The world's most generally accepted project management certification is the Project Management Professional (PMP®). Predictive, agile, and hybrid methods are part of PMP® Certification. It entails showcasing experience and knowledge in project leadership across all operating modes. Because of this, it also aids businesses in finding the personnel they require to operate more efficiently and effectively. It advances the careers of project managers in several sectors. The PMP® certification cost in India depends entirely on the candidate's PMI membership status.
The course cost and the PMP® exam are two primary components of PMP® certification. A decent PMP® training course covers all these aspects of preparing for the PMP® exam. Still, it also frequently includes extra charges for PMP® study materials and mock test simulators.
What Is The Price Of PMP® Certification In India?
The PMP® certification consists of seven main components or cost heads. The following sections provide a detailed description of them.
You may have to pay anything from Rs. 63,863 to Rs. 94,863 for the PMP® certificate. You cannot change the exam fee because it is non-changeable, but you can save by spending money on a reasonable training course.
Application Fee For PMP® Examination
You can only take the PMP® exam after completing the application and registering on the PMI website.
It is possible to apply for the exam directly without being a PMI member or to apply for the exam after obtaining a PMI membership.
You will need to pay Rs. 7,646 for membership and Rs. 772 for joining to become a member. Becoming a member of PMI is advantageous since members receive a discount on the exam application fee. The exam cost for non-members is Rs. 42,863, but only Rs. 23,459 for members.
Fee For PMP® Certification
To take the PMP® test, candidates must complete 35 contact hours of project management coursework.
The price range for a quality training program is between Rs. 12,000 and Rs. 25,000. It can end up being the most costly component of your overall expenditure. It depends on the training facility and program you select.
You can sign up for self-directed online training or live instruction with an instructor. In general, live training costs far more than online instruction.
Practice Exams
There are plenty of free practice exams available online, but you'll need to spend money on a commercial exam because the validity of many of the free exams is in doubt.
A simulator with many practice questions is one of the most crucial tools for passing the test on the first try. A quality simulator will boost your confidence in addition to testing your knowledge. You must spend money on an excellent simulator to improve your chances of passing the test.
A decent simulator might cost anywhere from Rs. 4,500 and Rs. 22,500.
The PMBOK Guide
The primary source of information for preparing for the PMP® test is the PMBOK Guide. The PMI vocabulary can be understood by studying the PMBOK Guide, even if it is not required.
One advantage of signing up with PMI is obtaining a complimentary digital edition of the PMBOK Guide.
Purchase a paper copy of the Guide if you are uncomfortable with a digital version. You can pay approximately Rs. 2,500 on Amazon for a paper copy of the Guide.
Fee For Reexamination
You have up to three chances to pass the exam after accepting your application. In the unfortunate event that you fail the exam, you have the option to retake it. There is a re-examination charge that you must pay for each attempt.
The re-examination cost is Rs. 28,961 for non-members and Rs. 15,929 for members.
Fee For Renewal
A three-year renewal of the PMP® certificate is required. Follow the proper procedure to renew the certificate; the cost is Rs. 3,475 for members and Rs. 11,585 for non-members. Staying a member for three years is optional to renew your certification. Restore the certificate by paying the complete renewal cost or by enrolling in membership in the third year.
Who Is Eligible For PMP® Certification Exam in India?
The PMP® certification is held by over a million individuals worldwide, as per PMI. Passing the PMP® Certification Exam in India is a requirement for becoming one. Before applying, confirm that you meet the requirements listed below for PMP® Certification.
- four-year diploma
- overseeing activities for three years
- Either a CAPM® Certification or 35 hours of project management training.
- The global equivalent of a high school certificate or associate's degree
- A year spent heading up projects.
- A CAPM® Certification or 35 hours of project management training
What Are The Advantages Of PMP® Certification In India?
Project managers in India find great value in having a PMP® certification. It strengthens their reputation and enables them to exhibit their proficiency in project management. The following are some advantages of earning a PMP® certification in India:
Improved Employment Prospects
Project managers in India might find new employment options with the PMP® Certification. They stand out from the crowd and are more appealing to employers. According to a PMI survey, 71% of Indian employers prefer working with PMP®-certified project managers.
