We have not added the sixth head in the table assuming that you will crack the PMP exam on the first attempt. The table below gives a quick snapshot of the first five cost heads. They are described in detail in the following sections. There are seven major cost heads or components of getting PMP certification. You can read about its benefits in one of the subsequent sections. It is the most popular project management certification and there are over a million PMP-certified professionals all over the world. It can be done by project managers from any industry including manufacturing, healthcare, construction, and information technology (IT). PMP certificate demonstrates that you have knowledge, skills, and experience for leading and directing projects. Passing the exam requires extensive study and preparation. You need to meet the eligibility requirements before you can apply for the PMP exam. PMP certification exam is conducted by PMI. PMP is a professional certification, which is awarded after passing a very tough exam. Download The Complete PMP Certification Guide now. Learn more about the PMP certification process. PMP vs Non-PMP Salary: Top 10 Countries with Largest % of Increase in Salary When you consider the high return on this investment is your future as a project management professional, pursuing this path is worth the cost and effort. Ultimately, earning your PMP certification is a smart decision and a wise move for your career. It’s in the best interest of your employer to have trained project management professionals on their team, so they have the incentive to help. Many companies may cover some or part of your PMP certification cost. One option you can consider is talking to your employer about the cost of the certification exam. So, a minimal investment now will pay off in the future as you continue to increase your earning potential. However, to put it in perspective, PMI estimates that project managers who have their certification make about 20 percent more than their peers without a certification. Obviously these costs may vary based on your training choices, but overall this is the amount you can expect to pay. PMP Certification Cost How Much Does Maintaining Your PMP Certification Cost?Īfter an in-depth look at the costs associated with earning your PMP certification, it’s time to ask the big question: is earning your PMP certification worth the cost? In total, you could be facing a cost of about $2,400 to $2,500. Think of this as an insurance policy on your investment in PMP training. Training providers that do this demonstrates both confidence in their course and how well they are able to prepare PMP certification candidates. Project Management Academy, for example, offers a 100 percent refund if you fail to pass your PMP exam. Top PMP training partners will help you with the audit, which saves you the time and the inconvenience of managing an audit yourself.Ī top training provider will also help protect your investment from another perspective – a money-back guarantee. PMI has the right to audit your materials at any time, which makes it important that your training provider choice is the right one. When you apply to take the PMP exam, you must show proof that you completed the training requirements. To ensure that you’re making a sound investment in your PMP training, you should work with a reputable training provider. While 35 hours seems like a lot of training, you’ll leave these sessions having fulfilled your training requirements and also feeling prepared to sit for your PMP exam. Although there is some work to do to maintain your PMP certification, this initial training cost is likely the highest PMP-related cost you’ll have to pay.įrom a time perspective, you can expect to spend about an hour for every project management education earned (around 35 hours in total). These training courses generally cost around $2,000. To be eligible for the exam, you must earn 35 hours of project management education OR CAPM certification. First, let’s look at what the training requirements entail. PMP exam training requires an investment as well, both in terms of PMP certification requirements and time commitment.
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