What is PMP certification renewal fee?

What is PMP certification renewal fee?

Learning Mudra, Category - PMP

About PMP

PMP certification is the project management program certification which is conducted by the PMI worldwide. PMI, a not-for-profit entity that provides out certification to candidates worldwide. A PMI certification gives one skills and disciplines that are required for project management. It's a really desired certification and is very valuable world of jobs, be it private sector or the govt sector because it tells the clients and the customers that the workers who are handling their much-valued projects have a certification and the required skills to manage the project during a more efficient way with the given set of finite resources.

The ever-increasing demand of PMP

With such a title, come great responsibilities. With the definition of business changing with time, it’s not restricted to big giants of the corporate world or a couple of particular domains like aviation and consultancy. With evolving times, every domain is stepping up, and with this come new projects in these domains, and with the commence of latest projects, a requirement for people to manage these projects is additionally emerging. People that are skilled within the area of project management, who have the proper set of theoretical knowledge and also possess hands-on experience within the domain of project management are on a really high demand.

Investment for PMP

With so many benefits that PMP offers to the candidates who have cleared it, one might think that it must cost a lot to them, but the benefits that are offered very well justify the price that the PMI charges for the certification course. The current charges for PMI certification stand at Rs. 42,863 or $588 for a computerized test at an authorized center for a non-PMI member, and the charges are Rs. 23,459 or $322 for an already enrolled PMI member. A candidate can also opt for a paper-based examination, the charges of which are $400 for a non-PMI member, and $250 for a PMI member.

The current membership for PMI stands at $129 a year, with $10 charges for registering for the exam, so if you become a PMI member first, then apply for the exam, you'll save $11 while registering for the exam itself. However, one must note that there are some conditions that require to be fulfilled for taking over the paper-based examination. You'll only choose a paper-based examination if you reside a minimum of 300 km far away from the authorized center, or if you're working in a corporation, and your employer has sanctioned an examination for workers within the corporate.

Renewal process and Renewal fee of PMP Certification

Like nothing lasts forever, and every good thing has to end, so is the case with a PMP certification. 3 years after you have earned your project management certification, and put in all the efforts in attaining that, the certification expires, and along with that all the perks of having that certification go away. But the person need not worry, as the Project Management Institute offers a flexible way to renew your membership within the same day that your membership expires, and with the renewal of your membership you get all your perks of being a PMP certification holder back.

Now, to renew your PMP certification, you need to earn PDU’s, which are the Professional Developments Units. Out of these 60 PDU’s, 35 of these PDU’s should be in the learning area, and 25 can be in the giving area, where you are teaching someone. After you submit your report, then the PMI will evaluate and audit your reports, and then decide upon their validity. When your report has been authenticated, then the PMI will update your dashboard, and all you need to do then is pay the renewal fee, which is $60 for PMI members, and it is $150 for non-PMI members.

Reinstatement of your PMP certification

If in case someone does not renew his or her membership in the given one year, then the status of the membership changes to suspended, and during this given suspension period, you cannot claim yourself to be a certified PMP professional, and cannot put the abbreviations of the course in front of your name, and then you need to earn the required PDUs and reinstate your membership. If you let this window of one year pass by, then you are as close to your doomsday as anything, and if such a situation arises, then you can’t be saved by even thousands of PDUs.

Now, since PMP certification is so valuable in the world of project management, it needs to uphold its value. And the PMI makes sure that the candidates are up-to-date with the knowledge in the field of project management. There are various different ways that you can retain your certification by renewing it through teaching others, working as a project management in a professional environment, learning, or even volunteering to teach someone. The basic idea is to keep yourself updated with the progresses in the field of project management, and keep oneself aligned with ever increasing and changing challenges in the area of project management.

How to manage the PDUs

One may ask now that how can we keep track of the PDUs that we are earning, and how would we know how many PDUs are still remaining, so the answer to this problem is Continuing Certification Requirements System (CCRS). This is a platform on the official PMI website that lets you keep track of your progress in the PDUs section and also about the status of your PMP membership and its validity. The CCRS lets you keep track of the followings: number of days for your PMP expiration, the number of PDUs required to renew membership and the summary of all the PDUs.

Conclusion

In the end, we can understand that how important it is for a PMP to keep a track of his membership, and what all is required of them to renew their membership. When a candidate gets his PMP certification, he feels on cloud seven, but to continue to remain on this level, the candidate needs to be aware of the timeline of his membership, when the renewal is required, when the given PDUs need to be earned and updated in CCRS, everything is as important as the preparation that is done to attain the certification in the very first place!