Improve your bottom line While there is no statistical information to support this statement, there is plenty of evidence that more and more businesses across more and more industries are demanding that project managers they hire be PMP® certified. Most businesses seeking to attract project managers with this certification are willing to adjust their salaries or rates to attract certified project managers.
Stay competitive The converse of reason number 1. More and more project managers are heeding the call to certification so instead of facing a situation where there may be 1 or 2 certified project managers to compete with for a PM role, you may find a majority of the project managers you are competing with are certified. Instead of making up for this deficiency with your experience you may find that there is a project manager who has your background plus the certification. You’ll find this true whether you are applying for a PM position at a new organization or a promotion in the organization you are currently with.
Learn project management best practices from the PMBOK®Guide The PMBOK®Guide is the PMI’s project management bible. Paying your fee to write the certification exam entitles you to a copy of the PMBOK and, since the exam is largely based on the project management approach described in that book, you learn those practices as part of preparing to pass the exam. You’ll find that acquiring those best practices will not only help you pass the exam, it will make you a better project manager.
Gain respect in your workplace If you’re like most project managers you have to rely on your ability to influence the project team to get work done because you don’t have official practical authority over the team, you aren’t the functional manager. Referential authority is one of the ways you can replace the practical authority you are missing and getting yourself certified as a Project Management Professional (PMP®) by the PMI is one of the best ways of getting that authority. Your standing with your fellow project managers and peers in other disciplines will also be elevated with this additional referential authority.
Improve your organization’s bottom line How will certification bring about an improvement in your organization’s bottom line? It’s simple, your organization invests money in projects that will increase revenue or decrease expenses. Your ability to deliver the goals and objectives envisioned by the project’s sponsors on time and on budget will directly improve the bottom line. Implementing the best practices you learn during your preparations for the certification exam will improve your chances of delivering on the initial promise of the project and help you meet schedule and budget objectives.
PMP and PMBOK are the registered marks of the Project Management Institute, Inc.