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When it comes to boosting a career, certifications like PMP can be a significant game-changer.
The Institute of Supply Management (ISM) reported that nearly 60 percent of PMP-certified professionals received a salary increase within a year of certification - with an average increase ranging from 15 to 20 percent.
It's not just about the Benjamins, though.
PMP-certified project managers also report increased job satisfaction, likely due to the enhanced credibility, recognition, and respect within the industry.
In fact, 71 percent of PMP holders reported higher job satisfaction, according to ESI International's PMP Survey.
But here's the kicker: it's not just about getting certified; it's about what you do with it.
According to the Project Management Institute (PMI), certified project managers who actively participate in professional development opportunities, attend industry events, and engage in networking activities tend to reap the most benefits.
It's not just about having the certification; it's about using it to build valuable connections and stay current in the ever-evolving project management landscape.
One thing is for sure: the PMP certification is not a silver bullet for instant success, and it's essential to have realistic expectations.
The benefits, including promotions and raises, often materialize over time as professionals build their network, enhance their skills, and demonstrate their value to their organizations.
What's often overlooked is that the value of PMP certification extends beyond the individual.
According to a study by the Anderson Economic Group, organizations that invest in PMP certifications for their employees tend to see significant improvements in project performance, including reduced costs, improved timelines, and enhanced quality.
In other words, having a PMP-certified professional on your team can be a win-win for everyone involved.
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ReplyDeleteThe profession of project management has recently become one of the hottest jobs, not only in the tech market, but across industries. Demand for project managers is growing faster than demand for workers in other occupations and by 2027, 88 million individuals will need to be skilled into project management-oriented roles.
The PMP® certification can help you land lucrative roles in IT, manufacturing, finance, healthcare, and other exciting industries. With more than 1 million PMP certification holders worldwide, the median salary for PMP holders across the world is 22% higher than what their non-certified peer earn.
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The PMP is meant for professionals managing projects across all kinds of disciplines - irrespective of whether they are from IT, Construction, Telecommunications, Finance, even Healthcare.
Stripped of all the finery and glitz adorning the PMP Certification, what you should know is that the PMP certification is simply a badge of approval awarded to a project manager by a US nonprofit professional organization for project management called the Project Management Institute (PMI).
This badge of approval in its most simple terms indicates that this particular professional (the PMP credential holder) has a thorough understanding of the principles, tools and processes involved in end-to-end project management, and that his/her knowledge and ability to apply this knowledge to manage projects meets a pre-defined global standard.
Projects are defined as temporary endeavors undertaken to create a unique product, service or result. A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources. Therefore, the PMP can be useful to you if:
You are a manager in a banking firm who implements various financial products in a bank.
OR
You are a construction manager who runs projects that involve constructions of buildings or roads.
OR
You are a manager in the retail industry who is responsible for launching a fashion brand.
OR
You are a manager in the Petroleum industry running projects to setup a new refinery process.
OR
You are a manger in the healthcare industry who has launched new medical equipment from time to time.
OR
You are a person who manages (or had managed) projects full-time in just about any other industry too..
Simply put, the possibilities of managing projects across industries are limitless… and in all these situations, a PMP could be useful for you!
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So to keep this short, if you are an experienced project manager (in any industry, anyplace) who wants to showcase that your project management knowledge and skills are exhaustive and meet the global standard - you can do this by procuring a PMP certification!
The PMP certification helps showcase your project management ability and helps you standout from the crowd - irrespective of which domain or industry you manage projects in.