to schedule the examination, prepare, write and pass the exam
There are three costs associated with the Project management certification.They are highlighted below:
You need a minimum of a bachelor’s degree in management or a similar degree in any field of your choice to get involved in project management. It is possible to get a degree in computer science, business management, engineering etc and still become a project manager in that field. For instance, there are IT project managers. You can also study project management courses offered by some colleges/universities. There is room for growth in any chosen career by taking part in any program offered by the Project Management Institute. These can be online or offline.
Project management knowledge areas are the technical subjects important for efficient project management.
There are 10 areas:
While they serve as fundamental guidelines, it is possible for one or two not to apply at a particular time of project execution. Time management is such an essential key area that it determines the overall satisfaction of a client and how the organization is perceived by outsiders.
Project Management knowledge areas are sets of up-to-date terminology and guidelines for good project management.
The ten knowledge areas of project management are:
Project management techniques help to effectively plan any project. Anyone who desires to have complete control over the plan of his or her project from the beginning to the end should use these techniques.
For instance, by using these tools, you can finish your project within your budget without additional costs. They will help you determine the progress of the project in determining the money spent and what is left to get the job completed. In a similar vein, if you want to manage resources well, you need these techniques.
PMO is an acronym for Project Management Office. A PMO’s job role is to define the standards for project management by ensuring the standardized running of projects and programs in the organization.
It is usually a group within the organization saddled with the responsibilities to define standards and also execute tasks that are associated with project management. PMOs achieve this through strategic project planning, setting of goals, execution of projects, governance, documentation, the setting of priorities and portfolio alignment.
PMOs help organizations reach goals more quickly and help to deliver strategies with an outcome that is certain.
ITTO stands for Inputs, Tools, Techniques, and Outputs in project management. These are various guidelines that are detailed out in the project management process and a lot of project management students—both beginners and those already in the process of earning the professional certification—are often intimidated and worried about these complex guidelines. As standardized procedures of strategically using known methods for all projects, they lead to uniformity across all projects carried out by project managers. With the implementation of ITTO, all project managers follow the same fundamentals for any project irrespective of the location and project type.
A project manager carries out several duties and they are:
This is why many people adduce the success or failure of any project to the project manager. Several industries like construction, architecture, petrochemical, information technology and other firms involved in the production of products and professional services employ this job title.
You do not need a degree to become a project manager. A Diploma in Building and Construction (Management) with extensive experience in the construction industry, for instance, qualifies you to become a project manager without a degree in the construction space.
However, it becomes necessary to own a degree if you are planning to manage and direct complex projects and lead teams. You can then earn a bachelor’s or master’s degree or a professional certificate.
Project manager certification is the certificate that empowers a project manager to function successfully in that capacity. The globally recognized certification that is the gold standard for professionals in this space is known as the Project Management Professional (PMP)® certification.
To become certified as a PMP® professional, follow the five steps below:
Following the steps listed above, will help you become a certified project manager.
To become a certified project manager, follow the steps below:
Yes, depending on the location, work experience, and the financial capacity of the company among other parameters. Project managers are paid $134k in Australia, $133k in Switzerland and $108k in the United States. In China, they’re paid $24k while in India they’re paid $27k.
These vary based on prevailing factors from one location to another and the company in question. For instance, while the average pay is $108k in the US, some states pay different salaries for different categories of project managers.
Experienced and established professionals are paid $96k while those with little or no experience (often known as entry levels) earn $89k.
There is no fixed time required to become a certified project manager. It solely depends on your abilities. Keep in mind that there are time-based procedures you must undertake, such as:
The average annual income of a PMP® certified project manager is $90,033. The lowest salary in this category is $59k while the highest paid earns $134k in the US. There are extra payments and cash rewards aside from the salary, such as a bonus, profit sharing, and compensations.
In 2017, a certified PMP® Project manager earned nothing less than $83k as average salary annually. There is a remarkable difference between PMP® certified project managers’ salary and that of non -certified project managers. A certified PMP® earns at least 20% more than those who are not certified.
A project manager makes $63 per hour on average in the United States. However, it ranges between $56 to $71, and depends on your level of experience, certifications, skills, education, and location. For instance, as a certified project manager, you can earn 23% more than those who are not certified.
The salary of entry-level project managers is $75,596 in the United States. Experienced project managers earn $96.425.An entry level project manager’s job is great for people who are just starting out. It will help them gain the necessary skills and expertise they need in the field and build their career.
The average salary for a senior project manager is $113,735 per year in the United States. Nationally it varies from $52,000 to $173,000. The duties of a senior manager are to evaluate projects continuously, know the latest strategies and technologies, identify internal and external resources and develop project management programs.
