If you work in project management, you should know how valuable your skills are and, more importantly, how much more valuable they’re becoming.
That said, while companies all over the world need talented project managers, how do you ensure your resume will stand out from the countless other candidates?
Our Certified Associate in Project Management (CAPM) course is designed to do just that.
It’s for anyone who wants to manage large projects, take on more responsibility, and/or implement new project management skills to their current role.
Whether you want to provide greater value to your current employer, make your resume more attractive to another company, or both, passing the CAPM Pilot exam will prove you’re more than capable.
Proven Project Managers Are in Demand
Job prospects for experienced project managers are on the rise. In a moment, we’ll look at why, but let’s start by reviewing the findings from our most recent Job Growth and Talent Gap report.
Here was the conclusion:
“Across the globe, there’s a widening gap between employers’ need for skilled project management workers and the availability of professionals to fill those roles.”
We first noticed this trend back in 2008. It has grown significantly since then and even outpaced the projections we made the second time in 2012.
By 2027, there’s ample evidence to support the idea that companies will need 87.7 million employees working in project-management-related roles.
This is an extremely imminent threat to organizations across the 11 countries we looked at for this report:
- Saudi Arabia
- The U.S.
- The United Arab Emirates
- The United Kingdom
The talent gap we identified could cost them as much as $207.9 billion if they don’t have the workers they need by 2027.
Obviously, these are all countries that are either recognized economic superpowers or are developing into them.
The six sectors that will need these workers the most in these countries, including their projected job openings, are:
- Manufacturing and Construction (9.7 million)
- Information Services and Publishing (5.5 million)
- Finance and Insurance (4.6 million)
- Management and Professional Services (1.7 million)
- Utilities (279,000)
- Oil and Gas (49,000)
We anticipate an average of 33% for project-related job growth between 2017 and 2027 for the aforementioned 11 countries.
The Current State of Project Management
Yet, as we found with our 2015 Pulse of the Profession® report, most companies are struggling when it comes to managing their projects.
First, let’s look at what they’re doing well, though.
We know that organizations that utilize standardized practices enjoy better results.
71% of high-performing organizations are also more likely to establish formal processes for maturing existing project management practices. Compare that to just 31% of low-performing companies. Out of our report’s many findings, that one featured the largest discrepancy.
In short, project management capabilities make a big, measurable difference between organizations.
Companies are aware of this, of course. In our report, we found that more than two-thirds of companies have a Project Management Office (PMO). Expect that number to continue growing in the years to come.
In fact, at the conclusion of that study, we discovered that 66% of the companies surveyed had department, regional, or divisional-specific PMOs, not just one, enterprise-wide office. Along with plenty of other evidence, this finding suggests that organizations are aware how important project management is to their futures.
How Companies Struggle with Projects
Now, let’s look at some statistics from our 2017 Pulse of the Profession® that show where companies are struggling. These are absolutely staggering.
Here’s the breakdown when we asked, “In your estimation, what percentage of the projects completed within your organization in the past 12 months…”
- Successfully met the original goals and business intent of the projects? 69%
- Included project sponsors who were actively supportive of the project? 62%
- Finished within their initial budgets? 57%
- Finished within their initially scheduled times? 51%
- Experienced scope creep or uncontrolled changes to the project’s scope? 49%
- Lost its project budget upon failure? 32%
- Were deemed failures? 14%
Keep in mind that these statistics only reflect the projects that were completed. While 15% were failures, many people would say the same for any project that went past deadline, went over budget, strayed from its original scope, or flat-out missed its original goals.
Finally, when a company’s projects failed, here were the most common reasons they reported:
- A change in the organization’s priorities (41%)
- Inaccurate requirement gathering (39%)
- Change in project objectives (36%)
- Inadequate vision or goal for the project (30%)
- Inadequate/poor communication (30%)
As you can see, most projects failed for multiple reasons. If you can prove to companies that you have the knowledge required to avoid these issues, you’ll never have a hard time finding employment.
