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Why, What, and How of getting a PMP Certification

Why, What, and How of getting a PMP CertificationProject Management Professional (PMP) is a highly coveted certification among hiring managers. The Project Management Institute (PMI) stipulates a highly formalized course of study leading to the PMP certification. Few people in any project team deliver as much value as the Project Manager. Completing the course and passing the required tests prepares anyone for an exciting, rewarding, and lucrative career.

Why

By 2027, employers will need 87.7 million individuals working in project management oriented roles.

  • 7 million in manufacturing and construction
  • 5 million in information services and publishing
  • 6 million in finance and insurance
  • 7 million in management and professional services
  • 279,000 in utilities
  • 49,000 in oil & gas

On an annualized basis, employers will need to fill nearly 2.2 MILLION new project-oriented roles each year through 2027

In the U.S. in 2017, wages of project management-oriented workers in projectized industries were far higher on average than wages of non-project-oriented professionals—a premium of 82 percent.

Non-project-management oriented occupations averaged $58,000/yr

Project-management oriented occupations averaged $105,000/yr

Gross Domestic Production at risk due to the project management talent shortage exceeds US$208 Billion! Employers are highly motivated to find quality people with project management skills.

What

All these jobs are seeking candidates with project management training, experience, and appropriate credentials.

Project Management Institute (PMI)® Certifications are the project management credential of choice across the vast array of industries and companies represented above. These certifications include:

  • Project Management Professional (PMP)®
  • Portfolio Management Professional (PfMP)®
  • PMI Agile Certified Practitioner (PMI-ACP)®
  • PMI Professional in Business Analysis (PMI-PBA)®
  • Program Management Professional (PgMP)®
  • Certified Associate in Project Management (CAPM)®
  • PMI Risk Management Professional (PMI-RMP)®
  • PMI Scheduling Professional (PMI-SP)®

 

To qualify for any of these certifications, you will study the foundational standards, practice standards and frameworks, and the lexicon of project management as presented in the Project Management Body of Knowledge (PMBoK), a comprehensive library of materials that provide the most widely accepted guidelines, rules and characteristics for project, program and portfolio management. 

Project Managers apply these standardized processes, principles, and practices to the end-to-end management of projects some of which also apply Agile methodologies such as Lean, Scrum, Kanban, and others. They form teams, develop project plans and schedules, incorporate quality assurance methodologies, establish acceptance criteria, plan for risk mitigation, assign tasks, communicate progress to stakeholders, confirm completion at every stage, and ultimately obtain approval of project completion. They are integral to every project for their entire duration.

Many organizations make the mistake of assigning project management responsibility to a member of the team actually performing the project. Some assume the project will manage itself, a tacit assignment to the senior member of the team. According to various sources, approximately 70% of projects undertaken in any of these ways fail. This is why project management skills have become so highly valued, creating an incredible number of opportunities for those mastering the skills detailed in the PMBoK.

How

New Horizons offers a course of study specifically designed to prepare students to pass the PMI Project Management Professional (PRM) Certification Exams. Course duration is 5 days during which you’ll learn:

  1. DEFINING PROJECT MANAGEMENT BASICS
  2. DEFINING PROJECT MANAGEMENT WITHIN THE ORGANIZATION
  3. DEFINING THE PMI® PROJECT MANAGEMENT METHODOLOGY
  4. INITIATING A PROJECT
  5. PLANNING A PROJECT
  6. PLANNING A PROJECT SCHEDULE
  7. PLANNING PROJECT COSTS
  8. PLANNING PROJECT QUALITY, RESOURCES, AND PROCUREMENTS
  9. PLANNING FOR RISK
  10. PLANNING STAKEHOLDER ENGAGEMENT AND COMMUNICATIONS
  11. EXECUTING A PROJECT
  12. WORKING WITH STAKEHOLDERS
  13. MONITORING A PROJECT
  14. CONTROLLING A PROJECT
  15. CLOSING A PROJECT

To learn more about the New Horizons PMP certification course of study, contact your New Horizons Career Counselor today.

New Horizons Computer Learning Center Project Management Training and Certification

Posted on 5/28/19 10:26 AM by Get Schooled in pmp, in Project Management, in project management class

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