![]() Additionally, the certifications have varying costs, and holders of the two certifications can expect varying job opportunities. The PMP and CAPM each serve a unique purpose and come with their own requirements. Understanding how PMP and CAPM certifications differ also helps people plan strategically. ![]() business administration degrees or project manager vs. They may consider the differences between business management vs. Individuals mapping out their career and educational paths can benefit from comparing degree programs, professional certifications, and job descriptions. Finishing and Closing: Handing off deliverables and getting approval from all stakeholders as well as reviewing the performance of the project in terms of expenses, quality, and schedule.Controlling and Monitoring: Problem-solving and managing changes as they arise as well as staying within budget and meeting deadlines.Executing the project: Tracking progress on assignments in relation to established milestones and allocating resources appropriately.Planning and budgeting: Creating an action plan, budget, and defining project deliverables.Starting a project: Establishing a work product’s objectives based on information from stakeholders, setting clear expectations for team members, and clearly defining a project’s scope.The CAPM exam tests candidates’ skill levels in five essential project management processes. This involves building a foundational knowledge of concepts laid out in A Guide to the Project Management Body of Knowledge, also referred to as the PMBOK Guide. To obtain CAPM certification, individuals need to demonstrate knowledge of core competencies in project management. Additionally, because the certification focuses on developing a strong project management foundation, professionals can use the CAPM as the perfect stepping stone toward earning a PMP certification later down the line. Students, recent graduates, and professionals looking to assume responsibilities in more complex projects stand to gain from pursuing this certification. The certification often serves as a useful tool for professionals who hope to break into a project management career. Tailored for those beginning their project management careers, the CAPM helps professionals demonstrate that they possess the skills needed for entry-level project manager positions. For example, to stay within budget, a project manager might need to limit a deliverable’s scope.Īdditional topics covered by the exam include: The triple constraint states that cost, time, and scope impact the success of every project, and to successfully manage projects, professionals need to balance these constraints by making tradeoffs. The PMP exam asks comprehensive questions to measure knowledge of concepts core to project management, such as the triple constraint. Highlight the pivotal role of successful projects in advancing an organization’s goals.Effectively maneuver different project management styles, including predictive and agile approaches.Successfully coordinate and motivate teams during the course of projects.More specifically, they should show they can: To obtain certification, professionals need to demonstrate highly developed skills in key areas of project management. ![]() The designation recognizes project managers with extensive experience and proven track records leading teams and achieving project goals. Many consider this the gold standard when it comes to project management certifications, and some employers may prefer or require PMP certification for new project managers. The Project Management Institute (PMI), a leading professional association for project managers, created the PMP certification. CAPM certifications allows individuals to make the best decision about which to pursue. Understanding the differences between the PMP vs. Project management certifications, for instance, can help prospective employers verify that an applicant understands industry standards.īusiness professionals interested in project management should consider the Project Management Professional (PMP) and Certified Associate in Project Management (CAPM) certifications. Many employers view professional certifications as confirmation that a candidate possesses the specific skills they’re looking for. Increased earnings, enhanced work opportunities, greater competency and knowledge - these and other potential benefits often motivate individuals to pursue professional certifications.
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