PMP Certification Cost in 2023
A recent study shows that over 88 million project management-related job roles will be created by 2027. So, where does that leave an aspiring project manager?
With everlasting competition in the job market, one can always stay ahead with the best of knowledge. The Project Management industry is bound to expand by $6.1 trillion, especially with project-intensive industries projecting a 37% increase. If these figures and statistics have you excited, then it’s about time that you seriously consider a PMP certification.
Here we have all the expenses that you will need to worry about, from the PMP certification cost, PMP certification exam fee,to certificate renewal fee.It is always the best approach to be well-equipped with the necessary information before you start your PMP certification!
Country-Wise Breakdown of the PMP Certification Training Cost
Project Management Professionals (PMP) are currently high in demand in the market. The certification is not limited to a certain geography, the PMP certification is widely accepted and recognized across the globe.
Here is a summary of the PMP certification training cost in various countries:
Additional Costs Related to PMP Certification That You Must Consider
In addition to the PMP training fees applicable, there are a few other costs involved in the certification process.
In view of the current pandemic situation, the PMI and Pearson-VUE have come up with reinstating the rescheduling and cancellation charges levied upon the candidates from 15th May 2021. The two significant changes that will be seen include:
- The candidates who are showing symptoms of COVID-19, or have direct exposure, or required to quarantine, or have positive test results will not be charged with the rescheduling and cancellation fee and this will include the Pearson-VUE related cancellations and rescheduling.
- If the candidate cancels or reschedules the exam before the 30 days of the scheduled exam, there will be no charges for rescheduling or cancelling the exam.
| Cost Component (Various Cost Aspects) | Cost |
|---|---|
| PMI Membership Cost | $129 + $10 |
| PMI Membership Renewal Cost | $129 per year |
| PMP Certification Exam Fee (PMI members) | $405 |
| PMP Certification Exam Fee (Non-members) | $555 |
| PMP Exam Rescheduling Fee (PMI members) | $275 |
| PMP Exam Rescheduling Fee (Non-members) | $375 |
| Cancelling Fee within 30 Days of Exam | $70 |
| Cost of Study Guides & Resources | $40 to $100 |
| Cost of Practice Tests | $60 to $100 |
| Renewal of PMP Certification (PMI Members) | $60 |
| Renewal of PMP Certification (Non-Members) | $150 |
Other Project Management Certifications Cost
Here we have the top project management certifications in 2023 that will skyrocket your professional capabilities in the project management domain.
| Certifications | Average Certification Cost |
|---|---|
| Average PMP® Certification Cost | $ 900 - 1200 |
| Average PRINCE2® Certification Cost | $ 800 - 1400 |
| Average CAPM® Certification Cost | $ 800 - 1100 |
| Average AgilePM® Certification Cost | $ 800 - 1000 |
| Average Certified Scrum Master (CSM®) Cost | $1000 - 1400 |
| Average Change Management Certification Cost | $1800 - 2100 |
Invensis Learning's PMP Certification Training
During an audit, several errors might lead to a request being flagged. In addition, applications will be randomly scrutinized and audited. If the requirements of PMI are not met, the candidature may be cancelled and not fit for the PMP test. Invensis Learning has been reviewed and approved by the PMI Authorized Training Partner Program to provide a 4-day instructed led PMP Certification Training. To meet the application requirements with 35 PDUs.
Conclusion
PMP certification is a globally recognized and advanced project management certification. The certification cost is the investment of a very glorious career ahead in project management. Give yourself a chance to grow in your career with PMP certification training with a PMI authorized training partner like Invensis Learning. The PMP certification training does not only hold the guarantee of financial well being, it offers advanced project management skills to solve complex project management related problems.
FAQs on PMP Certification Cost
How Much is The PMP Exam in 2023?
The cost of the PMP Certification exam is USD $405 For PMI Members and USD $550 for Non-PMI Members.
What is The Cost Of PMP Certification?
| PMP Certification Exam Fee | 405 USD |
| PMP Certification Membership Fee | 139 USD |
| PMP Certification Training Cost | 1000-1200 USD |
| PMP Certification Rescheduling Cost | 275 USD |
| PMP Certification Cancellation Charges | 70 USD |
| PMP Certification Case Study | 40-100 USD |
Fow How Long Does The PMP Certification Stay Valid?
The PMP Certification is valid for three years, starting from the day the candidate clears the exam. In this period, the candidate must earn 60 PDUs to maintain the PMP credential after the completion of 3 years.
FAQs on PMP Certification
How do I enroll for training?
You can enroll for training by following below mentioned points:
- Select a course
- 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 PMP Certification
What is the cost of the PMP Exam?
The PMP Certification Exam cost is USD 405 for members and USD 555 for non-members.
What qualifies as PMP experience?
The project management experience is any work that is spent planning and executing projects. This may include any work related to initial planning, time management, execution, budget allocation, risk management, etc.
Who should take up the PMP exam prep course?
Job roles that can benefit from the PMP Exam Prep Course include, but are not limited to:
- Associate Project Managers
- IT Project Managers
- Project Coordinators
- Project Analysts
- Project Leaders
- Product Managers
- Program Managers
- Project Sponsors
- Project Team Members
What is the PMP certification training course objective?
After completing your PMP Exam Prep training, you will gain an in-depth understanding of:
- Initiating a project
- Planning project work
- Developing Project schedules, cost estimates, and budgets
- Planning project staffing and communication
- Analyze projects risks
- Plan and manage project procurement
- Monitoring and controlling of project work, and more
What are the prerequisites to take the PMP exam?
There are a set of minimum requirements to be met for PMP certification. The prerequisites to take the PMP certification exam are:
Scenario 1
- Educational Background: Secondary degree (high school diploma, associate’s degree, or the global equivalent)
- Project Management Experience: 60 months leading and directing projects
- Project Management Education: 35 hours of project management education or CAPM certification
Scenario 2
- Educational Background: Four-year degree
- Project Management Education: 36 months hours leading and directing projects
- Project Management Education: 35 hours of project management education or CAPM certification
What is the PMP exam format?
- Exam Type: Multiple choice, multiple responses, matching, hotspot, etc.
- No Of Questions: 180 questions per paper, 175 scored
- Exam duration: 230 Minutes
- Type: Closed book exam
Result: The passing score is determined through psychometric analysis
Is it difficult to get PMP certified?
The most challenging part is clearing the eligibility criteria for the PMP Certification. Once you have done that, half the job is done. The other half is the examination and maintaining the credential. A structured learning path and dedicated preparation are needed to get PMP certified.
How long does it take to get PMP certified?
After clearing the necessary eligibility requirements for the PMP Certification, including the 35 hours of training/learning, the application process can be started. Where the audit will take place, and a candidate has to pay the exam fee. This could take anywhere between 5 days to 3 months. In short, getting a PMP certification can take up to 8-10 weeks, including the preparation and PMP Certification training.
Can I get PMP certified without experience?
The eligibility criteria clearly state that a candidate must have project management experience. So, unfortunately, a candidate cannot get a PMP Certification without experience. But a little relaxation in qualifications is overwhelming. A high school diploma holder can also appear for the certification after completing the other eligibility requirements.
Does PMBOK® Guide - 7th edition play a role in the PMP certification training?
The most important thing to consider with the PMBOK® Guide - 7th edition is that it does not make any impact on the PMP Exam Prep Training material. The training material is solely based to cater the PMP exam content outline which was reconstructed in January 2021, and covers the new domains i.e people, processes, and business environment along with the tasks and enablers in respective domains.
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