Project managers around the globe can benefit from PMP(r), which is a great career boost. Do you know how much the PMP(r), Certification costs?
Many people mistakenly think it is expensive. Although it isn’t cheap, it’s still more affordable than other management courses.
Additionally, having a certificate can increase your chances of getting a higher-paid job by 25% compared to peers who are not certified in the same industry.
This certification is worth every penny, that’s what we can confirm. Let’s take a look at the total cost of obtaining a PMP(r).
What Does a PMP(r), Certification Cost?
You will need to invest in many aspects to obtain a PMP(r), just like other courses and exams.
After hours of research, we were able to break down the total cost into three categories.
Hidden Opportunities Costs
Preparation Material Prices
Exam Fees
This is a detailed description of the spending procedures to help you better understand the process.
Number 1: Hidden Opportunities Costs
The course costs a lot, and we’ll talk about that in a bit. To be fully eligible, you must study for months before you apply or finish the course. To achieve this certification, you will likely have to give up your social life.
According to some reports, people spend six months studying for this course for more than five hours per week. It’s like a hibernation period. You come into the study session as an absolute novice and leave the other end with confidence and skills. All this is at the expense your personal and social hobbies.
Six months is quite a long time. It might take you longer if you are a full-time manager of projects. During this time, you will need to invest in multiple tasks simultaneously.
If the sessions are manual, for example, you will need to add the tuition fee at a tuition center every day/week. Although it may not seem like much, it adds up over time.
You will also need to pay more if you sign up for a particular study session. In today’s modern world, nothing is free. We haven’t even included food and beverages to this list.
If you don’t have a job, the situation is even worse. Many people choose to stop working while they work towards a PMP(r). When they have more experience and are skilled, they want to apply for better opportunities.
If you are able to pay the living expenses like rent and food, it’s a good idea. It’s not a good idea, however, to put all of your savings into a course.
No matter how passionate you are about something, it is important to always have a plan B. There’s always a solution if you are in a hurry. This solves many problems at once!
The trick is to choose an online course over a physical one. Online courses are much more convenient than spending hours in traffic. You can do the same thing at home. You can do it in one month, instead of six months!
Many online centers offer the required course and prep information at a very affordable price. For more information, you can visit our instructions for online PMP(r), exam preparations.
We will discuss the benefits of online prep in a moment. For now, we recommend that you set aside $200-$300 for the preparation phase.
However, this cost will drop dramatically when you add online learning. Transport fees are taken out of the equation and you’ll only need 40-50% of your original investment.
Number 2: Preparation material costs
It is impossible to prepare for an exam without preparing. For PMP