What is PMP Retake Exam Fee ?

What is PMP Retake Exam Fee ?

Learning Mudra, Category - PMP

PMP provisions for retaking the exam

PMP certification exam is well known for its rigor and thoroughness in testing a candidate’s knowledge and aptitude on the topics concerning project management. Due to its high level of difficulty, it has such industry wide credibility. This is even more so especially concerning its value addition to a professional. One of the results of its exacting standards is the inability of some candidates in being able to pass the exam even after their dedicated effort. PMP itself recognizes the challenges faced by an individual in clearing the exam in their maiden attempt. Therefore, it has provisions inherent in its rules that allow one to reapply for the exam.

Fees for retaking the exam

Once a candidate decides to retake the exam the first concern is the fees involved in retaking the exam. To provide the answer to this question we must divide the exam takers into two segments as the cost is subject to the membership status of the candidate. PMI has a two-tier structure regarding the retaking fees for the PMP exam. One is for those who are already a member of PMI which costs a total of two hundred and seventy-five dollars(USD) for each attempt. Another fee structure is for those who do not have PMI membership and costs three hundred and seventy- five dollars(USD) for each subsequent attempt at the exam.

As for whether the candidate should choose to become a member of PMI depends on the financial condition of the candidate as well their long-term goals. This is an important question for the candidate as PMI certification is a life-long process and is not like other exams as they have to regularly gain the Professional Development Units or PDUs required to maintain their certification. Therefore, the value of the return on investment has to be evaluated with a clear mind taking all the relevant factors into account especially considering the end term goals of the professional.

That being said a candidate should consider being a member of PMI member if he considers all the value addition provided by the membership. This includes savings on exam fees from all the globally recognized certifications being provided by PMI as well as the various professional opportunities for skill development. This also includes the connect to the local chapter of PMI where they can network with others locally or virtually to keep up with the latest developments and industry news. Furthermore, they also get the free download of the various PMI Standards and Guides that can enable them to learn better.

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Number of re-attempts available for the exam

The next major question faced of candidates desirous of clearing the exam is the number of times, they are able to apply for the exam. As per the PMI rules a candidate can appear for the PMP certification exam for a total of three times within one year period of registering for the exam. This provision allows a reasonable number of attempts to the candidate to clear the exam if any external factors have affected their preparation negatively or if they have some other issues they need to resolve. Thus, only when they are fully prepared should they appear for the exam.

If they still fail to clear the exam in these three attempts then they have to wait for a time period of one year from the date of their last attempt to reapply for the certification. After the requisite time period has passed, they can re-register themselves for the exam post their preparations for the same are complete. The gap of one year is actually a period in which the candidates can identify their mistakes and work effectively to ensure that they are handled properly. They may take the help of any certified course that gets them exam ready to improve their chances.

Provided they are already a PMI member in order improve their preparation they can connect with other professionals who have already cleared the exam to get their feedback and inputs on how to improve their preparation. This can also be done by attending the various live events and seminars being provided by PMI to keep the professionals aligned with the latest industry trends and latest developments in the field of project management. They can also rely on their local chapter to find other likeminded people to connect with other candidates who are also seriously preparing for the exam so that they can improve their performance.

Conclusion to the Topic: What is PMP retake exam fee ?

For professionals who are really serious about advancing their career to the next level as well as increasing their earning power in real world terms PMP certification is a must have, especially considering the difference in earning power of the same individual before and after the PMP certification. For those who want to explore this in quantitative terms we have a well-researched article on the same where they can find out for themselves how much salary increment, they can expect based upon their geographical location and other factors. This will help them to make the decision of quantifying the value of the certification for them more clearly.