The Project Management Institute (PMI) provides multiple certifications for project managers at various phases and levels in their employment, ranging from the associate-level Certified Associate in Project Management (CAPM) to the Portfolio Management Professional (PfMP) credential.
What precisely does it mean to be PMI certified?
Project Management Institute (PMI) certificates are credentials that are managed by the organization Project Management Institute (PMI) (PMI). A PMI certification can help early career workers strengthen their careers or help seasoned project managers consolidate their skills. These certifications can range from entry-level to advanced, broad to a specialist, and everything in between.
With the growing demand for project management abilities in the labor market, a PMI credential could prove to be quite beneficial. According to the Project Management Institute (PMI), the world’s economy will require the services of 25 million additional project professionals by the year 2030.
PMI Certifications
The Project Management Professional (PMP) certification offered by the Project Management Institute (PMI) is the most well-known and widely accepted qualification. PMI, on the other hand, offers many alternative certifications that are adaptable to the needs of professionals at different phases of their careers.
1. Certified Professional in Project Management (PMP)
The Project Management Professional (PMP) certification is one of the most well-known and sought-after credentials in this industry, and its holders number is more than one million worldwide. To obtain the certification, you will need to pass a challenging exam that will test your knowledge of managing people, leading processes, and making decisions with an eye toward business.
There are 175 scored questions on the exam, and they cover a variety of topics, such as planning and controlling the scope of a project, as well as involving stakeholders.
Beneficial for:
Those in the working world who already have some experience managing projects and are looking to advance their careers
Who is Eligible to Apply:
If you have a bachelor’s degree, you need to have 36 months of experience leading projects to take the exam; if you only have a high school certificate or an associate degree, you need to have 60 months of experience leading projects. In addition to that, you will need to complete 35 hours of project management training or coursework (this need can alternatively be satisfied by earning the CAPM certification; for more information, see below).
Pricing is $555 for those who are not PMI members and $405 for those who are PMI members.
2. Certified Professional in Program Management (PgMP)
The Program Management Professional (PgMP) certification is intended for professionals who have reached an advanced stage in their employment and are capable of supervising many projects simultaneously to ensure the success of a program. Those who earn the PgMP credential are expected to have the ability to direct complicated projects across a variety of businesses, geographic locations, and cultural traditions. To obtain the PgMP credential, one must first demonstrate that they are capable of passing a panel review and then complete a certification exam. The examination comprises one hundred fifty scored questions that cover a variety of topics, including the evaluation of new or existing project risks and the development of partnerships with stakeholders.
Program managers that have several years of experience and have handled difficult projects are ideal candidates for this position.
Who is Eligible to Apply:
The Program Management Professional (PgMP) credential is intended for candidates who already have several years of experience in the field of program management. The prerequisites for this certification include having managed a project for 48 months (or holding a PMP certification) and managed a program for 48 months within the past 15 years if you hold a bachelor’s degree (84 months in the last 15 years if you have a high school diploma or associate degree).
Pricing is $800 for PMI members and $1,000 for those who are not PMI members.
3. Portfolio Management Professional (PfMP)
The PfMP is a stamp that shows your expertise in portfolio management and is awarded to those who have effectively managed one or more portfolios for an enterprise. A panel review and an examination consisting of multiple-choice questions are required steps in the certification procedure. There are a total of 150 scored questions in the exam, which cover topics such as maintaining a communication strategy and monitoring the success of portfolios.
Beneficial for: Professionals whose careers have taken them into portfolio management and who have reached an executive or senior level of responsibility
Who is Eligible to Apply:
You will require a minimum of 96 months of professional business experience within the last 15 years to apply for the PfMP. If you have a high school diploma or an associate degree, you will only need 84 months of portfolio management experience. If you have a bachelor’s degree, the required number of years of portfolio management experience lowers to 48 months.
Pricing is $800 for PMI members and $1,000 for those who are not PMI members.
4. Accredited Associate in Project Management Certified Professional (CAPM)
Those who want to manage projects, take on additional responsibility, or add project management abilities to their resumes may consider taking the Certified Associate in Project Management exam. Because the CAPM is open to professionals at any point in their project management careers, it is an excellent choice for individuals who are just beginning their careers in the field.
The test includes a variety of learning objectives, such as those about project communication management and project risk management.
Beneficial for: Those who are just starting in the field of project management and are hoping to gain more knowledge and expertise in this particular area
Who is Eligible to Apply:
There is not a substantial requirement for prior experience to take the CAPM exam because it is designed for professionals who are just beginning their careers in project management. You are required to have a secondary degree (such as a high school diploma, an associate degree, or something comparable), and you have to complete 23 hours of project management education before you can take the exam.
Pricing is $300 for those who are not members of PMI, whereas PMI members pay only $225.
Comments