Price Breakdown and PMP Certification Cost
Specify PMP.
It is a project management professional credential that is acknowledged globally. The PMP certification is given by the Project Management Institute (PMI).
The PMP designation represents the demonstrated education, experience, skill, and competency required for leadership. This certification is one of the most prestigious or Gold Standard credentials offered by the Project Management Institute (PMI) of the United States.
Similar to how the CPA credential attests to your ability in accounting, the PMP credential certifies your project management abilities and recognizes the effort you have already expended. The certification's three-year expiration date. As of August 2019, PMI reported 300 chartered chapters and approximately 932,720 active PMP-certified individuals worldwide.
In 1969, the nonprofit organization PMI was founded. Training, networking, strict project management standards, and the availability of a joint discussion forum are always helpful to its members.
It's crucial to remember that the PMBOK guide is updated every four to five years. The process is carried out by a group of highly qualified experts in addition to the ANSI members. In Philadelphia, Pennsylvania, in 1984, the PMI received a member certificate for the first time. Since then, there has been a consistent rise in the number of qualified PMPs. Now that you know more about the PMP let's discuss how much the certification will cost.
PMP Certification Fee
Do you want to know how much a high-quality PMP costs? Depending on the country, the PMP might cost between $300 and $5,000 to get 35 PDUs.
For the PMP exam, computer-based testing (CBT) costs $555 for non-members and $405 for PMI members. In many organizations, employees usually have the opportunity to earn professional certificates and educational benefits.
Reexamination Fee Structure:
- for PMI members, $275
- $375 for non-PMI participants
If an applicant chooses to join PMI at the time of application, the $555 PMP fee will cover both the exam and membership costs.
It's noteworthy to note that even if a person chooses not to join PMI, the cost of the PMP exam must still be paid.
Therefore, we urge you to apply for the PMI membership option to make paying for your PMP course price more convenient.
After examining the price of the original certification, let's learn more about the PMP certification renewal fee.
How much are the PMP renewal fees?
When the concerned person receives the notification, PMI gives them instructions on paying the fee for the PMP certification renewal using the online certification system.
PMI Members Pay $60 for CCR Renewal; Non-Members Pay $150
The cost of renewing a PMI certification differs from continuing membership. A candidate may complete the renewal process at any point throughout that cycle after meeting the PDU requirements by providing the required funds no later than 90 days after the cycle's end date.
PMI will provide the applicant with a revised certificate with the new active certification/CCR cycle dates after processing the completed application and the renewal payment. The delivery of the paper by mail typically takes six to eight weeks.
PMI certification holders must agree to adhere to the terms of usage, which include adhering to the audit requirements. The candidate won't be allowed to renew certification in the event of an audit until the audit is finished and all rules and regulations have been followed.
Process
A set of PMI certification holders will be chosen at random by the PMI for the audit process. During this time, a candidate must submit supporting evidence to verify any PDUs.
Therefore, a candidate must keep all PDU claim records for at least 18 months after the CCR cycle.
What Purpose Has a PMP Certification?
The PMP increases your career possibilities by giving employers concrete evidence that applicants have the skills and background they're looking for.
Reexamination fees
- for PMI members, $275
- $375 for non-PMI participants
To pass the exam, the willing candidate must answer multiple-choice questions. The candidate has four hours to respond to 200 questions. The exam is offered in 13 different languages throughout the world.
The PMI developed the test to assess a candidate's management ability in five critical areas. The fields and distribution of the questions are as follows:
- Beginning the project, planning it, and completing it (30)
- project monitoring and management (25) the project's conclusion (8)
Now that we know the price of the PMP Certification, let's examine a few reference books that can help us prepare.
Study aids for the PMP exam
Any of these two books can be used by applicants to study for the PMP exam:
The PMP Exam: How to Pass on Your First Try, Sixth Edition, was prepared by Andy Crowe, the founder, and CEO of Velociteach, a leading provider of project management training and exam preparation.
- PMP Exam Questions, Answers, and Explanations
- - Written by Christopher Scordo, the founder and managing director of PMTraining.
Learn more about PMP certification in the next video, followed by the top 10 justifications for doing so.
Furthermore
You can seek assistance from SPOTO if you want to fully prepare for the PMP and strengthen your competitive edge in the IT sector. PMP offers helpful online courses that can help you prepare for your certification. Kindly click it!
