PMP stands for “project management professional,” and the certification for it is provided through an exam administered by an organization called the Project Management Institute (PMI).
PMP certification is not specific to any one industry, though it’s a credential that has become more important in the technology (IT), manufacturing, health care, publishing and manufacturing industries in particular. Because of the increasing reliance on technology in all these areas, there is always a growing need for people who can pull together all the different players on a project – the developers, managers, salespeople and possibly even outside software vendors – to manage the building of everything from new websites to new apartment buildings. The goal of the project manager is generally to deliver projects on time, within budget, and within the resources the company can afford to offer. A PMP must also agree to obey a professional code of conduct.
The PMP certificate is not necessarily important to all employers. But managers who have the credential often report that when they are being considered for a new job position, they wind up being chosen over another candidate who does not have the PMP, because it becomes the one differentiator an employer can base a decision on when both candidates have similar experience.
To be eligible to take the PMP exam you must have either:
– a high school diploma, associates degree or equivalent, five years professional management experience and 35 hours of formal education to take the test.
– a bachelors degree or foreign equivalent, three years project experience and 35 hours of formal education.
Preparation courses for the PMP certification are offered by a wide variety of colleges, career institutes any by the PMI itself. Many of the study options are offered online. Some schools also offer Master’s Degrees in project management.
In addition to the Project Management Professional (PMP) certificate, there are four other certifications offered by the Project Management Institute:
- Certified Associate of Project Management (CAPM)
- Program Management Professional (PgMP)
- PMI Scheduling Professional (PMI-SP)
- PMI Risk Management Professional (PMI-RMP)