In this post you will find advantages and benefits of doing Certified Associate In Project Management (CAPM) certification.
You are thinking of pursuing a career in project management. You have heard a lot about Project Management Institute’s (PMI) career oriented certifications. You believe that a credential from a global organization like PMI will help your cause.
On the other hand you, your educational qualifications and experience make you eligible for the CAPM exam. But you are not sure if it holds enough value to give you a boost in your career.
You have a lot of questions going through your mind. Is it better to wait for 2-3 years and gain eligibility for PMP? Or should you do CAPM immediately and do PMP later? Is it advantageous to invest your time and money in an entry level certification?
In this article you will find a discussion on the top benefits of CAPM certification and answers to all your questions.
Why Should You Pursue Career In Project Management?
Project Management is a growing field. More and more companies are recognizing the advantages of qualified project managers. Here are a few data points that might interest you.
Saint Mary’s University of Minnesota (SMUM) says that project management careers are stable, even in an unstable economy.
Earlier U.S. Department of Labor’s Bureau of Labor Statistics (BLS) was not tracking the project manager careers but. from 2018, BLS will recognize “Project Manager” as an occupational category for the first time. According to old BLS data, it can be loosely inferred that median annual wage of Project Coordinators is $67,280 is higher than the $35,540 median wage for all workers. BLS also proclaims that Construction Managers and Computer and Information Systems Managers (project managers) earned a median pay of $91,370 and $139,220 respectively in the year 2017.
PMI’s Job Growth And Talent Gap Report suggests that Across the globe, there’s a widening gap between employers’ need for skilled project management workers and the availability of professionals to fill those roles. The report also states that
By 2027, employers will need 87.7 million individuals working in project management oriented roles.
What are The Various Benefits of CAPM Certification?
CAPM can be a stepping stone for your career as a project manager. It has many advantages.
1. It Will Give You Global Recognition
PMI is known globally for its project management literature and certifications. CAPM is an entry level project management credential. It is widely accepted across the globe by various organizations. By gaining this credential, you are recognized as a knowledgeable professional.
2. It Will Enhance Your Knowledge
By studying for the CAPM exam, you will learn about various project management tools & techniques. In addition, you will learn about proven project management practices that are known to improve success rate of the projects. Someone might say that knowledge can be gained without preparing for a test. True! But everyone knows that real knowledge comes only when you seriously prepare for an exam.
3. It Is A Professional Achievement
CAPM is a relatively difficult exam to pass. The credential gives you instant recognition and respect among your peers.
4. It Will Increase Your Self-Confidence
Passing a global certification exam level in itself is a challenge. You would feel a pleasant relief and sense of satisfaction after passing the exam. It would give an immense boost to your self-confidence.
5. It Has Potential To Give You Better Career Opportunities
Since CAPM is a well-recognized certification that enhances your knowledge, it might open doors to entry-level project management jobs. Even if you do not have commensurate professional experience or are not completely eligible for a job, companies may give you preference over more qualified candidates.
6. Organizations Will Tend To Give You Greater Responsibilities
After doing CAPM, you are recognized as more knowledgeable and skillful than your peers. Organizations tend to utilize you additional knowledge for greater project responsibilities. This can further lead to managing more complex and difficult projects.
7. It can Improve Project Success
The credential gives you wisdom to apply project management tools & techniques to your project activities. This improves the overall efficiency of project management and is likely to result in more successful projects.
8. It Can Improve Customer Satisfaction
CAPM enhances the fundamental knowledge of a person about project management that shows in your commitment towards the work. It increases the customer’s confidence in your abilities and skills.
9. It Enhances Your Organizations Marketability
CAPM comes with global recognition. It can be used as a marketing tool by your organization to potentially win more contracts from customers.
10. It Can Act As A Platform For Pursuing PMP Certification
The examination content for CAPM and PMP is almost same. CAPM is solely based on the PMBOK Guide while PMP is mostly based on it. After becoming CAPM certified, you are almost ready to take the PMP exam. Once you become eligible for the PMP exam, you can immediately apply for it. You can save precious time in obtaining the PMP credential.
CAPM is an entry level project management certification. Its value is not equivalent to PMP. But it certainly has some advantages. It is definitely beneficial for those who want to get into project management but do not have the requisite experience to sit for the PMP exam. You can start by passing the CAPM exam, gain some invaluable project management experience, and after few years go for the PMP credential.
Over To You
Do you think there are enough benefits to pursue CAPM credential? Would it help in the PMP exam prep? What are the other ways to start your project management career?
Please leave a comment.