Title: What is the cost of the PMP Certification?
1What is the cost of the PMP Certification?
2OVERVIEW
- Earning certification as a Project Management
Professional PMP certification isn't an easy
task. It takes time, effort, and even money. The
cost of the outlay is substantial There is a lot
of unaccounted for costs. - The costs involved in getting this certificate
will differ depending on the individual depending
on their particular situation and the
requirements. - To facilitate discussion To make it easier to
discuss, I'll divide the costs to take the exam
PMP test into 3 categories.
PMP Exam Cost Types
Fixed Cost
Variable Cost
Other Costs
3Fixed Cost
- The PMP exam cost will be 555 dollars for the
initial attempt. If you fail the exam, you're
allowed two additional attempts within your
eligibility period of one year for a fee of 375
USD per attempt. - If you're already a Project Manager Institute
(PMI) member, the first exam cost is just 405
USD, with only 275 for any retest. - The cost of a new PMI membership fee is currently
139 USD and the annual renewal cost at 129
dollars. - I suggest you join the PMI before you apply for
the PMP because the discount exam fees are more
than that associated with PMI membership. - Cost Required 405-555 USD
4Variable Cost
- Pricing for PMP training is extremely dependent.
There are many options to choose from from a
variety of training companies, such as online,
virtual, and classroom-based training. - Training online is the cheapest, costing as low
as 150 USD. Training in the classroom is the most
costly and begins at 1,000. Between these two is
the cost of live online training - I would recommend you take an online course to
complete your 35 hours of education It is
cost-effective and flexible. It can also be
completed in the at-home comforts of your home. - Cost Required 150-1,000 USD
5Other Costs
- In this article, I'll discuss some of the
expenses that can be incurred in the course of
the way you study for your test. - Certain training programs will include studies
notes and questions to practice however most of
the time, you will need to purchase your own or
add to the resources you're provided. The costs
for these comprise - Cost of books
- Cost of the sample questions
- The cost of PMI membership
- Other tools cost more money.
6PMP Books Cost
- To help with PMP test preparation, I would
suggest buying at minimum two top PMP examination
reference guides as well as the Project
Management Body Of Knowledge Guide (PMBOK). - If you're a PMI member you can download a digital
version of the PMBOK Guide for free. Members who
are not members will need to purchase the guide. - Cost Required 100-180 USD
7PMP Sample Questions Cost
- The PMP exam is comprised of two hundred
questions that must be completed in just four
hours. This isn't an easy task and requires
plenty of practice. - You can also training by subscribing to a few
simulators, purchasing question banks, or testing
your ability by taking PMP Exam Questions. - Cost Required 50-150 USD
8PMI Membership Cost
- As I suggested earlier, you can get back the 139
USD you spent on a PMI membership for the exam by
itself. The digital copy for free that comes with
The PMBOK Guide only adds to your rewards. - Cost of Other Tools
- Some additional tools and books are available for
study materials which will help ease you through
your PMP test preparation, and leave you prepared
for the test. - One excellent study aid is "The PMP Preparation
Tool which includes flashcards, notes on study as
well as true/false assertions and The Formula
Guide, practice questions and many other
resources. - Cost between 50 and 100 USD
9Total Cost for PMP Certification
- The cost of taking the PMP certification exam is
as below - Note I have not added the Cost of Other Tools
to the minimum cost listed above, because you may
or may not decide to purchase these materials.
They are useful, but not necessary for PMP exam
preparation. - You can therefore find that the cost required to
obtain the PMP certification exam can range
between 844 USD and 1,715USD or more. - The cost to obtain PMP certification is
contingent on the choices you make. You could
spend under 844 dollars, or significantly higher
than 1715 dollars.
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