What Is The Value Of PMP Certification?
You might be contemplating about the benefits and advantages of PMP certification. You are thinking if it is worth the time and effort? Does it provide any value? Or are there enough good reasons to pursue this PMI credential? It is a well-known fact that PMP is not one of the easier exams to pass. It requires strong desire and intense dedication.
In this post I will try to summarize the PMP benefits, its inherent advantages and its value in the professional world.
Benefits And Advantages Of PMP Certification
1. Global Recognition
PMI is a non-profit global organization. Its credential provides an unbiased endorsement of project management knowledge and experience.
Moreover, its PMP certification program is accredited to ISO/IEC 17024. PMP is a highly reputed, widely accepted, and globally recognized project management credential. It is valued across different industry verticals.
2. Professional Achievement
The credential establishes additional professional achievement over and above your basic educational qualifications. It demonstrates excellence in the field of project management. It shows that you have understood and met established standards.
3. Enhanced Knowledge
The credential improves your knowledge, proficiency, and skills in the field of project management. You gain this knowledge while preparing for the exam and you tend use it in your project work.
4. Greater Recognition
You get greater recognition from your organization and peers for taking an extra step towards professional development. It highlights your knowledge, skills, and competence. It showcases your ability to your fellow professionals. They may approach you for solving their project management problems. You might even start teaching others on nuances of project management.
5. Improved Customer Satisfaction
It shows the clients your commitment towards the profession. It tends to increase clients’ confidence in your abilities and skills.
6. Increased Project Success
PMBOK Guide contains a set of tools, techniques, and good practices that increase the chances of project success. You learn these about these things while preparing for the exam and tend to utilize them while managing projects. This improves overall efficiency your project management.
7. Greater Responsibilities
The credential establishes your knowledge, skills, and competence among your superiors and in the organization you work for. Your organization might give you responsibility for more prestigious and complex projects. Or you may start taking initiatives to work beyond your current job responsibilities. In a longer run, it might even compensate for your lack of years of project management experience.
8. Increase In Self Confidence and Improved Personal Satisfaction
It is a well know fact that the PMP exam is a difficult exam. It may not be the most difficult thing that you will do in your career but it will certainly challenge you in a good way. You will gain immense self-confidence after passing the exam. It will also instill you with greater sense of personal satisfaction.
9. Enhanced Marketability
In order to pass the exam, you would need to understand the key terms of project management as defined in the PMBOK Guide. In addition you should have working knowledge of the key project management concepts. The credential validates to your knowledge, skills, and experience. It enhances your resume and improves your marketability.
10. Better Career Opportunities
Over the years, PMP certificate has become preferable (and sometimes mandatory) for project management jobs. It sometimes opens doors to new opportunities. There is a high demand for the skilled project managers in various different industries. The best jobs are somehow reserved for those who have the training, experience, and knowledge that comes with the certification. PMP gives you a competitive edge over non-PMP project managers.
11. Higher Earning Potential
I have written it as the last point in the list of benefits. But, I think it is the most important point for the working professionals. PMP certification provides a significant advantage when it comes to salary and earning potential.
those with a PMP certification garner a higher salary (20% higher on average) than those without a PMP certification
Companies value PMP and are willing to pay more for it. This credential has a potential to provide instant value. You get an automatic advantage over those who don’t have it. It also gives you a higher earning potential in the ensuing years.
Over To You
What do you think? Do you know of any other benefits of PMP certification? Do you think it is worth the time, effort, and money? Does it give you additional advantage in your career? Is it value accretive?
Or do you know of any disadvantages?
Please share your opinion.