Yad Senapathy, PMP March 21, 2023
CAPM and PMP are two of the qualifications offered by a professional project management body named PMI or Project Management Institute. CAPM stands for Certified Associate in Project Management. It is a certification program designed to prepare newcomers for careers in project management. PMP, on the contrary, is denoted as a Project management Professional, a credential for project managers who have gone through a number of years working in the same field. The CAPM is suitable for novice project managers whereas, the PMP, is appropriate for Project managers who have at least three years of experience.
The needed specifications to acquire a CAPM certificate include a 23-hours spent managing project coursework on top of secondary education. On the contrary, the requirements for a PMP certification include 36 months of project management employment while possessing a four-year degree, or 60 months with a secondary degree, and 35 hours of training in project management. The latter is allowed to be replaced with CAPM for specific situations. Additionally, there are specific amounts that must be paid in order to acquire such certificates, on top of these requirements.
The payment for taking these certifications varies from each other, depending on whether the examinees are a member of the PMI or Project Management Institution or not. The total fee for a CAPM certification for PMI members reaches $364, including fees for joining and applying. The assessment alone amounts to $225 for PMI members, while it is charged $300 for non-members. Alternately, the total cost of PMP credentials for PMI members, comprising the application fees for enrollment, amounts to $544. It charges $405 for the exam alone. Non- PMI members who wish to take the PMP assessment are ought to pay $575.PMI members are charged a lower examination fee since they are already paying $139 per annum and an additional paid-once enrollment fee of $10. Examinees who are enrolled in an accredited program that leads to a degree are qualified for the student package, which is quite economical. The payment for the student program goes around $257 in total, including a $32 fee for PMI membership and a $225 fee for the CAPM certification test.
A lot of people have been asking, “what is CAPM certification?” CAPM is an abbreviated word for Certified Associate in Project Management which is among the certifying qualifications delivered by PMI or the Project Management Institute. The CAPM is crafted for individuals who want to obtain a thorough understanding of how to handle projects. It is usually taken up by aspirants with no previous related employment who are going to handle upcoming occupations in project administration. It functions as a springboard for individuals who are currently firing up in their project management careers. Accordingly, examinees who are successful on the assessment for a CAPM Certification are worthy of taking up higher qualifications, just like project management professional or PMP credentials, for instance.
The CAPM certification is suitable for entry-level project management candidates. It is a type of qualification that involves an assessment to prepare those individuals who are novices in the practice of handling projects. Most of the aspirants for CAPM are not work-ready and need proper coaching in order to handle upcoming occupations in project administration. The PMI or project management institute which hosts such an examination is equipped to discuss what is cap certification as well as its scope.
Listed below are the requirements before applying for a CAPM Certification.
The cost of CAPM certification is determined depending on whether or not the examinees are affiliates of the PMI. The CAPM assessment usually amounts to $225 for PMI affiliates and 300 for non-members. Nevertheless, the total charge for a CAPM credential normally reaches $364 for PMI clients, which accounts for the cost of joining and applying. Affiliates of the PMI or Project Management Institute are assessed with a lesser examination fee, since they already pay $139 annually and a $10 one-time application fee.
The CAPM certification exam has a three-hour time limit in total. The examination is composed of 150 questions pertaining to fundamental practices and ideas for project administration. There are 15 questions that serve as pre-test items and are not counted against the final score. However, candidates are going to encounter the pre-test questions at any time because they are dispersed periodically during the assessment. Therefore, examinees must approach every question as though it is scored.
The salary of a certified CAPM as of July 2022 is $67,000 according to Payscale. A higher average was reported by ZipRecruiter, which indicates that CAPM holders earn an average US income of $91,735. The CAPM salary however varies as impacted by other variables like geography and employment history. CAPM certification is designed for people who are just firing up their careers in project management. Consequently, the wages they receive are expected to be lower than those who possess higher-level qualifications and more sufficient work experience.
Listed below are some of the job profiles that require CAPM certification.
The coverage of the CAPM certification exam normally revolves around the contents of the PMBOK Guide. The abbreviated word PMBOK stands for Project Management Body of Knowledge. It is the complete set of procedures, industry-accepted standards, terminologies, and directives that the project management sector considers to be the norm. The candidates' understanding of project management theory and procedures is tested on the knowledge-based exam for CAPM.
