As part of continuous learning and knowledge validation, accruing more certifications with PMI increases the financial burden for certification renewal. Apart from PMI certifications, someone may also obtain certifications in relevant domains such as PRINCE2, IIBA, ITIL, Scrum, Cloud, cybersecurity, or RPA-related certificates. If these certifications someday become a financial burden, among the PMI certificates (assuming one is certified for all the PMI core and specialized certificates), which certificate would you drop or stop renewing first?
While I understand the importance of continuous learning and knowledge validation, personally, I think the path to excellence should not be like a financial punishment for professionals. I understand this might be sensitive to ask within the PMI community, but the accumulated renewal costs (after exam fees, which are not cheap either) can eventually become a real financial concern that each of us needs to consider. While I encourage everyone to renew their certifications, especially the PMP, if there comes a day where discontinuing renewal is necessary due to financial constraints, which one would you choose to drop first? Please also share the reasons why.
I would assume a person would decide based on the area the person is working in and has the strongest interest in for (near) future...although that is not always know, hence the interest part....
Keep learning yes, but you cannot spend 80% of your time learning... Saving Changes...
Miguel Muinos-Gutierrez ,Thanks for sharing your opinion and prioritizing method based on area of interest and role. Definitely some useful information for reference.
Some professional certification can be achieved easily within one month, so even without spending much time, the more we learn, the more certifications we accumulate. Personally, I obtained certification for all three PMI certificates, including PMP, PMI-ACP, and PMI-RMP, all 3 together within a span of 2-3 months.
I would like to dedicate 100% of my life to learning, as every day there is something new to explore. Bit by bit, every day, it will eventually lead to something big.
Life long learning yes, that we must all do...Either being maintaining or learning something completely new. But I assume that a person has a job to do and a family and a life outside work, so combining all that, together with the also potential financial cost (so not only time), it leads to setting the right priorities (for each person different). To your question ;-) Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Danny, I have more than 50 Credentials from 11 different organizations. Out of all those credentials, 20 requires renewal: Some require annual renewal, others triennial and a few every five years. The average annual cost to renew all is not small (a decent chunk is for PMI credentials) and on top of that comes the annual membership fees for every organization which is a lot and it definitely is becoming a financial burden.
What I decided to do this year is not renew my membership with a few organizations in an attempt to reduce the annual renewal costs but I am not yet there in terms of considering not renewing a credential because most of those credentials that I earned did require a decent amount of time and effort to acquire so it's not easy to just say I am not going to renew this and that. I don't think I would consider that option unless I run into real financial issues so for now my answer is: I don't know which credential I would consider to drop. Saving Changes...
I hold eight certifications of which the six PMI ones require renewal. As I edge closer to retirement, I will certainly be looking to avoid renewal costs so long as PMI does not offer a multi-certification discount or similar scheme. I'd likely keep my PMP and DAC but drop the PMI-RMP, PMI-ACP, DASSM & DAVSC.
Rami Kaibni , Thanks for sharing your thoughts. I feel the same and completely understand your feelings. Personally, I consider it a privilege to hold PMI credentials, and there is definitely a lot of effort to put into it. Among all the credentials that I hold, one organization I feel more connected with is PMI. Not only because the exam for the credential is challenging and well-designed, but also through my various experiences with PMI staff and interaction within the community, I feel PMI is truly doing a wonderful job for all their services. It continuously provides updated and great content relevant to the industry, and there is much to explore on PMI websites. Therefore, I plan to take up one more PMI-PBA later on this year when I think it is a better time for my financial planning. The only issue is not only the membership fee and exam fee that are not cheap, but also the accumulated renewal fees. For me, any PMI certification means a lot and is an important milestone. I even think about someday if I retired, I hope I can feel proud to tell people about the path to excellence along my PMI journey. Therefore, there is even once I contacted PMI CS and feedback that is there anyway we keep our credential as “Outdated” without removing it from the PMI credential holder list if someday we are retired without any stable incomes. I definitely know there is a “retired membership”, yet that requires a payment to maintain as well. I guess those who ever put efforts into exploring the realms of project management with PMI will feel the pain of those credentials being removed easily just because of financial constraints, instead of continuous participation. I see PMI as my lifelong community, therefore I wonder if there is anything we can do for the following:
1. Have a more “friendly” PMI renewal fee for multiple PMI certification holders. I believe this will also encourage more people to keep learning and get certified, creating a win-win situation for candidates and PMI.
2. Consider "not removing" the PMI badges or credential holder list from people who are not renewing their badges. Instead, use the word “outdated”. There is a lot of effort put in, and sometimes it is not an easy decision to not renew those credentials, especially when so much effort has been put in, which serves as a milestone not only in career or learning, but also a milestone for life as well.
Someday when I'm old and retired, and when I look back, even if I'm no longer working without any financial income, maybe at that time I am no longer a PMI member or stop renewing those certifications. I still hope I can feel proud to share about my achievements with my future grandchildren or people around me and encourage them to adopt a continuous learning spirit, and if possible, learn and explore more about project management as an important life skill.
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1 reply by Rami Kaibni
Apr 16, 2024 5:45 PM
Rami Kaibni
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Danny, it's nice to think long term and for sure one would feel so proud with all those investments (Professional Development is the new form of investment in oneself) especially as they grow older.
I am sure you will bring this up during your discussion with Joe.
Regarding badges, if you don't renew your credential, you will lose the status, but the badge won't be removed from your Credly account and it will just show "Expired" in red beside it which is equivalent to "Outdated".
