How Much Does PMP Certification Cost in 2024?

The Project Management Institute (PMI) offers the PMP (Project Management Professional) certification, which is a crucial qualification for demonstrating project management proficiency. It provides a competitive edge across a range of industries by validating abilities, knowledge, and experience. A PMP certification shows a commitment to ongoing professional development and greatly improves one’s chances of landing a job by proving one is capable of managing and leading projects successfully. In this article, let’s explore a detailed breakdown of the PMP certification cost.

What is PMP certification?

The Project Management Professional (PMP) certification is a globally recognized credential for project managers. It’s offered by the Project Management Institute (PMI) and is highly respected in the field.

To earn the PMP certification, candidates must fulfill specific requirements related to project management experience and education and pass a rigorous exam. The certification demonstrates a solid understanding of project management concepts, processes, and methodologies based on PMI’s framework as outlined in the PMBOK (Project Management Body of Knowledge).

Achieving PMP certification involves fulfilling specific criteria and passing a 180-question exam. Crafted by project leaders for project leaders, the exam questions are rooted in real-world project management encounters.

The PMP Exam is offered in multiple languages, including Arabic, Chinese (Simplified + Traditional), English, French, German, Hebrew, Indonesian, Italian, Japanese, Korean, Polish (Poland), Portuguese (Brazilian), Russian, Spanish (Mexico + Spain), and Turkish.

Following, let’s explore the skill set validated by the PMP certification.

The PMP certification affirms your advanced abilities in:

• Motivating individuals and teams at every phase of a successful project.
• Utilizing agile, predictive, and hybrid approaches to determine which strategy is best for each project.
• Presenting project successes and their impact on more general organizational strategy goals.

What is the PMP Certification Cost?

There’s an exam fee involved to obtain the PMP certification.

The examination fee structure for the PMP (Project Management Professional) certification typically varies based on whether the candidate is a member of the Project Management Institute (PMI) or not.

PMP Exam Cost:

• For PMI Members: $405 USD
• For Non-PMI Members: $655 USD

Edureka’s PMP Certification Training Course, a live online preparation for the PMP Exam, is priced at ₹13,999.

• Obtain 35 Contact Hours through Instructor-Led Sessions
• Earn 35 PDUs – PMI® Approved
• Taught by PMI® Authorized Instructors

What is the PMP Certification Renewal Fee?

The renewal for PMP certification is different for both PMI members and non-members, as mentioned below:

• For PMI members, the renewal fee is $60 USD
• while for non-members, it is $150 USD.

Who is Eligible for the PMP Exam?

Getting PMP certification is a big deal and makes it more valuable. If you have actual project management experience, you’ve cleared a big hurdle. Before you apply, check if you meet these PMP Certification requirements:

Option 1:

• Four-Year College/University Degree
• 36 months of project leadership experience within the last eight years
• 35 hours of project management education/training or CAPM® certification

Consider Option 2 if the prerequisites for Option 1 do not align

Option 2:

• High School or Secondary School Diploma
• 60 months of project leadership experience within the last eight years
• 35 hours of project management education/training or CAPM® certification

Not Eligible for the PMP certification?

• You may qualify to apply for the CAPM certification.

Now that we’re familiar with the Eligibility criteria for the PMP Exam, let’s progress to understand How to Obtain Your PMP Certification.

How to Get Your PMP Certification?

Prepare

Your chances of success increase significantly if you set aside time to study for the PMP certification. There are many different resources available from PMP Certification to help you prepare for the exam.

Apply

Verify your eligibility to take the PMP certification exam. You can set up your exam to fit your schedule once your eligibility has been verified.

Additionally, Sit for the Exam

Once eligibility is established and the exam fee is settled, you’ll be set to schedule and complete the exam.

Related Learning: PMP Exam Preparation Tips

Why Pursue the PMP Certification at this moment?

CIO Magazine ranks the PMP as the premier project management certification in North America, showcasing sought-after skills, commitment to excellence, and the ability to excel in professional endeavors.

Studies project a need to fill around 2.3 million new project-focused positions annually until 2030. Given the soaring demand for project managers, there’s never been a more opportune moment to obtain your PMP certification.

Finally, let’s explore the reasons for pursuing the PMP Certification at this particular moment.

Key Benefits of Obtaining Your PMP® Certification

Firstly, Increased Earnings

Having a PMP certification often means higher earnings for project managers in various industries and locations.

According to the PMI Earning Power: Project Management Survey—Twelfth Edition (2021), PMP-certified professionals in 40 countries tend to earn an average of 16% more than their non-certified counterparts. In the US, this margin increases to 32%.

Additionally, 22% of respondents noted receiving an annual increase of at least 5%, apart from the initial salary boost.

Also, Expand Your Career Opportunities

Businesses worldwide seek PMP certification, with some mandating it as a prerequisite.

Why the demand? 

PMP is a globally recognized certification that confirms substantial expertise in guiding and overseeing projects, granting access to superior job roles and assignments. Position yourself in high demand by appending PMP to your credentials.

Crafted by project experts for project leaders, PMP validates the essential project management competencies sought by employers. The need for adept project managers grows consistently, so boost your appeal and explore the thrilling prospects available with PMP certification.

Afterward, Connect with a Thriving Community

Acquiring your PMP certification means becoming part of a global network that offers you the chance to:

• Engage with top professionals in your field
• Gain perspectives from peers tackling similar obstacles
• Discover mentors and colleagues who foster your growth

Joining esteemed community also presents opportunities to:

• Become a PMI member
• Participate in local PMI chapters
• Attend PMI workshops across the globe

Through these community involvements, you’ll gain valuable insights from PMP certification resources and other certified PMP professionals. Embracing the community may position you to mentor other professionals as you progress.

This brings us to the end of this blog on PMP Certification Cost. I hope you got the idea of the cost of PMP Certification and the Key Benefits of Obtaining Your PMP® Certification. If you want to get trained in the PMP Certification Course and know the latest PMP Exam Content Outline, consider the PMP Certification Training Course offered by Edureka. PMP Certification is a globally recognized professional certification for project management. 

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