The question is difficult to answer, as individual experience might vary. The hiring manager will most likely put far more emphasis on previous experience and accomplishments and the relevance of experience for current job. PMI has come up with a good list of top 10 reasons for PMP certification. The credential is very well recognized in Project Management field and will add value to resume and profile. However, it would be difficult to put a definite ROI figure.
- Going for PMP might prove be an advantage in certain situations. If you have long Project Management career ahead of you, the investment might be worth it.
- Relevant Experience and other related factors are still the most important factors for hiring managers. PMP can help if choice is between similar candidates.
- If Competition is high, PMP could be used as screening factor. Only PMP holders might move to next round.
- If the job requirements are not clear or if hiring team does not have much Project Management experience, they might put lot of weight on PMP and training to be safe.
- PMP (PMBOK) provides a common language for project management. Projects generally involve people from different departments, countries, companies (vendors, customers). Having a common language helps reduces chance of misunderstanding and miscommunication.
