Then WEXP + BDEG+ MDEG + ARTH + EXAM + ATCA = PSCOR, where the PSCOR is equal to the cumulative calculated value of all the variables.
To demonstrate the scoring model, the following illustrates how two of the credentials were scored: PMI's PMP (since it is the most ubiquitous) and the top ranked C3PM by AACE. Exactly the same set of calculations was performed on all the other credentials.
PMI's PMP Relative Professional Score Calculations
AACE's C3PM Relative Professional Score Calculations
Is this model perfect? No, of course not, nor was it expected to be. Nevertheless, it does represent a first attempt to create an independent scoring model that enables consumers and organizations alike to evaluate the various credentials one to another. For those organizations wishing to update or to add new credentials, it should help those making decisions about how to position themselves to fill niches or to aid in continually improving existing credentials.
6. This value was taken from the published requirements on the various certification websites and/or downloadable .pdf files.
7. For the purposes of this experiment, the assumptions used in calculating BDEG were:
1) The average project management undergrad degree required 130 credit hours for graduation;
2) That for each 3 credit hours, 40 hours of class time was required;
3) That for each 40 hours of class time, 2 hours of homework, research, writing or outside work was required by the student.
8. For the purposes of this experiment, the assumptions used in calculating MDEG were that:
1) For graduation, the average project management graduate degree required 36 credit hours;
2) For each 40 hours of class time required 3 credit hours; as well as
3) 3 hours of homework, research, writing or outside work required by the student.
9. As only PMI requires training prior to taking the PMP exam and because that training can be fulfilled by simply studying books of sample questions or listening to a podcast, we did not count it as being equal to academic course work and therefore counted the hours only, with no outside or additional effort. (See exam prep effort below)
10. Based on inputs received from several sources and based on firsthand experience, we assumed 30 hours of preparation for each hour of exam. For the PMP only, we deducted the required 35 hours from the total. (4 x 30 = 120 -35 = 85)
11. For a copy of the spreadsheet, please contact the author and see Sheet 2, Column R
12. Ibid, see spreadsheet Sheet 2, Column B