![]() ![]() This way, you can budget properly and won’t be surprised.įeatured Partners: Project Management Software Rather, in conclusion, you should know the full cost of the endeavor for a PMP certification before you move forward. PMI membership, for its costs, also offers invaluable resources that set PMPs up for success. A PMP certification easily makes you a desirable candidate to businesses in need of project managers. While there is some discussion of whether or not a PMP certification is right for everyone, there’s no denying that it can give you a boost on the job market, and ensure that you’re paid competitively. None of this is to say that a PMP certification isn’t worth it. All told, you could pay about $3,000 per year in order to maintain your PMP certification. The more affordable options are podcasts, webinars, and the like, which can range from about $25-100 per PDU. A PDU amounts to about one hour, whether at a lecture at a PMI conference, in a classroom, or using an online training program. In order to maintain your certification, you also have to attend 60 professional development units (PDU) every three years. However, it’s important to keep in mind that the annual membership fee for PMI memberships is $129, while credential renewal is only paid every three years. Once again, a PMI membership can reduce the cost here from $150 every three years to $60 every three years. So every three years, you’ll have to pay a $150 renewal fee in order to stay current. You also have to have your credentials renewed every three years, and without renewed credentials, your passed PMP exam won’t get you very far. Passed the PMP exam and got your PMP certification? Great! But that’s not where the expenses end. These will be among the most affordable elements of your total cost, but they are a component and one that shouldn’t be forgotten when budgeting for your PMP certification. This could be flashcards, guides, highlighters, notes…or a software program that offers all the same results. These also vary in cost, from about $60-100.īesides all this, consider your study supplies. In addition, there are practice tests available that can strengthen your chances of knowing what to expect from your PMP exam and how to best pass it. They, too, come at a cost, ranging from $40-100. These books will help you focus on what’s important for the PMP exam, and what you’ll need to carry with you into your career. You may also want to invest in additional study guides and resources. Online courses are the most affordable, rarely costing more than $500. Instructor-led courses range from about one to two thousand. Classroom training itself vastly varies, from as little as $200 to as much as $2,500. Some choose a classroom or instructor-led setting, while others take online courses. Before taking the PMP exam, you’ll first have to complete about 35 hours of training. However, PMI members can download the PMBOK handbook for free, whereas those without membership will have to pay upwards of $50 on Amazon. This brings your costs back up to $544, not so far from the original $555. There’s a membership fee of $129 and a joining fee of $10. However, PMI membership comes at a cost, as well. Re-examination attempt fees are also dropped from $375 to $275. PMI Membershipīecoming a member of the Project Management Institute (PMI) can drop your exam fee from $555 to $405. ![]() You can save some money on testing by becoming a PMI member, but that comes with its own costs. You may take the PMP exam 3 times in total if you don’t pass the first time, but subsequent attempts have a cost of their own: $375 per re-examination. The exam can be taken as a computer-based test (CBT) or paper-based test (PBT), but the fee is the same. The Exam FeeĪs previously stated, the PMP exam fee is nothing to sneeze at. There are many other costs that aspiring PMPs and businesses too often don’t take into consideration. However, that’s only one portion of the full cost of PMP certification. ![]() When people think of the cost of PMP certification, they often think of the exam fee, which is hefty in itself. Best Project Management Huts & Articles for 2023īecoming a certified PMP is no easy task - and no cheap task.Best Human Resources Management Software. ![]() Best Agile & Scrum Project Management Software.Best Billing & Invoicing Management Software.Best Project Portfolio Management Software. ![]()
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