2. Whereas project manager without PMP certification earns INR 13,22,054. PMP exam prep courses vary in cost. Adds value to your resume ADVERTISEMENT CONTINUE READING BELOW Recruiters hiring in the position of a project manager would undoubtedly take a chance to shortlist yours if you are PMP certified. The content is large and the time is tight. There are many advantages to taking the PMP certification examhere are six that are impossible to ignore. According to a report from the Project Management. The skills with agile techniques of an individual. As a project manager, this project manager certification would help you have better chances of completing the projects successfully. Benefits of the PMP Certification to organizations Increased Revenue: Organizations that use project management tools often meet their goals, deliver timely projects, work within their budgets, and satisfy their clients. In 2016, it was about $87,500. PMBOK is a collection of principles and strategies in the field of project . There are also benefits for companies who hire those with PMP certification over those without. Here are the 9 awesome benefits of PMP certification once you succeed to earn it. The Benefits of PMP Certification. Benefits of PMP Certification Global Recognition Enhanced Knowledge Increased Project Success Increased Responsibilities Increased Salary Is PMP Certification Worth It Benefits of PMP Certification. Project management is essentially the practice of turning ideas into reality. A brief overview of these benefits include: Global PMP Recognition - International clients and partners recognize PMI's PMP certification as a highly professional credential, allowing these certified management leaders to become more flexible in global business. The Google Project Management Professional Certificate is designed to prepare individuals for a new career in the high-growth field of project management. You are a certified expert in a field which ascertains that you will hold a superior position than the one without a credential. A goal without a plan can set you up for hours, weeks, or even months of busy work. Benefits of Best Project Management Certifications: You can get high-paying employment with a PMP certification. High Salary. By earning the PMP certification, project managers can feel confident in their role, as they have the specific knowledge and skills required to function in this career based on industry-wide standards. This credential validates a professional's education and experience. Benefits of PMP certification include industry recognition, learning new skills, increased job prospects and higher earning potential. For Project Managers Credibility Employers want highly motivated individuals who are . - Quora Answer (1 of 51): According to PMI, the PMP credential "demonstrates to employers, clients and colleagues that a project manager possesses project management knowledge, experience and skills to bring projects to successful completion." So why get the PMP certification? Increase in Salary 3. Increase in Self-Confidence 5. The PMP exam costs $405 for PMI members and $555 for nonmembers. Benefits of PMP: Credibility: As PMP follows international standards in terms of assessing and evaluating the candidates, it is not easy to clear the PMP exam , hence its credibility is acknowledged across the globe. This professional certificate includes 6 courses: Foundations of Project Management, Project Initiation: Starting a Successful Project, Project Planning: Putting It All Together, Project Execution: Running the Project, Agile Project . There are a few ways to get the necessary 35 contact hours of project management training required to sit for the PMP exam. For PMP a project manager needs to go through extensive 35-hour project management training. PMP certification is a smart move. The certification can help you demonstrate your mastery of the eight core topics of the PMP Examination and provide opportunities for career advancement. So, we can include this in PMP certification benefits as well: PMP is an enabler of fast-paced growth within your career. This often leads to an increase in revenue. High Demand for Project Managers 4. Project managers can highly benefit from gaining certification. In this article, you will know the top benefits of getting the PMP certification. Validates PM Knowledge and Skills 7. Earning the CAPM credential demonstrates certifiable competency in the fundamentals of project management. It will make you a leader in your field and inculcate the leadership qualities in you. Large Professional Network 7. To qualify to take the PMP exam, candidates must have completed either 35 hours of formal . There are numerous benefits that result from becoming PMP certified, not only to your career, but to your confidence and ability as well. The PMP certified professional comprehends the accepted project management framework, communicates with the clients and vendors in a processed and harmonized manner. With a Schedule Management Plan, the project manager can use pre-determined mitigation steps to address deviations . Benefits for Individuals: Confirms mastery of project management principles and best practices. Benefits of CAPM Certification 1. 2. Here are the top benefits of a CAPM certification to consider. Another one of the PMP Benefits is that you would be recognized among your peers and join the elite club of PMPs who have global recognition for their knowledge. Project managers seem to be focusing on getting PMP certified for an array of reasons. Passing the PMP exam is not an easy task. Enhance your Organizations' Marketability 10. Get Higher Job Responsibilities 7. But, among all of those, PMP certification is the most valuable There are several professional certifications that you can pursue throughout your career. Related: Top 11 Most In-Demand Certifications in Management. Here we have enlisted some of the major Benefits of PMP Certification: Ensures industry recognition; Contributes to increased income; Assists you in learning . 