The percentage of how much of each chapter is covered in the examination is broken down as follows; Project Management Overview: 6%, Environmental Impact: 6%, Project manager’s function: 7%, Integrating the project: 9%, Project Range: 9%, Project Timetable: 9%, Project Overhead: 8%, Project Excellence: 7%, Project Asset: 8%, Project Transmission: 10%, Project Threat: 8%, Project Acquisition: 4%, and Project Collaborator: 9%.
Yes, people are viable to take the CAPM certification exam without any prior work encounters. The PMI or Project Management Institute does not necessitate previous employment in project management as it is a foundational credential. Most CAPM aspirants are known to have lesser knowledge and minimal exposure to project administration matters compared to higher PM certificate-bearers. Nevertheless, examinees for CAPM assessment are obliged to possess training or knowledge from the past regarding project administration for at least 23 hours before they are able to take the exam. Having a diploma of an accomplished secondary education is necessary to go through the assessment for the CAPM credential as well.
Yes, people are viable to become project managers after passing the CAPM certification exam. The project manager needs to possess ample knowledge of the procedures and principles of project administration, which is what the CAPM certification proves. Passing such an examination empowers individuals to be equipped with the fundamentals and abilities necessary to succeed in the position. There are some firms that even demand or prefer candidates to have a CAPM certification before being given consideration for a project manager function.
Nevertheless, some employers require aspirants with prior employment in project administration such as handling teams overseeing projects or working in a particular area, consequently acquiring a higher PM qualification or degree is a great advantage to further strengthen one’s credentials and make a more appealing candidate.
Yes, CAPM certification needs renewal. Certified Associate in Project Management or CAPM holders must update their accreditation after three years. However, they need to additionally acquire a PDU or Professional Development Unit along with their CAPM certificate renewal to keep it functional. PDUs are credits for ongoing learnings that exhibit one’s dedication in projecting development in terms of professional management. CAPM bearers are required to obtain 15 PDUs to keep their credentials usable. CAPM-certified individuals are guaranteed to be knowledgeable on the most recent innovations and ideal techniques in project administration by PDUs. It is vital to remember that the CAPM certification normally expires for not renewing it before the deadline, thus requiring CAPM bearers to undergo and succeed in the assessment again. Hence, maintaining track of one's certification expiration date and making preparations to acquire the necessary to avoid deactivation of one's certificate.
PMP is an abbreviated word for Project Management Professional. It is the most requested qualification from the Project Management Institute. PMP is a globally regarded accreditation known as the benchmark for project administration, which equips project managers in handling more complicated and extensive projects.
A lot of project managers ask about “what is PMP certification?” PMP certification is a qualification crafted specifically for experienced project managers who have already invested at least three years in the same field. The majority of aspirants seeking the PMP or Project Manager Professional Certification aim to gain advanced competence in handling projects and land higher-paying job titles by acquiring such a certification.
The PMP certification is appropriate for project managers in the field who already have a minimum of three years of project management experience. It involves an examination that qualifies aspirants to handle bigger projects in the future. The PMP certification is a great avenue for project handlers who want to increase their skill set and job market competitiveness. Nevertheless, there are some specific prerequisites for taking such an exam which often involve cost, entry-level competency, or a completed training course.
Listed below are the requirements before applying for a PMP certification.
The cost for the PMP certification actually varies whether the examinees are PMI members or not. The Project Management Professional certification normally amounts to $405 for the members of the PMI, while it is charged $575 for non-PMI affiliates. The certification often costs more for PMI members than their usual fees, when membership and the application cost are included. The total fee rockets to $544 in such cases. It is the same reason why Project Management Institute members are given a lower charge compared to non-members.
Affiliates of the Project Management Institute are obliged to pay $139 as a yearly due and a $10 one-time application cost. Fortunately, there is a discounted bundle that is way more economical than other alternatives. It is made for potential candidates who are currently enrolled in an accredited program that leads to a degree. The student package generally costs $257 in total, which includes $32 for PMI membership and $225 for the CAPM exam certification.
