How Much PMP Certification Training Cost?
Project Management Professional (PMP) certification is one of the most sought-after credentials for project managers worldwide. Obtaining this certification provides numerous benefits, including increased salary, better job opportunities, and improved project management skills. However, PMP certification comes with certain costs, which may vary from country to country.
This article will discuss the PMP certification training cost, helping you make an informed decision about investing in this prestigious credential.
1. PMP Exam Fee
The PMP exam fee is one of the major cost components in the PMP certification process. This fee is charged by the Project Management Institute (PMI), which is the governing body for PMP certification. The exam fee is the same across the globe, regardless of the country or region.
The PMP exam fee is ₹42,863. This fee is applicable for both computer-based testing (CBT) and paper-based testing (PBT) exam formats.
2. PMP Training Cost
To be eligible for the PMP exam, you must complete 35 contact hours of project management education. This training can be obtained through various sources, including online courses, classroom training, and self-study programs.
The cost of PMP training varies depending on the training provider and the format of the training. Online training can cost as low as ₹8,000, while classroom training can range from ₹12,000 to ₹18,000, depending on the city and the training institute.
3. Study Material Expenses
Preparing for the PMP exam requires investing in study materials, which can include books, guides, and practice tests. The cost of study materials can vary, depending on your preference and study approach.
4. PMP Exam Application Process
The PMP exam application process involves completing an online application form, submitting the required documents, and paying the exam fee. There is no separate cost associated with the application process, but it is important to factor in the time and effort required to complete the application accurately.
5. PMP Re-examination Fee
If you do not clear PMP questions paper on your first attempt, you have two more attempts within one year of your application approval. For each re-examination, there is a fee associated. PMI members pay ₹15,929, while non-members pay ₹28,961 for each re-examination attempt.
6. Miscellaneous Expenses
In addition to the costs mentioned above, there may be other miscellaneous expenses to consider, such as travel expenses for attending classroom training, purchasing stationery or other study aids, or investing in additional resources to enhance your understanding of project management concepts.
7. Return On Investment (ROI) Of PMP Certification
While the cost of PMP certification can be significant, it is important to consider the return on investment (ROI) that it offers. PMP certified professionals often command higher salaries and have access to better job opportunities than their non-certified counterparts. According to a PMI salary survey, PMP certified professionals earn an average of 20% more than their non-certified peers.
Conclusion
The cost of obtaining PMP certification in India can range from ₹51,000 to ₹82,000, depending on the training provider, study materials, and other factors. Because of the career advancement one gets with PMP course, it is a significant investment. So, get a quick overview of PMP certification, select a reputable training provider, invest in high-quality study materials, and diligently prepare for the exam. This way you can maximize your chances of passing the PMP exam on the first attempt and reaping the rewards of this prestigious credential.