Here’s how these companies reported they were treating the following priorities:
- Development of talent with the necessary technical skills for the management of projects: 14% say very high; 29% say somewhat high
- Development of talent with the necessary leadership skills for the management of projects: 12% say very high; 29% say somewhat high
- Development of talent with the necessary business skills for the management of projects: 11% say very high; 26% say somewhat high
- Creating a culture that values project management: 12% say very high; 25% say somewhat high
Again, prove you’re the solution and countless doors will open for you across industries and all around the world. The majority of those companies we surveyed reported total annual revenues of more than $1 billion.
The Certified Associate in Project Management (CAPM) Pilot Exam
We are very proud to offer training for the CAPM Pilot Exam as we know this credential helps project managers distinguish themselves from others in the job market and, most importantly, confirms they have the skills and abilities so many companies are looking for these days.
As you just saw, there is a massive market for people who can help companies improve their project success rate and various metrics related to those projects. If you have the drive to manage bigger projects, take on more responsibility, and integrate project management skills into your current position, the Certified Associate in Project Management pilot exam is an excellent opportunity.
Before you begin your training to earn these skills, though, here are the important features of the exam that you should know about beforehand.
Prerequisites for Taking the CAPM Pilot Exam
The CAPM credential exam is open to anyone with a secondary degree and 1,500 hours of experience working on projects.
Alternatively, it’s open to anyone with 23 hours of project management education, so long as it’s been completed before the exam takes place.
Taking the CAPM Exam and Maintaining Your Credentials
The CAPM exam has 150 multiple-choice questions. You will have three hours to complete it.
In order to maintain your CAPM credentials, you will have to retake the exam once every five years.
The Cost of the CAPM Pilot Exam
The price for the CAPM pilot exam is $225 for members. Nonmembers will need to pay $300.
The CAPM Pilot Exam
PMI has made some changes to this year’s CAPM Exam.
Therefore, if you sign up to take yours between March 12th and May 20, 2018, you’ll receive up to $210 off.
That’s not all, though.
PMI’s new CAPM exam will cover the latest project management skills, as outlined by the PMBOK® Guide – Sixth Edition. This includes a new chapter that covers the role of the project manager. The 2018 exam will you on the experience, skills, and competencies of an effective project leader across four different learning objectives.
Two knowledge areas have been renamed:
- Time Management is now Schedule Management
- Human Resource Management is now Resource Management
Every knowledge area will now also include four sections:
- Considerations for Agile and Adaptive Environments
- Key Concepts
- Tailoring Considerations
- Trends and Emerging Practices
Make sure you’re using the new edition to study for the exam as the test that covers the fifth edition will no longer be available after March 26th, 2018. Furthermore, there will be no “grandfathering” people into the sixth edition who originally for the fifth and failed it. After the transition has been made, those people will need to sign up and pay for the sixth edition.
If you failed the exam that covers the fifth edition and sign up for the sixth, be sure to study the new text as the aforementioned updates are significant. The knowledge you acquired from the fifth edition will no longer be relevant.
Your Two Options for Taking the CAPM Pilot Exam
Once you have signed up for your CAPM Pilot Exam, you will have two options for taking it.
The first is to take it in-person at an approved Pearson VUE testing center.
The other is to take it online. Even though you’ll be by yourself, there is a proctoring protocol in place to protect the legitimacy of the results.
Take Your Project Management Career to the Next Level in 2018
Are you ready to provide more value and earn more in return as a project manager?
If so, begin your CAPM training right away so you’ll be prepared to pass the exam and prove that you have what it takes to reach the top of your field.
Yada is not just the leader of the Project Management Training Institute (PMTI). He helped to write significant portions of the project management standards worldwide. He is helping PMI right now in reviewing, directing, and leading the development of the 7th edition of the PMBOK(r) Guide to incorporate the most monumental changes to project management standards in 35 years. He shares his wisdom with readers via the PMTI blog.