What is PMP Certification?

The way companies deliver projects has undergone a metamorphosis after the introduction of artificial intelligence (AI). Enterprises are looking for certified and experienced project managers who understand the impact of agility and resilience in project management. Across industries, more than 25 million project managers are needed in the next few years.

To stay competitive in this market, you must develop core competencies such as stakeholder management, people management, budgeting, project planning, engagement, and resource management. In this blog, let's understand what PMP certification is and how it can help you develop the above-mentioned key skills for project managers.

What is PMP Certification?

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The global demand for project management specialists is predicted to increase by 6% from 2022 to 2032. A Project Management Professional (PMP) certification shows that you know the latest emerging trends, technologies, and best practices to excel in your role as a project manager. The PMP PMI (Project Management Institute) offers the globally recognized PMP certification that demonstrates an individual's ability to lead any kind of project in any industry.

Regardless of your current role and industry, you can qualify for a project manager position with a PMP certification. Project leaders craft the PMP exam for project leaders, which tests their ability to handle real-life project management experiences. The latest training and examination will ensure that you are well-versed in using agile, predictive, and hybrid approaches to project management.

As the demand for project managers is now at an all-time high, you will benefit from PMP certification and training. Just by looking at your PMP certificate, recruiters will instinctively know that you understand the intricacies of project management.

What Does a PMP Certified Manager Do?

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Organizations consider PMP to be a gold standard for project management. If you are already a project manager, getting the PMP certification will elevate your status. You may even get a higher-level promotion or salary hike after getting certified. On the other hand, acquiring this certification will instantly qualify you for various senior-level project manager roles if you are interested in project management.

The primary responsibilities of a PMP-certified manager are:

• Planning and Initiation – Project managers define project goals, scope, and deliverables based on the type of project. They create project plans and schedules. The manager also assembles the project team, matching the skills of individuals with project requisites.
• Execution – Managers lead and motivate the team to deliver the project on time. They also manage resources effectively, monitor the progress, and make any necessary adjustments to ensure that the project guidelines are always met. 
• Monitoring and Controlling – At every point during project management, the manager must continuously track performance and compare it against the plan. This is crucial to identify and manage project risks so as to implement quality control measures. 
• Closing – Once the project development is complete, the manager meets project deliverables. They conduct evaluations, close out contracts, and document project lessons to move on to the next project. 

What are the Benefits of Taking a PMP Certification?

The PMP certification syllabus is designed considering the needs of project requirements. So, as you earn PMP certification, you will also update your knowledge of the existing trends and gain knowledge on using the latest technologies to improve the project. 

If you are wondering what is the use of PMP certification, here are some of the benefits:

• Enhance career prospects – PMP-certified and qualified professionals are highly sought after by employers. This can directly translate to better job opportunities with higher salaries.
• Global recognition – Getting certified by a worldwide authority such as PMI ensures the professional's credibility. As a result, you can command respect in your workplace and within the project management community.
• Improved project success rates—PMP-certified managers bring a structured approach to project management, increasing the likelihood of project success. Once professionals understand PMI PMP certification, they train (on their own or with subject matter experts) using the latest course material to improve their skills and drive better project performance.
• Professional development – Preparing for and obtaining the PMP certification fosters continuous learning and professional growth. Upgrading your skills will help you ascend your career in different project manager roles and become a project director.

Which Industries Hire Project Managers?

PMI-certified project managers are in high demand in various industries, including:

• Information technology (IT)
• Construction
• Healthcare
• Finance
• Manufacturing
• Consulting
• Government 
• Non-profit organizations 

Conclusion

Any project manager looking to advance their career must learn what is PMP certification. It demonstrates your expertise in project management and trains you on work breakdown structure, project cost estimation, resource allocation, engineering economics, cost management, and mathematical models for project scheduling. It boosts your leadership abilities and improves your growth potential as a project manager.