PMP® Vs. PRINCE2®

Do you want to take your career in project management to the next level? Wondering which one to choose between PMP® and PRINCE2® certification? Recognized as the premier industry recognized certification for project managers, PMP® plays an important role in enhancing an individual's earning potential, while also benefiting employers. While PRINCE2® 2017 certification emphasizes tailoring the method to the needs of organizations and project management environments. That is why both certifications contain unique elements that align with your professional development.

While both certifications provide a plethora of opportunities for advancement in your project management career, they are offered by two different agencies, PMI® and AXELOS. This blog will help you differentiate between PMP® and PRINCE2® certifications based on different parameters and will allow you to decide which certification will help you to proceed with your project management journey.

Difference between PMP® and PRINCE2® certifications

There are two different project management frameworks involved in the PRINCE2® and PMP® certifications. Before we get to the differences, let's compare both certifications:

The owner of PRINCE2 ® certification is AXELOS ®, United Kingdom. PMI® based in the United States administers the PMP® exam.

The project management methodology explains your actions to manage successful projects. It is about the knowledge that enables you to manage a project with good practices.

It implements a perspective framework that focuses on processes for starting, executing and closing projects in a controlled manner. It uses a descriptive framework in which the areas of knowledge, such as risk, time management, etc., are explained in detail using good practices.

It consists of an integrated set of processes and themes, which cannot be used separately. There are 7 principles to follow. Each subject / area of ​​expertise involved in PMP® can be listed separately, in a kind of plug-and-play model.

PRINCE2 ® clearly defines all project roles. PMP ® mainly focuses on the role of the project manager.

PRINCE2 ® enables the framework to be highly scalable and flexible with its unique concept of 'Tailoring Approach'. PMP ® does not offer as much flexibility when it focuses on areas of knowledge.

Both certifications provide a wealth of knowledge and a proven approach to efficiently manage projects. There are many factors that have led you to choose PMP® or PRINCE2® certification. The parameters can be distinguished as follows:

1. Requirements

The first difference can be drawn between PMP® and PRINCE2® certification based on the requirements. Both certifications require the candidates to meet certain conditions that differ in certain ways.

 

To begin with, the requirements for PMP ® certification require that a few credentials be obtained based on the degree you hold. The same can be explained as follows:

A) For candidates with a high school diploma, associate's degree or the global equivalent

Minimum of five years / 60 months of unique non-overlapping professional project management experience

You must have 60 months of experience in unique non-overlapping professional project management.

You must spend 7,500 hours leading and managing projects.

You must have completed 35 hours of project management training.

B) For candidates with a four-year course

You must have 36 months of experience in unique non-overlapping professional project management.

You must lead and direct 4,500 hours of projects.

You need 35 hours of project management training.

On the other hand, the PRINCE2 ® Foundation certification does not require the final students to meet any prerequisites. However, you must hold a PRINCE2® Foundation certification as a prerequisite to obtain the PRINCE2® Practitioner certification.

2. Question between countries

The Project Management Professional (PMP) ® certification and PRINCE2 ® certification have separate requirements in different countries. Furthermore, the acceptance of these certifications varies from industry to industry based on geographic location.

The popularity of both certifications can be shown in the form of the following table:

Region / country 1st preference 2nd preference

Europe PRINCE2 ®

America PMP® PRINCE2®

Asia PRINCE2® / PMP® PRINCE2® / PMP®

Africa PRINCE2® / PMP® PRINCE2® / PMP®

Australasia PRINCE2® PMP®

Middle East PRINCE2® / PMP® PRINCE2® / PMP®

3. Who must apply for the PMP® or PRINCE2® certification?

For any certification you must have a certain amount of experience and know niche to continue your certification journey. Likewise, you are expected to have a certain amount of experience and knowledge to undertake PMP® and PRINCE2® certification.

 

So, who should go for PMP ® certification? According to PMI®, PMP® certification must be performed by experienced project managers who meet the following requirements:

They must be able to perform under general supervision and assume responsibility for all aspects of a project throughout the life of the project.

They must be able to lead and manage multi-functional teams to deliver projects within the constraints of schedule, budget and resources.

They must demonstrate sufficient knowledge and experience to properly apply a methodology to projects that have a reasonably well-defined project requirement and can be delivered.

Alternatively, the PRINCE2® Foundation certification can be taken up by:

Individuals who intend to demonstrate their knowledge of the PRINCE2 ® methodology.

