PgMP vs PMP
The project Management institute offers PgMP Program Management Professional and PMP Project Management Professional . A common question is, which certification should I go for , or should I do both. ? Which would be having more market value.
Lets see some difference. To be eligible for the Program Management Professional (PgMP) certification, your must have, within the last 15 years, satisfied these requirements:
With High School Diploma, Associate's degree or equivalent:
4 Years (6,000 hours) of project management experience along with 7 years (10,500 hours) of program management experience.
With Bachelor's degree or higher, or equivalent:
4 Years (6,000 hours) of project management experience along with 4 years (6,000 hours) of program management experience. Additionally, if Bachelor's degree or equivalent is obtained by from a PMI accredited university, the individual receives 1,500 hours toward the requirement for program management experience.
PMP is an indicator of Project management experience and is one of the most popular PM certifications today. PgMP is aimed at those project managers who also have significant experience in managing PROGRAMS, essentially those who manage multiple, complex projects to achieve strategic and organizational results.. In essence, the PgMP is the next level of PMP.
Hierarchy of certifications would be somewhat like this - CAPM, PMP, PMI-RMP, PMI-SP, PgMP, and, PfMP - Portfolio Management Professional.
So what is the motivation to do PgMP if you are already a PMP
- Drastically increase your knowledge on Program management.
- Learn additional knowledge and skills required for Program Management.
- Program managers are much better paid compared to PMs.
- PgMP is like a career progression after PMP and will be valued in organizations which deliver large scale programs.
Cost of PgMP is US $1,500 (PMI® member) and $1800 for Non PMI member