Today we will learn about the PMP certification India and its importance in the field of IT. So first of all we’ll let you about the PMP Certification. So,
What is PMP?
The PMP stands for Project Management and it is a collection of strategies, expertise, and methods that are often used to help a project meet its predetermined goals. The project manager is responsible for completing and delivering the project on schedule and on budget while protecting the client’s and stakeholders’ interests. Where there is increased competition, the introduction of new methodologies, cost-cutting pressures, and a tight deadline.
Since the challenges for a project manager are becoming more challenging due to stringent quality requirements, PMP certification is becoming increasingly important for any project manager who wants to advance in their career.
What is PMP Certification?
When experienced project managers pass the test, the Project Management Institute (PMI) awards them the PMP credential. The certificate recognizes an individual’s accomplishments, talents, and experience. Both the client and the company benefit from the internationally recognized PMP® certification.
Top 5 Reasons to get PMP Certificate
Before rushing to obtain some certification, the question of “why” should cross your mind; and it should. Before digging deeper into areas like eligibility, goals, and planning, go through the following 5 explanations that address the question – ‘why?’
- By 2027, nearly 22 million new jobs for PMPs will be generated in only 11 countries, including India. By choosing to pursue PMP® certification, you will be contributing to the global demand for 88 million PMPs in various industries. (Anderson Economic Group report).
- When working on large client engagements in many industries, PMP® certification is often a contractual obligation. Any business, such as manufacturing or construction. Because of the additional obstacles to operate in the increasingly volatile global economy, only PMP accredited project managers will be employed in information services, publishing, banking, insurance, management, professional service, oil & gas, or service.
- According to the 9th PMI salary survey (2015), PMP® certification results in a 20 percent salary increase immediately; the survey included approximately 26,000 project managers from 34 countries, with 1,197 respondents from India. According to figures, a PMP certified manager earns around Rs. 17 lakh per year, while a non-PMP certified manager earns around Rs. 12 lakh per year.
- The PMP certification validates your project management knowledge and skills, as well as your track record of effective project management.
- You are seen as more trustworthy to obey the specific standards of ethics as a valued member of a worldwide group of PMP® accredited project managers.
Eligibility to get PMP Certification
If you hold a degree of four years:
You should have a minimum of 36 months of experience in project management which should be non-overlapped. You must have a minimum of 4500 hours of work experience in project management. And you should also have 35 contact hours of formal PMP training.
If you do not hold degree of four years:
You should have a minimum of 60 months of experience in project management which should be non-overlapped. You must have a minimum of 7500 hours of work experience in project management. And you should also have 35 contact hours of formal PMP training.
How to get PMP Certification?
Now we’ll see the steps to get registered for PMP certification Exam. we’ll display the registration process only in 5 simple steps. The registration process is done by the candidate only after checking the eligibility.
1st Step: First you’ll need to sign up and create a new account on pmi.org.
2nd Step: You’ll need to attend 35 contact hours of PMP Certification Training.
3rd Step: Apply for PMI membership to get special discounts on exam scheduling. The PMI membership gives you access to online publications and tools, allowing you to get the most up-to-date versions of study materials such as foundation standards, PMBOK, structure & practice, and so on. Although PMI membership is optional, I strongly advise everyone to do so.
4th Step: After signing up you’ll need to fill the application form before 90 days and submit it. Now the PMI will take nearly about 5 to 6 days for the acceptance of the application.
5th Step: If your application is accepted by the PMI then you’ll need to do the final step i.e payment.
After the payment is done then you’ll be able to schedule the test based on your preparation.
What is the cost of PMP Certification?
Following table describes the actual cost of the PMP Certification.
|Membership Status||Computer Test||Paper Test|
Only the candidate who’re living only 300 miles away from the test center will be able to give the paper based test or the company have sponsored the PMP exam.
How to Schedule PMP Certification Exam?
The driving factors behind scheduling for PMP® certification are strategic planning, in-depth experience, and heartfelt dedication. To comprehend the PMBOK’s principles and norms, you’ll need a lot of time.
According to my experience, a minimum of 3-5 months is needed to sit for the PMP® certification test; however, how much time per day you can devote to PMP® exam preparation is largely determined by the nature of your current employment, work schedule, personal circumstances, and other factors. In addition, the applicant has three chances to pass the PMP® exam within a year of receiving the eligibility ID.
My suggestion is not to extend the exam more than 5 months because you’ll feel down and bored.
The question of How hard is PMP Exam may arise in your mind but the answer is if you prepare well and give your 100% in preparation then the exam will not so hard for you.
Tips for PMP Exam Preparation
The Project Management Professional (PMP) exam necessitates months of training. There is a wealth of research material available both online and offline; the key challenge is to consume the information and put it into practice. The job is difficult, but the following six PMP Prep tips will help you prepare for the PMP exam:
- Prepare yourself for the journey by motivating yourself. Examine the research materials you’ll need to go through. Knowing all of the subjects to be discussed gives you a deeper understanding of how to find the appropriate material.
- The PMBOK® Guide is heavily used in the PMP test. Break down the various information areas of the new PMBOK® guide version and its Appendix, and cover the topics in the planned timeframe to make PMP planning easy and scalable. The main elements of grasping information for long-term gains are principles, attention, and concentration.
- PMP prep workshops are held by a variety of PMP training organizations to enable registered PMP exam takers to assess their readiness. Another significant benefit of attending these workshops is that you will have the ability to enter a group of exam takers and will be able to identify any holes in your training.
- Model PMP exams created with the same standards to assess the applicants are known as online PMP simulators. You also become familiar with the exam setting, making you feel more at ease during the PMP exam.
- The most cost-effective and time-tested method of studying for the PMP exam is to use downloadable electronic flashcards. There are a
- A number of PMP discussion forums where you can participate in online discussions for free.
Sample Questions and Answers
Here are some PMP sample questions which are asked in PMP Certification Exam.
A project has a 60% chance of a $100,000 profit and a 40 percent of a US $100,000 loss. The Expected Monetary Value for the project is:
- $20,000 profit.
- $1,00,000 profit.
- $40,000 loss.
- $60,000 loss.
Ans: Expected Monitory Value (EMV) is computed by EMV = Probability × Impact. Compute both positive and negative values and then add them: 0.6 × $100,000 = $60,000 0.4 × $100,000 = $40,000 EMV = $60,000 – $40,000 = $20,000 profit
If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that the risk event will occur during the fourth month of the project?
Ans: 20 percent.
The 200 multiple-choice PMP exam paper contains questions from a variety of categories, such as short situational, formula-based, knowledge-based, and complex situational questions, but you can finish the line with a good score if you learn good material and follow best practices. Check your ability to answer at least 85 percent of questions to assess your PMP readiness.