Benefits of Project Management Certification for an individual

Achieving a professional certification can be a big asset to a project management consultant as well as to his business. The Project Management Institute offers courses and certifications like Project Management Professional (PMP) and Certified Associate in Project Management (CAPM). These certifications and easy PMP training have many benefits, including building your credibility and allowing you to charge a higher rate and are  globally recognized.

These certifications can help you in four key ways:

  1. Assists in increasing the billing rate

As a consultant, your base rate is normally determined by your education and experience, but adding a recognized certification to your resume can assist you in boosting the economic value of your services. This is motivated by an increasing desire among medium and big businesses to hire certified project managers and consultants. Companies appear to be willing to pay for that degree of knowledge and make it a criterion for employment.

When working for organizations with annual revenue of more than $500 million, individuals having a CAPM certification can expect to earn a minimum of $161,474 per year. This number increased by 24% in a sample of 2,000 wages. This demonstrates the value of Project Management certification.

  1. Improves trustworthiness

Certified professionals also agree to follow a code of ethics and professional conduct that is widely accepted in the business. It is not simple or easy to become a PMP certified consultant, but the credential reflects a higher degree of skill and experience, which immediately increases your credibility as a consultant.

You must complete PMP training and meet the specified demanding requirements that measure your experience, education, and professional expertise in order to obtain a Project Manager Professional (PMP) certification. In addition to passing a test, you must have three to five years of experience as a project manager, depending on your educational background, and 4,500 to 7,500 hours experience in leading and managing projects.

  1. Brings in new clients

Year after year, the number of certified project managers is increasing. The Project Management Institute (PMI) has over 2.9 million members from all around the world as of 2016. As these figures climb, so does the number of businesses that understand the need of working with certified individuals. Having a PMP certification or another sort of project management certification, such as the CAPM certification, can mean the difference between getting the job and being passed over for someone else. It can also be a decisive element in a client's decision to choose you or not. 

  1. It is globally recognized.

A PMI certification is now recognized as satisfying worldwide standards and regulations if you operate with multinational clients or firms with a global presence. Due to its well-respected and globally recognized nature, it helps you to earn more and stand out to employers.

The PMI was the first project management association in the world to get 17024 certifications from the International Organization for Standardization for its Project Management Professional (PMP) certification program in early 2007. Because they can reference the ISO 17024 certification, hiring PMP-certified consultants is now very useful to multinational enterprises. ISO was established in 2002, but it is now recognized and accepted by over 85 countries, and it is regarded as a significant standard in the international business community.

 

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