3-) PMP Certification Benefits - You Earn ~20% More PMP certification has high standards and passing a PMP exam is not a piece of cake. Below are highlighted top 13 benefits of been PMP certified Opportunity for substantial increase in pay Provides international Industry recognition Helps you learn important skills that sets you apart Adds real value to your resume Provides awesome networking opportunities Boost credibility Better job opportunities Another way is to become a member of a professional organization such as the Project Management Institute (PMI). . . Currently, the average base pay for project managers is more than $90,000. It's not only a matter of higher potential salaries across the arc of a career. Is it worth getting a PMP certification? The Schedule Management Plan is a key element of a project's overall Project Management Plan. The Project Management Professional certification helps professionals to have better job opportunities. It will help you in gaining leadership qualities: PMP certification prepares you in such a way that you are able to evaluate the skill and talent of your own as well as others. . Professional Achievement 5. It is against the PMI-PMP Certificate which covers more general topics of project management. 3. One way is to find a course offered in your local community, or online. 1.) Here are the main ones that our students tell us have helped them advance in their careers. While there are many advantages of CAPM certification, one of them is that it provides significant added value to your portfolio. Demonstrates Your Level of Dedication. Implement the Latest techniques. Acquire New Skills 8. Thus, PMI-ACP Certification can be beneficial to you because of its increasing demand and can provide you with better job opportunities for career advancement. PMP professionals with one to five years of experience can expect to . Project Management Professional (PMP) certification can make you stand out against the competition in the field of project management. Combining the top three project management approaches including agile, predictive, and hybrid, you will be able to learn and gain expertise when managing complex projects. Global Recognition 2. PMP certification benefits individuals who want to pursue careers in project management or who want to demonstrate their commitment to the profession. Note: If you decide to for the PMP exam then you should read our step-by-step guide to attain PMP certification. This ensures the scope, schedule and budget are accurately set from the start. Table of Contents Top Advantages and Benefits of PMP Certification 1. 1. Helps Your Resume Stand Out. The focus of the certification is on applying agile approaches for project execution. PMP Certification Benefits to Organizations. Benefits of PMP certification. It delivers real value in the form of professional credibility, deep knowledge and increased earning potential. The CAPM Credential, launched in 2003, is based exclusively on the PMI system, as described in the Project Management Body of Knowledge. This certification can give you a competitive edge over . A Project Manager Professional (PMP) is an individual who has earned an industry-recognized project manager certification from the Project Management Institute (PMI).. The advantages of PMP certification include: Your career will benefit from a PMP certification in terms of advancement and pay increases. When compared to project managers without a PMP . Healthy Earnings and Compensation 2. Therefore, most of the employers prefer PMP certified staff in their field of business. Sets You Apart Once you attain the PMP certification it equips you with the deep knowledge of how to efficiently execute any project which sets you apart from the other candidates when applying for a job in any industry. While you can succeed without a certificate, accreditation can help you in four key ways: Contributes to Higher Billing Rate Thomas Barwick / Getty Images However, there are numerous benefits of being a certified PMP, not only to yourself but also, to your organization. Career Growth This training will help you tackle complicated assignments. 1. And those benefits have staying power. Improve Project Success Rates 8. It reduces the chances of losing a project as there is a common understanding of each process and technique. Improved Efficiency. In today's time, many organizations across the globe are looking for project management professionals who are talented and experienced and having PMP certification as well. Get Global Recognition 2. What are some of the advantages of getting PMP certified? According to the survey, it was the highest-paying certification in the year 2016. BENEFITS OF PMP CERTIFICATION Globally recognized certification To become a better project manager because the best practices have been included from myriad project managers across the globe Increases the success rate of your project as you become more organized Minimizing resource utilization and making a project cost effective PMP certification gives you knowledge of advanced risk management skills that can help you identify and assess the probable risks and ways of mitigating them. A PMP certification is viewed as a must for project managers, but project management training and certification