According to the report Talent Gap: Project Management through 2020 published by PMI®, about 15.7 million Project Management job opportunities are expected to emerge by 2020. 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. We have covered all the charges, from the PMP® course fee to certificate renewal, so you can be well-equipped with the necessary information before you start your PMP® certification!
Country-Wise Breakdown of the PMP® Certification Cost
Project Management Professionals or PMP®s are currently highly in demand in the market. The PMP® certification widely accepted and recognized across the globe, and as such, the certification is not limited to a certain geography.
Here is a summary of the PMP® certification cost in India and other countries:
|US||USD||1500 to 3500|
|India||INR||15,000 to 18,000|
|Canada||CAD||1500 to 2500|
|Australia||AUD||1000 to 1800|
Additional Fees Related to PMP® Certification
In addition to the PMP® training fees applicable, there are a few other costs involved in the certification process. These include:
|Cost Component (Various Cost Aspects)||Cost|
|PMI® Membership cost along with one-time joining free (optional)||$129 + $10|
|PMI® Membership renewal cost||$129 per year|
|PMP® Certification Exam fee for PMI® members||$405|
|PMP® Certification Exam fee for non-members||$555|
|Rescheduling fee for PMI® members||$275|
|Rescheduling fee for non-PMI® members||$375|
|Program Management Body of Knowledge (PMBOK®) handbook cost for members||free|
|Program Management Body of Knowledge (PMBOK®) handbook cost for non-members||$50 (available on Amazon)|
|Cost of study guides and resources||$40 to $100|
|Cost of practice tests||$60 to $100|
|Renewal cost of PMP® certification for PMI® members||$60|
|Renewal cost of PMP® certification for non-members||$150|
Bagging a PMP® certification could make you eligible for a few of the most highly-coveted jobs. It spices up your resume and adds credibility to your skills as a project manager. While it may appear that the PMP® certification exam fees may seem a lot, clearing the exam is an achievement, and it acts as a testament to the dedication that you have for the job profile. Most importantly, in this era where the competition is intense, a PMP® certification will give you an edge over your peers.
The PMP® networking groups are highly active, and you will always be updated on the latest happenings across the industry. Most importantly, you can expect a salary hike of at least 20% when you are a certified Project Management Professional.
Following is the eligibility criteria for appearing for PMP® certification
The Project Management Institute or PMI® is an American organization that conducts the PMP® certification exam and grants PMP® certification.
PMP® certification is valid for a period of exactly three years from the date of receipt of the certification.
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What are the pre-requisites to take up PMP Examination?
There are a set of minimum requirements to be met for PMP certification. The pre-requisites to take the PMP certification exam are:
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