The PMP certification exam needs to be completed within 360 minutes, equivalent to 3 hours and 50 minutes. The examination is normally composed of 180 questions. The 180 exam questions were chosen in a spontaneous manner from a list of inquiries that addressed each of the five sections that comprise the process of managing projects which includes; commencing, concepting, carrying out, overseeing, and closing. The Project Management Body of Knowledge or PMBOK, the industry-standard manual for handling projects produced by the PMI, is additionally connected with the exam questions.
The salary for a certified PMP revolves around $111,000 to $115,898, on average.
Professionals who have successfully acquired a PMP certification get greater opportunities to land higher paying positions and eventually earn more PMP certification salary. The percentage of PMP-certified individuals who reportedly have earned more income after acquiring such a credential jumped to 68%.
Earning credentials such as the PMP certification result in better-paying job titles or promotions at one’s existing position. Certified PMP holders who are currently employed in the event of such accomplishment are allowed to ask for a certain raise from the management. However, such a raise is relatively impacted by other variables like geography and real-life competence. Project managers are asking, “How long does it take to get PMP Certification?” The answer for that is 8 to 12 weeks. The PMP credential is made available within such a time frame, after submitting an application to PMI. However, the availability of the credential occasionally depends on the submitted requirements and level of preparation of the examinees in order to pass the exam.
Listed below are some of the job profiles that require a PMP certification.
The PMP certification exam covers tools and methods for project management in its actual application. It is a type of examination that not just assesses one’s understanding of the PMBOK or Project Management Book of Knowledge Guide but evaluates knowledge beyond the principles indicated in the manual. The PMP certificate exam has the same number of items as the CAPM exam, however, it differs in the topic and difficulty of each question.
The contents covered in the PMP certification exam are composed of the following; people: 42%, process: 50%, and enterprise: 8%. The questions included in the people section pertain to managing conflict, leading a team, enhancing team performance, establishing project agreements, assisting virtual teams, and other people-related subjects. On the other hand, the queries in the process section primarily cover the project execution strategies. Subsequently, it talks about a variety of subjects, such as managing communications, risk assessment, including stakeholders, budget and schedule planning, quality management, and scope determination.
Moreover, the last category, which is the enterprise section, asks about ideas for planning and managing project compliance, evaluating project benefits and value, addressing external factors for their impact on project scope, and enabling organizational change.
Yes, a bachelor's degree is needed for a PMP certification. One’s eligibility to qualify for a PMP credential is affected by whether a person has a bachelor's degree or not. An accomplished four-year course in project management is one of the primary prerequisites to submit before a person is allowed to take up the assessment for the PMP credential. Nevertheless, some aspirants who are not able to attain such an education are given consideration to be able to qualify for the exam.
These examinees are just required to present or submit a copy of their high school diploma or any equivalent document representing a completed secondary education. It is worth noting that a bachelor’s degree is just one of the necessities for a PMP certification. Candidates must additionally have invested three years or more of experience in project administration, and 35 hours of project management education, in addition to a bachelor's degree.
No, not all project manager professionals have a PMP certification. The PMP certification is a type of credential that many professionals aim to acquire. Possessing a PMP qualification is highly recognized in various fields of project administration around the globe. However, it is not always necessary in landing a job as a Project Manager Professional or be able to manage a successful project. There are a lot of project managers who have succeeded in their careers even without acquiring a degree in project administration or a PMP certification.
Many project managers who have a great deal of project management experience are able to successfully lead teams and produce productive results. Their corporate exposure to handling projects has aided in the development of their skills and abilities on How to become a Project Manager, which are useful as a PMP certification. Some project managers place a higher priority on producing results than earning certificates. They believe that managing projects and producing effective results for their customers or companies is a better use of their time and energy. Furthermore, both the costs of the certification exam and the time spent studying for it make earning a PMP certification an exorbitant endeavor.
Yes, PMP is better than CAPM in various aspects. One of the aspects where the PMP certification is more advantageous than the CAPM is in terms of salary compensation. The typical US pay for PMP bearers is $111,000 per annum, as stated by Payscale. It is a lot higher compared to the CAPM holders’ annual salary which is $67,000. Higher wages were reported by ZipRecruiter with PMP holders earning an average US income of $115,898 while CAPM holders earning around $91,735 per year. Furthermore, a PMP credential is preferable compared to CAPM when it comes to industry demands. There are about 42240 US job advertisements on indeed.com, that specified the need for PMP credentials while there are just 1,943 that pertained to CAPM certification as of July 2022.
