PMI® PMP® Certification - Benefits For You & Your Organisation

PMI® PMP® Certification - Benefits For You & Your Organisation

Insights | 24 October 2014

The PMI® PMP® certification program, originally launched in 1984 was created to provide a rigorous, high calibre examination-based credential for project management professionals and the project community.

Today there are:

  • Over 594,000 PMP® credential holders worldwide.
  • More than 4 million A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) are in current circulation.
  • Over 14 million pages referencing PMI® PMP® on the web.

As project management is one of the top skill-sets demanded by organizations around the world, the PMP® accreditation is more important now than ever before.

One-fifth of the world’s GDP, or more than $12 trillion, is spent on projects. And with many skilled practitioners leaving or scheduled to leave the workforce due to retirement…there is a great demand for knowledgeable project managers.”
Project Management Institute

But what does gaining the PMP® credential really mean in terms of specific benefits for your and your organisation?

Benefits for Individuals

  • PMI® professional credentials are widely recognized and accepted by organizations around the world as evidence of a level of knowledge and experience in project management.
  • The PMP® credential is the most important industry-recognized certification for project managers. Globally recognized and demanded, the PMP® demonstrates that you have the experience, education and competency to lead and direct projects.
  • This recognition is seen through increased marketability to employers and higher salary; according to the PMI® Project Management Salary Survey–Seventh Edition, certification positively impacts project manager salaries. Current survey estimates are 15-20% more.
  • The PMI® certification program supports professional growth and advancement while building greater project management knowledge and skills.
  • The PMP® certification reflects best practices in the discipline of project management, not any one standard or industry. This provides better transferability between organizations and industries. Credential holders can have confidence that the PMP® credential provides a baseline recognized in a variety of organizations, industries, and methodological approaches.
  • Since PMI® maintains such rigorous practices to keep its certification program relevant and validated, you never have to worry about a PMI certification becoming obsolete.

Benefits for Organisations

  • The PMP® program is the first professional certification program in the world to attain International Organization for Standardization (ISO) 9001:2000 recognition, a globally recognized mark of a quality management systems.
  • PMI® has provided project management certifications for over 25 years, and the PMP® credential was the first one designed specifically for project managers.
  • PMI® provides independent certification of project managers as part of its role in setting industry standards for the profession.
  • The aim of the PMP® Certification exam and its attendant requirements is to provide consumers of these services with some assurance that the person or people delivering the project management service meet independently verified standards of practice.
  • PMI®’s certification program is designed to ensure that all certification holders have demonstrated their competence through fair and valid measures. One of the ways in which this is implemented is through a scenario-based multiple-choice examination format, which is a highly reliable way to assess project management competence.
  • PMI® uses highly reputable testing organizations to obtain third-party validation of the PMP® program. Unlike interviews and essays, which are not reliable and can be influenced by many factors other than the test taker’s professional background, PMI®’s program reflects a methodology used by most world-class licensing organizations, such as nursing, architecture and engineering.
  • PMI® goes beyond testing to assess PMP® certification candidates by using the 5E’s of project management competence:
    • Education for Eligibility. A minimum number of contact hours in education are required.
    • Experience. A minimum number of hours that are aligned with specific project management tasks are required.
    • Examination. A scenario-based multiple-choice examination format is used and provides a highly reliable way to assess project management competence.
    • Ethics. All candidates and certification holders must adhere to the PMI® Code of Ethics and Professional Conduct.
    • Education for Certification Maintenance. PMI®’s Continuing Certification Requirements (CCR) program also reflects these best practices. The CCR program ensures that certified practitioners maintain and continue to develop their competence in project management, unlike other certification programs that are lifetime achievements.

To find out more about PMI® PMP® Certification please speak to one of our Professional Development Consultants today on +65 6818 5771.

PMP is a registered mark of the Project Management Institute, Inc.
PMBOK is a registered mark of the Project Management Institute, Inc.
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