According to a 2016 survey by Robert Half International, 72% of CFOs said their companies pay for some or all educational costs associated with earning a professional certification. Many companies offer professional development benefits that may cover employee education and professional credentialing costs. The cost of the PMP exam is $405 for PMI members and $555 for non-members. The PMI requires a fee for both exams with the cost of the CAPM exam at $225 for PMI members and $300 for non-members. Professionals who pursue project management certification are making a valuable, long-term investment in their careers. Purdue’s flexible online Project Management Essentials course fulfills the hourly requirement of both certifications. In addition, the PMP certification requires 35 hours of project management education, compared to the CAPM’s 23-hour minimum. Unlike the CAPM-which requires 1,500 hours of general work experience-PMP candidates with only a secondary degree must have 7,500 hours of experience in leading and directing projects to qualify, while those with a four-year degree are required to have only 4,500 hours of experience. While the PMP certification does not require a bachelor’s degree, job candidates who hold a four-year degree have a significant advantage. 4,500 hours leading and directing projects.35 hours of project management education.7,500 hours leading and directing projects.A secondary degree (high school diploma, associate’s degree or the global equivalent).The prerequisites for the PMP certification exam are as follows: Some universities may also offer project management education at this level as a part of a degree program. Project management education can be completed online, enabling candidates to fulfill this requirement without putting their professional or collegiate obligations on hold. While the CAPM is ideal for people beginning their careers, candidates must have 23 hours of project management education before taking the exam.
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