If you are wondering how much time, effort, money etc will it take for you to appear and clear the PMP exam even before you open the book; congratulations – you are indeed a project manager.
TL;DR
| You need to study 3 Hours everyday on weekday & 5 Hour on weekends for 2 months. The total preparation & exam cost inclusive of taxes would be approx. $844. |
Let us break it down further:
The most transparent (and vague) answer is that PMP will cost you much money and time. And yes, it is worth it.
So let’s dive in and see where and how much you will be investing your time, money and effort.
TIME: There are multiple gurus and trainers that would tell you that there is a crash course that can help you get your PMP in just 2 days. Or may be some colleague who will tell you his old friend studied for 6 months for PMP. But the truth is that it totally depends on you and your learning curve.
As per a recent survey conducted on PMP certified professionals, the most idle time needed to successfully clear the PMP exam shall be: 2 months with approx. 2 hours a day& 5 hours on weekends.
COST: The PMP exam is expensive and so is the cost for preparation of the exam. Here is a breakdown of the costs involved that will help you to plan your budget accordingly.
| S. NO | EXPENDITURE ON | COST ($) |
| 1. | PMI Membership | 139 |
| 2. | PMP Exam Fee (considered only for PMI Members) | 405 |
| 3. | 35 Contact Hours | 200 |
| 4. | Preparation Guide and material | 100 |
The total cost for PMP preparation and the examination fee would be $844.
Depending on how comfortable you are, you can use PDF/Kindle editions for preparation guide or rent it out. This will help you to get some discounts. But for now we will consider a lump sum amount.
The cost for the PMP exam and preparations would be approx $850 .
There could be some other additional factors depending on your study style:
