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What is PMP: Your 2023 Guide and PMP Certification Benefits

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What is PMPAccuracy, trustworthiness, and extensive hands-on experience are essential for a career in project management. Although, it’s not uncommon for businesses or organizations to hire a planner or scheduler without seeing evidence of their success in the role. These roles might be good for a while, and you would need a legitimately certified Project Manager in the end.  Hence, this is where a PMP steps in! What is PMP, you wonder? We’ll be explaining it in this blog post as well as PMP Certification benefits.

Project Management Professional (PMP) certification was developed in response to the rising need for a standardized, reliable method of verifying the competence of project managers. 

Obtaining your PMP certification is ultimately an evaluation of your previous and present project management skills, which lends credibility and reliability to your work anywhere in the world. Many people, however, overlook the PMP certification benefits as only some know about the progressive aspects of the certification!

What is PMP?

PMP stands for Project Management Professional. PMP is a professional certification awarded to Project Management candidates who have successfully cleared the PMP examination. One can do so after going through the PMP certification training and solving the PMP sample questions.

The PMP certification for project managers is an accreditation that is recognized all around the world. This certification is awarded by the PMI, also known as the Project Management Institute, to all competent Project Managers worldwide. 

The Project Management Professional (PMP) certification is the Gold standard in the project management space. In addition, the Project Management Professional certification is internationally acknowledged as the most prestigious credential in project management. 

Over 2.9 million professionals worldwide have profited from the qualifications, standards, and recommendations that the PMI Institute has developed. In addition, a growing number of businesses require their project managers to obtain one of these certifications to be hired.

What do you need to earn your PMP certification?

The PMP definition has been revealed, but the following are the requirements to apply for PMP certification. The criteria for obtaining a PMP credential are as follows:

  • A 4-year degree.
  • 36 months of experience in leading projects throughout the previous 8 years.

OR 

  • 35 hours of formal education or training in project management or CAPM certification.

OR

  • An Associate’s degree or high school diploma.
  • 60 months of project management experience over the previous 8 years.

PMP is also open to those who have not completed four years of college but have a high school diploma. However, you’ll need at least 7500 hours of relevant work experience. Do you wonder what kind of school offers a degree in project management and where you can enroll? Fear not, because in addition to traditional classroom PMP boot camps, there are also PMP online certification training programs. You’re free to pick the one that best serves your needs.

What does the PMP certification actually mean?

You are familiar with the requirements to become a PMP. You are aware that obtaining project management education is necessary to apply for the PMP credential; however, the following question you should ask is what this education entails. Before submitting your application, the PMI institution will verify that you have completed either an entire PMP training course or a PMP bundle. 

The Project Management Body of Knowledge, or PMBOK, is the foundation for this in most cases. We, at ProThougths also provide you with the Rita Mulcahy Corporation material that is exclusively provided by us since we are their sole distributor partners. The Project Management Body of Knowledge (PMBOK) covers 10 Project Management Knowledge Areas and five Process Groups, which can be used to understand the project management framework. All of the information is laid up in terms of the operation of processes and their interconnections. To produce the output you want from a process, even if it contains specific inputs, you use certain tools and approaches to those inputs. The PMP certification teaches you how to tailor these approaches for your project.

First, let’s look at the value a project manager receives from having their certification in project management.

How does PMP benefit the organization?

If you choose project managers that are PMP certified, your clients will be more confident in the way your projects are handled. When PMPs are in charge of the project, you increase your chances of completing it. In addition, you can ensure that your management comprehends and puts into practice the industry’s best procedures in the projects. Therefore, obtaining Project Management Professional certification will benefit your firm by increasing the likelihood of successful projects.

Your managers will utilize the same standard terms and phrases as others when speaking with people from different parts of the world. It not only eliminates ambiguity but also helps improve relations between parties.

How should one prepare for the examination to become a certified project manager?

You can obtain more information about this topic by reading the PMP Exam blog post. Here, we will also discuss the most critical steps in earning a certification in project management.

Suppose you have completed the 35 hours of project management training required. Creating your PMP Study plan is the next step in your process. 

