There are many reasons to consider pursuing a PMP® certified workforce, not all of which will apply to your business. Let’s look at a few common ones.
Not necessarily. It’s important to note that the PMP® exam does not validate an employee’s past results, nor does it assess individual strengths, skills, and liabilities. Instead, the PMP® certification validates these three things:
Not necessarily. However, there are a few areas where PMP® has the advantage over the certifications. First and foremost, it is the most common globally. This means that the PMP® credential also makes it easier for your employees to pursue more specialized certifications through PMI.
As with any investment in your employees’ professional development, this does happen from time to time. However, for most companies, the bigger risk is that employees will gravitate to employers who offer certification reimbursement as a benefit. If you are not offering this support, you may find yourself lagging behind competitors in terms of talent attraction, retentions, and engagement.
First, your employee will need to have at least three years of project management experience. They do not have to have the title of project manager, but they must prove that they were the person responsible for leading the project team to achieve the success criteria.
They will also need to get 35 hours of project mangement education. While not required, getting this education through one of PMI’s Authorized Training Partners can speed application approval in the case of an audit.
PMP® preparation courses count toward the 35-hour total. Some organizations choose to offer this to their employees privately as a group. This not only makes test prep easier, it also enables an instructor to tailor examples and connect concepts to your industry. (Interested in how we could provide a private PMP training for your company? Contact us).
Finally, your employee will need to spend 10-40 hours studying for the exam (often in addition to a PMP® exam prep course). Make no mistake-this is a difficult exam. Studying is essential.
Yes. The sooner you achieve a critical mass of PMP® certified employees, the sooner you can leverage common understanding of tools, techniques, and terminology for better results. In addition, if many employees are preapring for the exam at the same time, you may be able to get discounts on things like test prep software and exam prep courses.
Yes. The sooner you achieve a critical mass of PMP® certified employees, the sooner you can leverage common understanding of tools, techniques, and terminology for better results. In addition, if many employees are preparing for the exam at the same time, you may be able to get discounts on things like test prep software and exam prep courses.
PMP® certification (or an equivalent) is usually a pre-requisite to doing PMO development work because it demonstrates both validated experience and knowledge of the profession. However, it is not enough to qualify a person or company for PMO development work. Other things to consider for a PMO role are:
The exam fee is $450 for PMI members. However, additional costs might include PMP® prep materials, a PMP® prep course, and retake fees if the exam isn’t passed the first time.
At minimum, it’s a good idea to reimburse your employees for the exam fee itself. When the certification adds direct values to your bottom line (for example, by making you more competitive for bids) you should consider reimbursing or paying for PMP® exam prep resources and/or courses. You might also choose to allow employees the time away from work to take such a course.
Yes. You can consider formally setting certification as a performance expectation (If you do this, be sure to reimburse for the exam fee and provide work time to study or take a prep course). You can also offer incentives, such as a one-time bonus or raise in recognition of the credential.
It is possible for a person to self-study for the exam, but most people find this to be difficult and time-consuming. Your employee will need to purchase multiple resources to cobble together an effective study plan. The fastest way to study for and pass the exam is to take an exam prep course with one of PMI’s Authorized Training Partners. These partners teach exam prep content provided directly from PMI (often supplemented with additional aids) so you can have confidence that your team member is studying exactly what they need to for exam success.