Top advantages of PMP Certification in 2021

Project management is one of the most important elements for every other organization operating in various industries. Project Managers are one set of professionals who are found across industries right from hospitality to financial bodies. This is because a PMP professional has a vast knowledge that no organization wants to miss out on.

In fact, going by the recent statistics it has been seen that project management has entered a new position across industries. This even has changed the way things used to operate while a project was in action. Previously organizations used simple & traditional tools and methodologies to carry out the projects. Which over the days has clearly changed. In fact, in 2019 it was found that project managers started adopting new methods.

With statistics like such in play, some of the most important trends have come in action to ease out the operations of project managers. This includes:-

1.Usage of project management tools & solutions:

No project can work without tools and solutions. It has been seen that 77% of the projects have been successful with the usage of various tools. Tools helps project managers in:-

• Budgets & Deadlines: Allows you in delivering the projects with the allocated budget while the deadlines are pretty much in place.
• Progress Tracking: Enables you to Track the ongoing projects to adjust the required resources that either have been used or might be needed.
• Planning: Requires data used in the previous projects.
• Scheduling and time tracking: Tracks the time spent on a given task to manage the scheduled events, meetings and deadlines. This is important since it is crucial while you are heading towards the deadline.
• Communication & Collaboration: Allows a Project manager in circulating the needful information which is crucial during the time when something has not gone as per the plan.

2.Involvement of emotional intelligence(EI):

PMP Professionals have shared that considering EI has been pretty fruitful for project execution. It also impacts on the delivery of the project according to its deadlines. In fact, it has been revealed in a survey that nearly 58% of projects have shared this approach has helped them to a huge extent.

3.Involvement of data analytics:

Since throughout the project all the project managers are concerned about the success of the project, thus they keep bringing in data to validate what is going right and what can possibly go wrong. All this process requires tools to interpret the data that can predict problems to address them in time.

4.PMP inclined with Automation and Artificial Intelligence:

To make projects work smoothly project managers have started using AI. AI basically is used to direct and allocate work to the team members. This way the team keeps moving forward task by task and they only need to focus on the shortcomings of the project in its later stage.

5.Use of hybrid project management methodologies:

In order to execute the projects project manager has created new theories. Where they have smartly picked up good elements from both Traditional and Agile approaches to let the project move forward instead of lacking behind. They have realized that a single methodology tends to backfire at any point in time with this approach; they only are supposed to look at the things or elements which didn"t work out previously.

Before we get down to how PMP Certification is helpful to let’s first understand What is PMP certification about?

PMP certification is an industry-recognized credential for project managers. The certification reflects the skill, education, competency, and experience that is necessary for professionals to lead and execute projects. PMP is the most demanded certification that is administered by PMI (Project Management Institute) USA.

Advantages of PMP certification

In fact, the above-stated trends reflect that people who are thinking or are taking up PMP certifications are going to grow both on the professional and personal front. In fact, recruiting experts treat PMP certification as a very important credential that adds value and makes one’s resume more credible. PMI has confirmed that by the end of this year i.e. 2020 there will be 15.7 million new job opportunities all thanks to $6.1 trillion growth in the industry. This is one of the most crucial reasons why a lot of professionals have lately taken up PMP certification. To a great extent keeping the current market demand for Project Managers they already are making an average annual salary of $109,405.

Furthermore, it helps you build the essential skills required to excel in your career. Baring facts like such, here are some reasons why someone should take up PMP certification and what are the top advantages of having a PMP certification

1.Makes you and your resume more credible:

A person who has done or is taking PMP certification means that they have entered into an ever-growing world by growing as an effective project manager here. Project management is one professional that is required in varied industries thus, there is a massive demand for project managers. Jobs in project management are in huge demand.

So when professionals apply for these jobs it is both time consuming and resource occupying tasks for organizations as well who are looking for project managers where interviewers have to assess the potential of such professionals. Given the kind of demand, there is for project managers across industries interviewers prefers taking up professionals who are a certified project manager. This helps them in filtering out the right candidates and also helps them in assessing oneçredibility.

Where being certified in PMP helps professionals in moving ahead in the selection process. In fact, it has been seen that various organizations have made it mandatory for professionals to be certified in PMP. Which professional without this qualification cannot even try their luck by applying for this position.

2.Equips one with industrial recognition:

Equips one with industrial recognition: The certification is recognized universally. PMP unlike any other certification focuses on a global level and is applicable across industries. Thus, one’s professional background doesn’t hinder while they are practicing as an active project manager. In fact, your professional background in some way adds value to your certification because having come from a varied background you get to develop a holistic view about a task. Studies have confirmed an increase in certified professionals in an organization has led to an increase in the success of the project.

Organizations across industries have admitted that certified managers are better in finishing projects within the projected time and budget. People who are thinking of starting their careers in Project management should know that PMP certification is a fruitful certification that.

Professionals starting their careers in project management should know that PMP certification will act as an unstated tool in your arsenal that will cover up for your lack of experience. That is certified by PMBOK certification.

3.Helps you learn important skills:

Clearly your resume becomes more attractive to organizations when it is written certified in PMP on it. In fact, PMBOK certification teaches you important skills that help you excel in your careers. Furthermore, PMP certification has high standards, however, it is not as easy as it sounds to clear this exam unless you have prepared for it extensively.

Getting certified in PMP requires you to master the practical applications of the theory. Getting certified in PMP means that one has gained various soft and hard skills through this credential. Not only does this certification build your fundamental knowledge but it also equips you with tools and techniques that are apt for your project that may also vary time and again with varied circumstances. It further gives you exposure in moving trends of the industry.

4.Gets you better salary:

The biggest PMP advantage is that it impacts on one’s salary. It has been seen that a PMP certified makes an annual salary of $91, 0000 to $110,000(USD). Adding to this is the fact where it has been seen that a PMP certified makes 20% more money than a non-certified PMP professional. And this is something that is common across the globe throughout industries.

In fact, PMP certifications also add to your job security. Where some organizations value core competencies gained from this certification during the downtime. Thus, this credential also equips you in silently fighting the potential lay off.

Given the industrial acceptance towards PMP Certification one, this is guaranteed that the salaries in the coming days will be rising to a great extent.

5.Facilitates you with learning & networking opportunities:

PMI organizes two to three events for all the project managers across the globe that happen throughout the year. This simply means that 773,840 active PMP certified from all over the world join to attend these events. In these events, PMI gives project managers a chance to become more proficient and better learners that equips them in becoming better project managers. The objective to carry out these events is to make these active project managers in earning more PDUs (Professional Development Units) that are important in retaining their certifications. These units are needed to fulfill Continuous Credential Requirements, also called CCRs.

These events allow project managers to interact with fellow project managers who are working in other parts of the world and earn a thing or two from one another. It also allows them to make better contacts helping them in building good relationships on a professional front.