If you are interested in becoming a CAPM, you might wonder about the cost of the process.
The answer to this question is complex.
The money required for the CAPM certification process varies from person to person. It is not a fixed cost and it depends on your requirements. However, I can give you an idea of the approximate cost of earning this certification.
Let’s start with the training cost.
PM Training Cost
This cost does not apply if you have at least 1,500 hours of project management experience; you can apply for the CAPM exam with no training.
You must attend a 23 contact hours training program in project management if you don’t have experience. In this case, attending the training is mandatory.
If you search for a 23 CAPM contact hours training program, you will find that there are only a few. Among those, even less are known for their quality.
You can visit the course provided below if you are looking for a CAPM training program. The cost of this program is the lowest available and the training provider is renowned.
The cost of the CAPM training can vary from 9.95-199 USD.
If money is not an issue, you can join any 35 contact hours training program for the PMP certification exam and then apply for the CAPM exam. It will give you more in-depth knowledge.
Also, if your CAPM certification is expired, you can apply for the PMP exam without attending any more training.
The cost of a 35 contact hours training program varies from 150 USD to 4,000 USD.
PMI Membership Fee
This is an optional investment.
I recommend that you join the PMI before applying for the exam. Membership offers you immense benefits.
The cost of the CAPM certification exam is 225 USD if you are a PMI member, and 300 USD if you’re not.
You have two more attempts if you fail the exam on your first. The re-examination fee is 150 USD for PMI members and 200 USD for non-members.
Cost of Reference Book
This includes the cost of the PMP reference books that you will use for the CAPM exam preparation.
The first book is the PMBOK Guide. You must study this book to understand the project management process flow. The CAPM exam is based on this guide, so read it as many times as you can.
This guide is free for you if you are a PMI member; otherwise, you will have to buy it. The cost of the PMBOK Guide on Amazon is 58.99 USD.
I have seen many people who do not refer to the PMBOK Guide. They find it too boring and instead based their preparation on other reference books and training materials.
Don’t do this. You will face problems on the exam if you ignore the PMBOK Guide.
It may bore you on the first read, but you will enjoy it once you understand it.
There are many CAPM exam reference books available for your exam preparation. One of the most famous books is Rita Mulcahy’s CAPM exam preparation book, which costs 89.00 USD.
I recommend that you refer to at least two good CAPM exam reference books. This will cost you around 150 USD.
Cost of Practice Questions
There are very few training providers that are offer CAPM simulators. The most well-known is Cornelius Fichtner.
You can buy this simulator for 69 USD and practice the sample questions.
The other costs include what you might spend on optional materials like flashcards, apps, formula guides, etc.
I will not give you a cost estimate for this section as the choices are numerous and there is a chance that you may not spend money here.
The other costs may include traveling, lodging, and food. I am also not including these expenses as they depend on your location and other choices. You will pay these expenses if you join a classroom training program that is not available in your location. You can avoid this cost by joining an online training program.
Now, it’s time to have a look at the total cost of this process:
So, if you have experience in project management, the cost may vary from 441.99 USD to 577.99 USD.
The cost may vary from 451.94 USD to 776.99 USD if you don’t have experience in project management.
You may have noticed that there is not much difference between the minimum and the maximum cost. This is because I have not included live classroom training programs. I recommend that you not choose any costly training for the CAPM certification.
* If you are a PMI member, you can download the PMBOK Guide for free. You can subtract the cost from the calculation.
** If you are a PMI member, the exam fee is 225 USD, otherwise, it is 300 USD.
Please adjust the cost if you are a PMI member. The PMI membership fee is 139.00 USD and the renewal fee is 129.00 USD.
The cost of attaining the CAPM varies between 441.99 USD and 776.99 USD. This may drastically increase if you choose a classroom training program. Since this certification is an entry-level qualification, I do not recommend you spend too much on it. Pass the CAPM exam, get experience, and then apply for the PMP exam, which is more valued, highly regarded, and offers you many more benefits.
Please note that the cost of the certification may go up or down depending on your preferences. The estimation given here is just for a rough idea.