What is PMP?
PMP certification has become one of the most sought-after worldwide certifications for project managers through all industry domains. It has become one of the key self-restraints in general strategic management and is measured more of a science than an art.
Project Management used to be one of the greatest ill-defined profession, with no official discipline and repetition. In 1969, PMI (Project Management Institute) started the noble cause of making a body of knowledge for project management and also generating enough consciousness in the industry about the need for validating the role of a project manager and also placing the foundational standards for project management.
Project Management Body of Knowledge (PMBOK), was advanced by the Project Management Institute (PMI) as a standard recommendation. Today, PMBOK guide is being accepted by organizations across the globe. PMBOK guide has been developing and today we have the 6th Edition of PMBOK guide. The most acknowledged technique of demonstrating one’s considerate of PMI’s project management standard (PMBOK) is by realizing the PMP certification. The PMP certification has full-grown in its stature to become one of the most exclusive and internationally documented management credentials since early 2000.
What is the Current outlook on PMP credential?
PMP certification is becoming more and more appreciated worldwide. The industry is moving near a phase where all project managers will be foreseeable to be PMP certified. Though PMP certification has been around for almost 20 years now, the value of the certification is only rising by leaps and bounds. The ROI of liability a PMP certification is very high. A PMP credentialed Project Manager not only gets preference for serious project management assignments, he/she gets paid improved than a non-PMP credentialed Project Manager.
PMP certified Project Managers are working across industry provinces including IT, Construction, Banking, Pharma, Energy/Power, Telecom, Petroleum, Automotive, Technology to name a little.
It is reliably being ranked in the top 5 industry certifications across worldwide career surveys. And in project management area, PMP is the No. 1 professional certification for Project Managers international.
There are more than 850,000 active PMI members and more than 750,000 dynamic PMP credential holders internationally, and the number is only rising.
What are the Top 5 Reasons to make a PMP credential?
Getting a certification is a key step in career development which distinguishes competence and qualified individuals. Here are the top ten details why project management practitioners opt to become PMP-certified.
- PMP credential shows your assurance and devoir to the project management profession.
- PMP credential recognizes your knowledge, capabilities, and skills in project management.
- More companies are employing PMP credential receptacle as project managers.
- PMP credential holders earn 23% more on normal than their counterparts.
- PMP credential can lead to brighter career chances and advancement.
What is the PMP Exam format?
The PMP exam is designed to justifiably measure and estimate the project management knowledge of an examiner. The PMP exam covers ideas and theories which are directly resulting from the Project Management Body of Knowledge (PMBOK®) Guide. The PMBOK® Guide is an globally documented standard (IEEE Std 1490-2011) which draughts about the project management fundamentals which is applicable and satisfactory to a wide range of industries.
Suggested read: More insights on PMBOK guide6
The PMP exam presently is based on PMBOK Guide 6th Edition. This was launched in September 2017 and this Edition brought changes in the PMP exam with consequence from 26th March 2018.
The PMP exam contains of 200 total multiple choice questions.
There are 25 casually placed “pre-test questions” which do not total towards the pass/fail resolve.
Individuals have 4 hours to comprehensive the exam.
There is no negative marking for wrong answers.
Exam satisfied reflects the knowledge areas and procedures based on the PMBOK® Guide – Sixth Edition. The PMP examination will have questions from the 49 project management procedures, 5 project management process groups and the 10 knowledge areas as labelled in PMBOK v6. The percentage of questions from each procedure group is described below:
- Initiating (13%)
- Planning (24%)
- Executing (31%)
- Controlling and Monitoring (25%)
- Closing (7%)
What is the Passing Score in PMP Exam?
Since 2007, PMI does not distribute any standard passing score for the PMP exam any longer. That means the passing scores for diverse individuals may be different based on the effort levels of the questions for precise tests. This makes PMP exam seem to be a little secretive.
Factually, the last passing scores published by PMI for PMP exam were:
- 137 out of 200 (till 2005)
- 106 questions right out of 175 scored questions. (between 2005-2007)
In the existing scenario, one should simply aspire to answer as many questions properly as possible. A score above 75% should be a minimum goal to be safe.
After submitting the final test, the outcome is declared as Pass/Fail and the skill levels in the five domains are professed. Ability levels can be “Proficient”, “Moderately Capable”, “Below Proficient”, etc. There is no total score awarded in the final outcome.
Also read: Top 7 reasons to take pmp certification
One will have to receive an complete PASS grade to pass the exam.
Hence, for an exam taker, the most important thing to be deliberated for preparing well for the exam will comprise being fully acquainted with the whole PMBOK guide, all 5 method groups, 10 knowledge areas and 49 processes will be key. Selective reading and preparation will be damaging.