PMP Certification Cost in 2021

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:

Country Name PMP Certification Training Cost
USA USD 1100 - 1600
India INR 12,000 - 18,000
Canada CAD 1400 - 1800
Australia AUD 1000 - 1600
UK GBP 700 - 1500
Germany EUR 1000 - 1400
Switzerland CHF 1000 - 1400
UAE AED 2300 - 3400
Saudi Arabia SAR 2100 - 3800
South Africa ZAR 8000 - 11000
Spain EUR 1100 - 2500
Netherlands EUR 1100 - 1200
Singapore SGD 1100 - 1300
Hong Kong HKD 6000 - 7500
China CNY 5500 - 6500
Norway NOK 9500 - 11000
Sweden SEK 10500 - 13800
Finland EUR 1100 - 1200
Qatar QR 2500 - 3600
Kenya KES 53000 - 85000
Tanzania TZS 1150000 - 1850000
Philippines PHP 24000 - 38000
New Zealand NZD 1200 - 1600
Israel NIS 2200 - 2500

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:

  1. 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.
  2. 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 2021 that will skyrocket your professional capabilities in the project management domain.

Certifications Average Certification Cost
PMP® Certification $ 900 - 1200
PRINCE2® Certification $ 800 - 1400
CAPM® Certification $ 800 - 1100
AgilePM® Certification $ 800 - 1000
PRINCE2® Agile Certification $1200 - 1500
Certified Scrum Master (CSM®) $1000 - 1400
Change Management Certification $1800 - 2100

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

For 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.

The PMP Certification Exam cost is USD 405 for members and USD 555 for non-members.

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.

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

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

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

  • 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

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.

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.

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.

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