Posted on

The PMP Exam 2023

Woman gathering information about the PMP exam 2023 at her desk on her computer[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” hover_enabled=”0″ da_disable_devices=”off|off|off” global_colors_info=”{}” sticky_enabled=”0″ da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

In January 2021 the Project Management Institute (PMI) changed the Project Management Professional Exam.  As part of that change, it shifted away from changing the PMP exam every 4 to 5 years in favor of a continuous improvement model with more frequent exam content updates.  The benefit is to align project management trends and the work project managers perform today to the exam content to keep the certification relevant.

In 2023, the exam continues to align with the Examination Content Outline. In September, 2023 PMI/Pearson made a crucial change to the scoring timeline for certification exams. To enhance security measures, the evaluation process of exam results will now require additional time. Let’s take a closer look at this change and additional shifts of the PMP exam since 2021.

The Latest on the PMP Exam for 2023

  1. What’s New on the PMP for 2023?
  2. What Skills Does the PMP Cover?
  3. New PMP Exam Prep Materials for 2023
  4. PMP Exam Prep Training for 2023
  5. Keep Up on PMP Exam Updates

What’s New on the PMP for 2023?

There are several notable changes to cover.

  1. PMI/Pearson Exam Scoring will require additional time due to enhance security measures.  As a result, the release of post-exam pass/fail notice and detailed results analysis will be delayed by up to 5 days after completing the exam. You may receive a provisional notice of pass/fail upon completion of the exam.  The score in this provisional notice is still subject to review for verification and validation.  In this case the official final score report will typically be available within 48 hours, according to PMI/Pearson. This change reflects their commitment to maintaining the utmost integrity and accuracy throughout the certification process.
  2. The PMBOK® Guide – Seventh Edition will now be a reference to inform the development of the PMP exam topics. As such, we expect that students will be tested on content from the PMBOK® Guide 7.
  3. PMI’s Process Groups: A Practice Guide repurposes essential content from the PMBOK® Guide – Sixth Edition, which was phased out in 2022. The Process Groups model is likely to become a resource for the PMP exam for predictive project management best practices and processes (e.g., process groups guidance, inputs, tools and techniques and outputs). Representing almost half of the exam, students preparing for the PMP will continue to need a strong knowledge of predictive methods.
  4. The way of doing project management is not process dependent. In fact, in many ways, it’s situational.  Depending on the project, the process that is applied can be tailored to accommodate each project. Today’s project manager must have a comprehensive understanding of agile and predictive project management. They need to know the processes of both and how and when they work best on a project-by-project basis.

In addition to understanding how the PMP is shifting, let’s review the project management skills covered on the exam.

What Skills Does the PMP Cover?

The PMP certification requires an understanding of the most important project leadership skills and practices across three domains as listed in the Examination Content Outline. You’ll be expected to apply this knowledge in the context of leading and managing predictive, agile and hybrid projects.

People Doman: The people domain represents 42% the questions on the PMP exam.  It covers leading projects teams and managing stakeholders with effective interpersonal skills including:

  • team building
  • removing roadblocks
  • conflict management

Process Domain: The process domain represents 50% of the PMP exam. You’ll be tested on the technical skills to integrate all facets of project planning and management to realize project benefits such as:

  • budgeting & scheduling
  • managing risk
  • project methods and practices

Business Improvement Domain: This domain represents 8% of exam questions.  You will need to understand the connection between the people and process within the business context. Domain topics include:

  • compliance
  • delivering value
  • organizational and business change

New PMP Exam Prep Materials for 2023

As the exam evolves, RMC is adapting our PMP prep materials to meet the needs of our students.

Rita Mulcahy’s PMP Exam Prep Book – All New 11th Edition

This book is vastly different from our previous editions. It is structured so that you can easily relate it to the Examination Content Outline (ECO).

Rita’s PMP® Exam Prep book is the ultimate one-source prep guide to help you pass the PMP the first time. In this Course in a Book™, we bring together the terminology and concepts used in the ECO, the PMBOK® Guide, and the Process Groups: A Practice Guide. We synthesize the concepts in a way that makes it easier to understand and prepare students for the exam. No other prep guide brings this level of knowledge while explaining things simply and clearly.

Rita’s Process Chart™ remains in this edition along with a new process chart: Rita’s Agile Process Chart™. These process charts break down what happens in each of the process groups when working on predictive and agile projects. These powerful tools help students gain knowledge and prepare them to answer questions on the exam.

PMP Self-Study Materials Updated for 2023

We have applied this same rigorous approach to our self-study materials. Our PMP Exam simulator has an extensive database of over 2,220 questions.  We offer a realistic exam environment with unlimited 180-question exams to test your knowledge. Our popular Hot Topics flashcards for the PMP are also fully aligned to the ECO and accessible from your phone and other mobile devices.  We’ve combined these products in our popular PMP Exam Prep System. If you prefer an instructor-guided study experience, RMC’s all-new live online training course is worth considering.

PMP Exam Prep Training

The 11th Edition of RMC’s PMP Exam prep instructor-led course has been updated to reflect new and essential exam content from multiple sources.  In addition to original content, the class integrates diverse PMP resources.  The new course offers the latest prep tools and techniques including new case studies, exercises, and games, and access to both Rita’s Process Chart™ and the new Rita’s Agile Process Chart™. The class also includes exam simulation with a personalized assessment and a post-class study plan.

Our rich classroom experience is led by PMP-certified instructors focused on teaching practical techniques and test-taking strategies.  With proven training techniques, students gain the knowledge needed in a supportive learning environment to pass the exam on the first try.

Key aspects of our class remain the same. First, Rita’s learning method, which maximizes retention – not memorization. Second, we continue to present complex material in a straightforward approachable manner. Finally, our approach allows you to apply your learning to projects, long after exam.

Keep Up on PMP Exam Updates

It’s important to know how the PMP exam in evolving.

RMC is there to help keep you informed. That’s why we offer our free webinar,  Take the PMP Exam: What You Need to Know.  It’s intended to help stay up-to-date on the PMP exam and help you get your questions answered.

