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Project Management Professional (PMP) is a globally accepted examination-based credential program. PMP certification is an industry-recognized credential for project professionals. PMP is offered by the Project Management Institute, known as PMI. PMI is a US non-profit professional organization.
PMP is the most sought-after certification administered by the Project Management Institute. PMP-certified project managers are preferred by the government and commercial organizations to improve the success rate of projects. A PMP credential is considered a respected and reputed credential globally.
Read Also: What is Project Management and Why is it Important?
PMP was the fifth highest-paying certification in the year 2016. The PMI’s standard for project management is contained in the Project Management Body of Knowledge. This Project Management Body of Knowledge is known as the PMBOK, whose first edition was released in 1996 and has recently reached the 7th edition.
Read Also: PMP Preparation Plan
There are two significant reasons why a PMP certificate is essential. They are;
Not a beginner or a fresher can earn a PMP certificate. It is not for everyone. It requires a specific skill set and experience. Let us check out the requirements to gain a PMP Certification:
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In the previous versions of the PMP exam, there were five performance domains as per the Project Management Body of Knowledge (PMBOK). They are as follows:
The domains are now changed to 3 as follows:
Here is the detailed data for your understanding. Given below is the comparison between the old and new formats of the PM;
| Domains | Current ECO | Exam coverage | New ECO | Exam coverage |
| 1 | Initiating | 13% | People | 42% |
| 2 | Planning | 4% | Process | 50% |
| 3 | Executing | 31% | Business Environment | 8% |
| 4 | Monitoring & Controlling | 25% | ||
| 5 | Closing | 7% |
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PMP certification training is available across the countries. Once PMI accepts your application, you can schedule your exam date in the nearest Pearson Vue test center and attend the exam.
Read Also : Project Management Skills
There are several benefits of achieving a PMP certification. A few of those are mentioned below:
Many companies believe that companies can earn better project success with PMP-certified managers than companies that do not have certified employees. Indeed, PMP-certified project managers can carry out higher-performing projects. So, in a nutshell, if you meet the eligibility as mentioned above, your next step to enhance your career in project management is to achieve the PMP certification.
Read Also: Top Skills the PMP Certification Help Candidates Develop