Listed below are the advantages of a CAPM certification.
Listed below are the advantages of a PMP certification.
Listed below are some of the disadvantages of a CAPM certification.
Listed below are some of the disadvantages of a PMP certification.
The average salary of a certified CAPM project manager is $68,000 annually. The CAPM certification is a globally acknowledged credential that provides professionals with a competitive edge in searching for employment and making one’s resume stand out. Employers see it as a proof of one’s project-handling capabilities, especially when it comes to managing their positions, duties, and responsibilities. However, the mean wage for CAPM-certified professionals does not necessarily depend on the title alone. There are some other factors that influence the variability of such salary compensation such as the degree of education, the location, and professional experience.
The average salary of a certified PMP project manager is $123,000 every year. It is 32% higher than their non-certified counterparts. Such a rise in the mean salary of PMP-certified project managers is caused by a number of project management skills that they possess. These skills include one’s ability to lead a team efficiently, aptness to cut project costs and boost business revenues, capacity to facilitate job distribution and scheduling that is project-oriented, and potential to bring a greater return on investments to the organization.
There are a few things to prepare and go through in order to maintain project management certifications, such as the CAPM and the PMP. These things include the renewal of credentials and the acquisition of PDUs or professional development units. The renewal for both certifications takes place after 36 months of acquiring one.
However, these credentials differ when it comes to the number of PDUs required for continuation. CAPM certification bearers are obliged to obtain 60 PDUs within the cycle of three years. These 60 PDUs are divided up into the following classifications, namely; a minimum of 35 PDUs for education and 25 maximum PDUs for giving back. Alternately, PMP credential bearers are mandated to earn 15 units of professional development or PDUs. These 15 PDUs are divided up into the subsequent classifications, which are; a minimum of 9 PDUs for education and 6 giving back PDUs at most.
Yes, the credential on CAPM is useful for a PMP certification. It is because the CAPM certification encompasses the expertise and abilities that are relevant to the procedure of acquiring a PMP certification. These skills specifically include recognizing, assessing, and responding to project risks, which are obtained using the methodology that is discussed in the CAPM certification. The CAPM is basically a financial model that aids in forecasting the expected return on an investment or the systematic risk. Project managers are able to utilize the CAPM to determine a project's cost of equity in order to determine a project's overall cost of capital and assess its financial feasibility. Thus, comprehending the CAPM is crucial to project risk management and is pertinent to the PMP certification exam.
Yes, the project management certifications CAPM and PMP are both widely accepted. The project management institute or PMI is the pioneering promoter of the CAPM accreditation, which is developed for aspirants who are new to project administration or have minimal previous employment in project administration. A lot of businesses all across the globe accept and respect the CAPM qualification as a way of proving a foundational apprehension of project management abilities and jargon. The project management institute or PMI offers a different accreditation that is superior to CAPM which is called the PMP certification. It is dedicated to seasoned project managers who have proven a high level of proficiency in the field of project administration. A PMP role is undeniably among the most esteemed and well-respected accreditations in the project management sphere. Both accreditations are highly regarded by employers and are expected to boost a project manager's chances for employment, particularly in businesses that post a great emphasis on professional accreditations and project administration best practices.
No, it is not viable to convert a credential in CAPM for a PMP certificate. It is because these credentials are not on an equal footing, but rather hierarchical. The CAPM is the most basic qualification or the founding certification in project administration, while the PMP certification is an advanced level. Candidates are not allowed to plainly convert a CAPM credential for a PMP certification, however, they are able to upgrade it into a higher qualification by taking up and completing the PMP certification assessment. A great starting point towards achieving a PMP certification is earning a certificate in CAPM.
Nevertheless, there are specifications before being able to go through the PMP credential exam. The PMP certification has stricter experience requirements compared to the CAPM certification. Some of these requirements indicate that a person must have worked for no less than three years in managing projects, have a bachelor's degree, or 5 years of experience managing projects without a bachelor's degree. Moreover, a specific number of hours spent managing and coordinating project tasks must be included in the experience.