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Project Management Professional (PMP) is a well-known certification provided by the Project Management Institute (PMI) for the practitioners who are seeking to validate their project management knowledge, experience, and skills to bring projects to their successful completion. This certificate is highly demanded and recognized by the companies all over the world that can give a significant push to your career.
Important Info: Target Audience and Requirements
To get the PMI PMP certification, you need to pass one exam that is designed for the professionals involved in project management. These individuals are the seasoned project managers who are usually responsible for all the aspects of project delivery, directing, and leading cross-functional teams.
There are certain formal prerequisites that one needs to meet to earn this certification. First of all, you should possess a high school diploma, Associate’s degree, or a global equivalent. In addition, you must have 5 or more years of unique and non-overlapping experience managing projects and attend project management training for 35 hours. Alternatively, the individuals need to have a Bachelor’s degree or a global equivalent as well as 3 years or more of unique and non-overlapping experience actively involved in professional project management. Additionally, the applicants must possess at least 35 hours or more of project management education. The third option implies that the candidates have a Bachelor’s degree or a Master's degree or its global equivalent. Also, they should have two or more years of experience managing projects as well as attend project management training for 35 hours.
To pass the PMI PMP exam, the students should demonstrate their knowledge and skills in defining the high-level space of the project depending on the business requirements; presenting the project plan to the main stakeholders for approval; achieving the project deliverables within a specified schedule and budget; communicating the status of the project to the key stakeholders; working with the customers and sponsors to obtain the final project deliverables.
Essential Facts: Exam Format and Structure
Within the certification process, the applicants need to submit an application on the official website confirming their education and professional experience. Once this application is reviewed by the PMI, one receives a notification by e-mail. After that, the learners can proceed with paying and scheduling the qualifying test. You can take the PMP exam at a testing center as a computer-based option for $405 if you are already a PMI member and $555 if you are not a PMI member.
The PMI PMP certification exam consists of approximately 200 multiple-choice questions that the candidates need to solve. About 25 questions are usually used as the pilot ones and are never counted towards the final score. These pilot questions are placed randomly throughout the exam, making it hard for the students to identify which ones are they. The test is known to be available for the individuals in the English language.
The PMP exam evaluates the learners’ understanding of a wide range of topic areas. The skills measures in this certification test are combined in several objectives that are listed below. They are:
- Initiating (13%)
Within this first domain, the questions assess the candidates’ knowledge and skills in performing project assessment based on the available information, collaborating with the relevant stakeholders so as to support the assessment of feasibility of new services or products within the given constraints or assumption. Also, within this objective, the examinees need to show their proficiency in identifying major deliverables depending on the requirements of the business; using the appropriate tools and techniques to perform the stakeholder analysis; identifying risks of high inflation, constraints, and assumption; analyzing and compiling gathered information to participate in the development of a project charter; obtaining project charter approval; conducting benefit analysis; informing the stakeholders of any approved project charter; etc.
- Planning (24%)
Answering the questions from the second topic, the test takers have to demonstrate that they are capable of assessing and reviewing exact project requirements, assumptions, and constraints with the stakeholders; establishing detailed project deliverables so as to use requirement gathering techniques; creating a scope management plan; managing the scope of the project; establishing the project schedule; managing timely completion of all projects; creating the human resource management plan; defining the responsibilities and roles of the project team members; creating the communication management plan depending on the stakeholder requirements and the project organizational plan; creating the procurement management plan depending on the project scope schedule, and budget; creating the quality management plan and defining the quality standards for the project and its products; creating the change management plan; planning for risk management; presenting for the risk management; conducting kick-off meeting and communicating the start of the project; creating the stakeholder management plan; and so on.
- Executing (31%)
This topic validates the abilities of the individuals in acquiring and managing project resources through following procurement management plans and human resources; managing the implementation of the task according to the project management plan; executing the quality management plan; performing approved changes and corrective actions in accordance with the change management plan; executing approved actions in accordance with the risk action plan; managing the flow of the information plan in accordance with following the communication plan; maintaining the stakeholder relationships according the stakeholder management plan.
- Monitoring and Controlling (25%)
This subject area is all about assessing one’s skills in using techniques and tools to measure project performance so as to identify and quantify corrective actions and variances; following the change management plan to manage changes to the project; verifying that the project deliverables are conforming to the established quality standards; using the appropriate techniques and tools to meet the business needs and project requirements; monitoring and evaluating risk by determining whether the exposure has changed; evaluating the effectiveness of response strategies; managing the impact of opportunities and risks on the project; reviewing the issue log; determine the appropriate corrective actions; minimizing the impact on the project; monitoring procurement activities on the basis of the procurement plan; etc.
Alluring Bonuses: Job Roles and Related Salaries
After obtaining the PMI PMP certification, you qualify to apply for a variety of job roles. Some of the most popular titles for the holders of this sought-after certificate are as follows:
- Design Engineer
- Project Coordinator
- Project Engineer
- Project Manager
- Project Planner
With the PMI PMP certification, you have more chances of getting a decent salary. The certified professionals can earn an average annual salary of $109,404. This certificate requires an investment of your time and money. However, by looking at the career opportunities it offers you, as well as good pay, job stability, flexibility, you can conclude that this certification is worth every penny.
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