CAPM Certification Cost
A Certified Associate in Project Management (CAPM) certification will add value to your career, even if the cost seems to be a little steep at first look. However, before considering doing a CAPM certification, you should know about the various cost components involved. Despite your career stage, the Certified Associate in Project Management (CAPM) Certification is a resource that will distinguish you in the job market and improve your credibility and effectiveness working on — or with project teams.
CAPM Certification Cost Components
Professional certifications are important for career growth. We will review the cost breakdown of obtaining your CAPM certification, as well as any costs of recertification. This will help you determine if the certification itself and its subsequent upkeep make sense for your budget. Let us look at the components involved in getting a CAPM certification:
Cost #1: Examination Fee
The examination fee is a mandatory fee that you must pay online directly to PMI. If you are a PMI member, you pay $225 for the examination. If you are not a PMI member, you pay $300.
The annual membership fee for PMI is $129.
Cost #2: Re-Examination Fee
You get three attempts in a single year to pass the CAPM exam. The fee for the second and third attempts for members and non-members is $150 and $200.
Cost #3: Recertification Fee
The CAPM certification has a validity period of five years. You can choose to renew the certification before it expires, or afterward. The recertification fee for members and non-members is $150 and $200 if you renew the certificate before it expires.
Cost #4: Renewal Fee
If you do not renew your certification within five years, the certification process starts as a fresh process for you. In that case, the fee becomes $225 for members and $225 for non-members.
Cost #5:PMBOK®Guide - Sixth Edition
The PMBOK®Guide - Sixth Edition is available as a free download for PMI members, but it is not printable. Both members and non-members can buy a printed copy from pmi.org or Amazon for $49.5 or $99.
Cost #6: Reference Books
It will cost you about $50 to buy a good reference book. You can check the prices online.
Cost #7: CAPM Training Cost
It may or may not be necessary for you to take 23 hours of formal training before the certification examination. The CAPM course fees are between $150 - $250.
Cost #8: Simulation Test Cost
If you want to take some practice questions before you appear for the actual exam, a good simulation test will be about $50 - $100.
Cost #9: Other Study Material
It will cost about $50 - $100 for any extra study material that you buy for better exam preparation.
CAPM Certification Cost
The total cost of CAPM certification will vary from person to person. Several factors decide the cost: the country you stay in, the type of training you undergo, the study aids you purchase, and so on. An indicative cost of CAPM certification is as follows:
| Examination Fee (for PMI Members) | $225 |
| Membership Fee | $129 |
| PMBOK®Guide - Sixth Edition | $49.50 |
| Reference Book | $50 |
| Training Fee | $250 |
| Simulation Test | $60 |
| Other Study Aids | $100 |
| Total | $850 |
Conclusion
Project management is a rapidly growing profession. Research demonstrates that employers will need to fill nearly 2.2 million new project-oriented roles every year through 2027. To fill these roles, businesses across various industries seek to hire new project managers with the qualifications and skills necessary to impact their organizations positively. As a result, project management is the prerequisite for every huge association worldwide. A Certified Associate in Project Management is an entry-level project management certification, which is extensively perceived worldwide by different affiliations.CAPM certification is one of the most profitable certifications in the project management stream. The CAPM certification exhibits project management abilities with PMI standards, probably, fills in as a little bonus, and helps expand the pay rates up to 25%.
FAQs on CAPM Certification Cost
Now that you understand the numerous aspects of the CAPM certification, here are a few questions you may be asking yourself on CAPM Certification Cost:
The CAPM certification is costly when you factor in all the possible components involved. However, CAPM certified professionals typically earn $127,000 in the US, C$ 100,000 in Canada, and 9 lakh INR in India.
Apart from the good compensation, you will also get an opportunity to network with and learn from experts in the field, be recognized by your peers, and become familiar with best practices for setting project guidelines.
The CAPM certificate is valid for five years, and it expires at the end of the fifth year. However, you can get re-certified before it expires, in the fourth year, and you will have 12 months to appear for the examination. The other choice is to appear for the CAPM certification after five years, but this will be a new process.
As with most certifications, getting the credential often leads to increased opportunities. The CAPM is perceived worldwide and offer the following potential benefits for new project managers:
- Solidifies your understanding of project management
- Increases your credibility
- Establishes your resume with achievements from a well-recognized professional body
- It helps you gain respect from your peers and project leaders
- It gives you increased confidence in your abilities
- Increases the opportunities for career advancement and a higher salary Given the upside and the relatively affordable exam price, the CAPM will be worth the time it takes to prepare and pass the exam for many professionals interested in a career in project management.
Syllabus of CAPM Exam Prep Training Course
Eligibility Criteria
- To be eligible for the CAPM certification, you must meet certain education and professional requirements:
- Option1
- Educational Background: Secondary diploma (high school diploma / global equivalent)
- Project Management Experience: 1,500 hours of professional experience on a project team
- Option2
- Educational Background: Secondary diploma (high school diploma / global equivalent)
- Project Management Education: 23 contact hours of formal education
Exam Format
- Exam Type: Multiple choice
- No Of Questions: 150 questions per paper: 135 scored, 15 unscored
- Exam duration: 3 hours
- Result: The passing score is determined through psychometric analysis
- Type: Closed book exam
Exam Fees
- The CAPM Exam fees for PMI Members are $225 and for non-members is $300.
Who Should Attend?
- Job roles that can benefit from CAPM training include, but are not limited to:
- Project Executives
- Team Members
- Project Management Aspirants
- Managers
- Project Leaders
- Functional Managers
- Anybody who wishes to gain better
- understanding of practical and formal
- project management best practices
FAQs on CAPM Exam Prep
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- Select a schedule of your choice
- Select the mode of your training
- Click on “Enrol Now” button
- Fill the necessary details to make the payment
- Get all the course materials to prepare for the training
- Join the training on the scheduled date
Can I opt for a customized schedule other than what is mentioned on the website?
Yes, you can opt for a customized schedule which is not there on the website. But getting custom schedules will depend on few criteria mentioned below:
- Focused 1-to-1 training can be customized as per your choice
- Group training of more than 5 participants can be customized
- On-site training can be customized as per clients’ requirement
How much discount will I get if I enrol for training?
What is the certification that I will get after completing my training?
What will be included in my training?
Once you enroll for training from Invensis Learning, you will receive:
- A copy of course material
- Study guide Prepared by SMEs
- Practice Tests
- Retrospective session
- Access to free resources
- Complimentary additional training session
- PDUs for relevant courses
- Course completion certificate/Official certificate
What is the refund amount I will get if I cancel my enrolment?
Please check out our refund policy page to know more if you cancel your enrolment.
Will the training be delivered in a native language if a participant choses to?
If I want to know more about a course, whom should I connect with?
FAQs on CAPM Exam Prep
Eligibility criteria to take the CAPM Exam
To be eligible for the CAPM certification, you must meet certain educational and professional requirements:
- strong>Educational Background: Secondary diploma (high school diploma / global equivalent)
- Project Management Experience: 1,500 hours of professional experience on a project team
What is the CAPM exam format?
- Exam Type: Multiple choice
- No Of Questions: 150 questions per paper: 135 scored, 15 unscored
- Exam duration: 3 hours
- Result: The passing score is determined through psychometric analysis
- Type: Closed book exam
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