According to a recent PwC poll, qualified project managers manage more than a third of high-performing projects. Additionally, firms with more than one-third Project management qualified managers had much higher project success rates than those without. Plus, there's more. In 2016, Project management was the seventh highest-paying certification.
Regardless of the sector, project management is a critical aspect in determining whether a project succeeds or fails. More and more companies throughout the world are seeking project managers who are not only skilled and experienced, but also have the necessary credentials. PMP Certification is one of several project management certifications that are available on the market.
Benefits of doing a Project Management Certification:
- Enhances the resume's worth -
Throughout your career, you might seek a variety of professional qualifications. But, of all of them, the Project Management Certification is the most valuable. Interviewers looking to fill a project manager role are aware of this. As a result, they prefer profiles that have Project Management Certification over those that do not. Jobs in project management are in high demand.
As a result, in most circumstances, multiple persons apply for these positions. Interviewing and evaluating the potential of all applicants takes time and resources for the company. As a result, they like to screen out as many people as possible prior to conducting project management interviews. Furthermore, many companies are making the Project Management Certification mandatory. It means you won't be able to apply for various jobs unless you have these credentials.
If you want to grow in your current company, the Project Management Certification can be quite beneficial. It puts you miles ahead of your peers in terms of job advancement. A certified manager can also perform significantly better in a grueling project management interview than a non-qualified manager.
- Recognized by the industry -
Project Management Certification is a globally recognised credential. Many certification programmes are narrowly focused on a single area or region. Project management, on the other hand, is a global certification that may be used in any business and in any location. So, regardless of your professional background or industry, adding the certification to your resume can help you advance.
What is the market value of a Project Management Certification? Data shows that as a company's number of certified project managers grows, so does the success rate of its projects. Companies also realize that qualified managers are more likely to complete projects on time and on budget.
- Assists you in mastering crucial skills -
On the employment market, there are numerous project managers to choose from. How do you stand out from the crowd in such a situation? What better way to go about it than by earning your Project Management Certification? It improves the appeal of your CV to employers. More importantly, PMBOK certification teaches you critical abilities that will help you advance in your job.
The Project Management Certification has strict requirements. As a result, passing this exam without substantial preparation is difficult. It also necessitates that you master the material's practical application. Obtaining the Project management credential will necessitate the acquisition of a number of hard and soft skills. It improves your understanding of basic project management procedures, tools, strategies and approaches.
- Contributes to an increase in income -
The most appealing aspect of Project Management Certification is the potential for project managers to earn a greater income. The average remuneration of certified project managers is significantly greater than the industry average. According to a recent PMI survey, the average median income for a certified project manager is $108,000. A non-certified project manager, on the other hand, earns only $91,000 on average.
According to another study, certified project managers make about 20% more than non-certified counterparts. This tendency can be found all across the world, even in Middle Eastern countries like Saudi Arabia and the UAE. Project management certified individuals earn significantly more than female certified professionals in other industries.
- Provides opportunity for networking -
Around 773,840 Project Management Certification holders are now active around the world, according to PMI. When you join the PMI, you become a member of the club. PMI holds meetings for members in major cities throughout the world on a regular basis. These gatherings are also held to assist participants in obtaining Professional Development Units (PDUs). Continuous Credential Requirements, or CCRs, necessitate the use of these units. These are required to maintain the certification for the next three years.
There are numerous advantages to participating in such networking events. During these sessions, anyone interested in this certification can learn about any new work prospects that are shared by those who value it.
At PMI meetings, there is a designated time for job postings. Project managers can also communicate with each other in various online and offline communities. Professional networks can be formed through these communities. This certification also qualifies a person to mentor other PMI Project management candidates.
- It demonstrates your commitment to the job -
As previously stated, some requirements must be satisfied in order to obtain Project Management Certification. To be eligible as an associate, you must have 60 months of experience. A bachelor's degree, on the other hand, necessitates 36 months of professional experience. The Project Management Certification has strict requirements. A potential employer recognises that passing the exam necessitates commitment to the job. It shows that you are committed to pursuing project management as a long-term professional goal.
An employee who invests in his or her education is a valuable asset to the organization. Your desire to improve your professional abilities, credentials and knowledge is symbolized by a Project Management Certification. It also aids in commanding respect from colleagues and team members.
- Assist You in Becoming a More Effective Project Manager -
You will have a better knowledge and ability to handle projects after going through rigorous training and testing. Project management credentials can assist you in learning and using the most up-to-date project management technology. You will become a better project management professional if you have a good understanding of project management tools, frameworks, and methods. It helps you appear as someone who is well-versed in industry best practices as well as having hands-on implementation expertise.
- Assess the Members of Your Team -
The nicest part about obtaining a PMP certification is that it allows you to evaluate your team members more effectively. It will provide you some excellent abilities for determining whether or not a potential team member will work well with everyone.
- Improves risk management abilities -
"Take calculated risks, since it's the impact that matters." A risk is now defined as something that is unknown and unexpected. It may or may not occur during the course of a project. However, if this occurs, it may have a beneficial or bad impact on your project.
You will have enhanced risk management abilities as a PMP® certified project manager, which will assist you in recognising and analyzing possible risks, minimizing threats, and capitalizing on opportunities. You can improve and defend your organization's requirements using this talent. This improves the quality of your product, which is obviously good to you, your team, and the business.
- Provides the opportunity for lifelong learning -
"To succeed in management, you must learn as rapidly as the world changes." As a result, project management success depends on constant learning. As a project manager, you will get in-depth expertise that can be shared with the business and its employees to ensure long-term success.
With extra project hands on deck, you'll be able to broaden your experience, since various projects necessitate different techniques, technologies, and talents. Furthermore, when you become a PMP® certified professional, you automatically become a member of PMI, which expands your access to professional development opportunities. You will improve your performance and marketability as a result of this.
- Improves your problem-solving abilities -
"A crisis is an opportunity to put your best foot forward." People will seek you for professional guidance if you are the best. Because your PMP® certification demonstrates your project management competence, you will immediately be given the title of issue solver. You will be entrusted with tackling challenging challenges on a daily basis while heading a project. With PMP® certification, you'll acquire a variety of creative and inventive problem-solving tactics and strategies that will help you secure the project's success.
- Improves the quality of your leadership -
"Leadership is a deed and an example, not a title or a position." You must bring your team members together as a single entity as a project manager. In order to accomplish the assignment, you must first determine their strengths and shortcomings.
Project managers are thought to be at the top of their game when it comes to fulfilling deadlines, controlling expenses, and winning the respect of their team and management. You'll discover a variety of leadership styles that you may adapt to your project's goals or objectives.
Concluding Thoughts
The PMP Certification will assist you in getting required understanding and identifying forthcoming requirements from the start, allowing you to eliminate any unneeded roadblocks to a project's successful completion. You will also play a critical role in your business with improved decision-making, communications, team involvement, and procedures, as well as the capacity to secure management buy-in for initiatives.
Some may consider Project Management Certification to be costly, time-consuming and challenging. However, many recruiting gurus regard Project Management Certification as a valuable credential that enhances your resume's credibility. It also assists you in developing the necessary abilities to succeed in your chosen field.
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