A Project Manager is a person responsible for the overall management of a project. This includes the project’s successful initiation, planning, design, execution, monitoring, control and closure of a project. A project manager is levied with full responsibility and authority of completing the assigned project.
Sometimes, a project manager may not be involved in the complete project, rather they work for a limited time period or till a predetermined point in the project’s schedule.
A successful project manager identifies risks that may impact a project. They must also be able to lessen the risks, usually with the help of open communication policy which ensures the participation of each and every person concerned bringing forth all the opinions and concerns.
Importance of Certification
As most of the organizations are now aiming at making their employees proficient in leadership, negotiation and conflict resolution skills, they are realizing the importance of qualified and certified Project Managers. Thus every professional who wish to leave a mark in the field of project management, must aim to get certified.
One of the most sought-after certification for experienced Project Managers is the Project Management Professional (PMP) offered by the Project Management Institute (PMI).
There are certain prerequisites that this certification demands.
- Secondary degree
- 7500 hours of leading and directing projects
- 35 hours of project management education
- Four year degree
- 4500 hours of leading and directing projects
- 35 hours of project management education
Pro Tip: For more on How to Get PMP Certification, check out our article about How to Get PMP Certification in 2018 —Study Notes, Tips & PMP® Exam Update.
Benefits of a PMP Certification
As often seen as the most accredited certification by most of the experts, it is important to understand the reasons.
- Globally recognized – Since the certification is the industry standard and globally recognized, a professional can grab any opportunity from anywhere in the world. PMP is also recognized worldwide as an indication of potential success and growth.
- Enables Time Management – A PMP certification imparts the skills to complete projects successfully on time and within budget. This in turn drives more success, lowers risks and increases the chances of success for any organization.
- Imparts Expertise – PMP is known to impart expert knowledge which is built on years of experience and best practices. With the help of a tried and tested project management framework, it makes professionals proficient in leading the projects from planning to execution.
- Improves Communication – PMP allows professionals to speak a common language in accordance with the globally understood framework. A majority of the time of project management professionals is spent in communicating with the team members, which is smoothened and streamlined by the project management language provided by the PMP certification.
- Better Networking Opportunities – PMP certification allows a project manager to network with other project managers worldwide. Networking brings forth a lot of opportunities for getting ahead in the career. PMP certification plays a major role in enhancing this connectivity which brings about a lot of benefits.
- Benefits Employers – PMP professionals are seen as valuable resources by almost all the organizations and can be found leading projects in almost every country and every vertical. As organizations benefit from PMP’s domains, processes and techniques, they readily invest in PMP training and exam costs for their employees.
Also, many companies see requests for proposals wherein clients demand certified project managers to be a part of their proposal. This again increases the requirement of PMP certified professionals.
- Increases Salary – Upon achieving a PMP certification, professionals enjoy a steep hike in their salaries. According to Earning Power: Project Management Salary Survey, Ninth Edition, professionals with a PMP credential earn 20% more than their uncertified peers.
As per PayScale, the average salary of a Project Management Professional (PMP) is $103,000 per year.
- Ample Job Opportunities – Upon being certified in PMP, you can have an opportunity to look at around 1.2 million job openings per year in project-oriented professions, as per a report generated by Anderson Economic Group.
- Adopted by Most Industries – Since the PMP credential is preferred by almost all the organizations, it is accepted and adopted by almost all the industries including IT, telecom, business processing, commerce, research and finance, among others.
- Saves from Economic Downtime or Recession – Earning a PMP credential makes one valuable even during the recession due to the expertise and competency that it offers.
The above reasons clearly state that a PMP certification is the most empowered and sought after credential for experienced Project Managers looking for a more satisfying and lucrative career. Also, a PMP certification is beneficial to both, an individual as well as an organization, and thus increases the opportunities.
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