Sources:

https://rmcls.com/wp-content/uploads/2023/01/pmp-examination-content-outline.pdf

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Posted on

PMP® Exam Online Training Options

African American woman using computer for PMP exam online training

[et_pb_section fb_built=”1″ _builder_version=”3.22″ da_disable_devices=”off|off|off” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.9.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ sticky_enabled=”0″]

Rita Mulcahy’s PMP® Exam Online Training and Preparation

Preparing for the Project Management Professional (PMP) certification exam can be time consuming and stressful, especially when you’re already busy with work and day-to-day life.  It may be impossible to carve out several days from your schedule to study using a more structured PMP exam online training prep course. And honestly, you may simply prefer to learn at your own pace, as time permits. Unlike our live, virtual PMP certification training online courses, you won’t need to attend classes at specific times. Instead, you can study whenever you want, so you have ultimate control.

When you make the decision to take the PMP, Rita Mulcahy’s study materials have helped people successfully pass the exam for over 30 years. We have options that offer flexibility to study for the PMP exam without sacrificing rigor.  PMP online training options that allow for self-paced study from home may be an optimal way for you to learn and retain new information, under less pressure. That’s why we offer cloud-based subscriptions designed to teach you what it takes to pass PMI’s PMP exam on your first try.

So, what exactly is a cloud-subscription and what digital self-study options does RMC offer? Let’s take a closer look.

PMP Exam Online Cloud Subscriptions

If you’ve thought about enrolling in a PMP course, but you’d prefer to move through the material on your own, taking as much or as little time as you need, RMC’s cloud subscription products are a good option for you. Our PMP online training gives you secure web browser access to study using flexible time-based subscriptions.  Purchase only what you need for the time frame you plan to study.  You can choose from a 12-month or 6-month cloud subscriptions to fully prepare for the PMP exam. RMC’s cloud subscription gives you 24/7 access via desk top, lap top or tablet.

Rita’s PMP Exam Prep Online Cloud Subscription Book

The PMP Exam Prep online training using RMC’s Cloud Subscription gives you the online version of Rita Mulcahy’s™ PMP® Exam Prep book designed for passing the PMP exam. This unique Course in a Book is one of the only PMP prep books on the market.  The book ensures you will optimize study time to pass the PMP. The material has been fully updated, and you can study the same content that’s in the paperback version with the added convenience of an online format.  The book also includes:

  • Hundreds of sample questions, thought-provoking exercises and exclusive time-saving tips to help you pass the PMP exam on your first try.
  • Tricks of the Trade® for passing the exam that help you identify gaps in your knowledge, so you can focus on what you need to know in order to become certified.
  • Accelerated learning methods teach you valuable skills and practical techniques to help you learn more in less time.
  • Predictive project management, agile and hybrid agile content.

PMP Exam Prep Online Exam Simulator

Why be surprised when you take the actual PMP exam? Don’t be! Identify your gaps before the exam finds them for you. Exam simulation is a perfect PMP online training tool that allows you to test your knowledge and get comfortable answering realistic exam questions. Practice using randomized and full time-based exams.

A true simulator lets you experience as closely as possible what it’s like to take the real PMP exam.  RMC offers access to multiple, completely randomized 180-question timed-tests as on the exam.  You can also select study modes to take focused exams by Domain, Process Group, Knowledge Area or Keyword. If you haven’t experienced exam simulation, now is the time to give it a try using our free demo.  FASTrack simulator also includes:

  • Robust reports that help you focus study on weak areas.
  • Ability to you start study on one device and continue on another.
  • A test environment with the features and capabilities that replicate the PMP® test environment.
  • 2,200+ questions, unlimited 230-minute exams of 180 questions, and explanations for all questions.
  • Plus, questions are all cross-referenced with Rita Mulcahy’s PMP Exam Prep digital book.

PMP Exam Prep Cloud Flashcards

Finally, there’s RMC’s Hot Topics flash cards. Flashcards are a tried and true study option that helps you study and recall the most important concepts and difficult terms on the PMP test. Our flashcards are arranged in a question and answer format by topic area with more than 15 cards per topic. Completely mobile, these flashcards supply over 360 questions and answers to test your knowledge and find your gaps.

PMP Exam Prep System

Another PMP Exam online training option is the PMP Exam Prep System.  The system combines the power of all three products: Rita Mulcahy’s time-tested and proven exam prep book, exam simulator and flashcards in a cloud subscription format.

Start by studying the book thoroughly.  Don’t worry, it’s written to be read like a standard learning text, not a reference manual.

Then, when you’re ready, take a baseline exam in the online exam simulator and focus your study from that point using the detailed exam results.  These results have brief explanations of why you may have answered particular questions incorrectly, plus they are cross-referenced with the online book pages so you can easily find detailed information.  Use the download sheet provided in the exam simulator as a guide to focus your book study on your weak areas and then reinforce the concepts with the Hot Topics flashcards.

After your focused study, take short topic-based or keyword-based tests in the simulator to verify your progress.  When ready, take another full 4-hour, 200 question exam and see how confident you are to sit for the real thing!

If you take this prep approach, you’ll find you have the additional confidence to successfully pass the PMP exam.

Have Questions? Contact Us to Learn More

RMC’s has been helping people prep for the PMP exam since 1991. We designed our online cloud subscriptions to give you the tools and knowledge you need to confidently take the PMP exam. Once you pass the test and get your certification, experience the benefits of the being a certified Project Management Professional! Feel free to contact us anytime for guidance and support.

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Posted on

Should I Take the PMP® Exam in 2020 or Wait Until 2021?

Woman sitting on coach with computer thinking about taking the PMP exam

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]

Taking the PMP® Exam in 2020 or 2021?

As you know, PMI is changing the PMP Exam as of January 2, 2021.  We know you are trying to figure out which option is best for you in the time that remains — or if you have already made your decision — to help shake off any worries you may have on your journey to certification.

Why Take the Current PMP Exam in 2020?

If you have the qualifications to sit for the exam now, why wait?  If you are confident in your preparation, you should leverage your knowledge and take it now.  You can schedule to take the exam online or in person.  However, if you are not ready or struggling to achieve your goal before the exam changes in January, but still want to take the exam before it changes, consider a virtual class with an experienced instructor.

You know the benefits of becoming a PMP.  If you didn’t, you wouldn’t be considering it.  Getting the benefit of being PMP-certified will get you those benefits that much sooner.  Having the PMP now, could help you further demonstrate your value in your current position. It could also help you secure a new job in this uncertain economic climate.

The current PMP Exam is a well-known. Exam parameters, question style, and virtually everything else about the current exam is known and documented. We have it figured out. The current exam content outline has been in place for several years.  We understand the level of difficulty and what it takes to pass.  On the contrary, we are still getting to know the 2021 exam and its level of difficulty.   This uncertainty can increase the areas you’ll need to understand and study.