IT project managers take care of the information technology plan from the initiation, design, and implementation right through to the closure.
A contracts manager performs the following roles in any company:
It will take between 4 to 6 years to become a construction manager. You need to have either a bachelor’s degree, a master’s degree, or an associate degree. The degree can be in construction management, construction science, architecture or engineering. Employers are looking to hire a construction manager who is well educated. You will need a considerable amount of work-related skill, knowledge or experience, on-the-job training or vocational training.
A junior project manager offers assistance in managing projects by giving out pieces of advice related to project management to organizations/companies in need of professional service. From the term junior, it is evident that they work directly under the supervision of a higher manager known as the senior project manager, as an assistant.
Junior project managers are basically found around software development firms, engineering industries, and other organizations in need of project managerial services.
As an assistant in project management firms, a junior project manager performs different duties such as:
An assistant project manager is charged with the responsibility of assisting project managers in the course of executing project-related activities such as:
Junior project managers make up to $70,000 in a year in the United States. This is based on their average salary. A new junior project manager can make a starting salary of around $52,500 and this increases as he gains more experience.
How much a junior project manager will make varies from company to company, industry to industry and also from one country to another. Junior project managers in the UK earn £29,114 in a year on average. Construction companies pay $66, 136 on average while IT companies pay an average of $62,000.
Freelance project managers make between $21,500 and $148,000 resulting in an average of $78,517 annually in the US. There is a growing awareness of freelance opportunities as there are about 12% of freelance project managers and 88% permanent project managers in the United States. Many people are embracing freelance opportunities to carve out time for other businesses. They take on freelance project managing jobs to enjoy benefits coming from different companies. The choice boils down to personal financial goals.
A construction project manager’s job description is:
Aside from having a bachelor’s degree and other related certification, a construction project manager is expected to have adequate work experience.
A contract project manager makes an average of $90,337 per year in the United States. Contract project managers are high in demand because companies need professionals who can come in for a period to manage one-off projects and then leave. As a contract manager, you can choose which projects to work on and you earn more money. Different contracts will also help you build up your experience in project management.
A residential project manager makes $101,022 as an average annual salary in the US. This depends on some factors such as location, skills, certifications, experience and the financial prowess of the company they work for. The lowest average pay is $88k while the highest is $101k.
The job description of the residential project manager remains the same irrespective of the salary being paid. Some duties include: hiring/managing employees, projects scheduling, monitoring the progress of each construction, securing permission and budgeting finances for each site.
In the US, HVAC project managers make $86,232 per year based on average calculations. The lowest paid earns $44,500 while the highest paid earns $121,500 across the states. The difference between the least and highest paid HVAC project manager depends on the location, the company in question, years of experience and other factors. However, there is a difference between an HVAC technician and an HVAC project manager. While an HVAC technician is involved with the installation and repairs of an HVAC system, an HVAC project manager relates with clients as the project is ongoing.
A project manager in the UK earns £61,188 on average over a year as of September 2018. However, salaries vary based on location. For example, in Edinburgh it is £93,791, in City of London it is £72,500, in Bristol it is £62,500, in Birmingham, it is £57,500, in Leeds it is £52,500 and in Manchester, it is £47,500. Besides, salaries also vary based on other factors such as certifications, level of experience, skills, and education. Certified project managers in the UK will earn 20% more than those who are not certified.
The starting salary for a construction manager is $58,652 per year. However, there is additional compensation such as the bonus which is $3,122, the profit sharing - $2,528, and the commission is $9,000.
However, the amount of salary a construction manager at entry level earns depends on the skill, education, experience, certification, and location. A certified construction manager earns at least 20% more than those who are not certified. Also, a construction manager in Australia earns more than those in the United States.
A construction project manager makes $49 per hour as of September 2018. But typically it ranges between $42 and $55 in the United States. The hourly rate varies based on the project manager’s certifications, level of experience, skills, location, and education. The more experience, skills, and education you have, the more you earn.
The average salary of a construction manager in Australia per year is $160,593. Apart from the salary, a construction manager also earns a bonus, profit sharing, and commission on projects. Construction managers in Australia earn one of the top salaries compared to their counterparts in USA and UK who make $74,678 and $66,952 respectively. A construction manager leads and directs the construction of building, road and structures.
The average salary of a construction project manager in Canada per year is between $69,000 - $112,000. The salary varies based on the company, certifications, size of the project and years of experience. However, construction managers in the U.S earn much more than that. In the U.S the salary of a construction project manager is $91.370 as reported by the U.S. Bureau of Labor Statistics.