benefits other professionals at all levels of an organization. Better Job Opportunities 4. Certification Benefits: Project Management Professional (PMP) The Project Management Professional (PMP) is an international certification of project management. Enhance your Project Management Knowledge 3. The usual learning task is also very tight. Year after year, the PMP certification has garnered global recognition and commanded a higher salary for PMP certified individuals over non-certified individuals. Improve Customer Satisfaction 9. Employees will of necessity learn the PMBOK, which they wouldn't have done if they are not PMP certified. PMP Benefit I: You Will Learn Many New Skills This is the most important benefit of PMP certification. The credential can also help employers identify candidates with the necessary skills and knowledge to succeed in Project Management roles. Learn to Speak PM Language 10. Benefits of PMP Certification. According to market research, project management skills are in high demand in almost all organizations and industries. Enables better job performance. Gives Credibility 6. Enhances career/promotion opportunities. Enabling a project manager to accurately determine the requirements of a project and to assess the available resources and make best use of those resources. Cross-Functional and Cross-Industry 5. Respect and Recognition 9. It requires lot of hard work to study the PMBOK and to pass the exam, so without any doubt the employers first choice for hiring project managers goes to PMP holders, moreover the . The benefits of PMP certification for organizations are summarized in this infographic: Enhanced business acumen for better decisions The impressive job potential is a reflection of the positive impact, including increased efficiencies, realized cost-savings, and improved morale, that competent Project Managers can have within an organization. Since project management jobs are considered to be in demand highly and are considered to be competitive, hiring a PMP-certified candidate would be an asset to your company. The below listed points, will explain and educate on the benefits of PMP Certification: With an accreditation in your resume, you certainly command a better payroll. The course helps professionals in gaining the requisite project management skills and knowledge to gain business and strategic knowledge, that helps you to land better-paying jobs. Better career opportunities. 1. Here are some of the benefits of a PMP certification course: PMI-ACP is globally reputed and recognized and has Wide scope: PMI-ACP Certification, unlike few other agile certifications, is not limited to a single method. Advance Problem-solving Skills Collaboration Made Easy: This increases product quality, which is beneficial for you as a PM, the team, and the organization too. According to the Project Management Institute's 2017 Project Management Salary Survey, the median salary for project professionals with a PMP is 25% higher than those without PMP certification, and this boost in salary amplifies over time. Check Also: How Difficult is the PMP Exam? PMP enables you to become a good Project Manager as it teaches you the best practices inculcated by many PM's across the globe. Especially for those looking to advance in their careers. A PMP Certification opens doors to outstanding career opportunities for professionals in any industry or location. It's expected that by 2020, nearly 1.57 million new positions will be created globally for project managers. Salary increase. Becoming cost effective with minimum resources. Having Better Project Manager The first benefit that comes to mind at any time is that companies will now have improved project managers. Benefits of PMP certification. The PMP certification from Project Management Institute (PMI) is widely considered the gold standard for project management. PMPs in . Increased earning potential Greater career opportunities Better project success rates A larger professional network Improved project management skills Enhanced credibility Passing the PMP exam opens new doors in your career and increases your earning potential. The PMP certification is designed to make you a better project manager. It provides guidance to the project manager and project team on how the project schedule will be developed, maintained, and controlled. The certification process provides you with the required knowledge to complete projects with minimal obstruction and optimal success. You will enhance your career opportunities As a member, you will have access to . Adds value to the resume There are several professional certifications that you can pursue throughout your career. If you spend time and money on a PMP certification, you should know its benefits. Keeping your knowledge sharp is the name of the game, so you do need to retake the exam every five years which consist of 150 multiple choice questions, completed in 3 hours. The PMI Agile Certified Practitioner (PMI-ACP) formally recognizes the knowledge of agile principles. 1. Moreover, it enriches the candidate's project management skills and displays their ability to manage and lead challenging projects. By hiring PMP-certified applicants, the latest tricks, as well as tactics in project management, would be applied. Accomplish goals faster. Interviewers looking to fill in a position of a project manager understand this. A PMP certification proves to employers that you not only have the background needed to complete tasks laid before you, but you're also incredibly skilled and knowledgeable about project management and have proven so through a certification process. Enhanced Confidence. 