A publication from Project Management Institution alludes to a study by Economist Intelligence Report shows that at least 80% of global executives and professionals believe that having project management as a core competency helps them to remain competitive during recession.
In another report by McKinsey, nearly 60% of senior executives reveal that a strong project management discipline is one of the top-three priorities for their companies in the future.
The relentless need for efficient and streamlined project management isn’t surprising. Companies of all sizes, across industries, have been steadily embracing project management. Efficient project management helps control their budgets, get work done efficiently, streamline business processes with scientific granularity, reduce risks, and enhance their success rates.
Project managers with established credibility – such as experience, and PMP certification – lend themselves invaluable to organizations looking to succeed with projects they take up. They help reduce the incidence of failed projects and lead business processes with confidence. That brings us to the certification process itself.
Let’s do a deep dive into PMP certification and why it matters:
PMP certification gets you prepped up
The whole world of business now grows one project at a time.
Project managers with professional certification such as PMP certification are introduced to the challenging world of managing projects locally and globally. The pathway to gain PMP certification is a first look for managers looking to gain competency in project management. PMP, for instance, is a PMI certification that’s globally recognized, in-demand, and highly-valued.
According to PMI Project Management Salary survey, a PMP certification is one of those deal making trump cards leading to faster growth and better salaries.
The PMI certification course demands intellect, experience, education, and competency. It helps project managers take on real-world problems hands on.
PMI takes a lot and hence gives a lot
To apply for a PMP certification, you’ll need a secondary degree such as a high school diploma or an associate’s degree. A global equivalent of such a degree also holds valid.
Further, you’ll need at least 5 years of project management experience racking up 7,500 hours of leading and directing projects to success. You’ll also need at least 35 hours of pure project management education.
Alternatively, a 4-year bachelor’s degree with 4,500 hours of real experience on managing projects along with the mandatory 35 years of project management education.
The Project Management Institute also publishes a PMP Handbook that you’d do well to download and refer to.
Application for the PMP certification exam is also subjected to an audit that you’ll agree as a condition. You receive PMP credentials after passing the examination but the certification itself isn’t a one-time shot, though. Successful PMP certificate benefactors have to earn 60 PDUs (professional Development Units) every three years as a part of PMI’s continuing certification requirements program.
PMP is just one certification. If you want to attain more than PMP certification such as a PgMP credential, you very well do so if you are eligible.
With PMP You Become an Insider, Jargon and all
Armed with a PMP certification, you get to take on clients directly. You’ll be able to manage teams with clarity, focus, and with workflows designed to fetch results.
Achieving a PMP certificate is also testimony to the fact that you’d pick up jargon that resonates well with other project managers, colleagues, and senior executives.
For a change, everyone stays on the same page and talks the same language. You’d still be able to manage projects without a certification but it’s just that a PMP certificate gives you a lot more credibility when you start taking initiative, engage in communication, and lead projects.
It’s a certification that lets people take notice. Give you the ear when you speak, follow when you give instructions, and respect your decisions.
PMP is a cash maker
We noted earlier in a post on PMP certificate that by the end of 2011, there are about 466,000 registered, PMP certified project managers. There’s a reason so many aspiring managers work towards PHP certification: it makes money.
An Anderson economic group report reveals that an average of about 1.2 million project management positions will surface each year, all the way through 2016, owing to a shift in demographics in countries like the U.S and Europe and also due to a spurt in overall growth in projects globally.
Further, a Computer World Survey lists Project management at number two and also cites that 40% of recruiters plan to hire for Project Management Skill in the next 12 months. Leadership and execution, of course, are of primary importance apart from background, experience, education, and certification.
PMP gets you the edge
It’s the trust economy we are in and qualifications and credentials such as certification courses are in big demand because they are trust tools.
While these courses and certifications certainly teach you a lot and take you deep into the subject along with practical application, they are designed to give you an edge. All things being equal, a PMP certificate helps you to score against a non-PMP. If you wish to get into consulting, it’s almost a pre-requisite when you go looking for clients or to win their trust to have you manage their projects for them.
If it’s not mandatory for the job you are applying to or for the company you are working with, PMP is a matter of choice.
In education and credibility, we believe. From that standpoint, a PMP certification can be a jewel in the crown; a feather in your camp; and a reason that you succeed in your career
Do you have PMP certification? Do you aspire to achieve one? What do you think about the apparent benefits of a PMP certification and how do you think it enhances your career? Please share your thoughts with us.