Although the passing score of the current exam is not published, it is a well-established, consistent figure and it will not change before the end of 2020.

Therefore, if you qualify to sit for the exam, are executing on your study plan and have your education hours, getting your cert in 2020 is still your best option!

Why Take the NEW PMP Exam in 2021?

The PMP Exam is not trivial.  It requires disciplined study and 35 training contact hours.  Don’t try to jam it in this year if you don’t have the time or you need to take additional classes to get your contact hours.

If you don’t have the required experience hours for your application right now, you should probably plan for the new exam.  Get the new book and start studying now!  You can learn new skills and become a better project manager to impact your work today.

If you are experienced in Agile or Hybrid, it will help with 50% of exam questions in the new 2021 exam.  Remember, study will still be required — particularly if you don’t have plan-driven project experience which remains a significant part of the PMP exam.

You may have more options to take the exam in a testing center in 2021.  We suspect pandemic conditions will improve in 2021, allowing for more testing center options to open.  Also, many testers find the online proctored exam environment is much more restrictive than in-person testing centers.

What is My Best Option Right Now?

The best plan for most of us right now is to try to get the exam in and get certified in 2020.  Either way, you need time to study.  Be sure to honestly assess your time available to study and your overall readiness.

No matter which choice you make, RMC can help.

RMC’s Exam Support and Guidance

If you choose to take the 2020 exam, and you are using our 9th Edition products or eLearning,  that’s great; however if, for some reason, you find you can’t take the exam in 2020,  we offer free or discounted upgrades to 10th Edition products for the new 2021 PMP exam.  For students in our 9th Edition instructor-led courses, who fail the exam in 2020, you qualify for our class guarantee (subject to guarantee provisions).

Want to speak with someone directly?  Our customer service staff can help advise you. Please contact RMC at 952-846-4484 or info@rmcls.com with any questions.  You can also register for one of our PMP Exam free monthly webinars.

Sources: https://www.pmi.org/certifications/types/project-management-pmp

 

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Posted on

Taking the PMP® Exam Online Versus Test In Person

Close up of student's hands working at the computer to choose to take the PMP online or in person

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]

Taking the PMP® Exam Online or In Person

You’ve made the decision to take the PMP exam. Now you need to consider whether to take the test online or in person. Understanding the pros and the cons of each option will help you select which is best for you. You can always find the latest on the PMP exam here. As you consider your course of action, let’s start by describing what it looks like to take the PMP exam online.

What Does Online Proctoring Really Mean?

Taking the test online is a relatively new option. You should become familiar with how an online exam is executed. To take the PMP exam online, you need a quiet, private space. You should plan on having NO interruptions from colleagues, family, or pets.

No one is allowed in the room while you are taking your online test. The proctor will invalidate your exam if you are moving around or there is a lot of noise during the test. Make sure you have a strong internet connection and use a reliable and fully charged laptop or desktop computer.

During the online check-in process, your proctor will verify your identity using a current government issued ID. You will be asked to take four photos of your work area to make sure your space is in compliance. You can check-in up to 30 minutes before the exam is scheduled to get settled in.

Compliance means no materials, books, notepads, pencils, pens or other writing instruments nearby. Other electronic devices such as phones and watches (including smartwatches) must be removed and shut off. You can expect the PMP test to last for four hours. Find a space where you will be comfortable. Remember, you cannot eat, drink, smoke, or chew gum during the exam. Plan accordingly.

What are Some the of the Online Test Features?

During the exam, you will have access to some online features. You may have the option during the exam to use ONVUE’s built- in digital whiteboard for note taking. Since you are not allowed to use physical scratch paper for note boards, you can use the white board for those purposes. You are able to practice using the online white board anytime. You’ll also have access to an on-screen calculator.

Choosing the Online PMP Exam

Taking the PMP exam online is a relatively new option. It is convenient to take your test from home, but it requires a preparation, no interruptions and a strong, reliable internet connection.

Let’s look at the Online Exam PROS:

  • Avoid the risks of COVID 19. If you are worried or are high risk, this is an important health consideration.
  • Flexible times and days of the week – 24/7. This gives you more test date options, domestically and internationally, than in person.
  • Test sooner. More dates are available online compared to in person. You are also less likely to experience date and venue changes.
  • No travel During COVID, limited test center availability could mean you have to drive farther away to take your exam.
  • Test in the comfort and familiarity of your home.

Online Exam CONS:

  • Potential inability to have a quiet space free of interruptions. This may create an added level of test anxiety.
  • Risk of not being compliant. Your movements are limited. You cannot talk, even to read a question out loud.
  • Issues with technology and connectivity.  Make sure you are familiar with the system requirements,  perform a system test and a strong internet connection.
  • Delays in proctor communication online.

Why Consider the Taking the PMP In Person

The PMP test has been offered in person for decades. The process of in-person testing is known and the experience is well-documented. However, in our current environment, it can be challenging to find an in person center to sit for your exam at the time you want.

In Person PROS:

  • Known rules, environment and protocols clearly laid out by the in person test center.
  • Test centers are available around the world.
  • Ability to provide accommodations. PMI regularly handles requests for PMP test accommodations. Contact the program directly to determine your next steps.
  • Ability to use center-provided writing materials, including an erasable note board.
  • You get a 10-minute break, same as the online test, after you complete and submit Part 1 of the exam. You can also take unscheduled bathroom breaks.

In Person CONS:

  • Extended wait time to schedule your test due to lack of availability. It may take more time to find a date that works for you. We recommend you check the Pearson Vue website daily, or several times per day, to see if new dates and times open up.
  • When scheduling the test, only a few in-person locations show in the search results. The test center uses distance to display information. Consider expanding your search to a wider radius from home, to find more in-person centers.
  • Cancellation uncertainty. There is the potential that your test date could get canceled or moved because of the COVID 19 environment.
  • In person testing requires you to wear a mask the entire time, including during the test.
  • Potential exposure to COVID 19. Test centers have detailed information on their procedures.

Can I Change my PMP Exam from Online to a In Person?

You can change your test option even after you have registered to take the PMP test. To change your PMP exam from online to in person, you need to cancel your online appointment. You will receive a refund for the class. You must pay for and schedule a new exam. The same is true if you change your test from in person to online.

