Difference Between PMP and PMI

You made the decision to pursue a certification in project management, but you were unable to choose which certification to pursue. You can certify your skills as a project manager and develop in your career by earning a professional certification. This is a wonderful method to enhance your career.

When it comes to credentials, the Project Management Institute (PMI) offers the Project Management Professional (PMP) certification, which is the most generally recognized of all of them.

PMI provides a number of certification programs, the most well-known of which is the Project Management Professional (PMP) certification. There are thousands of Project Management Professionals (PMPs) across the planet.

What is the PMP Certification?

One of the most respected credentials available, the Project Management Institute (PMI) is a professional association for project management practitioners that is recognized all around the world. This credential is extremely valuable since it demonstrates that the individual possesses the knowledge, abilities, and experience necessary to organize and manage projects in an efficient manner.

In order to stand out in the highly competitive sector of project management, it is essential to include this credential on your CV. Employers will be able to see that you have the degree of knowledge necessary to perform the work effectively if you hold the Project Management Professional (PMP) certification.

In conclusion, if you have a Project Management Professional (PMP) certification, you will have more opportunities and be able to earn more money.

How much does a PMP certification cost?

There is a price associated with the Project Management Professional (PMP) exam, just like there is for any other certification exam. If you are a member of the Project Management Institute (PMI), the cost will be $405; if you are not a member, the cost will be $575. Within a year, you will have three opportunities to pass the examination; however, if you need to retake it, you might be required to pay a charge.

What is PMI?

The Project Management Institute (PMI) is a non-profit international organization for project management. A small group of like-minded project management professionals founded this organization in 1969. In 1994, PMI launched the PMP certification exam for project managers looking to validate their ability to understand the new standards of project management.

The PMP credential has skyrocketed in popularity since then, and PMI has become the world’s leading authority in project management. The organization empowers project managers all over the globe to excel in project management best practices.

How much does a PMI membership cost?

You can become a PMI member for a $149 annual fee. Students get a discounted rate of just $32 a year. PMI members can take certification exams and professional development courses at a discounted price.

Difference between PMP and PMI

Nature

PMI is a professional association that offers resources, training, and certifications to project managers worldwide. It’s the world’s leading authority in project management. PMI offers a variety of certifications for project and portfolio managers.

PMP is the most widely recognized professional credential for project managers offered by PMI. A PMP credential on your resume can result in greater opportunities and increased income potential.

Scope

PMI offers a multitude of certifications for project and portfolio managers. These certifications cater to different project management levels and specializations, such as:

• PMI Agile Certified Practitioner (PMI-ACP)
• Program Management Professional (PgMP)
• PMI Risk Management Professional (PMI-RMP)
• PMI Professional in Business Analysis (PMI-PBA)

The PMP is the most widely recognized project management certification in the world. It focuses on general project management knowledge and skills. This credential is for individuals who are leading and directing a project team.

Fees

To become a PMI member, you need to pay a membership fee of $149 a year. The membership comes with benefits like access to resources, discounts on certifications and events, and networking opportunities. If you’re a student, you just have to pay a $32 annual fee for PMI membership.

The PMP will cost you $405 if you’re a PMI member and $575 if you’re not a member. You’ll get three attempts to pass the exam within a year, but you may have to pay a fee for reexamination.

Requirements

Each PMI credential has specific requirements in terms of education and expertise. PMI’s advanced certifications require more experience. For education, the entry-level PMI Project Management Ready program needs no prior qualifications, while others just ask for a high school diploma.

The PMP certification has specific eligibility requirements, such as:

• A high school diploma
• 35 hours of project management education
• 60 months of experience with no formal education requirement

PMP vs. PMI: Comparison Chart

Summary

To sum it all up, PMI is the organization that offers the PMP certification, along with several other certification programs. It’s the world’s leading authority in project management. PMP is the most widely recognized professional credential for project managers offered by PMI. It’s a valuable credential for those seeking to advance their careers in project management.

FAQs

Is PMI better than PMP?

PMP is a certification for project managers offered by PMI, a not-for-profit international organization for project management.

Which one is better, PMP or PMI-ACP?

PMP covers various project management methodologies like traditional and agile. PMI-ACP certification is specific to agile project management and is suitable for individuals working in agile environments.

Do you need to be a PMI member for PMP?

You do not have to be a member of the PMI to take the PMP certification. However, the membership does offer discounts on the exam.

What is the meaning of PMP and PMI?

PMP stands for Project Management Professional, and PMI stands for Project Management Institute.

Is PMP outdated?

PMP remains a globally recognized and valued credential for project managers.

Is PMI worth getting?

A PMI certification can add value to your resume and may result in greater opportunities. You can demand higher salaries in specific industries. 

How hard is the PMP exam?

The PMP exam requires thorough preparation and knowledge of PMI’s guidelines and best practices.

Why not to get PMP certification?

You need not take a PMP certification if you’re not interested in project management.

How much does it cost to get PMP certification?

The PMP will cost you $405 if you’re a PMI member and $575 if you’re not a member.

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