Similar to how a project’s Project Management Plan serves as the project’s blueprint, your PMP Study Plan is your project plan. As the Project Management Certification is your niche, you must approach it rigorously as any other project. The PMBOK and any other study material should be covered in one complete study cycle along with the Rita Mulcahy Corporation study material. After that, you put your knowledge to the test using the PMP Question Bank. How many of them did you get right, and how many did you get wrong? Examine and investigate the reasons why these were incorrect. By going back over your notions, you may strengthen them.

Benefits of being a PMI-certified PMP!

The following are just six of the many ways to benefit from a certified Project Management Professional will benefit your professional life.

       1. Get Global Recognition:

People of various backgrounds and cultures have varying expectations of what you should be able to do in your work as a project manager. The credentials of a project management expert are, nevertheless, acknowledged globally. As a direct consequence, businesses and corporations will have a greater tendency to choose you to fulfill their requirements for project management.

        2. Increase in Salary: 

The exam can be open to you if you have the right combination of education and work experience in the industry. For example, you must undergo PMP exam prep through which you can study the PMP exam questions. Then, if you have the requirements to fulfill the eligibility, you can go for the examination. Since you must fulfill particular prerequisites to take the exam, once you have obtained the certification, you will be eligible for higher pay on specified projects. 

As a result, companies have learned to count on project managers to always be ready to learn more, leading to better project success stories and a high return on their investment in their companies.

          3. Expertise in Advanced Project Management:

Despite the fact that this is a contentious issue, it is widely acknowledged that project managers who have attained the Project Management Professional certification have superior experience in managing projects to the greatest extent feasible. In addition, project managers who have made this certification know the painstaking efforts required to prepare for and continue to hold this certification. 

To maintain your PMP certification, you must earn at least 60 professional development units, often PDUs, every three years. These units demonstrate your dedication to advancing your education in this field and remaining current with changes in project management.

           4. The PMP-certified managers have an edge over non-PMP-certified candidates:

For instance, take the following common occurrence: two project managers with comparable past experiences apply for an ongoing or prospective project position. The Project Management Professional (PMP) certification speaks volumes about your current work and education. 

As a result, the project manager with a PMP certification has a significant advantage over the project managers who need to be PMP qualified. As a result, many people consider the Project Management Professional credential to be the industry’s pinnacle.

            5. PMP certification benefits all career aspects:

You should look into obtaining PMP certification if you think you might spend a significant amount of time or even the rest of your life working in project management. It will demonstrate your dedication and intent to climb up the career ladder instead of staying and working on monotonous tasks. 

            6. PMP certification benefits the company as well as the employees of the organization:

In today’s world, an increasing number of businesses and organizations are working towards establishing themselves as innovative thinkers or industry leaders. Consequently, personnel who have received certification in recognition of their abilities will prove to be an asset to the organization. In addition, think about the potential effects of having PMP certification benefits on a marketing campaign for the launch of a new project.

How can you register for a PMP Exam?

While furthering your education, you may apply for Project Management Certification. Here at ProThoughts, we offer full support for the application procedure. The candidates do receive ongoing assistance from our advisors. Apply online at pmi.org by signing in with your existing PMI credentials. If you are performing well on past pmp exam questions, it is time to schedule your actual exam. 

What after earning your PMP?

The hardest part is over once you’ve earned your Project Management Certification. However, there’s still a way to go. The next part will go into depth on how to renew your Project Management Certification in order to keep it current.

Renewal

Now that you’ve earned your PMP Certification benefits, you also have some responsibilities to uphold. The PMP certification has a three-year validity period from the date of issuance, and renewal is necessary before the end of that period. Therefore, earning 60 PDUs within three years will qualify you for PMP Renewal. 

Where can you find these? Is retaking the class or exam necessary? PDUs can be acquired through courses, webinars, seminars, and even volunteering are all options. To submit your PDUs, read the PMI PDU Submission article for instructions. 

Maintaining your Project Management Certification is staying up-to-date in your field and giving something back to it. So you can stop worrying about retaking the test right now!

You can also earn additional certificates from PMI to demonstrate expertise in a subset of your field. 

Additionally, PgMP (Program Management Professional) and DA (Discipline Agile) certifications might help you advance in your career.

Conclusion

Finally, you have gained insight into the most reliable routes to certification in project management.

So, having this certification places you in an exclusive group of experts. We hope most of your questions about PMP certification have been addressed in this post. In addition, you can network with other professionals while learning from their best practices. Therefore, while being an educational experience, PMP certification benefits your wallet. 

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