When changing your online class to in person, you may not find the same date you originally schedule. Dates and locations may also be limited. A word of caution: Don’t cancel your online or in-person appointment until you find a date that is a suitable replacement.

Up Next, It’s About Preparing for the Exam

Once you get your exam date schedule, you can focus on studying for the exam. To prepare for the PMP® exam, check out RMC’s training options for self-study, instructor-led virtual training, classroom training and eLearning courses.

RMC provides the most effective and innovative project management training available. we focus on teaching valuable, real-world skills and practical techniques to help you learn more in less time. Good luck!

 

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Posted on

The 2021 PMP Exam

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ da_disable_devices=”off|off|off” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.9.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ sticky_enabled=”0″]

PMP Exam Change 2021

PMI® will launch the new PMP exam on January 2, 2021. We have been working diligently to update Rita Mulcahy’s PMP® Exam Prep System and Exam Prep Courses to align with the new exam.

What have we done? RMC has analyzed the 2020 Exam Content Outline, attended seminars, engaged with leaders in the project management field.  Using this research, we have made vital updates to Rita Mulcahy’s PMP® Exam Prep System and Exam Prep Courses.  You can always keep up-to-date on exam changes here.

You Can Pass the PMP Exam — RMC has You Covered

RMC provides the most effective and innovative project management training available. Using Accelerated Learning Theory, we focus on teaching valuable, real-world skills and practical techniques to help our students learn more in less time. Rita Mulcahy started RMC with the modest idea of helping people pass the PMP exam. Her best-selling book, PMP® Exam Prep, set an industry standard for training material. After over 30 years, RMC is now the most respected name in PMP exam preparation.

How Did the PMP Exam Change?

A significant difference for the new PMP exam is a change from five performance domains to just three. The new domains will include People, making up 42% of questions, Process with 50% of questions, and Business Environment at 8% of questions. It’s also worth noting that PMI has indicated about half the exam will represent predictive project management approaches with the other half covering agile or hybrid approaches.

To give you some background, the content outline and exam are based on a role-delineation study of project managers and project management work that is performed by PMI about every 4 years. Through this study, PMI gathers and analyzes data describing the role and work of project managers in the workplace. PMI then creates the Examination Content Outline, which provides the underpinnings of the certification exam based on these results. It includes the percentage of questions by domain, the tasks of the project manager by domain, and the knowledge and skills associated with the project manager’s work. This is designed to keep the PMP exam consistent with the current roles and responsibilities of project managers in the workplace.

If you want further information, attend one of our free webinars on Taking the PMP Exam: What You Need to Know.   If you cannot make any of the sessions, you can listen to a recording of a previous webinar.

How Can You Prepare for—and Pass—the PMP Exam? 

We expect PMP exam changes on January 2, 2021 to be VERY significant and RMC has been working hard to give you the best materials possible. We have updated every part of our system to align with the new Examination Content Outline from PMI.

Project managers meeting the PMP exam qualifications can start preparing for the new exam now!  Our PMP Exam Prep book and PMP Exam Prep System for the 2021 exams are available for pre-order.  We recommend using Rita’s Way™ to complete your study. You can find all our PMP test preparation materials on our website or call RMC’s customer service at 952-846-4484.

PMP Exam Prep Book, 10th Edition

Our tenth edition has exam tips, practice exams, exercises, and valuable content that will help you pass the PMP exam on your first try. We have added content to align with the new domains of People, Process, and Business Environment from the Examination Content Outline, as well as agile content pertinent to passing the new exam. The tenth edition of the PMP® Exam Prep book is now available.  English; Spanish and Portuguese (Brazil) translation availability is expected in the first quarter of 2021). The new book is aligned with the new Examination Content Outline, as well as the Project Management Body of Knowledge (Sixth Edition)(PMBOK® Guide).

Hot Topics Flashcards for the PMP® Exam

As a complement to the book, our popular Hot Topics flashcards for the PMP® Exam have been updated to cover agile concepts. Completely mobile, these flashcards supply over 350 + questions and answers to test your knowledge and find your gaps. Our new Hot Topics flashcards (in English) is now available. The Spanish and Portuguese (Brazil) translation availability is expected in the first quarter of 2021. Pricing, formats, and discounts are still being determined.

PM FASTrack® Cloud Exam Simulator

The PMP® Exam is changing significantly requiring significant changes to our exam simulator. We have added hundreds more questions on both agile and predictive project management. Some of the questions are in a drag-and-drop format as will be found on the new exam. The power of using our book along with our robust exam simulation software cannot be underestimated.

We provide valuable exam tips throughout our book as well as a section on what to expect on the exam. Our exam simulator is more than thought-provoking questions; it is a true simulator where you get to experience as closely as possible what it’s like to take the real exam. Our new exam prep simulator (in English) is now available.

PMP® Exam Prep eLearning Course

RMC’s PMP Exam Prep eLearning Course is perfect for the visual learner. We are making the necessary updates to incorporate agile content and information based on the Examination Content Outline domains. With interactive, engaging exercises and quizzes, the PMP® Exam eLearning course makes preparing for the exam fun. Hours of lively audio, valuable information, interactions, and quizzes make this an RMC best-seller! Plus, integrated into the course are our PMP® Exam Prep, Tenth Edition book, Hot Topics flashcards, and the updated FASTrack exam simulator.

The new PMP® Exam Prep eLearning course is expected to be released in January 2021.

Virtual Classes with Top Instructors

Many of RMC’s instructors have been personally trained by Rita Mulcahy. All our courses use Rita’s Accelerated Learning Theory, so you don’t have to spend your time memorizing a lot of material. Nowhere else will you find the passion to help you succeed. Our instructors want to help you pass the PMP exam AND become a better project manager. With decades of knowledge behind us, RMC provides the optimal learning experience. Plus, you can take our classes virtually! More information on our Live Virtual Classes for the New 2021 exam will be added to our schedule soon.

Need our Support? Don’t Hesitate to Contact Us

If you purchased 9th Edition PMP Exam Prep products from us or have attended an RMC class based on the 9th Edition products and fail to get your PMP® certification before the exam change for any reason, we will support you and offer free or discounted upgrades to the newest products designed for the 2021 exam update (subject to provisions).

