8 Easy Ways To Become Cost Effective On PMP Exam Studies
Studying for and getting your hands on renowned PMP Certification (Project Management Professional) can be much more cost effective than expected. A couple of training courses can cost you an arm and a leg. Still, there’re always ways to cut down your cost and access valuable and helpful tools of study. Below are some ways you can refer to soften the studying cost and attaining your PMP certification that isn’t inclusive of spending lots of money. Let’s go over those tips on savings and you may see lowering the cost for taking PMP exam isn’t that incredible. (Note that this post is completed thank in big part to PM Prepcast and TechRepublic)
1. Join PMI
It could be wrong of you not to join the PMI (Project Management Institute). Though you’re not required to be a PMI member to sit for the PMP exam, being a member can induce considerable savings. The PMI membership costs you only $139 ($10 application fee included), which could be so small to the following savings you may see. Let’s see, you will gain a member discount up to $150 for the exam. Secondly, you can get access to the materials at a lower cost or free even. Being a PMI member, you will pick a free PDF copy of PMBOK Guide, saving about $40 – $50. Another reason for joining PMI when it comes to savings is that as a PMI member, it’s possible for you to access PMI eReads inclusive of some PMP prep books for your online reading at zero fee. Last but not least, PMI membership is $139 and PMP exam fee if you’re PMP member is $405, totalling $544 regarding the cost for membership cum exam. Meanwhile, as a PMI non-member, your exam fee is already $555. Just a simple calculation can unfold an interesting fact that you can make ends meet $11, using PMI membership. Then use your brain and join PMI. That’s what a vast majority of people strongly recommend.
This link is dedicated to your all-encompassing grasp of PMP Certification Exam Fees
2. Engage in your local PMP chapter
Aside from being a PMI member, you can consider involving in your local PMI chapter. By so doing, you will earn chances to meet the individuals in the PM landscape, some of whom are in the same situation as you, going for PMP certification. That’s not all, local PMI chapters have, for long, won great reputation as catering qualified and cost efficient PMP Prep courses. Being a member of the local chapter will save you from $100 to $300 (reliant on your chapter) as related to the cost for enrolling a PMI chapter PMP preparation course.
3. Use second hand
Rummage for second hand resource materials. If you’re seeking for PMP exam prep guides, don’t forget to check and grab second-hand copies via such websites as Amazon, Ebay. Just ascertain to grab the right edition of the material to keep up with the current test.
4. Leverage coupons
When defining a PMP prep product you desire to buy, spare just a little time to search for discount coupon on websites. Then your time could pay off.
5. Find for contests
Another way to save money is to seek out local contests. Quite often, enterprises will offer their PMP products at a giveaway price in the PMP chapter meetings that serve as marketing tools and cater to your demand for a down cost product. Then check and see whether your chapter is offering any free study materials in their meetings.
6. Search for courses of high quality and low cost
Also, if you want to restrain your spending, commit some time to researching and contrasting PMP exam courses in order to discover the best considering quality and cost. There’re available abundant on the market. Bear in mind that it’s always like that the most expensive will be the best. Indeed, the one that costs you to the least isn’t necessarily the least best. Go through reviews as well as testimonials by those who have challenged the course. If you fail to find out a review or the like for the course at its website, make use of one of numerous PMP prep forums online in which you can consult if anyone has gone for the particular course that you heart, and ask whether they could suggest the course that they have attended. Opinions as well as experiences are always of help no matter what, and on top of that, they’re totally free!
7. Look into exam prep products of high quality and low cost
When it comes to prep products for PMP exam (ex. Flashcards, books, apps, etc.), don’t buy into shoddy stuff. Just do some research. In fact, there’re many low-cost but high-quality prep products for this exam on the market that help a lot during your course of PMP certification achievement. Still, there needs to consider that there’re also several products of little value out there. That’s why you should look into customer’s recommendations to make sure you will be acquiring qualified training resource before coming to any purchase.
This link sure helps a lot a lot: Save Time And Earn Chances Of Acing PMP Exam with Top-Rated PMP Study Materials
8. Get your employer to cover training fees and PMP exam
Given that you’ll acquire PMI membership as it will lower your exam fee. As said above, the accumulated PMI exam and member fees are $544 (exclusive of training costs). Assuming that you wish to pursue a training course of 4 days and led by instructor to round your preparedness, the course costs is around $2,600. Your total cost all together may be $3,144. That’s pretty a lot to your personal budget.
