PRINCE2 VS PMP. Choose the Right Certification for Project Management

By Tech-Act    
09/24/2020  1074 Views

Prince2 Vs PMP

The idea of making a career in Project Management has attracted many enthusiasts over the past few years; as a matter of fact, it offers various benefits like great exposure, good compensation and many more. Also, along with rapid changes in the overall functioning of the industries & sectors, the demand for Project Management Professionals have also increased significantly over the past few years.

To have an added advantage over the other Project management professionals, it is advisable and mandatory to get certified. In the process of choosing the certification, many factors need to be considered like your company’s requirement, salary prospect, and career vision along with the gained experience over the years.

However, many of us have several thoughts while choosing the certification, since a good number of options are available in market. So, let me put an end to your thoughts by giving you detailed explanation about two certifications that is PRINCE2 vs. PMP (Project Management Professional).

Both these certifications have their own advantages to be looked at. While explaining about the two, will also let you know our thoughts about them.


What is PRINCE2?

PRINCE2 stands for “Project in Controlled Environment” and is owned by Axelos, UK. It is a process-based methodology for projects.

PRINCE2 integrates with some of the very well-known IT frameworks making it more suitable for the IT driven culture. Prince2 shows how to tailor the approach for various and complex projects to meet today’s fast pacing work environment like Agile & Lean.

PRINCE2 offers various certifications like PRINCE2 2009, PRINCE2 2017, PRINCE2 Agile, Agile Shift, MSP, M_o_R, P3O, MoP, MoV, ITIL, RESILIA. PRINCE2 2009 certification offers three levels i.e. Foundation, Practitioner & Professional. PRINCE2 Foundation & PRINCE2 Practitioner are pursued on a large scale globally.


What is PMP?

Project Management Professional (PMP) is indeed a very popular certification and it is administered by Project Management Institute (PMI). It is very much popular in countries like USA, Africa & Australia.

PMP is one of the gold standards of certification in Project Management. It validates ones knowledge and experience in project management which makes oneself more confident and competitive in the market.

PMP exam is primarily based on PMBOK. PMI offers other certifications as well like PgMP, PfMP, CAPM, PMI-PBA, PMI-ACP, PMI-RMP, PMI-SP.


Difference Between PMP and PRINCE2

Which certification between PMP and PRINCE2 is better? Should I opt for PMP or PRINCE2? Are these thoughts bothering you? Then, let me give you clarity on your thoughts.

Difference-Between-PMP-and-PRINCE2


Check out the below mentioned pointers to understand the difference between PRINCE2 VS PMP.

  • The methodology used in PRINCE2 is process based whereas PMP is more of knowledge based.
  • For PRINCE2, there is an official manual that is” Managing successful projects with PRINCE2”. Whereas for PMP, PMBOK is considered as a bible and the exam is majorly based on PMBOK (Project Management book of Knowledge).
  • For PRINCE2, the framework is based on the best current practices in the project environment. For PMP, it is descriptive and framework is based on knowledge areas like cost, risk factor etc.
  • PRINCE2 is an integrated set of themes & processes with 7 mandatory principles.
  • PMP has a knowledge-based approach to project management.
  • The manager working with PRINCE2 methodology has to answer questions like “What”, “When” & “Who”. Wherein PMP project manager thinks and works on “How”.
  • Customer requirements drive PMP, whereas PRINCE2 is driven by Business Case.

Industry Demand for Project Management Professionals

Whether you choose PRINCE2 or PMP certification completely depends on your job profile and project requirements, and for which industry you are working and the region you are operating.

PRINCE2 is widely popular in the UK and most of the European parts. PMP is majorly in the US, Canada, and Asian regions.

Industry-Demand-for-Project-Management-Professionals


Conclusion

When, we discuss about the two certifications both carry their respective weightage in the field of Project Management. Anyone who wants to excel in as Project Management Professional, one must attain both the exposure as the blend of method and knowledge can uncover the best practices in the project management.

So, to be honest PRINCE2 and PMP are not competitors rather we can say that together they are terrific combination. So don’t think much, just go for the combo pack to advance your career and to open the door of opportunities at a global level.


All the best!