Sources:

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Posted on

All New PMP Exam Prep Audiobook-11th Edition

Cover image of the PMP Exam Prep Audiobook 11th edition[et_pb_section fb_built=”1″ _builder_version=”4.22.1″ _module_preset=”default” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

RMC Learning Solutions is pleased to announce the release of its new PMP Exam Prep Audio Book.   This new book complements our best-selling “PMP Exam Prep Book – 11th Edition,” and joins the PMP Exam Prep system which includes our Fastrack Exam Simulation Software and our Hot Topics flash card product.

The Need for the PMP Exam Prep Audiobook

In January 2020 the Project Management Institute (PMI) dramatically changed the way it looked at project management and the Project Management Professional (PMP) exam.  Previously, PMI focused on process oriented planned project management.  Competency in other project management techniques such as adaptive project management were tested through other certifications – the Agile Certified Practitioner exam (ACP) and the Disciplined Agile exams.  Up to 2020, while incorporating some aspects of these adaptive practices, the PMP remained primarily focused on planned project management as reflected in the Sixth Edition of PMI’s Body of Knowledge (PMBOK Guide).

 

PMP Exam Changes

In 2020, the PMP underwent significant changes.  Knowledge Areas were replaced by Domains.  PMI’s new Exam Content Outline (ECO) for the PMP tested people on their knowledge of three domains – People, Processes and Business Environment.  PMI continues make improvements to the PMP.

These changes to the exam required a dramatic alteration in the way we trained students to pass the PMP exam, resulting in the 11th Edition of our PMP Exam Prep book.

To complement the new 11th Edition of our book, we have incorporated many of the benefits of audiobooks. Our abridged audio version is designed to assist audio learners to absorb the material necessary for them to pass the exam. Like our other audio books, this audio version allows students to listen to book content anywhere they would listen to music or any other audiobook – in the car, on the bus, in a train or a plane.  You can also read while you listen allowing you to absorb the material from two different pathways.

Changes to the PMP 11th Edition Audiobook

Like the 11th Edition print and cloud exam prep books, the new 11th edition audio book is completely redesigned.  The book is professionally narrated providing over 18 hours of content. It emulates the written book and is organized around PMI’s latest ECO.  Like the written book, the audio book maximizes retention and avoids memorization.  You learn the material, not merely memorize it to spit it back out lateron the exam.

Also, we don’t waste your time.  The book teaches only what you need to learn to get your PMP Certification with an easy to understand, straight forward approach to the material.  This is not an academic presentation in any way.

Discover the PMP Exam Prep Audiobook

RMC’s PMP Exam Prep products are powered by Rita Mulcahy’s 30 + years of global prep training.  Find out more about the PMP Exam Prep Audiobook. We also offer PMP training classes, live and online.

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Posted on

Scope Management for Agile, Hybrid or Predictive

Project manager on laptop working on project scope management

Managing the scope of a project and making sure it stays on track can be challenging. As a project leader, it can be tough to adjust the way you manage scope based on development approach. Scope management is important because it ensures that the project meets its objectives and delivers value to the organization.

In this post, we’ll explore ways to document project scope and how to use various tools will help you define it. We’ll also learn how to customize these tools to fit your project.

Table of Contents

  1. Scope Management and Business Case
  2. Agile Elevator Statements in Scope Management
  3. Scope Definition Tools & Techniques
  4. Benefits Management Plan and Scope Management
  5. Why Tailoring Scope Is Important

Scope Management and Business Case

A popular way to evaluate a project is to create a business case.  This document justifies the project need typically through economic analysis including cost-benefit analysis and payback period and includes a high-level overview of its objectives, expected benefits, costs, risks, and feasibility. The document provides context and the rationale for the project and is typically done at the time the organization is identifying the need for the project.

The business case can influence scope definition by highlighting the project’s strategic goals, financial investment required, source of project funding and expected outcomes. It can also provide insights into the scope boundaries and the overall direction of the project. It also helps stakeholders understand the project purpose and potential value.

Regardless of the project management development approach used, the business case serves as a valuable reference point throughout the project lifecycle. It helps in maintaining alignment with the project’s strategic objectives, ensuring that the project scope remains focused on delivering the intended business value.

Agile Elevator Statements and Scope Management

Another way to provide a clear scope vision of a project is an elevator statement or agile delivery statement. This statement presents a short, concise description of the project using the following template:

For:     Target customer

Who: Need (the opportunity or problem)

The:    Product/ service or name

Is a:     Product category

That:   Key benefits/reason to buy

Unlike: Primary competitive analysis

We:     Primary differentiation

This tool can be used by you or members of the team to quickly convey the purpose of your project and its value.

Both the business case and the Agile elevator statement are crucial in their respective contexts.  The business case provides a comprehensive justification for the project, while the agile elevator statement offers a succinct and compelling vision.  These documents serve as valuable references throughout the project lifecycle, guiding decision-making, communication efforts and scope management. Now let’s take a closer look at some tools to define scope and how to use them.

Scope Definition Tools and Techniques

There are several tools and techniques that can be used for scope definition in project management. The choice of tools depends on the nature of the project, the complexity of the scope, and the preferences of the project team. Here are some commonly used scope definition tools and tips on tailoring them to suit your project:

Project Scope Statement:

The process of delivering a detailed description of the project and product.  It includes:

  • Product scope
  • Project scope
  • List of project deliverables
  • Acceptance of criteria
  • What is not part of the project
  • Assumptions and constraints

The project scope statement is commonly used on predictive projects. In an Agile project, the concept of a project scope statement is still applicable, although it is adapted to provide a flexible and evolving outline of the project’s objectives, deliverables, and major features. It acts as a reference document that captures the initial scope and guides iterative planning, allowing for continuous refinement of the scope based on feedback and changing requirements throughout the project.

Regardless of the development approach, a project scope statement helps the project manager and the team better understand the project, actively involve stakeholders, and make sure their deliverables meet acceptance or satisfaction criteria.

Work Breakdown Structure (WBS):

A WBS is a hierarchical decomposition of the project’s deliverables into smaller, manageable deliverables know as work packages. It provides a visual representation of the project and product scope and helps in organizing and understanding the project’s components.

To modify the WBS, consider the level of detail needed for your project. You can break down the project into life cycle phases, deliverables, sub-deliverables, to deliverables of a size for clarity of planning, depending on the project size and complexity. In agile, the story map is the decomposition of deliverables for planning. You can break down the project into epics, features, and user stories.

Mind Mapping:

A visual technique that helps in brainstorming and organizing ideas. Start with a central concept, such as the project goal, and branch out to capture related ideas, deliverables, and requirements.

