If you’re pursuing Project Management Professional (PMP) certification, you know that it comes with an expensive price tag. But fear not, there are several ways to save money without sacrificing quality exam preparation. In this guide, we’ll explore different options for cost-efficient PMP exam preparation, from joining PMI to buying used study resources.
How to Save Money on Your PMP Exam
The first step in saving money on your PMP exam is to assess the overall costs that come with the process. The current exam fee for PMI members is $405, while non-members must pay $555. Additional expenses include study materials, review courses, and any associated travel expenses. Therefore, it worth exploring how to save money on each of these aspects of your PMP exam.
One way to save money on study materials is to borrow them from a library or purchase used books online. Many PMP exam prep books can be quite expensive, so this can be a great way to cut costs. Additionally, there are many free online resources available, such as practice exams and study guides, that can supplement your study materials and save you money.
Joining PMI: A Cost-Effective Way to Prepare for PMP Exam
If you’re not already a PMI member, joining can help you save hundreds of dollars on your PMP exam. PMI members receive a $150 discount on the PMP exam fee, bringing the cost down to $405. PMI membership also includes access to a wealth of study resources, including webinars, practice exams, and a digital copy of the PMBOK Guide – all helping you prepare for the PMP exam.
Additionally, PMI membership provides networking opportunities with other project management professionals, access to job boards, and discounts on PMI events and courses. Being a part of the PMI community can also enhance your professional credibility and demonstrate your commitment to the project management field.
Benefits of Joining Your Local PMI Chapter for PMP Exam Preparation
Local PMI chapters offer significant benefits to aspiring PMPs. They provide a platform to network with other project managers, attend local study groups, and get more engaged in the project management community which can lead to added opportunities for learning and career advancement. Many local chapters offer PMP exam review courses and workshops for a fraction of the cost of commercial courses, which can be a great option to supplement self study.
In addition to the benefits mentioned above, joining your local PMI chapter can also provide access to valuable resources and tools for PMP exam preparation. These resources may include study materials, practice exams, and mentorship programs. By taking advantage of these resources, you can increase your chances of passing the PMP exam on your first attempt and achieving your career goals.
How to Save Money on PMP Exam Resources: Buying Used
Many PMP exam resources are available both new and used on Amazon, eBay, Craigslist, or other similar websites. By buying used, you can save significant money on study guides, exam preparation books, and practice exams. You can also donate your resources for others to use when you’re done to make it a more sustainable and cost-effective practice.
Another benefit of buying used PMP exam resources is that you can often find older editions of study materials at a fraction of the cost of the latest edition. While it’s important to ensure that the information is still relevant and up-to-date, many of the core concepts and principles covered in the exam remain the same over time.
Additionally, buying used PMP exam resources can be a great way to support local businesses and individuals. Consider checking out local used bookstores or online marketplaces that specialize in secondhand items. By purchasing from these sources, you can help keep money in your community and support sustainable practices by giving new life to pre-owned materials.
Discount Coupons: A Simple Way to Save on PMP Exam Study
Discounted exam prep books and courses coupons can be found from many sources include temporary sales offered by providers and online platforms such as Udemy, LinkedIn Learning, Coursera and Skillshare that offer courses with discount codes often. Be sure to do a thorough search before making any purchase so that you aren’t spending money needlessly.
Another great way to save on PMP exam study is to take advantage of free resources available online. Many websites offer free practice exams, study guides, and other helpful materials that can supplement your exam prep. Additionally, joining online study groups or forums can provide valuable insights and tips from other PMP candidates. Remember, while it’s important to invest in your exam prep, there are also many cost-effective options available to help you achieve your certification goals.
Win Big: How to Find PMP Exam Contests
Some organizations or PMP exam educators hold online contests or raffle tickets entries to win prizes related to exam prep materials, courses, or exam fees. By participating, you can potentially win expensive exam prep resources, with no cost to you. Be proactive and look up the different contests available online that can help you cut down on your exam expenses.
Another way to find PMP exam contests is to join PMP study groups or forums. These groups often share information about ongoing contests or giveaways related to PMP exam prep. By joining these groups, you can stay updated on the latest opportunities to win exam prep resources and reduce your exam expenses.
It’s important to note that while participating in PMP exam contests can be a great way to save money, it should not be your only method of exam preparation. Make sure to also invest in quality study materials and courses to ensure you are fully prepared for the exam. Use contest winnings as a supplement to your exam prep, rather than relying on them as your sole source of study materials.
High-Quality Low-Cost Courses for PMP Exam Preparation
In addition to buying used study materials, some online learning platforms offer affordable high-quality courses that prepare you for the PMP exam. Udemy, LinkedIn Learning, Coursera, and Skillshare provide PMP exam preparation courses at affordable prices. These courses provide the same level of quality education as the more expensive commercial courses. Look for courses with high ratings and recent reviews to make sure they’re up to date with the latest exam questions and practices.
It’s important to note that while these courses are affordable, they still require a significant time commitment and dedication to studying. It’s recommended to set aside a specific amount of time each day or week to focus on the course material and practice exam questions. Additionally, some courses may offer additional resources such as study guides or practice exams for an additional fee. Consider these options if you feel you need extra support in your exam preparation.
Top Exam Prep Products That Won’t Break the Bank
When you’re shopping for PMP exam preparation materials, look for offerings with a good cost/benefit balance. There are many good options available that won’t break the bank, including Rita Mulcahy’s PMP Exam Prep Book, Andy Crowe’s How to Pass the PMP on your First Try, and Head First’s PMP Exam Prep. These options offer excellent learning along with sample exams, flashcards, learning activities, and much more. All you have to do is research, compare, and find the resources that best fit your learning style, budget, and timeline.
Another great option for PMP exam preparation is the PM PrepCast. This online course offers over 50 hours of video lessons, sample exams, and study aids. The course is self-paced, so you can study at your own speed and on your own schedule. The PM PrepCast also offers a money-back guarantee, so you can be confident in your investment.
If you prefer a more interactive approach to learning, consider joining a PMP study group. Many professional organizations and online communities offer study groups where you can connect with other PMP candidates, share study materials, and discuss exam strategies. Study groups can provide valuable support and motivation, as well as a sense of community during the exam preparation process.
Conclusion
Preparing for the PMP exam can be a challenging, long process, especially if you’re trying to keep costs down. With the wide variety of options available to you, there’s no reason to spend more than necessary. To get the most out of your money, consider joining PMI and your local chapter, looking for discounts and contests, and buying used resources. While finding the right high-quality materials may take some effort, you can save significant money while still receiving top-notch preparation whenever you need it.
It’s important to remember that passing the PMP exam is not just about saving money, but also about investing in your career. By becoming a certified project manager, you can open up new opportunities for advancement and higher salaries. So, while it may be tempting to cut corners and save money during the preparation process, it’s crucial to prioritize your long-term career goals and invest in the resources and support you need to succeed.
