The Project Management Professional (PMP®) credential is arguably the most recognized global certification in the Project Management discipline.
The Project Management offerings including the PMP® certification from Project Management Institute®, USA has grown into an industry by itself with global and regional conferences, publications, enablers and numerous courses from close to 1000 Registered Education Providers.
Presently there are in excess of 200,000 PMI® members, with many others joining PMI® to pursue the PMP® certification. Based on the salary increases experienced by IT professionals with the PMP®, this credential carries tremendous clout and is capturing great interest. Membership statistics from PMI indicate that the Computers / Software / DP and IT industries are the top two industry areas among PMI® members, with about 15,000 and 12,000 members respectively in each industry category (estimated in 2005). In whatever way people prepare to become certified Project Managers, the benefits are immeasurable to both the employee and the employer.
Employees are rewarded with increased salaries, job promotions, and in general, better job prospects. Employers who use PMP® are assured that they have hired Project Managers who have a core competency in Project Management and the requisite experience to perform as a project manager. Studies have shown that projects managed by people who are not certified Project Managers have only a 25% chance of success, whereas projects run by those who are knowledgeable in Modern Project Management tools and techniques - as are people with the PMP® certification - have a 75% success rate.