Mind mapping encourages creativity and collaboration, allowing team members to contribute to the scope definition process. Tailor the mind map by customizing the branches and levels based on the specific project requirements.

Prototyping:

This tool involves creating a preliminary model or representation of the project’s end product or service. It helps in clarifying requirements, identifying potential issues, and visualizing the scope.

Modify the prototyping approach by choosing the appropriate level of detail and accuracy (e.g., fidelity) when creating something. It’s about finding the balance between providing enough information to convey meaning without going into too much detail. Low-fidelity prototypes can be quick sketches or mock-ups, while high-fidelity prototypes may involve interactive digital models or functional prototypes.

Interviews and Workshops:

Conducting interviews and workshops with stakeholders and subject matter experts is an effective way to gather requirements and define the project scope.

Adapt the approach by planning and structuring the sessions based on the desired outcomes. Prepare a list of targeted questions, format for capturing requirements, facilitate discussions, and encourage active participation to ensure all relevant perspectives are captured.

Requirements Documentation:

Creating a requirements document is a systematic approach to scope definition. It involves capturing and documenting all project requirements, including functional, technical, and non-functional aspects.

Tailoring the requirements documentation by using templates or frameworks specific to your industry or project management methodology. Structure the document based on the priority, dependencies, and criticality of the requirements.

Benefits Management Plan and Scope Management

The benefits management plan is another tool to understand and deliver the appropriate scope. It is a document that focuses on identifying, measuring, tracking, and realizing the expected benefits of the project. It is usually developed in parallel or after the business case, it helps form the project objectives and scope.

This is a tool that can be applied in various project management approaches, including both agile and predictive methodologies. Its purpose remains consistent, which is to manage and maximize the value and benefits derived from the project’s outcomes as well as how the project outcomes will be maintained and sustained within the organization or by the client.

It is also important in establishing the organizational change requirements and deliverables and planning for the benefits to be fully realized after the project. The specific implementation and techniques used within the plan may vary based on the project management development approach chosen.

Today, more than ever, organizational leaders expect project managers, program managers, portfolio managers and business analyst to balance the project benefits and costs to ensure the organization is getting a value and that benefits expected are realized.

Why Tailoring Scope Is Important

The idea that one size fits all isn’t effective. We can’t just have one approach to any of our tools, techniques, and processes. That’s because the size of the project, its importance, its relevance, and the interconnection with the work in the organization requires us to adapt.

Modifying scope allows for the customization and adjustment of project objectives, deliverables, and requirements to fit the specific needs of a project. It involves making conscious decisions about what should be included or excluded from the project scope based on factors such as project goals, resources, timeline, and stakeholder expectations.

Other benefits include enhanced stakeholder satisfaction and an increased likelihood of meeting their specific requirements. This allows for better risk management and increases the chances of successfully delivering the essential elements of the project.

Learn More About Scope Management

The first step in scope management is to create a big-picture vision, business case and charter of your project. This means getting an overall understanding of what needs to be done. Then, you can adjust the level of detail, methods, and strategies to find the perfect balance between what is wanted and delivering the realistic benefits and value. You can use tools to define the scope that matches the specific features, goals, and expectations of your project’s stakeholders.

To learn more, listen to our free recorded webinar Tailoring Scope for Agile, Hybrid and Predictive and earn 1 PDU.

Sources:

https://business.adobe.com/blog/basics/business-case

https://rmcls.com/domain-needs-assessment/

https://store.rmcls.com/agile-fundamentals-book  Pages 102-103[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Posted on

5 Strategies to Manage Project Communication  

Small team sitting in a conference room managing project communications.

How you manage project communication is one of, if not the most important aspects of project management. Poor communication has been cited as the biggest problem impacting projects. A great deal of a project manager’s time is spent communicating with management, the team, the customer, and other stakeholders. Proper project management requires a process to define, plan, manage, and control communication which makes it a top skill needed by everyone on projects. 

The project manager is key in establishing and maintaining an environment that allows the project team to communicate, according the PMBOK Guide, Seventh Edition,   Project managers set the tone for success by modeling behaviors such as transparency, respect, and positive disclosure and following a process to manage communications on their projects.  Following are 5 strategies you can use today to manage your project communications. management 

Strategies to Manage Project Communication

  1. Identify & Analyze Stakeholders  
  2. Plan Project Communications  
  3. Send & Receive Information to Manage Project Communication 
  4. Manage Stakeholder Engagement 
  5. Monitor & Control Communication 

Strategy 1: Identify and Analyze Stakeholders  

Start by identifying the people and organizations involved in or impacted by the project or the product being developed.  These individuals or entities can positively or negatively impact outcomes over the course of the project. This step is important to help manage project communication. You can read more about stakeholder identification here 

Project managers must also understand all their stakeholders’ requirements and expectations their level of influence, extent, and length of their involvement, as well communication needs and preferences.  

Managing stakeholder expectations — the belief or mental image of the future — can differ by stakeholder.  That’s why project managers need to talk through all expectations, to make sure that everyone shares the same desired outcomes. This sets the stage for communication planning.  

Strategy 2: Plan Project Communications  

Armed with the information from our stakeholders, it’s time to start planning project communications. Planning is about considering the project’s overall communications approach. It begins by defining what actions deliver the desired outcomes such as: 

  • The right information gets to the appropriate stakeholder, is clear and understandable, and arrives in the appropriate format at the right time. 
  • Communications are measured and analyzed on a regular basis and changed as needed. 
  • Stakeholders understand what communication is expected of them and the communication they receive meets their needs on the project.

There are several benefits to having a communication plan in place including improved stakeholder engagement and a decrease in communication problems, conflict, and rework.  

As a result of planning communications, the project manager should have a document description of the communication needs of the stakeholders and a strategy to meet them. Plan components may include: 

  • What needs to be communicated, why and between whom?
  • What is the preferred method of communication?
  • Who is going to provide what information, the level of frequency and detail?
  • Who has access to what communications, who can impart information, and who can edit?
  • How to tailor communication based upon language and culture?

Once the plan is in place, we can determine how to send and receive information.  

Strategy 3: Send & Receive Information to Manage Project Communication 

The most basic communications only ensure the message has been delivered.  Excellent project communications require a more comprehensive approach that includes the sender, the receiver, and confirmation that the message is correctly understood.  Both the sender and the receiver are responsible for ensuring the message has been properly interpreted and understood.  

