What Is PMP?

Project Management Professional (PMP) certification is a globally recognized credential that validates an individual’s expertise and competence in project management. It is awarded by the Project Management Institute (PMI) to professionals who meet specific education and experience requirements, and who pass a rigorous examination. The PMP certification demonstrates the holder’s understanding of the best practices in project management, including initiating, planning, executing, monitoring, controlling, and closing projects.

PMP Associated Exams

• Certifying Body: Project Management Institute (PMI)
• Exam Name: Project Management Professional (PMP) Exam
• Exam Format: Multiple choice, multiple responses, matching, hotspot, and limited fill-in-the-blank
• Number of Questions: 180
• Exam Duration: 230 minutes
• Eligibility Requirements: A four-year degree, 36 months of leading projects, and 35 hours of project management education/training or CAPM Certification; or a high school diploma or an associate’s degree (or global equivalent), 60 months of leading projects, and 35 hours of project management education/training or CAPM Certification.

PMP Exam Costs

• For PMI Members: $405 USD
• For Non-PMI Members: $555 USD

PMP Exam Objectives

The PMP exam covers the following objectives:

• Creating a high-performing team
• Starting the project
• Doing the work
• Keeping the team on track
• Keeping the business environment in mind

Frequently Asked Questions Related to PMP

Key Term Knowledge Base: Key Terms Related to PMP Certification

Understanding the key terms associated with the Project Management Professional (PMP) certification is crucial for anyone preparing for the exam or interested in project management. This knowledge base is not only beneficial for the PMP exam preparation but also essential for practical project management application. Here’s a list of key terms and concepts that are foundational to PMP certification and project management practices.

Term	Definition
Project Management Professional (PMP)	A globally recognized certification offered by the Project Management Institute (PMI) for project managers.
PMI (Project Management Institute)	The world’s leading not-for-profit professional membership association for the project, program, and portfolio management profession.
PMBOK (Project Management Body of Knowledge)	A set of standard terminology and guidelines for project management, published by PMI.
Process Groups	The five stages of a project: Initiating, Planning, Executing, Monitoring and Controlling, and Closing.
Knowledge Areas	Ten areas identified by PMI as key to effective project management, including scope, schedule, cost, quality, and risk management.
PDUs (Professional Development Units)	Continuing education units required to maintain PMP certification status.
CAPM (Certified Associate in Project Management)	An entry-level certification for project practitioners, also offered by PMI.
Earned Value Management (EVM)	A project management technique that measures project performance and progress in an objective manner.
Scope Management	Involves the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.
Schedule Management	The process of planning, developing, managing, and controlling project schedules.
Cost Management	Planning and controlling the budget of a project or business.
Quality Management	Ensuring that a project’s output, whether a product or service, meets the project’s established standards.
Resource Management	Efficient and effective deployment of an organization’s resources when they are needed.
Communications Management	Systematic planning, implementing, monitoring, and revision of all the channels of communication within an organization, and between organizations.
Risk Management	The process of identifying, assessing, and controlling threats to an organization’s capital and earnings.
Procurement Management	The process of planning, managing, and executing the purchasing of goods and services for a project.
Stakeholder Management	The process by which you organise, monitor, and improve your relationships with your stakeholders.
Agile and Scrum	Iterative and incremental project management methodologies primarily used in software development.
Critical Path Method (CPM)	A step-by-step project management technique to identify activities on the critical path.
Gantt Chart	A type of bar chart that illustrates a project schedule and shows the dependency relationships between activities.
Work Breakdown Structure (WBS)	A hierarchical decomposition of the total scope of work to be carried out by the project team.
Change Management	The approach to transitioning individuals, teams, and organizations to a desired future state.
Conflict Resolution	The process of resolving a dispute or a conflict by meeting at least some of each side’s needs and addressing their interests.
Leadership	The action of leading a group of people or an organization.
Team Building	The process of causing a group of people to work together effectively as a team.

These terms represent the core vocabulary and concepts that are integral to both the PMP certification curriculum and the practice of project management. Familiarity with these terms will not only aid in exam preparation but also enhance one’s ability to manage projects effectively in a professional setting.