Is PgMP certification worth it?

As you deal with the tricky parts of managing programs, the PgMP certification shines as a mark of excellence. But is it worth your time and money? Companies now expect more from their leaders, and this certification aims to boost your strategic skills and ability to make tough calls.

PgMP certification opens up new chances and shows you're serious about being the best. In this post, we'll look at the actual benefits, how it affects your work, and how it helps you grow. This will help you figure out if it's the right next move for your career.

Why is Program Management Gaining Momentum?

Program management, once considered a niche discipline, is increasingly recognised as a critical driver of organisational success. The rising complexity of projects, coupled with the need for strategic alignment and efficient resource utilisation, has fueled the demand for skilled program managers.

Let's look into the key reasons behind this growing momentum:

Complex Business Landscape: 

Today's business environment is characterised by rapid change, technological advancements, and global competition. Organisations need program managers to navigate this complexity and ensure their projects align with strategic objectives.

Focus on Value Delivery: 

Program management emphasises the delivery of benefits and value to the organisation. This focus on outcomes, rather than simply completing tasks, resonates with executives and stakeholders.

Need for Cross-Functional Collaboration: 

Programs often involve multiple projects and teams across different departments and functions. Program managers facilitate collaboration and ensure everyone works towards a common goal.

Focuses on Risk Management: 

Program managers proactively identify and mitigate risks that could derail projects or programs. This focus on risk management helps organisations avoid costly setbacks and achieve their objectives.

Data-Driven Decision-Making: 

Program management increasingly relies on data and analytics to inform decision-making. Program managers track progress, measure performance, and use data to optimise resource allocation and project outcomes.

The increasing importance of program management is reflected in the growing demand for certified professionals. The PgMP and other certifications like the PMI's Program Management Professional (PgMP)® are gaining popularity as organisations seek individuals with the skills and knowledge to lead complex programs and deliver strategic results.

Check out Top Reasons Why PgMP Certification is a Game-Changer for Program Managers

What Are the Benefits of PMI-PgMP Certification?

Earning the PMI-PgMP certification is a substantial accomplishment that reverberates throughout your professional life. Beyond simply adding an impressive credential to your resume, it opens up a world of opportunities and advantages. Let's delve into the specific benefits it bestows:

1. Stay Ahead in the Project Management Landscape
   The PgMP certification positions you at the forefront of project management, equipping you with advanced skills in managing multiple complex projects. This credential validates your ability to lead programs that align with organisational strategy, providing a cutting-edge advantage in a competitive field.
2. Enhanced Career Opportunities and Earning Potential
   Obtaining the PgMP certification opens doors to higher-level roles such as Program Manager, Portfolio Manager, and Director of Project Management. With this credential, you can command a higher salary and secure opportunities in industries that value strategic program leadership.
3. Elevated Professional Reputation
   Being PgMP-certified elevates your standing in professional circles. It signifies that you possess a rare level of expertise in program management, earning you tremendous respect and recognition among peers, stakeholders, and senior management.
4. Boosted Confidence in Handling Complex Programs
   The rigorous preparation and knowledge gained from earning the PgMP certification enhance your confidence in managing complex programs with multiple interconnected projects, diverse teams, and high stakes. It empowers you to make strategic decisions and mitigate risks effectively.
5. Increased Trust from Clients and Stakeholders
   Clients and stakeholders tend to trust PgMP-certified professionals more, knowing they have proven skills and knowledge. This trust can lead to more significant projects, higher client satisfaction, and long-term business relationships.
6. Recognition of Professional Excellence
   PgMP certification serves as a testament to your professional achievements and dedication to mastering program management. It demonstrates your commitment to continuous learning and excellence, differentiating you from non-certified peers.
7. Sought After by Leading Global Organizations
   Top-tier organisations worldwide recognise and seek PgMP-certified professionals to lead their programs. Being PgMP-certified enhances your marketability and puts you on employers' radar prioritising strategic, program-level oversight and delivery.
8. Capability to Improve Program Management Practices
   PgMP-certified professionals bring advanced practices and frameworks to their organisations, enhancing program management efficiency and effectiveness. You will be better equipped to create a culture of strategic alignment, collaboration, and continuous improvement, driving organisational success.

Check out Why PgMP Certification is a Must-Have

Do Organizations Need Program Managers?

Companies reap significant rewards when they have capable program managers who work on connecting various projects to broader company goals. Project managers often dive into specific projects' technical details and delivery, but program managers take a more high-level, business-focused view. They grasp how a program's success will push forward company aims, boost competitive edge, and help long-term expansion.