Then one savings option is to ask your employer to fend for those costs since the PMP credential will back up your professional advancement. If your attaining PMP certification is sponsored by your workplace, then all you should do is to sign up for training and exam, and inconvertably, well gear up for and ace the exam to become full-fledged certification holder. That way, you can return your organization’s goodness. Rather, your company’s coffers will be soon filled again following your successful efforts of project completion just on time and on budget.
Particulars about 5 steps to get your enterprise to fund your PMP exam and training fees are as follows.
a. Use a business mindset
The way to gain access to your company’s coffers is to design a powerful business proposal of one page. Like projects that you daily manage, covering your PMP exam will ask for a grip of fees and benefits, and an ace demonstration of the benefits gained from that investment.
b. Develop a proposal of one page
The proposal is suggested to include a summary in one sentence, a benefit list, a cost list and a section dedicated to return following the investment.
c. Define the benefits
As for the section of benefits, you would list up some bullets rather than long-wined paragraphs, which would allow your manager or executive to take a quick scan at the key points and grasp what the organization benefit from paying for your PMP exam. The benefit can be named as, for example,:
• Bolster the company’s expertise and knowledge as connected with PM standards, formal techniques and processes.
• Enhance the company’s PM maturity
• Build up an internal resource of PM ultimate practices as well as processes
• Boost up human resources’ improvement and educational targets
d. Gauge the costs
For the cost section, you can offer 2 options for the sponsor to choose the best considering their training budget. A good example is:
• Option 1: a total of $2,140 for a four-day prep course & PMP exam fees
• Option 2: a total of $755 for a self-study course online & PMP exam fees.
Indeed, those who give more than one option will have the better hand than those without flexibility when listing only one option. When reviewing the proposal, you could present two options and consider which one is better.
Bigger companies would often give their staff training chances, and some even regulate 40 hours or more of training each year, which will be the key card to having your PMP test funded. The company training budget will be your chance to utilize those funds for your PMP traing class instead of the training that you’re mandated.
Note that don’t forget to include the travelling fee to your costs if appropriate.
e. Define gains on investment
This section aims at outlining how this investment will benefit the organization (rather, how you will return the organization’s investment, and applying the knowledge got in the qualitative or quantitative way). An enterprise doesn’t desire to pour investment in an employee just to earn the result of loss that that person attains a certification and begins finding for a new job. Your employers wishe to see how you’ll use the knowledge gained as a result of their training investment.
Below is the language that works well when it comes to your ROI section (Return on investment):
Employing the knowledge gained from PMP training, I will:
• Assist the PMP cert study group within 3 months, during which I support other staff with PMP exam prep.
• Speed up lessons learned from MS project training courses for all the PMs at the workplace.
Most internal company workshops costs $300 or more per person as for a session of half day. Employing the cost of a common PMI chapter dinner meeting at $25 each person, the 3-month group study in 10 people makes good to the cost for PMP training.
To add it up, you’re highly encouraged to try this approach. Andrew Makar, an IT program manager, applied this format two times to tap into the funds for his doctorate programs from 2 employers and the success results from the two. The key, as he shared, is to showcase a crack presentation and make sure it’s a decision of brainer.
8 Easy Ways To Become Cost Effective On PMP Exam Studies
Being entitled to PMP certification can be a costly investment though, there’re ways for you to cut down on the cost. As a PMI member, you will lower your exam fees and gain a free PDF copy of PMBOK Guide. Also, by engaging in your local PMI chapter, you will access any PMP exam prep courses that the chapter provides at a lowered cost. Another way for your savings is to shop second hand study materials, find out coupons and collect free materials for promotional purpose in PMI chapter meetings. Bear in mind that high cost doesn’t always come with high quality, and low cost doesn’t always means low quality. Do your own research and seek out reviews as well as testimonials from purchasers of PMP exam prep materials who have attended PMP prep courses. Above all, it will be the best if you put your heart and use your sexy brain getting your company to fund for your PMP training and exam fees Hope you can avoid throwing money away on PMP exam studies, nail PMP test practice questions free online, and do best on the PMP exam.
Perhaps you find those links useful:
Must-Read Tricks for Selecting Best Answer to Tricky PMP Exam Question
Killer Tricks And Tips To Accelerate Your PMP Exam Marathon
Buy 25th Hour, 32nd Monthly Day And Extra Time For PMP Exam Study