What is the cost of the PMP Certification?

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What is the cost of the PMP Certification?

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The Cost of PMP Certification varies according to pmp course type decided by PMP candidate to do. To Facilitate, PMP Certification exam cost divided into three sub-categories such as fixed cost, variable and other cost as per PMI Standard which are described briefly in this PPT file. – PowerPoint PPT presentation

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Title: What is the cost of the PMP Certification?


1
What is the cost of the PMP Certification?
2
OVERVIEW
  • Earning certification as a Project Management
    Professional PMP certification isn't an easy
    task. It takes time, effort, and even money. The
    cost of the outlay is substantial There is a lot
    of unaccounted for costs.
  • The costs involved in getting this certificate
    will differ depending on the individual depending
    on their particular situation and the
    requirements.
  • To facilitate discussion To make it easier to
    discuss, I'll divide the costs to take the exam
    PMP test into 3 categories.

PMP Exam Cost Types
Fixed Cost
Variable Cost
Other Costs
3
Fixed Cost
  • The PMP exam cost will be 555 dollars for the
    initial attempt. If you fail the exam, you're
    allowed two additional attempts within your
    eligibility period of one year for a fee of 375
    USD per attempt.
  • If you're already a Project Manager Institute
    (PMI) member, the first exam cost is just 405
    USD, with only 275 for any retest.
  • The cost of a new PMI membership fee is currently
    139 USD and the annual renewal cost at 129
    dollars.
  • I suggest you join the PMI before you apply for
    the PMP because the discount exam fees are more
    than that associated with PMI membership.
  • Cost Required 405-555 USD

4
Variable Cost
  • Pricing for PMP training is extremely dependent.
    There are many options to choose from from a
    variety of training companies, such as online,
    virtual, and classroom-based training.
  • Training online is the cheapest, costing as low
    as 150 USD. Training in the classroom is the most
    costly and begins at 1,000. Between these two is
    the cost of live online training
  • I would recommend you take an online course to
    complete your 35 hours of education It is
    cost-effective and flexible. It can also be
    completed in the at-home comforts of your home.
  • Cost Required 150-1,000 USD

5
Other Costs
  • In this article, I'll discuss some of the
    expenses that can be incurred in the course of
    the way you study for your test.
  • Certain training programs will include studies
    notes and questions to practice however most of
    the time, you will need to purchase your own or
    add to the resources you're provided. The costs
    for these comprise
  • Cost of books
  • Cost of the sample questions
  • The cost of PMI membership
  • Other tools cost more money.

6
PMP Books Cost
  • To help with PMP test preparation, I would
    suggest buying at minimum two top PMP examination
    reference guides as well as the Project
    Management Body Of Knowledge Guide (PMBOK).
  • If you're a PMI member you can download a digital
    version of the PMBOK Guide for free. Members who
    are not members will need to purchase the guide.
  • Cost Required 100-180 USD

7
PMP Sample Questions Cost
  • The PMP exam is comprised of two hundred
    questions that must be completed in just four
    hours. This isn't an easy task and requires
    plenty of practice.
  • You can also training by subscribing to a few
    simulators, purchasing question banks, or testing
    your ability by taking PMP Exam Questions.
  • Cost Required 50-150 USD

8
PMI Membership Cost
  • As I suggested earlier, you can get back the 139
    USD you spent on a PMI membership for the exam by
    itself. The digital copy for free that comes with
    The PMBOK Guide only adds to your rewards.
  • Cost of Other Tools
  • Some additional tools and books are available for
    study materials which will help ease you through
    your PMP test preparation, and leave you prepared
    for the test.
  • One excellent study aid is "The PMP Preparation
    Tool which includes flashcards, notes on study as
    well as true/false assertions and The Formula
    Guide, practice questions and many other
    resources.
  • Cost between 50 and 100 USD

9
Total Cost for PMP Certification
  • The cost of taking the PMP certification exam is
    as below
  • Note I have not added the Cost of Other Tools
    to the minimum cost listed above, because you may
    or may not decide to purchase these materials.
    They are useful, but not necessary for PMP exam
    preparation.
  • You can therefore find that the cost required to
    obtain the PMP certification exam can range
    between 844 USD and 1,715USD or more.
  • The cost to obtain PMP certification is
    contingent on the choices you make. You could
    spend under 844 dollars, or significantly higher
    than 1715 dollars.

10
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