How PMP Certification Will Help You?
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 successful in terms of quality, 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 their projects. The trend of hiring PMPs by various organizations is increasing very fast.
In another survey conducted by Foote Partners on behalf of PMI, their 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 get a higher salary if I am PMP certified? Results found at Payscale.com 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% |
|
