Costs Involved in PMP® Training Course
Getting a PMP® certification does not have to be a costly affair. Learn about all the expenses involved in acquiring a PMP® certification
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:
| Country | Currency | Cost Range |
|---|---|---|
| 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
- A secondary degree (high school or equivalent)
- 5 years of project management experience
- 7500 hours leading and directing projects
- 35 hours of project management education
- A four-year degree (bachelor’s degree or equivalent)
- 3 years of project management experience
- 4500 hours leading ad directing projects
- 35 hours of project management education
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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FAQs on PMP Certification
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- Focused 1-to-1 training can be customized as per your choice
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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
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FAQs on PMP Certification
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:
Option1
- Educational Background: Secondary degree (high school diploma, associate’s degree or the global equivalent)
- Project Management Experience: 7,500 hours leading and directing projects
- Project Management Education: 35 hours of project management education
Option2
- Educational Background: Four-year degree
- Project Management Education: 4,500 hours leading and directing projects
- Project Management Education: 35 hours of project management education
What is the PMP exam format?
- Exam Type: Multiple choice
- No Of Questions: 200 questions per paper: 175 scored, 25 unscored
- Exam duration: 4 hours
- Type: Closed book exam
- Result: The passing score is determined through psychometric analysis
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