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

FAQs PMP® Certification

Here are a few questions related to PMP® certification:

 

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
      (or)
    • 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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  • Syllabus of PMP Certification Training

    • 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

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    FAQs on PMP Certification

    Who should take up the PMP Exam Prep course?

    Job roles that can benefit from 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

    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
    • 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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