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Apr 16, 2024 5:38 PM
Replying to Danny PMP, PgMP
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Rami Kaibni , Thanks for sharing your thoughts. I feel the same and completely understand your feelings. Personally, I consider it a privilege to hold PMI credentials, and there is definitely a lot of effort to put into it. Among all the credentials that I hold, one organization I feel more connected with is PMI. Not only because the exam for the credential is challenging and well-designed, but also through my various experiences with PMI staff and interaction within the community, I feel PMI is truly doing a wonderful job for all their services. It continuously provides updated and great content relevant to the industry, and there is much to explore on PMI websites. Therefore, I plan to take up one more PMI-PBA later on this year when I think it is a better time for my financial planning. The only issue is not only the membership fee and exam fee that are not cheap, but also the accumulated renewal fees. For me, any PMI certification means a lot and is an important milestone. I even think about someday if I retired, I hope I can feel proud to tell people about the path to excellence along my PMI journey. Therefore, there is even once I contacted PMI CS and feedback that is there anyway we keep our credential as “Outdated” without removing it from the PMI credential holder list if someday we are retired without any stable incomes. I definitely know there is a “retired membership”, yet that requires a payment to maintain as well. I guess those who ever put efforts into exploring the realms of project management with PMI will feel the pain of those credentials being removed easily just because of financial constraints, instead of continuous participation. I see PMI as my lifelong community, therefore I wonder if there is anything we can do for the following:
1. Have a more “friendly” PMI renewal fee for multiple PMI certification holders. I believe this will also encourage more people to keep learning and get certified, creating a win-win situation for candidates and PMI.
2. Consider "not removing" the PMI badges or credential holder list from people who are not renewing their badges. Instead, use the word “outdated”. There is a lot of effort put in, and sometimes it is not an easy decision to not renew those credentials, especially when so much effort has been put in, which serves as a milestone not only in career or learning, but also a milestone for life as well.
Someday when I'm old and retired, and when I look back, even if I'm no longer working without any financial income, maybe at that time I am no longer a PMI member or stop renewing those certifications. I still hope I can feel proud to share about my achievements with my future grandchildren or people around me and encourage them to adopt a continuous learning spirit, and if possible, learn and explore more about project management as an important life skill.
Danny, it's nice to think long term and for sure one would feel so proud with all those investments (Professional Development is the new form of investment in oneself) especially as they grow older.
I am sure you will bring this up during your discussion with Joe.
Regarding badges, if you don't renew your credential, you will lose the status, but the badge won't be removed from your Credly account and it will just show "Expired" in red beside it which is equivalent to "Outdated".
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1 reply by Danny PMP, PgMP
Apr 16, 2024 5:53 PM
Danny PMP, PgMP
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Rami Kaibni , thanks for the kind words. When it comes to the “outdated” badges, being listed on a third-party site like Credly versus being listed on the PMI site can carry different meanings. It would be wonderful if those badges could always be listed, just like our micro-credentials on the PMI website. This way, the association with PMI remains forever, even if the badge itself becomes ‘outdated.’ Once a PMI member, the ‘PMI values’ stay with us indefinitely.
Kiron Bondale , appreciate for sharing your thought. Will take it as a reference.
A side story: I’ve prepared PowerPoint slides for a presentation at my local chapter next month, titled “Path to Excellence: PMI Learning Journey”. I believe this title encapsulates my deep love for project management, continuous learning, and the PMI community. These values, including the ‘PMI values,’ are embedded and hold significant importance in my life. I suppose that concludes how significant PMI's role is in my life.
Danny, it's nice to think long term and for sure one would feel so proud with all those investments (Professional Development is the new form of investment in oneself) especially as they grow older.
I am sure you will bring this up during your discussion with Joe.
Regarding badges, if you don't renew your credential, you will lose the status, but the badge won't be removed from your Credly account and it will just show "Expired" in red beside it which is equivalent to "Outdated".
Rami Kaibni , thanks for the kind words. When it comes to the “outdated” badges, being listed on a third-party site like Credly versus being listed on the PMI site can carry different meanings. It would be wonderful if those badges could always be listed, just like our micro-credentials on the PMI website. This way, the association with PMI remains forever, even if the badge itself becomes ‘outdated.’ Once a PMI member, the ‘PMI values’ stay with us indefinitely.
Kiron Bondale , appreciate for sharing your thought. Will take it as a reference.
A side story: I’ve prepared PowerPoint slides for a presentation at my local chapter next month, titled “Path to Excellence: PMI Learning Journey”. I believe this title encapsulates my deep love for project management, continuous learning, and the PMI community. These values, including the ‘PMI values,’ are embedded and hold significant importance in my life. I suppose that concludes how significant PMI's role is in my life.
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1 reply by Rami Kaibni
Apr 16, 2024 5:59 PM
Rami Kaibni
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I see your point, Danny and I also like title of your presentation, very catchy. Good Luck with the presentation!
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Apr 16, 2024 5:53 PM
Replying to Danny PMP, PgMP
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Rami Kaibni , thanks for the kind words. When it comes to the “outdated” badges, being listed on a third-party site like Credly versus being listed on the PMI site can carry different meanings. It would be wonderful if those badges could always be listed, just like our micro-credentials on the PMI website. This way, the association with PMI remains forever, even if the badge itself becomes ‘outdated.’ Once a PMI member, the ‘PMI values’ stay with us indefinitely.
Kiron Bondale , appreciate for sharing your thought. Will take it as a reference.
A side story: I’ve prepared PowerPoint slides for a presentation at my local chapter next month, titled “Path to Excellence: PMI Learning Journey”. I believe this title encapsulates my deep love for project management, continuous learning, and the PMI community. These values, including the ‘PMI values,’ are embedded and hold significant importance in my life. I suppose that concludes how significant PMI's role is in my life.
I see your point, Danny and I also like title of your presentation, very catchy. Good Luck with the presentation! Saving Changes...