2. Be sure to consider the many benefits of pursuing PMP training: You need to practice and make sure that you are ready to crack the exam. The Project Management Professional (PMP) and Certified Associate in Project Management (CAPM) is among the certifications offered by the Project Management Institute. Benefits of doing a PMP certification 1. Meanwhile, the PMP certification is for working professionals with extensive experience as project managers who wish to further their careers. Benefits of PMP Certification to Employees 1. Benefits and Advantages of PMP Certification 1. They will prioritize profiles with PMP certification over those which do not have such certification. Benefits of PMP Certification PMP serves as an unprejudiced endorsement of your Project Management knowledge and professional experience at a global level. Project Management Certification is a popular certificate which will give you an edge in your career. PMP is a certification that ensures increase in knowledge and growth. It Is A Professional Achievement 4. Recognizes growth . Here are 10 benefits of PMP certification. PMP Certification Expresses Credibility The first thing your employer looks at when you are applying for a job is the CV or Resume. Benefits Of PMP Certification. Team leaders, continuous improvement and quality specialists, business analysts, process engineers, product consultants, IT professionals, and even those in the C-suite . Some of the benefits include: 1. Succeeding paragraphs enumerates PMP certification benefits to organizations. There's a reason project professionals in more than 200 countries have earned and maintained their PMP certification. Project Management Training Benefits At A Glance. There are many benefits from passing your PMP certification exam. But, among all of those, PMP certification is the most valuable certificate programme. In fact, PMP Certification is especially beneficial to global organizations due . PMP certified project managers . Who Should Attend: If you are experienced in project management and have experience leading & directing teams, then the PMP certification is a good choice for you. Higher salary. PMP is a well-known and respected credential that is considered essential for Project Managers. 1. Benefits of PMP Certification The common benefits that any aspirant looking to make a career in Project Management include the following: Global Recognition Financial Well Being Advanced skills and knowledge Market Recognition and Job opportunities Application across all industries Some of the benefits include: Confidence in the industry. Adept project managers are more in demand than ever before. Another advantage of learning PMP is to test your learning ability; After graduation for many years, I haven't studied such a systematic body of knowledge for a long time. Furthermore, the survey also reveals that salaries of PMP-certified . It's apparent that earning the Project Management Professional (PMP) certification is beneficial for project managers. Programs Higher Salary Potential 3. I took the exam. The benefits of a PMP certification are not just limited to career benefits but also personal gains such as increased confidence and self-esteem. Globally recognized certification. Here are some of the benefits of . Its benefits include high market value, increased credibility and in many cases, a higher pay. The exam time is still up to 4 hours. Once obtained with this prestigious credential, it can help candidates earn more while also increasing their chances of being promoted into leadership roles or higher positions within organizations. The CAPM is for project management students or current project managers with little experience in the field. Helps you to organize yourself and the success rate grows. Top Benefits of PMP Certification in 2022. Despite everything you have done, the PMP certification certainly gives the best credibility to your skills and eligibility. PMP certification also gives you access to a network of other certified project managers who can provide support and guidance, and it can help you earn a higher salary. The upfront time and small cost investment is required, however this provides endless benefits to your own self-growth and to colleagues at your place of work. More than 80% of high-performing projects demand PMP certified project managers . Better Career Opportunities 6. The maximum salary of professionals with 20 years of experience as reported is INR 35,00,000. Scarcity of Certified PMPs 6. Learning how the pros plan, budget, prioritize, and execute projects will help you do the same in your personal and professional life. Also read: PMP Certification Application Process. The project management industry is set to grow by $6.6 trillion by year 2020, with over 41 million available jobs predicted. 5. PMP certification is globally recognized and demonstrates that you have the experience and education to lead and manage projects. In the 2018 Project Management Salary Survey conducted by the Project Management Institute (PMI), about 70 percent project management professionals revealed an increase in salary in the past 12 months. The PMP Certification adds more value to the persons profile and helps them to climb top ladders in any organization than of their non PMP Certified peers. Students or current project managers and vendors in a processed and harmonized manner is for project managers are in... Are accurately set from the start which they wouldn & # x27 ; s not a... The time is that companies will now have improved project managers a processed and harmonized manner that are to. 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