It is clear that getting the Project Management Professional (PMP) certification is valuable for project supervisors. Passing the PMP exam opens new doors in your career and raises your earning capacity. Presently, the average base pay for project managers is over $ 90,000. In 2016, it had been about $ 87,500. This reveals how the requirements - and the wages - for project supervisors is steadily increasing.
But, project managers are not the only people who benefit from making their PMP credential. The businesses which use PMP credential holders reap rewards in their workers making this credential, also. Let us take a look at a few of the ways companies benefit when you make your PMP credential.
It Instills Confidence First of all, your PMP credential suggests to people around you which you've got the capability to successfully handle any project. This instills confidence in both the groups you handle as well as the organizations that employ you. In case you've got your PMP certification, you're seen as somebody that's on peak of the project management area.
To pass the PMP certification exam, you Want a Comprehensive Comprehension of A Guide to the Project Management Body of Knowledge (PMBOK Guide). This has all of the Project Management Institute-approved techniques you need to know for efficiently conducting successful projects. So, as soon as you've got the PMP certification, many companies and customers will presume you have the PMBOK Guide down strategies.
Along with raising the confidence customers have when you have your own PMP credential, your certificate also raises the possibilities of your employer final earnings. Possessing a PMP certificate holder onto a project team could be an enticing selling point when pitching to new customers. In reality, it could be the competitive edge that sets your business apart. When customers hear a certified project manager is going to be operating in their own account, they will have assurance that their project is going to be conducted with skilled hands.
It Earns International Recognition Besides the recognition you will receive internally from the group, you will also improve your credibility overseas, also. The PMP certification is recognized by firms globally as the benchmark for project management direction. In 2007, Project Management International earned ISO / IEC (International Organization for Standardization and the International Electrotechnical Commission) 17024 accreditation. The ISO / IEC are the bodies responsible for developing global standards such as the information technologies and data and Communications Technology areas.
Since that moment, the PMP certification program has held authenticity from the over 85 nations that align with ISO / IEC standardization practices. If your business conducts business with global partners or you are interested in handling projects overseas, making your PMP credential may provide you validity in ISO / IEC states. And in exactly the exact same manner that using a certified specialist on board is a competitive edge when pursuing new national business prospects, your business will get the exact same goes if forming business partnerships overseas.
New call-to-action It Is Explicitly Needed in Some Sectors For some customer contracts, the PMP certificate is more than only a bonus; it is a necessity. You will encounter situations in which you should have the PMP credential to conduct a project, especially in the government industry. It is growing more and more prevalent for certificates to be needed for work at the national, state, and local levels. A PMP certificate requirement is also typical in highly regulated sectors, such as health care, pharmaceuticals, defense contracting, fiscal solutions, and much more. These businesses have particular considerations like aligning government compliance regulations or fulfilling specific security criteria.
For companies such as these, candidates or subcontractors probably would not be considered unless they have their PMP credential. Consequently, when you have interest in working in these businesses, or there is an opportunity you might have a customer in the future that comes from among there businesses, it is crucial that you have your own PMP credential. It Mitigates Risk So many businesses start projects that necessarily fail. In reality, about 75 percent of business and IT leaders anticipate their next software project to neglect.
Think about all of the effort and money spent in these projects that's basically thrown off since the project does not succeed. Additionally, even though projects are finished, they frequently come in over budget or beyond the scheduled deadline, each of which incur undesirable costs for businesses. For many businesses, any significant projects or alter, particularly ones who are company-wide, includes enormous dangers.
That is the reason why project managers that are PMP certification holders are these desired hires for businesses. Project managers that have made this certificate have heard the strategies that contribute to project success. People who pass the PMP certification exam will prove they have a comprehensive comprehension of how to handle projects, ensuring they are finished in time and on budget.