The average national salary of a construction project manager is $117,786 in the U.S. The highest paid in the profession earn $138,330 while the lowest paid earns $53,740. However, compensation differs regarding whether the project is a large or small one. Construction project managers oversee and manage contractors, critically review project blueprints and solve construction problems.
The Project Management Institute(PMI)® is a certification body and a non-profit membership association. PMI offers different project management certifications ranging from PMP®, CAPM® and several other top-level certifications that focus on project management, portfolio management, agile practices, risk management, business analysis, and scheduling. The PMP® is the most in-demand certification in project management.
PMI stands for the Project Management Institute. It is a non-profit professional membership association established for project managers and program managers. The association was founded in 1969. Currently, it has over 2.9 million professional members worldwide. The Project Management Institute oversees the Project Management Professional certification, which is a popular certification for project managers.
Project Management Institute certifications are documents from a reliable third party (PMI) that demonstrate your skills and education relevant for project management jobs. They set you apart from the crowd.
There are different certifications from PMI such as:
The Project Management Institute (PMI)® is a non-profit membership organization for professionals in Project management. They offer different certifications such as PMP® certification, CAPM certification, PgMP Certification, PMI scheduling professional (PMI-SP) Certification, and PMI Risk Management Professional (PMI-RMP) certification, among others.
Each of the certifications has different requirements. PMP® is the most popular of them all and to be eligible, you need a 4-year degree and 4500 hours of leading and directing projects or a secondary degree with 7500 hours of leading and directing projects. Besides, you also need 35 contact hours of project management education, after which you must pass the certification exam.
The Project Management Institute (PMI)’s headquarters is located near Philadelphia, Pennsylvania, U.S.A. PMI’s chapters are spread across 80 countries of the world. PMI members have access to the chapters in their countries. You can locate your chapter by visiting the projectmanagement.com.
PMI has over 2.9 million professionals working in almost every country in the world to improve their careers, create organizational success and ensure the maturity of the profession. PMI offers eight certifications which include Project Management Professional (PMP)® and Certified Associate in Project Management (CAPM)®.
You can sign up to become a PMI member on pmi.org. It costs $129 per year. The application fee is a one time $10. There are different levels of memberships, such as Individual membership, student membership, and Retiree membership.
As a member of PMI, you enjoy the following benefits:
The cost of joining the Project Management Institute (PMI) is $130 ($129 membership fee and $10 for the application fee). The membership is subject to an annual renewal fee of $119 which must be paid within 90 days of your current membership expiration date. If you are joining the PMI as a student, you will pay $2 and then you have to pay the annual renewal fee of $32. If you have been a member of the PMI for at least 5 straight years and have retired, you can still keep your membership by paying a renewal fee of $65 annually.
The PMI membership renewal fee is $119; $10 (application fee) less than the new registration fee, which is $129. Fees differ from one category of people to the other. Students and retirees are given special considerations because of their dependent nature while others pay the normal fee at registration. If you’re a student studying for project management in any college or university, you are eligible to register and become a PMI member with as little as $32 including the registration fee. Retirees pay $65 annually.
The PMBOK® Guide stands for Project Management Body of Knowledge. It is a guide that contains the processes, best practices, terminologies and acceptable guidelines in the project management field. The PMBOK® Guide is normally updated within 4-5 years to reflect new ideas, ideologies, trends and best practices in the project management industry. It helps project managers to create a workable standard across companies. The first edition was published in 1996. It is now on the sixth edition which was released in September 2017.
The PMBOK® Guide (Project Management Book of Knowledge) 6th edition contains 49 processes, best practices, terminologies and standard guidelines in the project management industry. The guide is developed by professional practitioners and experts. It is always updated every 4 to 5 years to make sure it reflects the current standards, ideologies, terminologies, and trends in the project management industry. It is published by the Project Management Institute (PMI).
The PMBOK® Guide 6th edition contains 978 pages, and it was released in September 2017. This includes the Agile Practice Guide which is 186 pages, 3 new processes, knowledge areas, etc. The previous edition was the 5th edition, and it is 616 pages. The Project Management Institute updates the PMBOK® Guide every four to five years because the project management industry is dynamic. There are new theories, ideas, ideologies and philosophies that are continually evolving in the industry, hence the update.
The number of pages in the PMBOK® Guide 5th edition is 589. The PMBOK® Guide 5th Edition is 10.8 wide, 8.3 tall and 1.2 thick. The Project Management Institute published it on January 1, 2013. The latest edition PMBOK® Guide 6th edition was published in September 2017. The guide is available in different language translations such as Korean, German, French, Spanish, Portuguese, Chinese, Arabic and Russian.
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