How PMP® certification Will Help?

Project Management Professional (PMP®) by PMI (USA) is a globally recognized certification that is considered to be one of the finest systems to improve the performance of business and the individuals. It assists in the achievement of the objectives, with the limitations of scope, time, cost, quality, and risk. Project Managers will be able to monitor and control budget expenditures, and utilize techniques that will assist in achieving the objectives with minimum financial resources. Project Management assists the managers to monitor and control the existing financial, human, and material resources by utilizing the best practices developed by global research. The probability of the success of an organization, and an individual is increased tremendously as under:

  • A PMP® assists in the control of project schedules.
  • The PMP® certification will add value to the credentials in Pakistan and abroad.
  • PMP® implies improved management skills, enhanced prospects of a better job, and a higher salary.

According to Standish Group (A Project management research company), only 29% of all projects are successfull in terms of qualit y, schedule objectives and achieving cost. However when modern project management techniques, standards and tools are employed, the success rate arose to 75%. The PMP® Certification is based on PMBOK® Guide. The guide provides these techniques, standards and tools. The PMP® certified project managers will provide organizations with significantly greater success on thier projects. The trend of hiring PMPs® by various organizations is increasing very fast. In another survey conducted by Foote Partners on behalf of PMI, thier results showed that PMP® certified project managers were earning more money than non-PMPs. The first and foremost question on everyone’s mind is money. What is the PMP® certification worth? Can I command a higher salary if I am certified? Results found on www.payscale.com/salary-survey can answer that, and the short answer is ‘yes’. According to payscale.com, median salaries for PMPs® are up to 30% higher than those for non-PMPs. For example, salary increases range from 6% in Chicago and 8.6% in New York to 28.7% in Atlanta and 29.7% in Dallas. Several cities are listed below for comparison:

City

Non-PMP

PMP®

%Change

Atlanta

$67,000

$86,250

↑28.73%

Chicago

   $70,742   

$75,000

↑6.02%

Seattle

$70,512

$83,500

↑18.42%

Dallas

$69,000

$89,500

↑29.71%

New York

$87,500

$95,000

↑8.57%

Los Angeles

$76,000

$95,000

↑25.00%

Houston

$65,300

$80,950

   ↑23.97%