The success of a business depends largely on the people leading it. Companies work on various kinds of projects and deliver the desired service or product at the end. Bringing a project to successful completion is a real challenge and requires a professional with great leadership skills to handle the project right from the planning phase to the execution phase. A project manager is one such professional who oversees the entire project lifecycle and ensures that projects are delivered smoothly, on budget, and on time with minimal bottlenecks.
A project manager basically applies the skills, knowledge, tools, and techniques to project activities so as to meet the project requirements. They bring a unique focus shaped by the resources, goals, and schedule of each project. Research by the Project Management Institute (PMI) has highlighted that employers would need to fill around 2.2 million new project-oriented roles every year through 2027. Those who have the right project management certifications and courses under their belt will find a lot of opportunities in the market, be it related to PC and system upgrades, network infrastructure deployments, or software development projects.
If you too are looking for a career change to project management or want to gain more control of your projects, then the Project Management Professional or PMP certification is your best option. This article will let you know more about this credential and the reasons why employers seek PMP-certified professionals in large numbers.
PMP Certification – What is it?
Administered by the prestigious PMI, the PMP certification is a gold standard in this field with a presence in over 200 countries. It supercharges careers for project managers across industrial sectors and helps companies find the right people who can work smarter and perform better. The PMP certification validates that you are highly skilled in leading a project team in the present-day changing environment, reinforcing the technical aspects of managing projects successfully, and emphasizing the connection between projects and organizational strategy.
There are over 1,000,000 PMP certification holders across the globe and many of them enjoy the perk of achieving around 25% higher salaries than their non-certified counterparts. In India alone, PMP-certified professionals earn an average base pay of Rs. 1673K annually (source: Payscale). People are also fascinated by the fact that the PMP certification is accredited against the internationally recognized ISO 17024 standards. The PMI has designed it according to the best practices of test development and based upon inputs from the practitioners who establish those standards.
There are certain eligibility requirements if you want to pursue a PMP certification. For example, a four-year degree, 36 months of experience leading projects, and 35 hours of project management training is essential. If you fulfill them, you can apply for the PMP certification exam which consists of 200 multiple-choice questions to be answered in four hours. On passing the exam, the PMI will award you the PMP certification.
Why is the demand high for PMP Certified Project Managers?
PMI, in its Pulso of the Profession report, found that organizations wasted an average of $97 million for every $1 billion invested due to poor project management practices. This is the reason companies now give considerable attention to developing the technical, business management, and leadership skills of project professionals. As organizations now require to be more agile, competitive, and customer-focused, they need skilled project managers to drive that change resulting in increasing demand for project managers.
A PMP certification ensures that a professional possesses all the skills required to bring a project to successful completion, irrespective of how complex it is. Organizations that have already hired PMP-certified project managers have been able to meet the original goals, business intent, and complete the projects within the designated budget. They enjoy more successful business outcomes and waste nearly 28 times less money due to poor project performance.
Many organizations have realized that hiring the right talent is a smart way to implement their core strategic initiatives successfully and gain a competitive advantage to navigate through necessary change. The PMP certification is making employers confident that the candidate has heightened business acumen, strong communication and interpersonal skills, and solid leadership abilities to lead their projects. PMP certified professionals have critical project management capabilities to deal with digital advancements, high customer expectations, and changing workforces.
Additionally, there are Continuing Certification Requirements (CCR) associated with the PMP certification. The CCR supports the ongoing educational and professional development of the certification holders so that they are always prepared to meet the demands of today’s complex business environment. So, hiring a PMP-certified professional, an organization is assured that the candidate will keep upgrading his knowledge and make the most of recent developments in the field.
With such benefits, shouldn’t PMP certification be a part of your career goals! A variety of online courses are available to help you prepare for the PMP certification exam. Enroll in one such reliable course and leave the rest with the trainer. Even if you are working, online courses easily fit into your busy routine.