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PMI stands for Project Management Institute, which is a place/ institute assisting in the process of providing training to the candidates interested in having certification in Project Management Professional (PMP). Hence, PMI is an organization recognized around the world for its PMP certification. You can become a PMI member by completing an application and paying the membership fee. By becoming a member of PMI the candidate can avail of a number of benefits provided by the Project Management Institute, such as access to advantageous resources that can guide and assist appropriately in the quest of getting PMP certification.
Being a member of PMI you can access webinars, books, and articles, Professional development opportunities, Job postings, templates to use, local and international networking opportunities, discounts on things like insurance, etc.
Enroll in our PMP Certification today and develop a strong foundation in the principles of project management.
However, before you sit in the PMP exam you need to satisfy the basic qualification for the same. These primarily refer to:
- To possess a high school diploma, an associate’s degree, or the equivalent of these from the country in which you reside.
- You also need to have at least 5 years of experience as a project manager in a professional setting with a minimum of 7,500 hours as the leader of the project assigned.
- You can also be considered if you have completed a bachelor’s degree and have at least 3 years of experience as a project manager in a professional setting with a minimum of 4,500 hours as the leader of the project.
It is important to mention that many times the relaxation in the fee for the course is nearly about 50% if a person is a member of PMI. Moreover, there is an approximately 35 hours of training after which a person can decide the date ant venue where to give the test. Now after you have finished the 35 hours project management education, you have to take this PMP Certification exam in a test centre. There are certain steps to complete your PMI application. When PMI accepts your application, you have to schedule your exam date in a test centre convenient to you.
Following table shows the approximate PMP examination fees distribution for PMI members in comparison to non-PMI members and for re-attempt also.
|PMP Examination||PMI Member Examination Fees(USD)||Non-PMI Member Examination Fees(USD)|
|PMP Exam – First Time||$ 400 (Approx.)||$ 550 (Approx.)|
|PMP Re-Attempt Examination||$ 280 (Approx.)||$ 400 (Approx.)|
The PMI membership fee can vary depending on the type and internal policy of the concerned PMI. Accordingly, the candidate can avail of the benefits as well as the discounts provided in the fee and course. Hence, PMP certification cost depends mostly on the type, of course, the candidate is interested in and decide to take up.
If the candidate chooses to get his project management education through an online course, the total PMP Certification cost will be approximately 900 USD for him/ her, which also includes the exam fee. On the other hand, if the candidate chooses to continue his/her preparation with a PMP certification classroom training, the PMP Certification cost will be approximately 2,700 USD, which also includes the exam fee.
However, as it is mentioned above, the PMP certification cost does not include only the fees candidate will pay to the training provider or exam fee to the PMI. Candidates should take into consideration the cost of the time, which he/she will spend when they are taking the PMP certification training. If the candidate decides to opt for a self-paced online PMP certification course, his/her time management will be more effective so that they will get the most out of the training and will be also able to lower the PMP certification cost.
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