Global Project Management League

Why PMP Certification

The Project Management Professional (PMP) Certification is a key to a brighter future ahead. But passing the PMP Certification isn’t as simple as taking a typical test, which usually just requires you to memorize correct answers and spit them out on a piece of paper.

To earn the PMP Certification, you will not only need to pass a test, but you’ll need to demonstrate proven real-world project management education and experience before you can even sit in on the exam. This proves that you have enough knowledge and skills to be a PMP Certified.

Earning your PMP Certification is a commitment. That’s why it’s valuable.

But what makes the PMP Certification so valuable?

To fully grasp its benefits, first, we must understand what PMP is and what it means to have a PMP certification behind your name as a project manager.

What is PMP?

PMP®, which stands for Project Management Professional, is a globally recognized professional designation for project managers in various industries, from government to private sectors. It is administered by Project Management Institute (PMI), a non-profit organization that aims to advance the project management profession worldwide through global advocacy, collaboration, education and research, and by providing accreditation in project management.

Many project managers have been performing their jobs for years, with or without formal training. But certifications can enhance project management professionals’ knowledge and skills. And because of the commitment behind earning the certification, it also adds to their credibility and earning potential.

Having a PMP certification demonstrates that you have the competency, essential knowledge, experience and education. These qualities will help you lead and direct projects successfully and effectively contribute to strategic and organizational success.

Benefits of PMP Certification to Individuals

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Potential Higher Income

According to PMI’s latest Project Management Salary Survey Report, Earning Power: Project Management Salary Survey—Eleventh Edition, the median salary for PMP holders across the 42 countries surveyed is 22% higher on average than those without PMP certification. 

This varies widely from country to country. For instance, those holding PMP certification demonstrate the largest salary increase in the Philippines (84%) and Indonesia (82%) than those who do not hold the certification. In the United States, those holding PMP certification report a 26% salary increase than those who do not hold the certification.

Though median salaries vary significantly on a number of factors such as country of employment, number of years of experience, position/role, and average size of projects managed, PMP certification can make a difference to a project manager’s salary. This certification carries a huge weight in organizations that they are willing to pay more for those who holds the standard framework of project management. In the later section, we’ll explore the benefits of PMP certification to organizations.

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More Job Opportunities

As the global economy becomes more project-oriented, so is the demand for project managers. According to the latest PMI report, PMI (2017). Project Management Job Growth and Talent Gap 2017–2027, employers will need to fill nearly 2.2 million new project-oriented roles each year, from 2017-2027. That’s a total of 87.7 million individuals working in project-management oriented roles by 2027!

The dramatic increase in the number of jobs requiring project-oriented skills is widening a talent gap worldwide as much of the available talent reaches retirement age. This widening gap for skilled project manager professionals presents a substantial opportunity for those who are pursuing a career in project management. One way to take advantage of this talent gap is to start or advance a career in project management with a PMP certification.

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Lateral Move to Other Industries

The practice of project management continues to expand within industries that were traditionally less project-oriented, such as health care, information service, and publishing. In the United States, the health care sector has the biggest percentage increase, 17% growth, in project-oriented jobs among sectors analyzed.

Since the PMP certification is not tied to any one specific methodology, industry, or region, it is useful to almost any industry and can move and adapt with your career. Having a PMP credential gives you an advantage to move laterally across other industries that may pay more than the industry you’re currently in. For instance, the median salary of a project management professional in the healthcare industry in the Untied States ($108,319) pays more than project management professionals in the training/education industry ($84,500). 

Having a PMP certification shows that you speak the common business language, and can transfer the knowledge in almost any industry, thus giving you more career opportunities and higher salary potentials.

Meets the Marketplace Demands for PMP Certification

As the global economy becomes more project-oriented, more and more companies are realizing the importance of project management. To remain competitive in a complex business environment, employers demand for practitioners with the necessary mix of competencies to meet their strategic and business objectives. Therefore, the marketplace demands for PMP certification or other project management certifications. Here are just some examples of job postings that either require or prefer PMP certification.

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Having a PMP certification allows you to meet and apply for certain job opportunities that a non-PMP holder would not be able to.

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Boosts Your Credibility

Carrying a PMP credentials boosts your CV/adds value to your resume, and makes you more marketable than non-PMP holders. A PMP Certification demonstrates validation of your domain knowledge and experience by a 3rd party, PMI, a globally recognized leader in the industry. It is a formal display of your project management ability and experience, which boosts your credibility and could get you to the next level in your career.

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Emphasizes Your Commitment to Professional Growth

Applying for the PMP certification is a long process, and you’ll need to obtain specific hours of project management experience first to qualify for the exam. Your PMP certification emphasizes your commitment to professional growth. This will prove you’re willing to continue to develop your knowledge, skills and abilities.

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Learn Important Skills Relevant to Current Industry Practices

Certifications are developed by practitioners and upheld by rigorous standards, always reflecting current industry practices. By obtaining your PMP certification, you also prove you’ve earned relevant and up-to-date skills that can help you do project management better.

Benefits of PMP Certification to Organizations

Complete More Projects On-time and On-budget

According to PMI’s Pulse of the Profession report, low-performing organizations waste almost 10 times more money on projects and programs compared to high-performing ones.

This study shows that high performers are more likely to focus on getting the necessary resources and develop their skills for better project management. Your PMP certification will prove you have this capabilities and you belong to these high performing organizations.

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Successful Projects

PMI introduced a project management framework which is the basis for the PMP certification. PMP professionals are capable of managing multiple projects in a smart way and bring success to each project.

Additionally, PMP professionals save time and money since they manage every project in the most efficient way possible. With all the additional knowledge and skills you’ve learned from your project management education, you’re capable of delivering successful projects on time and within budget.

Process Maturity

Process maturity indicates how close a developing project is to being complete and capable of continual improvement. It needs to be useful, automated, reliable for information and continuously improving for a process to mature.

By obtaining your PMP certification, you can now prove you’re capable of executing every project well, resulting in project success.

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Knowledge Transfer

Professional project managers communicate effectively for the success of each project. Informal communication level, and lack of trust and turnover rate are what affect a successful knowledge transfer and project execution.

Knowledge can be earned through collaboration and individual experiences. By obtaining your PMP certification, it is proven that you’re capable of adapting to organizational culture and environment, and work with a team to achieve one goal. These factors are also the key to an efficient knowledge transfer.

Cultivates Culture of Project Management

Competitive advantage provides organizations with the benefits of attracting and retaining clients while defending themselves from their competitors.

To achieve a sustainable competitive advantage, an organization must execute generic strategies that can help organizations to outperform their competitors. By obtaining your PMP certification, you’re able to work effectively with your team and make sure you’re one step ahead of your competitors.

Knowledge can be earned through collaboration and individual experiences. By obtaining your PMP certification, it is proven that you’re capable of adapting to organizational culture and environment, and work with a team to achieve one goal. These factors are also the key to an efficient knowledge transfer.

The benefits of obtaining your PMP certification don’t just end at having a certificate. Endless opportunities and possibilities are waiting for you as you pursue your project management career.

Take your certification and skyrocket your career now.