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PMP certification- how valuable is this certification for Project managers?

I have alot of  IT Project management experience, over 7 years total, and am considering the PMP certification. How valuable is this certification?
The application process seems to be very tedious as well.
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Estter
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Estter
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rowansmithCommented:
The certification is highly valuable.  If you want to go out on your own contracting etc

Make the time and do the exam, especially if your employer will pay for you to do it.

Two Cv's side by side, both 7 years experience doing project management, one has PMP the other dosn't, which would you choose?  I would always choose the one with PMP, it is the differentiator and it shows an individual has extended themselves by learning a formal project management methodology.  No one cares if you do the methodology end-to-end they care that you know the best practice and that you can define your own methodology based on that best practice.

-Rowan
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EstterAuthor Commented:
Thank you
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