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Save a Penny with PMP Certification and Maintenance

Another misconception about getting a PMP certification is that it is expensive. The truth is you will get the most from your investment in project management courses for credentials because you will expect a high return on investment. Although you will spend 40,000 to 50,000 for the rest of your career span for three to four decades, you will expect more income from a lucrative PM position. PMP certification does not drain your pocket because you will be earning high salary. For continuing education within a three-year period, the money that you will invest is just a small sum compared to what you will be getting from your project management work.

How to Become an Eligible Candidate for a PMP certification?

If you want to excel in project management, you should get a credential for PMP. You can be eligible if you meet the following requirements:

  • A holder of Bachelor’s degree or global equivalent with portfolio of three years project management, 35 hours of education in project management and 4,500 hours handling projects.

Or

  • A high school diploma or global equivalent with portfolio of five years of project management, 35 hours of education in project management and 7,500 hours handling projects.

 Expenses for PMP Certification

  • As a PMI member, you will pay $140 for membership, $405 for PMP exam and non-member will pay $555.  As member of the PMI local chapter, you will pay for membership for only $10 to $20.  As a member, you can enjoy receiving newsletters, sample quizzes for PMP exam, free PMBOK and other PMI reading materials for program and portfolio management and OPM3.  A non-PMI member must pay $70 dollars for PMBOK. 
  • Expenses for PDU from PM Hut, you will only pay $500 but if you want to attend a formal training in a real classroom, you will spend $2000. 
  • Expenses for Reading Materials and Books for online training from PM Hut will only cost you around $1,200 while a formal classroom, you will pay $2,650.

The expenses for a credential for PMP is compensated for a stable salary because you become an in-demand project management professional.