Team Study Hub Jan 25, 2024
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An Introduction to Project Management Professional (PMP) Certification

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 for 2023

Why is a PMP Certificate Necessary?

There are two significant reasons why a PMP certificate is essential. They are;

  • A PMP Certification can benefit you as an employee.
  • A PMP-certified professional is considered an asset to an organization.

Who Can Earn a PMP Certificate? 

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: 

  • A four-year degree or secondary school diploma or equivalent 
  • Three years of leading projects with a four-year degree or Five years of experience for aspirants holding less than a 4-year degree 
  • Thirty-five hours of project management in education/training. 

Read Also: Project Manager Salary Guide

PMP Certification Exam Content

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:

  • Initiating the project 
  • Planning the project 
  • Executing the project 
  • Monitoring and controlling the project
  • Closing the project 

The domains are now changed to 3 as follows:

  • People 
  • Process
  • Business Environment

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%    

Read Also: Role and Responsibilities of a Project Manager

The Pattern of PMP Exam 

  • There are 14 tasks in the People domain, including managing conflicts, leading the team, empowering team members to engage virtual teams, and mentoring relevant stakeholders.
  • There are 17 tasks within the Process domain, including managing communication to determine appropriate project methods and completing projects.
  • There are four tasks in the Business Environment domain, including evaluating project benefits and addressing external business environment changes.

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

Benefits of PMP Certification

There are several benefits of achieving a PMP certification. A few of those are mentioned below:

  • A PMP certificate is a recognition of your excellence
  • It adds value to your resume and increases the chance of getting hired
  • PMP certification is universally recognized.
  • PMP-certified candidates can carry out challenging projects that will further enhance their skills. 
  • Candidates can build their knowledge of changing trends, fundamental project management processes tools, and methodologies with PMP materials. 
  • PMP holders can be in high demand, and PMP-certified project managers can potentially earn more than non-certified ones.
  • PMP holders can broaden networking opportunities to advance their career journey by being part of the PMI global community. 
  • Be it IT, aerospace, government, healthcare or any other industry, certified, PMP professionals can potentially find jobs at any place. 

Let’s Wrap Up 

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

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