Project Management Certifications

Project management is driven by experienced professionals proficient in project management best practices and processes. Even organizations consider the project management certifications to measure the proficiency of the individuals. The project management certifications are a parameter to measure the skills and knowledge of individuals in project management.

Why Project Management Certifications?

Let's take a look at why you should go for project management certifications.

  1. Adds value to your professional capabilities: A certification credential comes with an abundance of project management skills and knowledge of best practices and processes that help you manage projects efficiently in unusual or difficult circumstances
  2. Global recognition: Since the certifications are globally recognized, they help you get global recognition. For example, more than 1 million PMP-certified professionals have created an ecosystem where their professional capabilities are backed by their certification credentials
  3. Project management skills and best practices: All the certifications make you proficient enough to manage projects with the best skills and practices in project management
  4. Financial growth: An additional advantage of increased financial growth is also one of the many reasons to pursue project management certifications
  5. Job Opportunities: With globally recognized certification credentials, it helps in bagging job opportunities in project management roles

Top 10 Project Management Certifications

PMP®

  • Project Management Professional PMP is an advanced-level project management credential that is awarded by the Project management institute. A globally recognized project management credential ensures profound knowledge in the project management domain 
  • The certification not only offers an understanding of the best project management practices, skills, and tools it also provides a kickstart to your career financially. With at least a 25% increase in a PMP certified professional than an uncertified project manager 
  • The certification gives a clear understanding of critical decision-making for the success of projects using project management skills and best practices 

Salary - A PMP-certified professional makes an average of 110K USD a year.

Eligibility - Since PMP is an advanced level certification, the candidate must fulfill a few eligibility requirements that include both professional and educational requirements.

  • You must have a 4-year degree, with an experience of 36 months leading projects with 35 hours of project management education or CAPM certification
  • The other alternative is when you have a high school diploma with 60 months of experience leading projects with 35 hours of project management education or CAPM certification

Exam Format  - The exam format contains 200 multiple choice questions in a 4-hour time limit. The closed book type exam format is evaluated through psychometric analysis.

PRINCE2® Foundation & Practitioner

PRINCE2 is a project management certification offered by AXELOS, the globally recognized certification ensures a profound knowledge in PRINCE2 methodology, principles, and best practices. The certification offers two levels, foundation, and practitioner that offers a clear understanding of  PRINCE2 methodology for managing end-to-end projects efficiently.

Salary - the average salary for a PRINCE2 certified project manager is around 90K USD annually, And since, the certification is offered in two levels foundation and practitioner.

There are no eligibility requirements for PRINCE2 foundation but the PRINCE2 practitioner certification requires the candidate to get the PRINCE2 foundation certification before they can appear for the PRINCE2 practitioner certification exam.

Exam format contains 75 questions in the PRINCE2 foundation exam out of which 5 are not scored. The candidate is required to score at least 50% or 35 marks out of 70 in the closed book exam setting.

Unlike the PRINCE2 Foundation, the practitioner exam format has 8 questions and each question has 10 question items further. The candidate must score at least 44 marks out of the 80 marks to get PRINCE2 Practitioner certification.

CAPM

CAPM or certified associate in project management is an entry-level certification credential in project management that is offered by PMI®. A CAPM certified professional has a profound knowledge of project management fundamentals, skills, best practices for handling a project. A CAPM certification can be a good stepping stone for individuals who are seeking a promising career in project management.

Salary - With an average salary of 92k USD annually, CAPM certification is a great financial boost to a candidate’s career. The certification requires the candidates to fulfill an eligibility criterion that needs an associate degree and 23 hours of project management education. And the exam format contains 150 multiple choice questions in a closed book setting. The candidate must attempt the questions within the 3 hours time upon which the evaluation is done by psychometric analysis.

CSM®

Certified ScrumMaster is a professional certification credential offered by the Scrum Alliance that ensures a deeper understanding of the Scrum framework and agile project management skills and practices. Apart from global recognition, a certified scrum master has the ability to lead and manage teams to fulfill specific goals in a dedicated time.

Salary - The average salary for a certified scrum master ranges somewhere around 97,000 USD.

