7 Amazing Benefits of PMP® Certification Training for your Organization

"The Project Economy" is not merely a set of buzzwords. Technological advancements and their competitive advantages are persuading all growth-oriented organizations to move away from manual processes towards IT-oriented projects.  

Business success depends on the seamless and timely execution of these projects. It requires a systematic scientific approach, an in-depth understanding of the framework, and efficient project management. That is where the PMP® certification training for your employees play a critical role! 

31% of all projects end up not meeting their goals, and 50% are not completed within the allotted budgets or on time. 67% more projects outrightly fail in organizations that do not pay enough attention to project management as a strategic competency for driving change. On average, over 11% of investments are wasted due to poor project performance.   

"Organizations in North America waste an average of $123 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent." - PMI's Pulse of the Profession® 2020 research. 

The industry-recommended solution? The Project Management Professional (PMP)® certification.  

Let's find out what "Project Management Professional certification" [PMP®] is all about and the PMP® training benefits for organizations.

Project Management Professional certification [PMP®] is an internationally recognized and highly sought-after credential provided by the Project Management Institute (PMI). It is often regarded as the project management profession's most valuable certification. 

Certifies your employees’ ability to manage projects and bring them to completion.  

Validates their knowledge, skills, and experience for leading and directing projects and project teams.  

PMP® certification exam requires your team members to be well-versed with techniques for scheduling, planning, monitoring, and controlling a project from start to end.  

Covers the PMBOK® [Project Management Body of Knowledge] Guide. 

Explains the global language of project management and connects them to a worldwide community of professionals, experts, and organizations.  

Appropriate for your experienced project managers performing duties under general supervision and responsible for all aspects of the project. 

Also suitable for those leading or directing cross-functional teams for delivering projects within budget, schedule, and resource constraints. 

Potential candidates for PMP® certification training include Project Managers, Associate Project Managers, IT Project Managers, Project Analysts, Project Leaders, Product Managers, Team Leaders, Program Managers/Sponsors, and Project Team Members.

• Download, read the PMP® Handbook. 
• Check if you are eligible and qualified to apply. 
• Join PMI (The Project Management Institute). 
• Complete, submit your PMP® application. 
• Go through the PMP® certification training.  
• Schedule, take the PMP® exam, get certified, and maintain the PMP certification. 

 
Prerequisites: 

A 4-year degree + 3 years leading projects + 35 project management education/training hours or CAPM® certification.                       
                                                                                      Or 

A high school diploma/an associate’s degree (or global equivalent) + 5 years leading projects + 35 project management education/training hours or CAPM® certification. 
 
Project Management Professional (PMP) Certification Exam Format:  
4-hours long exam with 200 multiple-choice questions. 

• People: 42% of items on the test.  
• Process: 50%.  
• Business Environment: 8%. 

Predictive, agile, and hybrid approaches will be included, and the number of tasks will reduce from 42 to 35. The PMBOK, released in 2017, will not change; however, how PMI assesses the students will change. 

Project Management Professional (PMP) Certification Exam Cost:  
$405 for PMI members and $555 for non-members. 

Note: 60 professional development units or PDUs must be earned every three years to maintain the PMP certification.

• Organizations gain substantially by sponsoring their employees for PMP® certification training. They attain better results while completing more projects within budget and on time when over 33% of their project managers are PMP certified.  
• PMP® certified project managers bring outstanding efficiency. They are fully aware of the project management framework, best practices, processes, guidelines, and terminology necessary for accurate project execution. 
• PMP®s are armed with all the essential skills for leading complex projects and directing project teams. They also create flexible teams capable of adapting to evolving objectives. 
• PMP® trained and certified managers apply innovative methods for managing physical assets and personnel to ensure within-budget timely project deliveries. 
• Trained and accredited project managers acknowledge and account for risk management, mitigate risk, and plan for uncertainty. Eventually, it saves costs.  
• PMI’s standard processes, common approaches, accepted tools, and documents promote collaboration while teaming-up with other organizations.  
• Help you meet clients' demand for PMP® certified managers as a part of the proposal. 
• Certified project managers can evaluate other team members and move them up the learning curve faster.  
• PMP®s integrate best practices into an everyday work environment. It ensures your staff gets used to working for them and starts enjoying themselves when such practices are deployed, resulting in a positive workplace culture. 
• Trained PMP®s allow you to bid on projects with confidence, add up to 20% to the project bid, lead to exceptional customer satisfaction, more projects, and revenues.  
• In return for paying the PMP certification fee, trained professionals mature into great assets who can accommodate modern technologies, scale up, or transition to new markets.

22 million project management jobs are expected by 2027, and 2 million+ will be available in the US. Enterprises of all sizes are slowly but surely realizing the undeniable relevance of project management.  

The role of a project manager is imperative to the success of any project. But only 32% of all organizations are satisfied with their project management maturity level.  

Be it technology, finance, research, telecom, or any other field, PMP® credentials are the steppingstones to new markets and the overall progress of your business.  
PMP® is ranked as the top project management certification. It proves your employees have specific skills, techniques, methodologies, and refined sets of tools for handling real-world project management scenarios, increasing productivity, effective execution of current projects, and acquiring new ones.  

The PMP® certification exam must be passed to earn the Project Management Professional certification. Achieving PMP® status could undoubtedly be challenging for your teams.  

PMP® certification online structured training from PMI registered education providers such as NetCom Learning prepares your employees for the PMP® exam while granting 35 PMI PDUs (based on course delivery and assignment hours). Enrolling in project management training also helps them with the PMI application process. 

No forward-looking organization can afford to ignore the modern-paced modern business realities. 97% of organizations are convinced that project management is critical to business performance. Are you? 

Explore Project Management Professional (PMP)® Certification training from NetCom Learning, an established IT training provider for many Fortune 500 companies and thousands of professionals worldwide, and choose from the instructor-led classroom, online, private group, and e-Learning formats.