A program manager does more than just watch over projects; they act as the critical bridge between business strategy and the steps needed to reach it. This means overseeing parts like projects, day-to-day work, and other program elements that need to align for the best results. They have to guide the team, make intelligent changes, and make sure the whole program adds value to the company.

Skills in Project & Program Management

While project managers thrive on controlling specific tasks to achieve defined goals, program managers excel in delegation, leadership, and strategic planning. Program managers need a deep understanding of the business to make informed decisions, adjust program directions, and ensure all efforts contribute to the organisation's objectives. This flexibility allows them to adapt to changing circumstances and find the best ways to deliver value, contrasting with the project manager's focus on reliability and meeting specific project deadlines.

Organisations need program managers to bridge the gap between high-level strategy and project execution, ensuring that all initiatives contribute to the organisation’s long-term success.

Is PgMP Your Next Career Milestone?

Pursuing the Program Management Professional (PgMP) certification can be a strategic move if you’re aiming to advance into roles that involve managing complex programs and aligning them with organisational objectives. This certification is ideal for professionals who want to enhance their ability to oversee multiple projects, manage interdependencies, and drive strategic initiatives. It’s particularly beneficial if you are looking to transition into higher-level positions where you need to demonstrate a broad understanding of program management and its impact on business goals.

Before pursuing the PgMP, consider your career aspirations and current job role. The PgMP is designed for those with significant project management experience seeking to expand their expertise to manage programs effectively. While having a Project Management Professional (PMP) certification can be advantageous, it is not a requirement for the PgMP. Pursuing this certification should align with your career goals, the needs of your organisation, and your readiness to take on more strategic responsibilities.

Read more PgMP Vs PMP

Return on Investment

When evaluating the Program Management Professional (PgMP) certification, it's essential to consider the financial outlay versus the potential salary benefits. The total cost of obtaining the PgMP certification includes training and exam fees. Training costs range from $899 to $1,499. For the exam, PMI members pay $800 and non-members $1,000. Therefore, the total cost is approximately $1,699 for members and $2,499 for non-members.

Let’s consider the potential salary increase to assess the return on investment. 

Assuming an average salary increase of 15% to 25% post-certification, let’s calculate the ROI percentage based on a current salary of $100,000. A 15% increase results in an additional $15,000, while a 25% increase results in an additional $25,000. 

For a member, the ROI would be:

• 15% increase: ($15,000 - $1,699) / $1,699 × 100 = 779%
• 25% increase: ($25,000 - $1,699) / $1,699 × 100 = 1345%

For a non-member, the ROI would be:

• 15% increase: ($15,000 - $2,499) / $2,499 × 100 = 500%
• 25% increase: ($25,000 - $2,499) / $2,499 × 100 = 900%

These calculations demonstrate that the PgMP certification can be a financially beneficial investment, with the potential to offer a substantial return in the form of improved earning potential.

Conclusion

Choosing Simpliaxis for your PgMP certification training can significantly improve your investment. Simpliaxis offers 24 hours of live online PgMP training, providing flexibility and convenience. Participants earn 24 Professional Development Units (PDUs) and benefit from PMI-certified global recognition that enhances credibility. This program includes lifetime access to course materials, ensuring ongoing reference and support. 

With a hands-on, activity-based learning approach, comprehensive exam preparation guidance, and access to high-quality PMI® digital resources, Simpliaxis equips you for success. Additional features such as doubt-clearing sessions and 24/7 support further solidify the value of your investment, ensuring that your PgMP certification journey is well-supported and maximises the return on your financial commitment.

Read more about What to Expect in a PgMP Certification Training Course

FAQs

1. How valuable is the PgMP certification?
The PgMP certification is valuable for experienced program managers. It demonstrates advanced skills in managing multiple related projects, enhancing career prospects and earning potential.

2. Is PgMP tougher than PMP?
Yes, the PgMP is more challenging than the PMP. It requires more experience, a broader understanding of program management, and the ability to handle complex, interconnected projects.

3. What is the benefit of PgMP?
The PgMP certification benefits professionals by validating their expertise in program management, leading to higher credibility, better job opportunities, and increased salaries.

4. What is the passing rate for PgMP?
To pass the PgMP® exam, you need to achieve a minimum score of 65%. The exam follows a linear format.

5. How many PgMP holders are there?
As of now, there are around 4,000 PgMP holders worldwide. The number is relatively low compared to PMP, highlighting its exclusivity.

6. How long does it take to study for PgMP?
Depending on prior experience and knowledge, preparing for the PgMP exam typically takes 3 to 6 months of dedicated study.