What is PMP? How important is it for a career in project Management?
Project Management Professional (PMP) certification is an industry
recognized credential for project managers. PMP demonstrates the
experience, education, skill and competency required to lead and direct
projects. PMP is the most sought after certification administered by Project Management Institute (PMI), USA.
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Project Management Professionals are imperative in every industry. The demand is in terms of the skill requirements which vary between different industries and geographies. As per 2014 survey report by PMI, there will be huge opportunities for practitioners of Project Management. As companies recruit people from various cultural backgrounds, the need for project managers with a standardized set of skills increases. These project managers would be expected to undertake projects on system reorganizations, turn strategic vision into tangible goals, and ensure effective and agreed outcomes, while balancing various project constraints.
Project Management Professional (PMP®) certification is a
qualification program overseen by the Project Management Institute
(PMI). In the computer and information technology (IT) industries, the
term project management refers to a methodical approach to software
development through defined stages called initiation, planning,
executing, controlling and closing.
The process for becoming a certified Project Management Professional involves a review of prior education and work experience followed by a written examination. Holders of the certification may use the designation “PMP” after their names in professional correspondence and publication. Each holder of the certification must adhere to a formal code of professional conduct and accumulate a certain minimum amount of relevant experience over a period of three years starting January 1 after successfully completing the examination process.
Project Management Professional is the second of three formal credentials administered by the PMI. The first or basic level is Certified Associate in Project Management (CAPM®), which qualifies the holder for work as part of a project team. The third or highest level is Program Management Professional (PgMP®), which certifies that the holder is competent to function as the leader of a team.
2. It enables you to show better performance as you
are exposed to new technologies and tricks that would assist you in
managing the projects. The set standards for the PMP exam are higher as
compared to other projects which will help you with an actionable set of
best practices.
3. It has become the must-have credential today. Most of the hiring companies are engaged in appointing the certified PMs alone for their firm. The firms have realized the significance of certification as it helps to win the business.
4. It highlights your personal drive to stay abreast of the knowledge, credentials, and, skills. Thus, it helps you to stand out in the competitive job market. Moreover, you can host a party with your friends for being a star in the group.
5. It confirms that you comprehend the global language of project management. It readily connects you to the professionals, organizations, and community across the world. A great network potential helps to move on the career ladder at a faster rate.
6. Another important benefit is you become the game changer. You have the choice to join a firm as you are competent enough to gain multiple opportunities. And you may evaluate the team members for a particular assignment and create a forward-thinking team.
7. It will make you love the profession as you get more challenging opportunities. As PMP demands experience to get through the exam, it readily validates your PMP skills and opens the door for accepting more challenging projects.
The details are as follows:
Project Management Professionals are imperative in every industry. The demand is in terms of the skill requirements which vary between different industries and geographies. As per 2014 survey report by PMI, there will be huge opportunities for practitioners of Project Management. As companies recruit people from various cultural backgrounds, the need for project managers with a standardized set of skills increases. These project managers would be expected to undertake projects on system reorganizations, turn strategic vision into tangible goals, and ensure effective and agreed outcomes, while balancing various project constraints.
The process for becoming a certified Project Management Professional involves a review of prior education and work experience followed by a written examination. Holders of the certification may use the designation “PMP” after their names in professional correspondence and publication. Each holder of the certification must adhere to a formal code of professional conduct and accumulate a certain minimum amount of relevant experience over a period of three years starting January 1 after successfully completing the examination process.
Project Management Professional is the second of three formal credentials administered by the PMI. The first or basic level is Certified Associate in Project Management (CAPM®), which qualifies the holder for work as part of a project team. The third or highest level is Program Management Professional (PgMP®), which certifies that the holder is competent to function as the leader of a team.
Why PMP is Important for Project Manager?
1. It exposes you to the current standards of project management, best practices, techniques, and the trends. It stands as an ideal goal as you can bet for PM postings across varied professional fields namely the Business processing, commerce, research, and, more.3. It has become the must-have credential today. Most of the hiring companies are engaged in appointing the certified PMs alone for their firm. The firms have realized the significance of certification as it helps to win the business.
4. It highlights your personal drive to stay abreast of the knowledge, credentials, and, skills. Thus, it helps you to stand out in the competitive job market. Moreover, you can host a party with your friends for being a star in the group.
5. It confirms that you comprehend the global language of project management. It readily connects you to the professionals, organizations, and community across the world. A great network potential helps to move on the career ladder at a faster rate.
6. Another important benefit is you become the game changer. You have the choice to join a firm as you are competent enough to gain multiple opportunities. And you may evaluate the team members for a particular assignment and create a forward-thinking team.
7. It will make you love the profession as you get more challenging opportunities. As PMP demands experience to get through the exam, it readily validates your PMP skills and opens the door for accepting more challenging projects.
The details are as follows:
- China reported the lowest average monetary waste on projects (7.6 percent or $76 million per $1 billion)
- Canada (7.7 percent or $77 million per $1 billion)
- India (8.1 percent or $81 million per $1 billion).
- Australia reported the highest average waste on project spending at 13.9 percent or $139 million per $1 billion.
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