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The Project Management Professional (PMP) certification is offered by the Project Management Institute (PMI), which is the globally renowned world leader when it comes to project management certifications. So much so, that the PMP certification is considered the certification to achieve if you’re an aspiring project manager. From increased salaries to a wealth of networking opportunities, the advantages are many. But this doesn’t mean there aren’t any disadvantages of obtaining the certification. I’ve listed the three most popular ones below:
1. It’s very expensive: Even though certified project managers always maintain that the benefits of becoming certified far outweigh the cost involved, there’s no denying that it’s quite substantial. First, you must register to become a PMI member, which costs $139. Then you have to shell out another $405 towards the exam fees. If you’re not a PMI member, you’ll have to pay $550. Additionally, if you fail in your first attempt and want to retake the exam, you need to pay $275 if you are a PMI member and $375 USD if you aren’t. All this, without even considering the costs of exam materials or online training programs (if you choose to undertake them).
2. It’s tough: Contrary to popular opinion, passing the PMP exam is not just about learning everything from the PMBOK guide (though it’s a very important resource). The exam can add a lot of pressure, as it involves answering 200 questions in just 240 minutes. Plus, these questions don’t just test your memory, but also the practical application of the project management concepts you’d have learnt. This is why some people take several months while others take years before getting certified.
3. It’s time-consuming: Most candidates who get PMP-certified are working professionals, which means that they’re already pressed for time. On top of that, you must document all your project experience, down to the last detail, as a part of your application - and this is just your application. Once it’s accepted, you need to give time towards preparation, which may include enrolling for online courses and mock exams. Finding time for all of this is hard for any working professional.
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ReplyDeleteThe PMP certification is globally recognized and signifies your ability to lead and manage projects effectively. It enhances your credibility and demonstrates your understanding of project management methodologies. Obtaining this certification can open up numerous opportunities for career advancement in various industries.
Does PMP Certification Have Future Scope?
Indeed, owing to a number of important considerations, the Project Management Professional (PMP) certification
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i) High Demand: Through 2027, 2.2 million new project management jobs are expected to be created annually,
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ii) Global Recognition: The PMP is well-respected in the world, which improves earning potential and career chances.
iii) Industry Versatility: PMP provides career security and advancement prospects and applies to various industries, including construction, healthcare, and IT.
iv) Path to Advanced Roles: It acts as a springboard for roles at the senior level, including portfolio and program managers.
v) Continuous Learning: To remain relevant in a changing labor market, PMP demands continuous professional growth.
vi) Networking: Being a part of a worldwide PMP community might lead to cooperation and employment prospects.
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ReplyDeleteThe PMP certification is globally recognized and signifies your ability to lead and manage projects effectively. It enhances your credibility and demonstrates your understanding of project management methodologies. Obtaining this certification can open up numerous opportunities for career advancement in various industries.
Does PMP Certification Have Future Scope?
Indeed, owing to a number of important considerations, the Project Management Professional (PMP) certification
has a bright future ahead of it.
i) High Demand: Through 2027, 2.2 million new project management jobs are expected to be created annually,
indicating the growing need for qualified project managers.
ii) Global Recognition: The PMP is well-respected in the world, which improves earning potential and career chances.
iii) Industry Versatility: PMP provides career security and advancement prospects and applies to various industries, including construction, healthcare, and IT.
iv) Path to Advanced Roles: It acts as a springboard for roles at the senior level, including portfolio and program managers.
v) Continuous Learning: To remain relevant in a changing labor market, PMP demands continuous professional growth.
vi) Networking: Being a part of a worldwide PMP community might lead to cooperation and employment prospects.
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