An overview of the PMP certification costs in India, including exam fees and training costs
Project Management Professional (PMP) certification is a globally recognized credential that signifies the competence of project managers in managing complex projects. PMP certification is administered by the Project Management Institute (PMI) and is highly valued by employers worldwide. However, one of the main concerns for aspiring PMPs is the cost of the certification. This blog will discuss the PMP certification cost in India, including exam fees, training costs, and more.
- Exam Fees
The exam fee is the first cost component of Online PMP Certification in India. PMI determines the PMP exam fee, and it varies depending on the membership status of the candidate. The exam fee for PMI members is lower than that for non-members. The current exam fees for PMP certification in India are as follows:
- PMI Member: US$405
- Non-PMI Member: US$555
The exam fee is paid online through the PMI website. The exam fee includes one attempt at the PMP certification exam. If the candidate fails the exam, they can retake it by paying a retake fee higher than the initial exam fee.
- Training Costs
The second cost component of PMP certification in India is training costs. PMP certification training is not mandatory, but it is highly recommended. The training can help candidates prepare for the exam and acquire essential project management skills. There are several options for PMP certification training in India, including classroom, online, and self-paced training.
The PMP Certification Cost in India varies depending on the provider, the mode of delivery, and the duration of the training. The cost of classroom training can range from INR 25,000 to INR 50,000, depending on the training provider and location. The cost of online training can vary from INR 15,000 to INR 35,000, depending on the provider and course duration. Self-paced training is the most affordable option, ranging from INR 5,000 to INR 10,000.
- Exam Preparation Materials
The third cost component of PMP Certification in India is exam preparation materials. PMI offers several exam preparation materials, such as study guides, practice tests, and flashcards, to help candidates prepare for the PMP exam. However, these materials come at an additional cost. The cost of PMP exam preparation materials in India varies depending on the provider and the type of material.
PMI offers official exam preparation materials, such as the PMP Exam Prep book, which costs US$99 for PMI members and US$129 for non-members. PMI also provides practice tests, which cost US$60 for PMI members and US$100 for non-members. Other providers provide exam preparation materials at varying prices, ranging from INR 1,000 to INR 15,000.
- Membership Fees
The fourth cost component of PMP certification in India is membership fees. PMI membership is not mandatory for PMP certification but can significantly save exam fees and preparation materials. PMI offers several types of membership, including individual membership, student membership, and retired membership. The membership fee for PMI in India is lower than in other countries. The current membership fees for PMI in India are as follows:
- Individual Membership: US$139
- Student Membership: US$32
- Retired Membership: US$65
PMI membership provides several benefits, including access to PMI resources, networking opportunities, and discounts on products and services. Therefore, becoming a PMI member can be a good strategy for Indian professionals to reduce their PMP certification costs.
- Retake Fees
The fifth cost component of PMP certification in India is the retake fee. As mentioned earlier, candidates who fail the PMP exam can retake the exam by paying a retake fee. The retake fee is higher than the initial exam fee, and it varies depending on the membership status of the candidate. The current retake fees for PMP certification in India are as follows:
- PMI Member: US$275
- Non-PMI Member: US$375
Candidates who fail the exam for the second time must wait one year from their last attempt before retaking it. Candidates who fail the exam for the third time must wait one year from the date of their previous effort and complete additional PMP certification training before retaking the exam.
- Travel and Accommodation Costs
Travel and accommodation costs are the sixth components of PMP certification in India. PMP certification exams are conducted at PMI-approved test centers, which are located in major cities in India. Candidates who live in a different town from the test center may need to travel to the test center and stay overnight. The cost of travel and accommodation can vary depending on the distance and location.
Candidates attending classroom training may incur travel and accommodation costs if the activity is conducted in a different city. Therefore, candidates should consider these costs when deciding on the training mode.
- Time Cost
The final cost component of PMP certification in India is the time cost. The PMP certification process can take several months, and candidates must invest time preparing for the exam and completing the certification requirements. Candidates attending classroom training must allocate time for the sessions, ranging from 35 to 40 hours. Candidates who study through self-paced training need time to explore the materials and complete the practice tests.
In addition, candidates must accumulate 35 contact hours of project management education before applying for the PMP certification exam. Therefore, candidates need to allocate time for completing the project management education.
In conclusion, PMP certification is valuable for project managers in India. However, it comes with a cost. The cost of PMP certification in India includes exam fees, training costs, exam preparation materials, membership fees, retake fees, travel and accommodation expenses, and time cost. Candidates should consider these costs when deciding to pursue PMP certification and choose a mode of training and study that fits their budget and schedule. Becoming a PMI member and taking advantage of PMI resources and discounts can reduce the overall cost of PMP certification.