***** Note added on Feb 24, 2010 *****
I found a blog containing further details about the PMP certification, Read all here...
***** End of Note *****
I’m reading a lot on my business and profession, and using different methods to receive notifications when new interesting articles gets published on the web, such as newsletters and RSS feeds updates. Recently, I’ve seen lots of discussions and questions about PMP: What is the benefit of having PMP certification (for the employers or for the employee/consultant), what does it takes to become PMP certified, etc. So, I’ve decided to provide a little summary here of what this is all about and where to find additional information from official well documented sources. Feel free to post comments at the end of this post, or to contact me by email.
For Who & Why??
- Growth of PMP’s since 1995
- PMP is 7th on the 10 best IT certifications – December
2008 - Better salary. PMPs typically have attractive salaries, which are 10-20% more than the uncertified counterparts.
- Employers who use PMPs are assured that they have
hired Project Managers who have a core competency in Project Management and the requisite experience to perform as a project manager. - Studies have shown that projects managed by people who are not certified Project Managers have only a 25% chance of success, whereas projects run by those who are knowledgeable in Modern Project Management tools and techniques - as are people with the PMP certification - have a 75% success rate.
The Value of Credential per PMI
Click here for the PDF format of this chart
What is PMP certification?
The PMP Credential was established in 1984 in order to recognize practitioners’ skills and knowledge in the field of Project management. Passing the Project Management Professional(PMP®) Certification Exam, along with experience and education, is key to achieving the PMP Credential.
What is PMP about and its requirements?
Candidates must complete Project Management Experience Verification Form(s). The Experience Verification Form is used by candidates to properly document and report project management experience. There are two sets of experience requirements depending on whether or not an applicant holds a baccalaureate degree:
- For candidates who hold a baccalaureate degree:
4,500 hours minimum PM experience gained within the last 8 years prior to application and covering at least 36 unique, non-overlapping months are required. At least 35 contact hours of specific instruction that addresses learning objectives in project management.
- For candidates who do not hold a baccalaureate degree:
7,500 hours minimum PM experience gained within the last 8 years prior to application and covering at least 60 unique, non-overlapping months are required. At least 35 contact hours of specific instruction that addresses learning objectives in project management.
How?
Candidates must complete a PMP Certification Examination Application. Once the application and fee have been processed, PMI will electronically send the Examination Scheduling Instructions, confirming that the applicant is eligible to take the exam. The exam cost is:
- US$ 555.00 ( Non-PMI® Member )
- US$ 405.00 ( PMI® Member )
Most people require the following amount of time at minimum to complete the credential applications:
- 10 days/weeks for PgMP
- 8 hours for all other PMI credentials
When & Where?
Once eligible to take the exam, you have one year to prepare for the test and schedule the date & location of the exam at a Prometric centre. The exam is made of 175 multiple- choice questions to complete in 4 hrs maximum; which is around 1.4 minute per question, and get your score results printed immediately. The exam may be taken three times within the eligibility period should applicants not pass on the first attempt. PMP Prep students should expect to spend around 40-50 hours studying for the exam in addition to the time spent in the classroom.How to maintain PMP credentials?
To maintain the PMP qualification a number of 60 professional development units (PDUs) must be earnt over a three years cycle, from activities such as researching, authoring articles or speaking on Project Management related topics or being engaged full time in a project management.
References
- Wikipedia: To get a short description of CCR, relation with other accreditations and training programs, references and links to useful sources available on the web, read this page on Wikipedia.
- Project Management Institute (PMI): To read details about CCR from the official source, read PMI’s information about CCR here.
- PMP® Password – June 2008: The June 2008 publication
(sent to PMP exclusively) is about overcoming challenges in participation to
professional development activities for PMP who are required to complete their
CCR to maintain their accreditation. - PMP versus CAPM exam
- Project Management Institute Publications:
- PMP® Passport: This e-newsletter is distributed
exclusively by PMI to PMPs, quarterly, and focuses on the needs of individuals
who have attained the PMP credential and the project management community. - PM Network®: Award-winning monthly magazine that
covers trends, tools, techniques and best practices - PMI’s Career Track: Biannual publication delivered
with PM Network that helps practitioners plan and advance their careers - Leadership in Project Management: Award-winning
publication that helps readers build leadership skills; features advice and
lessons learned from top executives - Project Management Journal®: PMI’s quarterly
peer-refereed academic and research journal - PMI Today®: Monthly newsletter delivered with PM
Network that keeps members up-to-date on Institute news and events - Continuous Credential Requirements - CCR
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