How much does PMP certification cost

0 votes
What is the total cost associated with obtaining a PMP (Project Management Professional) certification, including fees for PMI membership, the PMP exam, study materials, and any other potential expenses? Please provide a detailed breakdown of these costs and any factors that may influence the overall expense.
Sep 13, 2023 in PMP by Saniya
• 3,360 points
394 views

1 answer to this question.

0 votes

Obtaining a PMP (Project Management Professional) certification involves several costs, including fees for PMI (Project Management Institute) membership, the PMP exam, study materials, and potentially other expenses. Here's a detailed breakdown of these costs and factors that can influence the overall expense:

1. PMI Membership:
   - PMI membership is not mandatory but is often recommended because it provides several benefits, including access to resources, networking opportunities, and discounted exam fees.
   - PMI membership costs vary based on the type of membership and location. As of my last update in September 2021, the annual membership fee for PMI Global was approximately $129, and the fee for PMI members in specific geographic regions was lower (e.g., $40 for PMI members in developing countries).

2. PMP Exam Fee:
   - The PMP exam fee varies depending on whether you are a PMI member or a non-member.
   - As of my last update, the exam fee for PMI members was approximately $405, while the fee for non-members was approximately $655.
   - It's important to note that PMI periodically reviews and adjusts exam fees, so it's essential to check the PMI website for the most current pricing information.

3. Study Materials:
   - The cost of study materials can vary widely depending on your preferred study method and the resources you choose. Common study materials include:
     - PMP exam prep books: These books provide comprehensive coverage of the PMP exam content and range in price from $30 to $100 or more.
     - Online PMP exam prep courses: These courses may cost anywhere from $200 to $1,000 or more, depending on the provider, the depth of content, and any additional features.
     - Practice exams and question banks: You may purchase practice exam sets or question banks, which typically range from $50 to $200.
     - PMP exam simulators: These tools allow you to simulate the actual exam experience and can cost between $100 and $300.
     - Study guides and flashcards: These supplementary materials may cost $20 to $50.

4. Other Potential Expenses:
   - Additional expenses to consider may include:
     - Transportation or accommodation if you choose to attend in-person training or take the exam at a physical test center.
     - Re-exam fees if you do not pass the PMP exam on your first attempt. PMI members typically receive a discount on re-exam fees.
     - Membership renewal fees if you choose to maintain your PMI membership beyond the first year.
     - Any optional courses, workshops, or coaching sessions you may choose to enhance your preparation.

Factors Influencing Overall Expense:
   - PMI Membership: If you become a PMI member, you'll pay an annual membership fee, which can be a significant factor in your overall cost.
   - Study Material Choices: The cost of study materials can vary based on your preferences and the resources you select. Some individuals may opt for free or low-cost resources, while others invest in comprehensive courses and materials.
   - Geographic Location: PMI membership fees and exam fees can vary by region, with lower fees available in developing countries.
   - Retake Costs: If you do not pass the PMP exam on your first attempt, you may need to budget for re-exam fees.

The total cost of obtaining a PMP certification will depend on these factors and your individual choices. It's advisable to create a budget based on your specific circumstances and preferences, taking into account the costs outlined above. Additionally, periodically check the PMI website for any updates to fees and requirements.

answered Sep 14, 2023 by anonymous
• 3,360 points

Related Questions In PMP

0 votes
1 answer

How much does pmp certification cost?

Details Of  PMP® Certification Fee Structure 200 multiple-choice questions 4 ...READ MORE

answered Sep 4, 2020 in PMP by Gitika
• 65,770 points

edited Jun 26, 2023 by Khan Sarfaraz 854 views
0 votes
1 answer

How much does the pmp exam cost?

Project Management Professional (PMP) is a globally acknowledged professional ...READ MORE

answered Sep 4, 2020 in PMP by Gitika
• 65,770 points
792 views
0 votes
1 answer

How much does it cost to take the pmp exam?

Details Of  PMP® Certification Fee Structure 200 multiple-choice questions 4 ...READ MORE

answered Sep 8, 2020 in PMP by Gitika
• 65,770 points
756 views
0 votes
1 answer

How long does it take to get pmp certification?

Ideal Preparation Time Frankly, for a distinguished exam ...READ MORE

answered Sep 4, 2020 in PMP by Gitika
• 65,770 points

edited Jun 26, 2023 by Khan Sarfaraz 2,012 views
0 votes
1 answer

How much is pmp certification?

Details Of  PMP® Certification Fee Structure 200 multiple-choice questions 4 ...READ MORE

answered Sep 8, 2020 in PMP by Gitika
• 65,770 points

edited Jun 20, 2023 by Khan Sarfaraz 637 views
0 votes
0 answers

How much is PMP certification?

What is the financial investment required to ...READ MORE

Sep 13, 2023 in PMP by Saniya
• 3,360 points
345 views
0 votes
1 answer

What is PMP certification?

Project Management Professional® Certification (PMP) is a globally acknowledged professional ...READ MORE

answered Sep 3, 2020 in PMP by Sirajul
• 59,230 points
543 views
0 votes
1 answer

How to get the PMP certification?

Project Management Certification is a globally acknowledged professional ...READ MORE

answered Sep 3, 2020 in PMP by Sirajul
• 59,230 points

edited Nov 9, 2023 by Khan Sarfaraz 758 views
0 votes
1 answer

How hard is the PMP exam?

PMP Certification is one of the most worthwhile and ...READ MORE

answered Sep 3, 2020 in PMP by Sirajul
• 59,230 points

edited Dec 15, 2022 by Gunashree 831 views
webinar REGISTER FOR FREE WEBINAR X
REGISTER NOW
webinar_success Thank you for registering Join Edureka Meetup community for 100+ Free Webinars each month JOIN MEETUP GROUP