What You Need to Know About PMP Certification - PMCampus
The PMP® certification is the project management credential of choice for numerous industries and companies.
Project Management Professional (PMP) will change on March 26 2018. Updated to align with new terminology from PMBOK® Guide – Sixth Edition
The following information is a quotation from PMI the website at www.pmi.org:
"The PMP certification involves a rigorous, examination-based process that represents the highest caliber in professional standards. To be eligible for the PMP certification, you must first meet specific education and experience requirements and agree to adhere to a code of professional conduct. The final step in becoming a PMP is passing a multiple-choice examination designed to objectively assess and measure your project management knowledge."
PMP Exam Specification
We recommend browsing PMI website to download the most current version of the PMP Certification Handbook. It is a precious resource that describes precisely all the requirements for the PMP Exam. All PMP aspirants need to read this document and have a good understanding of the steps involved with the PMP certification.
Below we have summarized some important information regarding the examination:
- 4-hour computerized exam administered by Prometric, worldwide.
- 200 four-option multiple-choice questions.
- To the best of our knowledge, the current passing rate at the exam is not anymore disclosed by PMI.
- The latest passing rate that was provided by PMI was 106 correct questions out of 175 scorable questions. (25 questions are not scored because they are new questions being tested). The passing rate was therefore106/175=60.57%.
- PMI has not confirmed the new current passing rate for the exam. PMI has used in the past a passing rate that enables 80% of candidates to successfully pass the exam.
- PMI has decided to modify the exam scoresheet and not to disclose the passing score on the scoresheet. Students are provided with their proficiency level per process domain, there is no percentage of success provided.
Determining Your PMP Exam Budget
Over the next several posts, we will be sharing snippets from our book Demystifying the PMP Exam: PMCampus Performance Training Manual with you. These selections are designed to give you some useful, stand-alone information to assist on your PMP Certification journey, as well as to introduce you to the book in a more in-depth manner. Enjoy!
Excerpt from Chapter 1, Part 1: Your PMP Prep Budget (page 18)
We’ve heard reports of some students spending less than $500 to obtain their PMP certification while others have invested thousands of dollars. Based on PMCampus' experience, most students’ budgets fall somewhere between these ranges. Also, not all students pay out of pocket; some students are fully reimbursed by their employers. Each situation is different, so be sure to check with your employer to see if they offer education reimbursement as part of your benefits package, or your local job service to determine if they have funds available for skills enhancement (many programs of this nature are needs based).
The most important advice is to plan ahead for your expenses. The first 2 costs are the compulsory 35 hours of project management education and the PMP exam fee, which is reduced if you are a PMI® member. Check out the complete membership benefits to determine if you want to invest in a PMI® membership or not. Finally, keep in mind that additional study materials, such as sets of practice questions, may be needed so it is best to plan out a budget that offers some flexibility.
Nowadays, with many more affordable online and mobile training solutions, the cost of PMP® preparation is no longer a barrier to your success. Researching all your options, and finding out what resources were beneficial to others will help you spend each dollar wisely, and ultimately lead to exam success without breaking the bank!