How Much Time, Effort and Money is Required for the PMP Credential?


Earning the PMP® Certification may cost you a lot of money, time and efforts. It is imperative to estimate whether your budget and study time allows you to take on PMP® as your next professional achievement.
Just as the projects we manage every day, a good planning is half success. With the information on PMP® Exam presented here, it is hoped that Aspirants will be able to lay out a plan that is most suitable for their success.
PMP® Time and Study Effort Inputs
It is often said that the PMP® exam is very hard and it requires a lot of preparation (and that’s why the PMP® Certification is such a valuable professional recognition).
But as someone who has never prepared for the PMP® Exam before, how can one know how much time is needed to be fully prepared? Actually, the actual length of study required usually cannot be determined until you are halfway in the study (that’s my very own experience).
Luckily, a recent survey of 100 PMP® who successfully passed the PMP® exam gives us some hints on the amount of time required.
The survey asked 100 PMP® who have recently passed the PMP® Exam. It shows that Aspirants may need as short as a week of study or as long as over 6 months of preparation to pass the PMP® exam. The average time required is around 2 months with 3 hours of studies every day.

PMP® Re-certification Inputs
Passing the PMP® exam and getting the PMP® certificate is not the end of your PMP® Certification journey. The PMP® Certificate is only valid for 3 years from the date of passing the PMP® Exam. Costs are involved in maintaining the PMP® Certification throughout your life if you intend to keep the Certification status.
PMI requires every PMP® to obtain at least 60 PDUs in each 3-year re-certification cycle (1 PDU is equivalent to 1 hour of project management education/service). You will need to spare at least 60 hours of your time every 3 years to collect, record and report the PDU you have gained during the re-certification cycle (luckily, this is not a large amount of time compared to the 180 hours or more for your PMP® Exam preparation).
With the exam being as difficult as it is, it’s no wonder why the pass rate is so low. Keep in mind that the PMI intentionally doesn’t make public the exam’s pass or failure rates. The internet is full of estimations, often made by providers of 35 hours preparation courses.
One of the most frequent estimations is 50-60% pass rates at the first attempt (failure rates of 50-40%).
Referring to my personal experience, I think that this estimation is reasonable. If I had studied half as much as I did, I would surely have failed the exam and I think that 50-40% of project managers who fail the exam are so busy that either they have no time to study or they under-evaluate it.
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