November 21, 2019

9 Benefits of CPM Certification

Certified Project Manager CPM Certification

Although becoming qualified may not be required in your particular line of work, there are many benefits to obtaining CPM certification. This is true even for those people who are not pursuing a career in project management.

9 Benefits of CPM Certification, certified project manager cpm
9 Benefits of CPM Certification

In order to fully appreciate what these benefits include, we have provided you with a list of the top nine benefits of CPM certification below -

Acquire the skills and knowledge to run things smoothly and efficiently while meeting deadlines

The first thing to bear in mind is that CPM certification involves completing a course that will teach you invaluable skills. Time management and meeting deadlines will be crucial for you to be successful in your line of work. 

According to the PMI’s Pulse of the Profession report in 2010, project managers without certification complete fewer projects on time and on budget. Furthermore, according to available statistics, up to 40 percent of people have experienced financial loss due to procrastination. 

Therefore, having the skills and knowledge to draw up a plan which you can adhere to will put you in good stead, as a project without a plan can waste hours, weeks or even months of work.

Increase your earning potential

This should really be listed as the number one benefit, given financial success will be the driving force for most people entering into any type of workforce.

In 2017, the median salary for a project manager in Australia was approximately AU$142,800 per year. In the USA, the median salary was $112,000 per year. The only country ranked higher for median salaries for project manager roles than the US and Australia is Switzerland. The available statistics indicate that just by obtaining your CPM certification you can potentially add approximately 20 percent to the value of your salary.

For example, according to PMI’s tenth salary survey, respondents across 37 countries who were certified reported higher median salaries than those without (about 23 percent higher on average). 
There are various reasons to justify an increase in your salary when you become CPM certified, many of which will become apparent after considering the remaining benefits below.

Enhance your credibility

Becoming certified is not simple or easy; it takes time and dedication. Having this certification indicates a level of work experience as well as formal training in project management. It also demonstrates you have exceptional ethical and professional standards. 

According to research by the Standish Group from 2010, employers value certified professionals more highly than other candidates. Between 2005 and 2009, the number of chief information officers requiring that their project managers be certified increased by ten percent.

Furthermore, you are also likely to gain credibility internationally and within the industry. Statistics show that as the number of certified project managers within a company increase, the success rates of its projects also increase.

Networking

Having your CPM certification will lead you to new employment opportunities. It will also open the door to new clients, who are likelier to hold you in higher regard. While completing your certification, you will also become a part of a valuable network of professional project managers who you may end up working alongside in the future.

All things considered, a CPM certification is likely to lead you to a promotion within your current framework as well.

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certified project manager cpm
Merely becoming certified can increase your salary by over 20 %

Leadership

The skills you acquire from your certification won’t just put you in good stead, but will also benefit the people you lead, the team around you, your clients and stakeholders; as well as your employer. By being better organized, your teammates will be able to follow your lead, learn from you and work under your direction to overcome hurdles, challenges and deliver outcomes.

Learn why some projects succeed and some fail

As stated above, project managers without certification complete fewer projects on time and on budget. Therefore, becoming certified may very well lead you onto a path to success, though you should be aware that other factors will affect a project’s success, including external factors outside your immediate control. However, a good project manager will make themselves aware of these factors so that they can have a holistic approach to understanding why some projects fail while others succeed.

Obtaining your CPM certification will teach you the necessary skills and provide you with the knowledge required to better understand these dynamics.

Diversify your skills 

While becoming CPM certified you will learn the ins and outs of the various project management tools for the modern age, including both Agile project management and Waterfall. You will also learn how to apply both of these to your role as a manager.

Improve your quality of work

Over your lifetime, you will on average spend 13 years and two months at work. It is, therefore, a no-brainer that you ensure you are enjoying something that you are dedicating a significant portion of your life to. Studies show that approximately 79 percent of people exit their employment due to a lack of appreciation. As much as 53 percent of Americans are unhappy at their current place of work.

Acquiring the tools to build your own career which you value on your own terms may help you from falling in the trap of working in a line of work you don’t enjoy.

Give you an edge

A fairly recent study by CareerBuilder.com found that 58 percent of managers didn’t receive any management training. However, project management is an in-demand skill. All manner of industries, including engineering, healthcare, financial services, technology, legal, Human Resources and many more, require competent project managers who can organize and lead by example.

By becoming CPM certified, you will have the skills to give you that edge over the rest of the applicant pool. It can also be a crucial factor in a client deciding whether to hire you or not.

These are just nine of the key benefits which you can expect to be rewarded with when you obtain your CPM certification, enabling you to take your career to the next level.

You may be interested in reading article on PMP certification - Free Project Management Certification Training Material.

To learn more about Project Management, as well as the services we can provide to help you on your pathway to success in a project management career, click here.


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