Truth About Benefits of PMP Certification

At some point in their career, almost every project manager admires whether to get some project management certification. The project management professional (PMP) certification, offered by the Project Management Institute (PMI), is by far the most widely accepted project management certification worldwide.

Based on the number of time and money it takes to succeed, it may seem daunting to get PMP certified. However, statistical data and anecdotal evidence confirm the resolution that obtaining PMP certification has enormous value for project managers and their employers. If you are contemplating getting your master’s in project management, you should look for a program that provides you to take the PMP exam.

Earning a PMP Certificate

While you can succeed without a certificate, accreditation can aid you in four key steps:

1. Commits to Higher Billing Rate

Education and experience typically push your base rate as a consultant, but adding an approved certification to your name can also help to punch up the dollar value of your services. This is fueled by medium and large corporations' improved interest to hire consultants and employees who are certified, project managers. Companies appear willing to pay for that level of expertise and make it a hiring requirement.

The annual median salary for project managers concentrating on applications is $161,474 when working with businesses with more than 500 million dollars in yearly revenue. In a study of 2,000 salaries, this number dropped 24 percent. This explains how valuable certification can be.

2. PMP Certificate Opens Doors to New Clients

The number of certified project managers is growing year after year. The Project Management Institute (PMI) had over 2.9 million members in countries all over the world. As these numbers proceed to develop, so do the number of companies that understand the value of working with certified professionals.

Having a certification from the PMI, or other kinds of project management certification often make the distinction in getting the job or being passed over for someone else. It can also be an essential factor in a client deciding whether or not to hire you.

3. Proposes International Recognition

If you work with international clients or companies who have a global neighborhood, a PMI certification is now known as meeting international standards and requirements. The PMI was the first project management organization to earn accreditation for its PMP accreditation program from the International Organization for Standardization (ISO).

The ISO was launched in 2002 but is now recognized and supported by more than 85 countries, and ISO is considered an essential benchmark in the international business community. Hiring PMP-certified consultants is now especially useful to global organizations because they can reference the ISO 17024 certification.

4. Establishes Credibility

Getting a Project Manager Professional (PMP) certification requires that you meet specific, rigorous guidelines that include your experience, education, and professional experience. In addition to taking a test, you must also have three to five years of experience, depending on your cultural background, as a project manager, and have gained 4,500 to 7,500 hours leading and managing projects.

Certified professionals also agree to remain by an industry-accepted code of ethics and professional conduct. Becoming PMP certified is not easy or secure, but the designation signifies a high level of professionalism and experience, which instantly boosts your credibility as a consultant.

Why Does It Pay to Be PMP Certified?

While converting PMP certified can be costly, complicated, and time-consuming, it gives a high level of dedication to project management as a profession. Having the PMP certification provides you a particular level of prestige and a more excellent way to jobs with higher salaries. PMP certification holders get 20 percent more than their non-certified peers.

Some employers want their project managers to be PMP certified or give hiring preference in PMPs. Research shows this can assist companies to be more competitive, productive, and meet their goals. In organizations where, at most, one-third of project managers are PMP certified, a higher number of projects are built on time, within budget, and within scope.

Additional studies provide supporting evidence that high achievement and success may be directly linked to employing PMP certified project managers. Project success rates tend to be blended with the project manager’s qualifications and experience. PMP certification is seen as evidence of possible success and continues the most recognized project management certification worldwide.

Conclusion

In summary, some people might view PMP certification as expensive, time-consuming, and challenging. But, many hiring experts treat PMP certification as an essential credential that adds credibility to your resume. Further, it aids you to build the vital skills required to excel in your career.

So yes! PMP certification is worth the effort.