Reports, information radiators, and individual communications are the artifacts of project communications.  While these artifacts are updated on a regular basis, it is important to look at how each of these documents are part of and are influencing the project communication plan.  In addition to communication plan updates on project status, issues and issue resolutions, here are some other communication plan artifacts: 

  • Issue status or log
  • Project reports and presentations
  • Updated project records
  • Lessons learned documentation
  • Project document updates
  • Risk and stakeholder registers 

Strategy 4: Manage Stakeholder Engagement 

At this point, stakeholders have been identified and analyzed. You have planned and are using key artifacts that help you communicate with your stakeholders at the right time with the right information. Another strategy to manage project communications has to do with stakeholder engagement.  

The key is to establish and maintain a common understanding of the project, its objectives, constraints and how they all interact to deliver the desired value throughout the project. Each stakeholder’s needs have been planned so when changes are needed, the project manager is able to adjust and maintain high levels of engagement with each stakeholder.  

Strategy 5: Monitor & Control Communication 

While the project manager is effectively communicating on the project, they are at the same time monitoring communication to ensure information is getting to where it is needed, is clear and allows stakeholders to act as necessary. The key to monitoring and controlling our communication is to make sure that that the information being communicated is being understood, and that it’s being understood in the intended way. 

When monitoring and controlling communications, there are several ways to identify and measure compliance to the communication plan.  For example, you can review the data of the project’s status, known as work performance information. Work performance data includes: 

  • Performance
  • Metrics captured in various control processes
  • Changes, risks, and issues
  • Forecasts

Reviewing this information allows you to validate that the team is being productive and achieving the project goals.  Work performance information can be organized into project management plan updates or project document updates, each of which allow you to identify and communicate information that stakeholders need.   

Learn More About How to Manage Project Communication 

If you’re interested in learning how to manage project communications, check out RMC’s eLearning course, Project Communications and Stakeholder Engagement shows you how to manage project communications and engage your stakeholders. You may also be interested in our Leading with Emotional Intelligence and Organizational Awareness eLearning course to elevate your leadership skills.  

Sources: 

https://rmcls.com/communications-management-plan-in-project-management/

https://www.teamgantt.com/blog/why-communication-is-important-in-project-management [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Posted on

How to Study for the PMP Exam: Best Study Tips to Help You Prepare

Woman at her desk preparing to study for the PMP exam.

Are you thinking about taking the PMP exam? Then it’s time to consider how you’ll prepare to pass the exam. The exam can be challenging.  The test lasts about 4 hours and consists of 180 situational style questions. To view some sample questions, see our PMP exam simulation free demo. It’s essential to understand – not memorize – the exam concepts to pass the PMP.

Here we share insights and tips informed by over 30 years of preparing students to pass the PMP on their first try!

How to Study for PMP Exam in 2023

  1. Use the Right PMP Exam Prep Resources
  2. Understand the PMP Exam Content Outline
  3. Know Your Study Style
  4. Determine How Much Time You Have to Prepare
  5. Choose your PMP Exam Prep Materials
  6. Use a PMP Exam Simulator
  7. Focus on Your Knowledge Gaps
  8. Test Again

Tip 1: Use the Right PMP Exam Prep Resources

When considering professional prep resources, look at how long the company has been providing PMP training. Longevity shows a commitment to the growth of the profession and the development of project managers.  RMC has shown this commitment since Rita Mulcahy published the PMP exam prep book in 1998.

Ask other certified project managers what they used to study.  As a professional training company RMC leverages its project management knowledge to develop quality materials that are aligned to the most current topics on the test. As a quality PMP training company, RMC has a proven prep method and a variety of teaching tools that fit your learning preferences.

Beware of free materials available on the internet that claim to help you study; you need to make sure these materials are based on the most current version of PMI® PMP Examination Content Outline (PMP-ECO). These providers may have good intentions, but they probably do not have the project management training expertise or up to date with the current exam information.

Tip 2: Understand the PMP Exam Content Outline

The PMP certification is based on the PMP-ECO.  It covers the content you will need to know for the PMP exam.  It is more important than ever to read and understand the ECO because it covers the domains and introduces adaptive approaches to project management and the PMP exam.

There are many resources that you can use to learn about the topics covered on the PMP exam. The current PMP exam includes content from the PMBOK® Guide 7th edition, Process Groups: A Practice Guide, Agile Practice Guide and more. These resources can aid your exam preparation. However, you shouldn’t have to read these resources cover to cover if your training company has done it for you. RMC’s materials bring together the terminology and concepts from these key resources. We synthesize the information in a way that makes it easier to understand and prepare for the exam.

Tip 3: Know Your Study Style

Begin by asking yourself if you prefer to study on your own or with others?  Do you like to create your own study plan and schedule, or would you prefer a guided approach? Do you learn best reading written materials, listening, and engaging in discussion, or working hands-on using case studies and exercises? Answering these questions will inform your PMP exam study timeline and influence how you choose to prepare.

Tip 4. Determine How Much Time You Have to Prepare

How long you have to study will depend on when you can schedule the PMP exam. If you only have a short period of time, consider an instructor-led class or an on demand, self-paced course.  Both options teach you everything you need to pass the exam. They usually include an exam simulation and other tools to enhance your learning.

Instructor-led courses are typically taught over consecutive days and students are expected to study up to 40 hours after class.  RMC’s Instructor-led classes offers a pass guarantee.   A self-paced eLearning course allows you to study at your own pace.

If you have several months to get ready, an on-demand PMP course or self-study materials are great options.  If you don’t have that much time to get ready, an instructor led course might be a better solution for you.

Tip 5: Choose your PMP Exam Prep Materials

An in-person class or eLearning course, usually includes an exam prep book with purchase. RMC recommends when you read the prep book for the first time you complete all the exercises in each chapter.

After you have read through your PMP exam prep book once or completed your prep course, you consider joining a study group. Working in a small group of no more than 3 to 4 individuals will shorten your study time and make studying more effective. You can find a study group through your local PMI chapter. Facebook and LinkedIn also have ways to connect with study groups.

Finally, consider supplementing your study options with practice tests and flashcards.  We go into further detail later, but as you think about your plan, know that both are invaluable tools that allow you to interact with the exam material in different ways.

Tip 6: Use a PMP Exam Simulator

When you are comfortable with the test material, it’s time to take a full exam simulation using an exam software, like PM FASTrack® Cloud.  Simulated exams allow you to get comfortable with the question types and exam timing.

