At some point in life, individuals, especially IT professionals, might have pondered about the PMP certification, how much the certification exam cost, and how and where to kickstart.

If you have set your targets on acquiring the PMP credential badge, you have made the best choice over your lifetime. However, getting certified in PMP is not a five-finger exercise. The accreditation demands real-life project management education and experience.

Before jumping onto the actual topic, let's first understand the concept of PMP.

What is PMP Certification?

Project Management Professional (PMP) accreditation is a prestigious professional designation for project managers globally. The credential is accredited by the Project Management Institute (PMI).

PMP indicates the documented education, experience, potential, and competency needed for leading and executing projects. It is one of the well-reputed certifications provided by the PMI, USA.

In simpler words, PMP certifies your potential in managing projects and recognizes the hard work you have done hitherto.

According to pmi.org, there are more than 1Mn PMP-certified project managers worldwide and 300+ chartered chapters in 218 nations.  

Moreover, the credential is valid for three years; hence after acquiring the PMP certificate, professionals must maintain the same through Continuing Certification Requirements (CCR) program. 

What is the Cost of PMP Certification?

Pondering how much does the project management certification cost?

PMP certification costs incurred to achieve 35 PDUs vary according to the country. Here is an example of the average expenses of PMP training costs for different nations:

The PMP certification exam costs for PMI members and non-members are as follows:

An individual choosing to become a PMI member amid application will have to pay a PMP certification exam cost of $555 - covering both the examination and the membership fees ($129 + $10 one-time application fee).

If an individual doesn’t wish to be a part of PMI, they will also have to pay the same PMP exam fee, $555. Therefore, we suggest you apply for the PMI membership option so that shelling out your PMP course expense is more logical.

How to Renew PMP Certification?

Once you receive the PMP credential badge, ensure that you maintain the same by earning 35 PDUs over three years. After PMI confirms that you have met the PDU prerequisites, you'll receive a mail/message to apply for PMP certification renewal – asking you to make payments through the online certification system.

PMI will send the individual an updated certificate with new CCR cycle dates after processing the application and renewal fees. This usually takes around 6-8 weeks to get delivered through postal.

The credential holders must agree to comply with the terms of use, including audit norms agreements. The participant can renew the accreditation only after completing the audit and agreeing with all the terms and conditions during an audit.

The auditing done by PMI is random, i.e., PMI selects a group of PMI certification holders randomly, where they must submit supporting documentation to prove PDUs.

Therefore, credential holders must keep these PDU claiming materials for 18 months after the end of the CCR Cycle.

Cancellation of PMP Certification Renewal

An applicant has the right to cancel their certification renewal at any time. For this, they must write a cancellation request to customercare@pmi.org.

On receiving the application form, PMI will refund one-third of the renewal fee for each full year of the CCR cycle that the applicant hasn't leveraged following the date of cancellation request.

If other mitigating scenarios ban an applicant from completing the renewal procedure, they may contact Customer Care - PMI will review and settle the claims on a valid basis.

Why PMP Certification?

The PMP certification adds value to your career. This program has been ranked the top Project Management Certification by the CIO magazine as it offers evident proof that the participant has the needed potential and experience that employers require.

According to PMI's Salary Survey 2021, individuals with a PMP certification report higher average salaries than those without the credential, i.e., 16% higher on the median across the 40 nations surveyed.

The willing applicant must succeed in combination-type question sets to clear the credential test, answering 180 questions in 230 minutes. The test can be taken in 15 different languages worldwide.

PMI has designed the PMP exam to meet the growing demand of the profession, organizations, and you. It focuses on three domains you require to acquire a competitive edge and prove your work smarter:

• People (42%)
• Process (50%)
• Business Environment (8%)

PMP Exam Reference Materials

Let's look at the top 4 PMP exam reference books that you must consider for the credential test in 2022:

• The PMP Exam: How to Pass on Your First Try, Sixth Edition

Author: Andy Crowe

• All-in-One PMP Exam Prep Kit

Author: Darron L. Clark, PMP

• Head First PMP: A Learner’s Companion to Passing the Project Management Professional Exam, 4th Edition

Author: Jennifer Greene and Andrew Stellman

• PMP Exam Prep Simplified

Author: Andrew Ramdayal

Final Thoughts

The PMP accreditation helps individuals acquire remunerative job roles in finance, IT, healthcare, automotive, manufacturing, and other exciting industries.

PMI, the accrediting body of PMP, released the PMBOK Guide, which is the base for the PMP credential test. The exam is challenging for most as it covers a wide range of areas conforming to the syllabus based on the Guide. Therefore, the choice of a good training center is crucial.

Succeeding the exam is hard; hence, it will be better if you revise a few resource materials on the topic.

You can also enroll in our PMP training course that encapsulates the latest best practices specified in the PMBOK Guide Ed 6 and learn from the expert, thereby passing the PMP exam on your first strive at ease.

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