In this post, you will find interesting statistics related to PMI (Project Management Institute) and PMP (Project Management Professionals). It will help you to gauge your level of preparedness for the certification exams.
I have compiled these stats by taking data mostly from the online polls and surveys of visitors on this blog. I have also taken figures from the PMI publication.
You will numbers and graphs related to for all of the following in this post.
- Best Reference Book for PMP Exam Prep.
- Passing/Failure Rate of PMP Exam.
- PMP 35 Contact Hours Training Fee.
- Expenses for Exam Prep Material.
- Cost of doing PMP Certification.
- How Many Questions Should You Practice Before Taking the PMP Exam?
- Salary of Certified PMPs
- PMP Credential Holders
- PMI-ACP Credential Holders
- CAPM Credential Holders
1. Best Reference Book for PMP Exam Prep
You need a good PMP reference book for understanding the PMBOK Guide concepts in order to crack the credential exam. There are several books available in the market bust some of them are more popular then the others. More than 50% of the people who took my poll liked Rita Mulcahy’s book. It was followed by Head First PMP, which is liked by about 20% people.
2. Passing/Failure Rate of PMP Exam
PMI doesn’t release statistics about its credential exams. So, there is no way of knowing how many aspirants pass in their first attempt. In order to find the percentage of people who fail in the PMP exam, I conducted a survey of the blog visitors. The survey is just an opinion of exam aspirants but it gives a fair indication of how difficult the PMP exam is.
3. PMP 35 Contact Hours Training Fee
A 35 contact hours certificate is mandatory for applying to the PMP exam. The training fee will depend on many factors including the type of training, reputation of training provider, country of your residence, and study aids offered as past of the training course.
4. Expenses for Exam Prep Material
In case your training provider does not give you enough study aids, you will need some other resources like ebooks, quizzes, and exam simulator to prepare for the exam. I conducted a poll to determine the budget of aspirants for additional study resources.
5. Cost of doing PMP Certification
PMP is the most expensive professional exam but the it is worth every penny. PMP certification comes with a variety of costs such as exam fees, training costs and simulators, reference books, and other study materials costs. The exam fee and training costs account for the majority of the money spent.
How much money should you budget for the PMP certification? The following poll will give you some idea.
6. How Many Questions Should You Practice Before Taking the PMP Exam?
It is important to practice hundreds of questions before taking the exam. This will make you feel confident and ready for the actual exam. You can practice mock questions from a good simulator.
However the pertinent question is, how many questions should you practice. The following poll will give you an idea. Majority of the respondents feel that one should do at least 2000 questions before the exam.
This poll will help you decide how many questions you should answer before taking the exam.
7. Salary of Certified PMPs
One of the most important benefits of being a PMP is the increase in salary. According to the PMI salary survey, certified PMPs get higher salaries than those without PMP certification – 16% higher on average across the 40 countries surveyed.
The graph below shows salaries increase of certified PMPs in top 10 countries by the number of certification holders.
8. PMP Credential Holders
PMP is a renowned certification and every year thousands of aspirants take the PMP exam. The following graph shows the the number of PMP credential holders over the last 12 months.
The data for the above graph is taken from projectmangement.com, which is also the source for items #9 and #10.
9. PMI-ACP Credential Holders
PMI-ACP is an agile certification from PMI stable. If you are interested in pursuing Agile methodologies then you can start with PMI-ACP exam. The following graph shows the the number of PMI-ACP credential holders over the last 12 months.
10. CAPM Credential Holders
If you are not eligible for the PMP or PMI-ACP exams then you can start your project management journey by taking the CAPM exam. You can take the exam after joining a CAPM training course and doing some mock CAPM test questions. The following graph shows the the number of CAPM credential holders over the last 12 months.
Over to You
Were you looking for some other data that you didn’t find in this post?
Let me know in the comment section below and I will conduct a poll and share the figure with you.