There comes a point in most people’s careers when they begin to think how they can take the next step forward. In the project management industry, many look to the Project Management Institute’s Project Management Professional (PMP) certification for advancement. While the PMP certification is a well respected credential, it is not necessarily right for everyone. So, is getting your PMP certification worth it for you? Here are some generalized benefits and drawbacks to consider if you choose to pursue your PMP certification.
- Getting your PMP certification is certainly not cheap. The exam fee itself is $405 for PMI members and $555 for non members. Prep courses for the exam can range from $1500 to $4000 for 3 months of intensive preparation.
- PMP is becoming more of a fashion than a skill. Some say that PMP certification does not prove you are a great project manager and that what it all boils down to is experience and proven successes over time.
- PMP certification is based on one project management framework (PMBOK). There are other frameworks and methodologies to keeping your project on scope and under budget so it is worth confirming that PMP certification has value in your specific industry.
- PMP certification often offers financial benefits. Those with PMP certification have significantly higher salaries than those without certification. PMP certification may gain you a 20% increased in salary over non certified project managers.
- PMP certification makes your resume attractive. Recruiters often use certification to narrow their candidate pool. Some recruiters even value the certification more than a masters degree because it shows that you have the ability to adhere to strictly defined processes.
- PMP certification helps you learn a common language. Earning your PMP certification can help you in your ability to articulate important components of projects such as project goals, resources, assumptions, and risks. PMP certification allows for better communication with clients and vendors.
After considering the advantages and disadvantages of pursuing PMP certification, is it worth it to further your project management career? The answer depends on your career goals within the industry. It can definitely help you enter new industries but it’s important to view the process as an investment. Our team of recruiters would be more than happy to help you discuss pursuing your PMP certification. You can contact our team here.