Monday, March 12, 2007

What is PMP? and How to get the PMP Certification?

What is PMP?
PMP® stands for Project Management Professional (PMP®). PMP® Certification exam is the world’s most recognized professional credential for individuals working in the field of project management. This certification exam is conducted by Project Management Institute (PMI®)

Who should get certified?
This certification is meant for the individuals working in the field of project management. Project management is a profession. People who need this certification range from:

Vice Presidents
Senior Managers
Operation Managers
IT Managers
Directors
Accountants
Business Managers
Project Managers
Business Analysts
Technical Architects
Team Leaders
Senior Analysts …etc.

PMP® certification serves not only the IT industry but also other industries such as:

Automotive
Aerospace
Construction
Telecommunications
Financial services
Pharmaceuticals and
Business management

Benefits

Individual point of view:

Many organizations are recognizing the value of PMP® certification and are requiring their project managers to be PMP® certified.
According to PMI’s annual salary survey, PMP® certified project managers receive higher salary than non-PMP certified project managers.
More and more project management organizations are moving towards hiring ONLY certified PMPs.

Organization point of view:

According to the Standish Group, only 29% of all projects are successful in terms of achieving cost, schedule and quality objectives. However, a success rate of 75% is achieved by employing modern project management standards, tools and techniques. The PMBOK® provides these standards, tools and techniques. The PMP® certification is based on Project Management Body Of Knowledge® (PMBOK®).

PMBOK® - Is a guide to the Project Management Body of Knowledge (PMBOK®). It is a globally recognized standard text for managing projects in today’s world.

Hiring PMP certified project managers provide organizations with significantly greater success on their projects.

What does it take to pass?

Individuals will spend approx. 240-260 hours to get prepared to take the test.
Irrespective of their commitment and preparation based on statistics only 40% people will pass the test
If they attend the ProXalt PMP Fast Track Training Camp and spend 40 hours of intensive training camp in 4 days they can pass the test 90% of the time in their first attempt

What is the test about - duration and difficulty?

PMP exam is based on PMBOK®.
It is a 4 hours exam
Exam consists of 200 multiple choice questions
Passing grade is 61%
It is very difficult to pass this exam
According to statistics only 40% people pass the test
The questions are based on 9 knowledge areas, 5 Project Management Process Groups, and Professional Code of Conduct.

Cost/promotion

The cost for PMP training in the Project Management market ranges from US$1700 - US$3200. Most of the companies who conduct this training program will not give any guarantee. ProXalt’s regular fee of US$1695 comes with a guarantee.

Money Back Guarantee At ProXalt®, our students have a success rate of over 90%. If you are unsuccessful on your first attempt, we will analyze your results and develop an individualized study plan to help you succeed on your next attempt. We will pay your re-exam fee. You must retake the exam within 21 days from your first test results. Our retake exam has a passing rate of almost 100%. If after your second attempt you are not successful, you may either retake the course FREE of charge once more, or you will be reimbursed for your initial fee minus an administrative cost.

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