Project Management Professional(PMP) Job Description, Skills, and Salary
In a study conducted by the Project Management Institute, about 87.7 million project manager roles are needed in companies and organizations around the world. That is enough reason for global businesses to realize the collective significance of skilled project management professionals. Being in charge of budgeting, monitoring, planning, and providing reports on projects, their responsibilities are crucial and wide-ranging. Project managers are also required to pitch project ideas to other companies and oversee their completion.
What is the PMP Certification?
The Project Management Professional (PMP) certification is a globally-recognized credential for all project managers. It demonstrates the competence, experience, education, and skill set needed to see projects through. In the United States, it is an extremely competitive certification offered by the Project Management Institute (PMI).
Regarded as the gold standard, the PMP certification was developed by practitioners to streamline competency among professionals to personalize project management within a company. Some businesses however, may find the process a little daunting. This is where Field Engineer comes in. Our company offers you the expertise you need for your large-scale projects. We provide a specialized dashboard to ensure that all aspects of your projects are well managed.
PMP certifications are based on regular research and meticulous standards to meet the changing demands of the times. The types of PMP Certifications are listed below:
- Project Management Professional (PgMP): Created for individuals who manage several and multifaceted projects to achieve organizational results.
- Portfolio Management Professional (PfMP): This certification identifies advanced skill sets and experiences of portfolio managers. It shows proven abilities in the synchronized management of more than one portfolio.
- Certified Associate in Project Management (CAPM): The CAPM validates a professional’s understanding of fundamental knowledge, processes, and the language of effective project management.
- PMI Risk Management Professional (PMI-RMP): Recognizes demonstrated expertise in the specialized area of identifying and evaluating project risks. This certification also shows your ability to profit from opportunities for your organization.
- PMI Scheduling Professional (PMI-SP): It is a certification that validates your experience developing and maintaining schedules for projects.
- PMI Agile Certified Practitioner (PMI-ACP): Involves a combination of an online exam, experience, and training. This certification proves that your agile knowledge is advanced and superior.
- PMI Professional in Business Analysis (PMI-PBA): This is a certification that emphasizes your business analysis expertise. It focuses on the ability to collaborate with stakeholders to explain business requirements and shape project output.
What is the PMP Certification Path?
To earn a credible Project Management Certification, you must have the following qualifications:
- PgMP: A secondary degree, high school diploma, or associate degree; sixty months of experience in project management; thirty-five hours in ORCAPM certification. An alternative is to have a four-year degree with thirty-six months of project management experience within eight years.
- PfMP: Every applicant should have a minimum of ninety-six months of professional business experience within the past fifteen years. A secondary degree or eighty-four months of experience in portfolio management.
- CAPM: A secondary degree (i.e., associate degree, high school diploma, or any comparable global equivalent). Twenty-three hours of project management education (by the time you sit for the exam, the number of hours must be completed).
- PMI-RMP: Twenty-four months of project risk management experience in the past five years; a four-year Bachelor’s degree, and thirty hours of experience in project risk management education.
- PMI-SP: A secondary degree or four-year degree; forty hours’ education in project scheduling and another forty months 40 months’ experience in the same, within the last five years.
- PMI-ACP: Twelve months of experience in broad project involvement in the last five years; a four-year bachelor’s degree (or equivalent); eight months’ experience in agile project management in the past three years. If you possess a current PMP or PgMP, both can meet this requirement.
- PMI-PBA: Thirty-six months of business analysis; a Bachelor’s degree (or global equivalent), thirty-five contact hours of business analysis education.
PMP Job Description
A Project Manager manages strategic and essential client projects. They complete their various projects within schedule and budget. Besides giving progress reports, their ability to identify project risks and opportunities are crucial in their daily roles.
Furthermore, a Project Management Professional (PMP) must have excellent communication and interpersonal relations skills. This makes it easy to collaborate with other departments to ensure that every activity undertaken is compatible with the project. As they do this, a PMP must also provide the technical feasibility of each project handled at any particular time.
They must pay critical attention to resource availability and allocation. To achieve this, a PMP should have earned an appreciable level of experience on the field. More importantly, the business’s reputation is dependent on the quality of completed projects. Being able to meet expectations consistently assures more project contracts.
There is no particular project management skill that fits all. The professional must be skillful in every area of work – from marketing to human relations and technology. It is a complicated career but one where there is never a dull moment.
PMP Job Salary
The average family income is $55,775. Certified Project Management Professionals earn about $109,405 which is almost twice the average household income. These figures alone justify getting a PMP certification.
What Skills Do you Need as a Project Manager?
In general, no particular skill makes an excellent project manager. You will need a mix of all necessary and relevant skills, such as communication, time management, leadership, risk management, and problem-solving.
Is PMP Better Than an MBA?
The PMP is a professional certification, while the MBA is a degree course. After your degree, you will need a professional certificate to further enhance your credibility and experience as a professional.
What Does a PMP Certification Get you?
A PMP certification gets you credibility, validity, and evidence of experience in everything project management requires, and enhances your job security.
Is PMP Still in Demand?
Yes, it is. The full certification is still suitable for project managers who want to specialize in project management. On the other hand, plan-driven project management may not be needed by an individual interested in Agile Project Management.
What Qualifies as a PMP Experience?
Project management professional experience is any relevant set of knowledge categorized under Planning, Execution, Initiation, Closing and Monitoring, and Controlling.
A PMP career is one that involves an eclectic mix of experience and skill set. This certification enhances an individual’s resumé and provides industry recognition. Besides helping you learn vital management skills, it contributes to a significantly larger annual income bracket. Most importantly, this certification creates networking opportunities that validate your job dedication.