Interested in a career in Project Management? You can check here the Top Skills Every Good Project Manager Needs


The idea of making a career in Project Management has attracted many enthusiasts over the past few years; as a matter of fact, it offers various benefits like great exposure, good compensation and many more. Also, along with rapid changes in the overall functioning of the industries & sectors, the demand for Project Management Professionals have also increased significantly over the past few years.

To have an added advantage over the other Project management professionals, it is advisable and mandatory to get certified. In the process of choosing the certification, many factors need to be considered like your company’s requirement, salary prospect, and career vision along with the gained experience over the years.

However, many of us have several thoughts while choosing the certification, since a good number of options are available in market. So, let me put an end to your thoughts by giving you detailed explanation about two certifications that is PRINCE2 vs. PMP (Project Management Professional).

Both these certifications have their own advantages to be looked at. While explaining about the two, will also let you know our thoughts about them.


What is PRINCE2?

PRINCE2 stands for “Project in Controlled Environment” and is owned by Axelos, UK. It is a process-based methodology for projects.

PRINCE2 integrates with some of the very well-known IT frameworks making it more suitable for the IT driven culture. Prince2 shows how to tailor the approach for various and complex projects to meet today’s fast pacing work environment like Agile & Lean.

PRINCE2 offers various certifications like PRINCE2 2009, PRINCE2 2017, PRINCE2 Agile, Agile Shift, MSP, M_o_R, P3O, MoP, MoV, ITIL, RESILIA. PRINCE2 2009 certification offers three levels i.e. Foundation, Practitioner & Professional. PRINCE2 Foundation & PRINCE2 Practitioner are pursued on a large scale globally.


What is PMP?

Project Management Professional (PMP) is indeed a very popular certification and it is administered by Project Management Institute (PMI). It is very much popular in countries like USA, Africa & Australia.

PMP is one of the gold standards of certification in Project Management. It validates ones knowledge and experience in project management which makes oneself more confident and competitive in the market.

PMP exam is primarily based on PMBOK. PMI offers other certifications as well like PgMP, PfMP, CAPM, PMI-PBA, PMI-ACP, PMI-RMP, PMI-SP.


Difference Between PMP and PRINCE2

Which certification between PMP and PRINCE2 is better? Should I opt for PMP or PRINCE2? Are these thoughts bothering you? Then, let me give you clarity on your thoughts.

Difference-Between-PMP-and-PRINCE2


Check out the below mentioned pointers to understand the difference between PRINCE2 VS PMP.

  • The methodology used in PRINCE2 is process based whereas PMP is more of knowledge based.
  • For PRINCE2, there is an official manual that is” Managing successful projects with PRINCE2”. Whereas for PMP, PMBOK is considered as a bible and the exam is majorly based on PMBOK (Project Management book of Knowledge).
  • For PRINCE2, the framework is based on the best current practices in the project environment. For PMP, it is descriptive and framework is based on knowledge areas like cost, risk factor etc.
  • PRINCE2 is an integrated set of themes & processes with 7 mandatory principles.
  • PMP has a knowledge-based approach to project management.
  • The manager working with PRINCE2 methodology has to answer questions like “What”, “When” & “Who”. Wherein PMP project manager thinks and works on “How”.
  • Customer requirements drive PMP, whereas PRINCE2 is driven by Business Case.

Industry Demand for Project Management Professionals

Whether you choose PRINCE2 or PMP certification completely depends on your job profile and project requirements, and for which industry you are working and the region you are operating.

PRINCE2 is widely popular in the UK and most of the European parts. PMP is majorly in the US, Canada, and Asian regions.

Industry-Demand-for-Project-Management-Professionals


Conclusion

When, we discuss about the two certifications both carry their respective weightage in the field of Project Management. Anyone who wants to excel in as Project Management Professional, one must attain both the exposure as the blend of method and knowledge can uncover the best practices in the project management.

So, to be honest PRINCE2 and PMP are not competitors rather we can say that together they are terrific combination. So don’t think much, just go for the combo pack to advance your career and to open the door of opportunities at a global level.


All the best!


Interested in a career in Project Management? You can check here the Top Skills Every Good Project Manager Needs