Additionally, businesses with more than one-third PMP qualified managers had much higher project success rates than those without. Plus, there's more. In 2016, the PMP was the sixth top credential.

Isn't that significant? If it does, the next consideration is whether or not you should pursue PMP certification. Let's have a look at what PMP stands for before we get into this topic in this post.

What is a Project Management Professional (PMP) certification?

The Project Management Professional (PMP) certification is a worldwide recognised professional credential. The Project Management Institute (PMI), a non-profit professional organisation based in the United States, offers it. PMP is a well-known and respected certificate that is considered necessary for project managers. Particularly for individuals who want to advance in their careers.

Is obtaining a PMP certification worthwhile?

Let's get back to the original question now that we know what PMP is all about. Is it necessary to obtain a PMP certification? Obtaining the PMP certification has both expenses and advantages. Many recruiting specialists and qualified professionals, on the other hand, feel that the advantages far exceed the disadvantages.

Let us just take a look at a few of the issues that have been raised in relation to PMP certification.

1. It is costly.

The PMP certification costs 550 US dollars if you are not a member of PMI. But if you're a member, though, you will just have to pay $405 to take the exam. However, PMI membership costs 139 dollars. Though joining the PMI saves you only 11 dollars, it comes with a slew of other advantages. As a result, it is strongly advised that you join PMI before applying for the test.

2. It is challenging

Most individuals agree that the PMP test is challenging. Some students even claim that it is the most difficult exam they have ever taken. The issue arises from the fact that the exam assesses not just recollection but also application of knowledge. When you add the strain of time (you have 200 questions to answer in 240 minutes), it may be scary for even the most experienced project manager. Individual variations in how long it takes to pass the exam also exist. Some people need two to three months to achieve their goals. Others, after years of preparation, are unable to obtain certification.

3. It takes a long time.

Yes, there is a monetary price to pay. However, for the majority of individuals, the greater issue is the cost of time. They grumble about the amount of time it takes to become a PMP.

Part of that has to do with the actual preparation. Because the test is challenging, you should devote some time each day to studying the PMBOK guide. However, the majority of individuals believe that this isn't everything. For half of your preparations, you should study many different manuals, attend preparation workshops (if applicable), and take practise exams. All of these activities consume a significant amount of time. Because the majority of candidates are actively working, they are even more pressed for time.

The following are some of the advantages of obtaining a PMP certification:

1. It adds value to your CV.

Throughout your career, you might seek a variety of professional qualifications. But, of all of them, the PMP certification is the most beneficial. Interviewers trying to fill a project management role are aware of this. As a result, they prefer profiles that have PMP certification over those that do not.

2. Recognized by the industry

PMP certification is a globally recognised credential. Most standard containers are narrowly focused on a single subject or region. PMP, on the other hand, is a worldwide certification that may be used in any sector and in any place. Therefore, irrespective of your professional history or industry, adding the certification to your resume can help you advance.

3. Assists you in mastering essential skills

On the employment market, there are numerous project managers to choose from. How can you stand out from the crowd in such a situation? What better way to go about it than by earning your PMP certification? It improves the appeal of your CV to employers. More importantly, PMBOK certification offers you critical abilities that will help you advance in your profession.

4. Demonstrates your commitment to the work

As previously stated, some requirements must be completed in order to obtain PMP certification. To really be qualified as an associate, you must have 60 months of experience. A bachelor's degree, on the other hand, needs 36 months of professional experience. The PMP certification has stringent requirements. A potential employer recognises that passing the exam requires commitment to the job. It shows that you are committed to pursuing project management as a long-term professional goal.

Conclusion

In conclusion, some individuals may consider PMP certification to be costly, time-consuming, and challenging. However, many employment gurus see PMP certification as a valuable credential that enhances your resume's credibility. It also assists you in developing the necessary abilities to succeed in your chosen field.

Yes, indeed! The PMP certification is well worth the time and effort.