Individuals who work effectively as part of a team or with a project management team within a PRINCE2 ® supportive environment.

Whereas the PRINCE2® Practitioner certification can be obtained by:

Individuals who intend to demonstrate their acquired knowledge of the ways to apply and adapt the PRINCE2 ® methodology in a scenario.

4. Advantages: PMP® Vs. PRINCE2 ® certification

Advantages: PMP® Vs. PRINCE2® certification

Once you get a certification, it would definitely benefit you in some way. Each certification benefits you in one way or another. It further helps you to choose between the certifications that suit your desired career path.

The benefits of taking a PMP® certification can be listed as follows:

1. Helps in the growth of your career

As an internationally accredited certification, obtaining a PMP ® certification will help you become recognized in global business. Plus, it helps you network with both those pursuing PMP ® certification and those who are already PMP ® certified. This increases your chances of a better job leading to your career growth and higher salary.

2. Make you more skilled

You have to undergo rigorous training to get PMP® certified. It helps you learn project management from A to Z by being trained and educated in the five project management processes including planning, initiating, implementing, monitoring and controlling.

3. Improves your market value

Increase your opportunities to partner with international organizations operating in different parts of the world by adding a PMP ® certification to your profile. Furthermore, the project management forums and discussion forums help you master your expertise with various tips and additional knowledge.

4. Increases your income

Once you become a PMP® certified professional, you can expect a higher pay or a good walk. PMI's Project Management Salary Survey shows that the PMP® certified professionals have the advantage of earning 20% ​​more than their non-certified counterparts.

The main benefits of PRINCE2 ® Foundation and PRINCE2 ® Practitioner certifications differ based on the learning outcomes of both certifications. The main benefits of PRINCE2® Foundation certification are as follows:

Gain valuable skills

Get equipped with a certification of high demand in project management.

Understand the PRINCE2 ® method

Work efficiently as a member of a team operating within a PRINCE2 ® environment by learning best practices.

Prepare for the future

You must obtain your PRINCE2® Foundation certification to advance to the higher levels of Project Management certifications, such as PRINCE2® Practitioner and PRINCE2® Agile.

While the main benefits of PRINCE2® Practitioner certifications can be listed as:

1. Equip with better skills

By obtaining a PRINCE2® Practitioner certification, you can achieve a project management credential that is in high demand.

2. Learn to apply and customize PRINCE2 ®

PRINCE2® Practitioner certificate helps you to understand and learn to apply custom as well as PRINCE2® methodologies in different project environments and scenarios.

3. Growth in your career

Open the doors to advance your project management career by equipping yourself with PRINCE2® Practitioner certification.

Visit Also: Prince2 Agile

5. Available languages ​​for PMP® and PRINCE2® certification

Isn't it comfortable to write an exam in your local language? PRINCE2® Foundation and PRINCE2® Practitioner exams are conducted in a few international languages, while the PMP® certification exam n is administered in English, but provides language assistance for 14 international languages.

Choose from 6 languages ​​to appear for your PRINCE2® Foundation and PRINCE2® Practitioner certification. They are:

Available languages ​​for PMP® and PRINCE2® certification

Dutch

English

French

German

Norwegian

Polish

While PMP® exams are conducted in English all over the world. However, it provides the candidates with language resources in 14 languages ​​namely, Arabic, Brazilian Portuguese, Chinese (Simplified), Chinese (Traditional), French, German, Polish, Hebrew, Italian, Japanese, Korean, Russian, Spanish and Turkish. .

6. Exam format

It is important for a candidate to understand the exam format before taking a certification exam. PMP® and PRINCE2® certifications have different survey format based on the number of questions, minimum score, and the time allotted for answering the questions. The difference can be summed up as:

Categories PMP® PRINCE2® Foundation PRINCE2® Practitioner

The minimum score to pass the exam Determined by the difficulty of the questions. 33 out of 60 38 out of 68duration of the study 4 hours 1 hour 2.5 hours

exam fee $ 405 (worldwide for PMI members)

$ 555 (worldwide for non-PMI members) £ 236.00 (India) £ 389.00 (India)

7. Exam request

PMP® and PRINCE2® certifications are owned by two different entities. PMP® is owned by the Project Management Institute (PMI )®, while AXELOS owns PRINCE2®. The application procedure for both certifications also differs from each other for different owners.

Once you have concluded that you meet the eligibility criteria, you must apply for the PMP exam.

 

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