Are you thinking of becoming PMP certified in order to make it to the top of your career, and you are wondering how much the PMP exam is going to cost you? Well, knowing the cost of the PMP exam is the first thing that should be on your “Earning a PMP Certification Project” to-do-list.
Please Note: Many people think that by reading the PMBOK (Project Management Body of Knowledge) from cover to cover immediately qualifies them to be PMP certified. Well, sorry to burst your bubble; though the PMBOK offers incredible insight to the project management discipline, you need to understand that the PMBOK was not published to be a “How to” book – No! The Project Management Institute (PMI) published the PMBOK as “guide”. The PMBOK is simply a compilation of the top practices that can be used in a variety of industries.
The Project Management Institute offers eligible candidates who can show excellence in managing projects the opportunity to earn Project Management Professional (PMP) certification. Please know that there are quite a few expenses associated with earning a PMP certification which you will need to consider carefully before you submit your application.
Here is list of what it is going to cost you to appear for PMP exam:
• Contact hours: Before applying for the PMP certification, PMP exam candidates MUST have 35 hours of project management associated coursework or contact hours. PMI is known to accept a wide variety of coursework that can qualify as contact hours and the courses can range from absolutely free to even thousands of dollars. A lot of people get these hours from classes provided by their place of work.
• PMP exam: Each candidate MUST pass a test offered by the Project Management Institute in order to be PMP certified. The cost of the PMP exam as of the year 2010 were as follows:
– CBT (Computer Based Testing) for PMI members is 405 dollars
– CBT (Computer Based Testing) for non PMI members is 555 dollars
– PBT (Paper Based Testing) for PMI members is 250 dollars
– PBT (Paper Based Testing) for non PMI members 400 dollars
Please Note: Note: Paper Based Testing will soon be phased out.
• Project Management Institute Membership: A PMI Member is not really required to get a PMP certification but it is strongly recommended that they do. PMI members get a discount on the PMP exam and loads of other benefits as well. In 2010, the yearly cost for a fresh PMI membership is as follows:
– Student – 30 dollars and 10 dollars for application fee
– Individual – 129 dollars
– Retirees – 60 dollars
Individuals who have successfully earned their PMP certification will need to maintain the documentation by simply earning PDUs (Professional Development Units). Every three years The Project Management Institute needs Project Management Professional certified experts to earn sixty (60) PDUs. The Professional Development Units are known to range in cost from FREE offering to thousands of dollars for each PDU.