Eligibility - Attend a two-day classroom training taught by a Certified Scrum Trainer® (CST®), or receive private coaching from a Certified Agile Coach (CAC). Have 14 hours of live online or 16 hours of in-person training with your CST, or 25 hours of face-to-face interaction with your CAC. After completing the course, you will need to accept the License Agreement to take the CSM test that’s available in 13 languages.

Exam format - The exam format contains 50 multiple choice questions out of which a candidate must answer 75% of the questions correctly in 60 minutes' time.

AgilePM®

AgilePM certification from APMG is the most popular credential in the field of Agile Project Management. There are two levels of certifications - AgilePM Foundation & AgilePM Practitioner. AgilePM ensures a deep understanding of how to seamlessly blend Agile practices with control and governance of project management and will set you on the path of becoming a successful Agile Project Manager. You will get a practical understanding of the underlying philosophy and principles of AgilePM and how to apply them in any industry. You will understand the background of agile in project management.

AgilePM ensures profound knowledge to understand & assign roles and responsibilities and appropriately configure the lifecycle of an Agile project to a given project scenario.

Salary - The average salary for an AgilePM certified professional is  108,000 USD.

Eligibility - Fortunately, there are no eligibility requirements for the AgilePM Foundation certification from APMG, but the candidate must clear the foundation certification before appearing for the AgilePM Practitioner certification.

Exam format - to get the AgilePM Foundation certification, the candidates are required to answer 25 correct questions out of 50 multiple choice questions in a closed book setting. For the AgilePM practitioner, the number of questions is 4 that represents 80 points, the candidate must score 50% POINTS to get the certification in 150 minutes or time.

PRINCE2® Agile

PRINCE2 Agile Certification is accredited by AXELOS. There are two levels of PRINCE2 Agile certifications - PRINCE2 Agile Foundation & PRINCE2 Agile Practitioner.  PRINCE2 agile certifications ensure an understanding of how you can combine the flexibility and responsiveness of Agile with the clearly defined governance of PRINCE2.

PRINCE2 Certification helps the candidate ‌acquire‌ ‌a good‌ ‌hands-on‌ ‌understanding‌ ‌of‌ ‌PRINCE2‌ ‌governance‌ ‌requirements‌ ‌and‌ ‌how‌ ‌to‌ ‌implement‌ ‌them‌ . You‌ ‌will‌ ‌gain‌ ‌a‌ ‌broad‌ ‌range‌ ‌of‌ ‌knowledge‌ ‌of‌ ‌Agile‌ ‌concepts‌ ‌and‌ ‌techniques‌ ‌including‌ ‌Scrum,‌ ‌Kanban,‌ ‌etc.

Salary - The average salary for a PRINCE2 agile certified professional is somewhere around 100K USD a year.

Eligibility - Fortunately, there is no eligibility requirement for the PRINCE2 agile foundation certification, but you must complete the foundation certification before you can go for PRINCE2 agile practitioner certification.

Exam format - The exam format for PRINCE2 agile foundation is 50 questions in a closed book setting, where the candidate must answer 55% of the questions correctly in 60 minutes time. While, for a practitioner certification exam, the candidate must answer 60% of the 50 questions correctly in 150 minutes of time in an open book setting.

Business Analysis Foundation & Practitioner

>Business Analysis Certification is a globally recognized credential offered by EXIN. The certification is offered in two levels – Foundation and Practitioner. The certification helps in understanding organizational process change, strategy analysis, business analysis process models, etc. The candidate will learn about the process of identifying an organization’s stakeholders and their interests. The business analysis certification will help you understand how you can assess its influence or how the organization impacts them.

Salary - The average salary after getting a Business analysis certification would be somewhere around 75K USD.

Eligibility - Fortunately, There are no eligibility requirements to get the Business analysis certifications by EXIN.

Exam format - You can appear for the exam that will consist of 40 multiple choice questions in a closed book setting. out of which a candidate must answer 65% of the questions correctly in 60 minutes of time.

Conclusion

For a fruitful and prosperous career in project management, in terms of financial growth, professional capabilities, and global recognition. You can go for the project management certifications and kickstart your career in the project management community. Check out Invensis Learning's project management certifications to excel in your project management career.

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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