CAPM CertificationJuly 17, 2022 2022-07-22 6:13
What is the CAPM® Certification?
The Certified Associate in Project Management (CAPM®) is an entry-level certification that helps acquire project management skills. It is one of the popular certifications administered by the Project Management Institute (PMI). CAPM® certification is based on the PMI framework and follows the standards as described in the PMBOK Guide (A Guide to the Project Management Body of Knowledge).
The CAPM® credential enables career growth in project management roles. Around 40,903 professionals currently hold CAPM® certifications. The CAPM® certification ensures the candidate has the fundamental knowledge of project management processes, principles, and terminology needed to effectively manage a project and project groups.
Furthermore, this certification course prepares individuals to handle the primary challenges in project management. The PMI- CAPM® certification is also considered a steppingstone to the Project Management Professional (PMP®) certification.
Benefits of CAPM® Certification
The CAPM® certification is a popular prerequisite that helps employers identify the most qualified candidates for specific roles in their organizations. The need for project managers exists in nearly every industry: engineering, construction, information technology, and so on. Attaining CAPM® certification opens doors to a variety of opportunities, including:
Global Opportunities: One of the biggest benefits of CAPM® is its global recognition. Having the ability to work anywhere allows you to travel worldwide and work on more challenging and rewarding projects. A company’s management may be more likely to transfer a certified employee to an international location if it is in their best interest.
CAPM® Salary Prospects: An individual with a CAPM® certification on their resume can see their salary increase by at least 25%. As employers value CAPM®-certified employees over their non-certified counterparts, qualifying candidates can command a higher salary than their non-certified peers. With an average annual salary of $101,103 (Source: Payscale), PMI Certified Associate in Project Management (CAPM®) is considered one of the highest-paying certifications.
Personal and Professional Development: The CAPM® certification program encourages candidates to develop their careers. Through the learning journey of the CAPM® Certification course, applicants gain confidence and competence in managing and leading challenging projects.
What do you Learn in the CAPM Certification Course?
As a project management professional, you will learn to align the work with the standards outlined by the PMBOK guide. The CAPM® Certification provides the candidates with higher credibility for their skills among PMP credential holders, employers, and project managers. You will be learning the basics of:
The CAPM® certification is designed for people with little or no project management experience. Project management concepts, terminology, and best practices are explained in the CAPM® curriculum. Consequently, it opens a multitude of job opportunities across various job roles.
A candidate should consider the CAPM® certification if:
What Does a CAPM Do?
The candidates are evaluated based on the five functional processes of the PMBOK framework combining the best practices in project management. They include:
Start a Project: The scope of the project is established. A CAPM®-certified project manager has to ensure the objectives are clearly defined after setting expectations for individual contributors and project teams.
Plan and Budget: The project team sets up an action plan, budget, and deliverables. A CAPM® professional is expected to help estimate the costs as per the processes and allocate the overall cost of the project. The team also must make plans for any contingencies that may arise.
Execute The Project: Project team members work on their assignments. The project manager measures the progress against the defined milestones. This phase involved the release of materials and financial resources allocated for the project.
Control and track: Project Managers must have the essential qualities like flexibility, problem-solving and efficient decision-making skills to deal with a change request and unexpected contingencies during the project. As the project manager ensures the project teams adhere to allocated budgets and deadlines.
Finish and close: Project managers and CAPM®-certified professionals work together to ensure tasks, and assignments are completed, and historical documents are archived.
|CAPM® Certification Exam Format|
|CAPM® Certification Eligibility Criteria|
As guided by PMI to appear for CAPM® certification exam a candidate must have:
|CAPM Exam and Training Cost|
Applying for the CAPM® certification exam costs $225 for PMI members and $300 for non-PMI members.
|CAPM® Certification Salary|
CAPM Certification can give you a positive boost to your project management career and is one of the highest-paying certifications in the industry.
|How to get CAPM Certified?|
After you meet the eligibility requirements, you're all set to get CAPM® certification under your belt. You'll start by registering for a PMI account and filling out an online application. Once you kick start your application process it will remain open for 90 days. On submission, it can take up to 5 days to review your application for completeness.
|CAPM Certification validity and Renewal Process|
Once you have successfully passed the CAPM® exam, your certification will be valid for 5 years. The 5-year period begins when you pass the actual exam, not the date you registered. PMI offers a recertification process that allows the CAPM® certificates to remain valid even after expiration and without retaking the exam. Candidates can renew their certificates by earning 15 PDUs within 3 years of the certification cycle and paying renewal fees of $60 for PMI members and $150 for non-PMI members.