One of the most important factors to consider before opting for PMP certification is the amount of money that will be spent on it. Spoto PMP formula brain dump Without a doubt, the cost is high. But it is definitely worth it.
Not only the cost of the exam, there are other aspects that also contribute to your expenses. This article explains the various details that you should spend your money on.
How much does the PMP exam cost?
You must pay $ 555 to PMI for the PMP exam. Once your application is approved, you must make this payment. But you can benefit from the exam fee. By joining the PMI Membership. If you are a PMI member, you must pay $ 405 for the exam.
The PMI membership fee is $ 129 and to take advantage of the exam fee discount you have to pay $ 10. So on average you have to pay $ 555 to sit for the exam.
What are the other factors that cost the PMP certification?
PMP training
One of the PMP certification requirements is 35 contact hours. Therefore, you must show your 35 contact hours to PMI. To do this, you must attend formal project management training.
Currently, there are several training options available and the cost of training depends on the type of training or the training provider.
There are different types of training Face-to-face training, online training, virtual training.
Always make sure that the training provider teaches you all the domain knowledge that is required in your training.
The cost for online training programs costs you around $ 180. For virtual classes, the cost will be around $ 500 to $ 1000. And for live training, it costs around $ 1000. So the training from the
pmp exam cost you around 180-1000 USD.
PMBOK Guide and Other Reference Books
For your preparation, you need to purchase study materials. The standard book that all applicants generally use is the PMBOK Guide. For PMI members, the digital copy of the PMBOK guide is available free of charge.
You can buy a printed copy if you are not comfortable studying from a digital book. Buy the PMBOK guide on Amazon. The book will cost you around $ 40.
The other reference book that you will buy for your better preparation will cost you between $ 40 and $ 100. I will suggest reading two reference books to get a better understanding of project management topics.
Always opt for the PMBOK guidance, many of the applicants found it difficult. Yes, it is tedious, but once you understand the concepts, it will be easy for you.
PMP Practice Tests
There are many paid free practice tests available on the market. Invest in good practice tests. These practice tests will provide you with the actual exam environment. You should take these tests before taking the actual exam.
In the exam you have to face 200 questions, it is difficult to solve all these questions. Practicing before the test increases your confidence. These practice tests contain 1500 questions to practice. So you can buy the practice test you like but always invest in a good one.
Summary
So by reading this article, you should have an idea about the cost of PMP certification. But remember that costs vary from person to person. Costs vary based on your geographic area, the training you took, the study material you used.
As the cost of obtaining the PMP certification is not cheap, after you get your certification, it will definitely be worth it. So if you are thinking of getting this certification, don't waste your time and go for it. This will definitely give you a good career path.