We recommend using a PMP exam simulator with a large database of questions to experience a variety of question types. This step will provide you with a baseline against which you can track your progress.  You’ll quickly discover what you know and where you need to study more.

Review each question you got wrong in the exam simulation. Write down the specific reason for each wrong answer, creating a list. Assess why the correct choice is correct and why the other answers are wrong. Again, look for trends in your understanding and add problem areas to the list. Refer to the chapters in your prep book to fill in your knowledge gaps and correct any errors.  This is an excellent time to take targeted exam simulations by specific topics to fill your gaps.

Skim the sections or chapters on which you did well to keep those fresh in your mind. If you are using flashcards, remove the concepts you understand so you are singularly focused on your knowledge gaps. RMC’s PMP exam prep flashcards include this filtering option.

Tip 7: Focus on Your Knowledge Gaps

A good PMP exam simulator will analyze your performance and help you identify where you need to concentrate your studies.

As part of your process, build in time to work on your knowledge gaps.

Tip 8: Test Again

Limit yourself to no more than two full PMP exam simulations before you take the actual exam. Don’t fall into the trap of memorizing versus understanding the answers.

If you don’t score over 70 percent the first time you take a full exam simulation, you need to identify your knowledge gaps and study those before taking another simulated exam.   Once you score over 75 percent, you should be ready to take the real exam.  Continue to use your list, flashcards, and other helpful materials to retain what you have learned leading up to the test.

Use These Study Tips to Help You Prepare

It all really boils down to time, resources, support, and practice. Set aside the time required to tackle the topics covered on the PMP exam and use the highest quality resources, such as RMC Exam Prep products.

Lastly, here are some things to consider about meeting the PMP requirements and details about the exam itself. If you have additional questions about the exam, consider attending one of RMC’s free webinars called Taking the PMP Exam: What you need to know.

Good luck!

Sources:

https://www.ais-cpa.com/how-to-increase-pmp-exam-score-and-pass-pmp-exam/

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Posted on

Project Management Professional (PMP) Salary & Highest Paying Jobs

Professional at his computer reading about PMP Salary and Jobs

[et_pb_section fb_built=”1″ _builder_version=”4.9.4″ _module_preset=”default” da_disable_devices=”off|off|off” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.9.4″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.4″ _module_preset=”default”][et_pb_text _builder_version=”4.9.4″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

Project managers have dynamic jobs that allow them to use a variety of skills every day while working with teams of talented individuals. And they have the potential of earning a high salary while doing what they love.

How much does a project manager typically make, what factors can affect their salary, and how much does PMP add to their salary? Continue reading about the PMP salary benefits and get answers to all these questions.

PMP Salary and Highest Paying Jobs

  1. Average Project Manager Salary
  2. How a PMP Certification Affects Your Salary
  3. Does Being a PMP Increase Your Salary?
  4. What Types of Project Managers Make the Most Money?

Average Project Manager Salary

There are several factors that will determine how much money you can make as a project manager. Those include your job’s location and industry, the size of the company that hires you, and your experience, education, and certifications.

To give you an idea of average project manager salaries, we’ve broken down the information for you below:

  • An experienced and highly qualified project manager might earn anywhere from $92,000 to $151,000 annually, on average. Earnings are higher for those who are experienced, and an entry-level salary might be roughly $55,000.
  • program manager might earn an average of around $92,000 to $158,000 annually.
  • portfolio manager might make roughly $91,000 to $170,000 per year, on average.

Keep in mind that, for all these positions, receiving a PMP certification from the Project Management Institute (PMI) is a strategic way to increase your earnings. There are other benefits to getting your PMP certification as well. 

How a PMP Certification Affects Your Salary

Becoming a Project Management Professional (PMP) is a popular route that many project managers take when they want to advance their career.

But is becoming a PMP worth it? For all the time and effort you need to put into preparing for the PMP certification exam, it should be worthwhile, so is it?

For many professionals who want to become qualified for more job openings and a higher salary, the simple answer is a resounding yes!

Does Being a PMP Increase Your Salary?

The median salary for a certified PMP is 32% higher in the United States –  so it’s a smart way to boost your earnings. To illustrate what we mean: while a project manager with PMP certification’s salary might be around $132,000, whereas without this distinction, you might only earn approximately $100,000.

The longer you work as a PMP, the more you’ll be able to earn. For example, if you received your certification only a few years ago, you might only make a little over $100,000, on average. But if you became certified more than a decade ago, you might make upwards of $130,000 annually, on average.

Side note: Is becoming a certified PMP better than getting your master’s in project management? Well, the median income of someone with this degree is around $120,000, so you might be able to earn even more if you become a PMP. Just keep in mind that various other factors will determine your salary as well.

What Types of Project Managers Make the Most Money?

In addition to becoming a PMP, it’s important to keep in mind other ways to increase your earning potential, such as:

Experience: As mentioned above, the more experience you can acquire, the better, because employers will be inclined to pay you more. While someone who has less than three years of experience in this field might make around $83,000 per year, a project manager with a couple decades of experience might be able to make around $135,000 per year, on average.

Industry: It’s also wise to carefully consider the industry you pursue, as this can greatly impact your salary. Some of the industries that pay the highest PMP salary include:

  • Resources – Roughly $135,000, on average
  • Consulting – Roughly $134,000, on average
  • Pharmaceuticals – Roughly $133,000, on average
  • Aerospace – Roughly $122,000 to $130,000, on average
  • IT – Roughly $117,000, on average
  • Healthcare – Roughly $111,000, on average

Budget and Team Size: Another way to boost your earning potential is by becoming skillful enough to manage a bigger budget and lead larger teams. Someone who can manage teams of 10 or more people might make over $120,000, on average. Compare that to someone who only leads a few people and who earns, on average, roughly $107,000.

RMC Can Help You Become a PMP

If you’ve thought about the perks that come with being a Project Management Professional and you’re ready to take the next step in your career, RMC is here to help you reach your goals. Explore RMC’s proven PMP exam prep materials and classes to help you successful study for the PMP.

Sources:

https://blog.capterra.com/top-5-highest-paying-pmp-jobs/

https://medium.com/the-digital-project-manager/how-much-do-project-managers-make-2020-project-manager-salary-guide

https://wwwpayscale.com/research/US/Certification=Project_Management_Professional_(PMP)/Salary

https://www.forbes.com/advisor/education/pmp-certification-salary

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]