Higher-Income
Among the highest-paying certifications available are those for PMP®. The average income of a project manager with PMP® certification in India is INR 16.3 lakhs, more than that of a project manager without accreditation.
Enhanced Abilities In Project Management
The PMP® certification will provide an efficient project manager with the requisite knowledge and abilities. It includes planning, executing, monitoring, and controlling projects, among other areas of project management. Project managers who have earned their PMP® certification are better suited to manage challenging projects and produce outcomes on schedule and under budget.
With its ability to provide you with more excellent prospects, skills, and pay, the PMP® certification might be a significant investment for your career overall.
More About PMP® Certification Exam
Exam Pattern:
There are 200 multiple-choice questions in the computer-based PMP® exam. It has 175 scored questions and 25 pretest questions used for future tests. Your final score is unaffected by the questions on the exam.
Test Content Outline:
This test covers various domains, such as Planning, Executing, Monitoring and Controlling, and Closing. Questions evaluate your understanding of stakeholder communication, risk management, cost management, timeline, and project scope.
Passing Score:
In India, you must obtain a scaled score of at least 61% to pass the PMP® test. Since the passing mark is according to the complexity of the questions you get on the exam, PMI does not provide a precise score.
Why Does PMP® Certification Matter In India?
There are various reasons why obtaining a PMP® certification is crucial in India.
- Industry Recognition: Its widespread recognition and esteem lend credibility to a project manager's abilities and expertise.
- Career Advancement: Professionals with PMP® certification frequently have access to more excellent work possibilities, higher wages, and more opportunities for internal promotion.
- Skill Validation: The certification attests to the bearer's proficiency with best practices in project management and guarantees that the bearer can lead and complete projects successfully.
- Global Reach: The PMP® certification benefits and value help professionals worldwide because it is not limited to any sector or geographical area.
- Standardization: It creates a standard sequence of assignments the board reviews and works on, fostering competence and uniformity in project management across endeavors.
The Bottom Line
The Project Management Professional (PMP®) certification is an advanced project management credential recognized worldwide. The certification fee is an investment in a bright future in project management. Allow yourself to advance professionally by enrolling in PMP® certification courses from a PMI-approved training provider, such as Invensis Learning. In addition to providing a guarantee of financial security, the PMP® certification program delivers advanced project management abilities to address challenging project management issues.
For those who want to become project managers, it is essential to comprehend the cost of PMP® certification in India. It is crucial to weigh the investment against the potential professional rewards. When approached thoughtfully and strategically, the PMP® certification turns into a helpful tool that helps people advance into the world of project management excellence and international recognition.
FAQs
Is PMP® Worth It In India?
Additionally, organizations that employ more than one-third of PMP®-certified managers have far greater project success rates than those that do not. According to a different survey, project managers who hold the PMP® certification get paid more. Therefore, in response to your query, Getting certified as a PMP® is worthwhile.
How Soon Can I Pass The PMP® Exam?
Nevertheless, most PMP®s advise at least two to three months of preparation time. Your unique study schedule, frequency of study sessions, length of study sessions, and a number of practice examinations you wish to take will all affect how long it takes for PMP® certification exam preparation.
Can Someone Without Experience Obtain A PMP® Certificate?
It is evident from the PMP® Certification that PMP Eligibility requires project management experience, which is a must for candidates. Consequently, with experience, a candidate can obtain a PMP® Certification. However, a minor laxity in requirements is excessive. After meeting the remaining qualifying conditions, a person with a high school diploma may also apply for the certification.
How Much Does Salary Increase With A PMP® Certification?
According to a PMI salary survey, PMP®-certified professionals can anticipate a compensation increase of up to 23% compared to their non-certified peers. The survey entails gathering pay data from 26,000 project managers across 34 nations worldwide. Nevertheless, the industry, region, education, experience, and problem-solving abilities affect pay.
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