Would you like to take your Project Managementnprofession to another level? Are you wondering about which certification tonpick among PRINCE2® and PMP®?
If you are in the Project Management discipline or have always dreamt of plunging yourself in this succeeding field, you have most likely pondered about what steps you are supposed to make to acquire these certifications to propel your career.
Recognized as the most significant industry-perceived certificate for project managers, PRINCE2® 2017 certificate focuses upon customizing the strategy according to the needs and wants of the associations and Project Management conditions. Whereas PMP® certificate emphasizes on boosting the earning capacity of a person while profiting the businesses
Both the PRINCE2® and PMP® (Project Management Professional) credentials are extremely respected in this discipline and can approve your businesses in comprehending the vital Project Management ideas and how to apply them all through the Project Management life process.
Moreover, both certificates offer a pool of great opportunities to move forward in your Project Management career.
So that makes us wonder: which course is "ideal" for you?
It’s not a cup of tea to make this decision,nbut don't worry– we have done the homework for you!
This article will offer a rundown of PMP®nVS PRINCE2® certifications, vital advantages and career prospects forneveryone.
Continue with the article to settle on the ideal decision!
Firstly, let’s talk about both the certifications in brief:
One of the extremely reputed certifications for project managers in the field of Project Management is the Project Management Professional Certification(PMP®). It is a certification program that is being provided by the Project Management Institute. Various organizations utilize PMP® as a standard prerequisite for project managers. Turning into a PMP® enables you to work with any technique or strategy in any enterprise.
The certification program includes a huge range of Project Management methodologies and core competencies that are vital and important for any project manager and can help boost your earning capacity. This certification, regulated by PMI in the USA, has also earned popularity in Asia and Europe.
Qualification of PMP®
The Projects in Controlled Environments or PRINCE2® credential is a procedure-rooted Project Management technique that delivers a standard way of conveying an effective task with procedures, clear formats, and steps. The course is both procedure and task-oriented. PRINCE2® certification is controlled in the UK by the APMG.
Qualification of PRINCE2®
Before moving on to the parameters, let'snbriefly differentiate PRINCE2® VS PMP® certifications on the basis ofnkey points:
Basis ofn Difference (BOD) | PMP® Certification | PRINCE2® Certification |
Certificationn Bodies | The PMP® certification is administered by PMI®, based in the United States (US). | The PRINCE2® certification is administered by AXELOS®, based in theUnitedKingdom (UK). |
Methodology | It emphasizes the knowledge that helps us to handle a project with great practices. | Its Project Management techniques control your actions to head successful projects. |
Approach | It uses an explanatory framework that describes the knowledge zones, including uncertainty, time management, and many more with respect to great practices. | It uses an interpretation framework that stresses on procedures for initiating, controlled implementation, and closure of the projects. |
Content | Every topic/information area included in the PMP® course can be referred to in segregation, in a sort of attachment and play model. | It includes a combined set of procedures and topics, which can’t be utilized in segregation. It includes 7 conventions that ought to be followed. |
Focus | PMP® majorly focuses on the project manager’s part. | PRINCE2® certification focuses on all the project roles distinctly. |
Flexibility | PMP® doesn’t provide flexibility as it centres on knowledge zones. | PRINCE2® empowers the system to be extremely adaptable and flexible with its special idea of ’Tailoring Mode’. |
Both courses provide a body of information and a demonstrated methodology towards executing projects successfully and productively. There are various parameters that lead to your choice of selecting either PRINCE2® or PMP® accreditation.
If you want to acquire one of thesencertificates, it is significant that you explore and do research before younstart to stroll down one way versus the other.
Every course is more popular in specificnlocations, so you have to figure out which course out of two will improve yournemployment capacity.
The PRINCE2® and Project Management Professional (PMP) ® courses have got discrete demands across various nations. Although, the acknowledgment of these courses varies from industry to industry depends upon the geological areas.
Moreover, a couple of industrial sectorsnincline towards PRINCE2® certification more, while others lean towardnthe PMP® course.
The demand for both the courses is listed in the following table:
The PMP® accreditation is favoured in the USA, Middle East, Canada, and Australia while the PRINCE2® certification is preferred in the UK, Australia, and Europe.
Both courses demand candidates to satisfyncertain requirements that vary in specific manners.
To start with, the prerequisites or requirements for PMP® certification requires a couple of credentials to be accomplished dependent on the degree that you possess.
The criteria are explained below:
1. candidates possessing an associate’s degree, high school diploma or global equivalent;
Least 5 years or 60 months of experience in exclusive non-overlapping professional Project Management
2. Candidates possessing a 4-year degree;
NOTE: On the contrary, the PRINCE2® course doesn’t require the candidates to satisfy any requirements. Although, you should hold a PRINCE2® Foundation certificate as essential to take up the PRINCE2® Practitioner affirmation.
It is vital for a contender to comprehend the examination format before giving an exam for any certification course. PRINCE2® and PMP® certifications have distinct examination formats dependent on the least score required, number of questions, and the time given for answering the sheet.
The differences are listed below:
Categories | PMP®n Certification | PRINCE2®n Foundation | PRINCE2®n Practitioner |
Minimum scores required to pass the exam | Decided by the difficulty level of the papern | 33 out of 60n | 38 out of 68n |
Time allotted | 4 hoursn | 1 hourn | 2.5 hoursn |
Exam Fee | $405 (across the world for PMI professionals)n $555 (across the globe for non-PMI professionals)n | £ 236.00 (India)n | £ 389.00 (India)n |
It's so comfortable to take an examination innyour mother tongue, isn't it?
PRINCE2® Practitioner and PRINCE2® Foundation exams are regulated in a couple of global dialects.
On the other hand, the PMP® certification exam is globally conducted in the English language but offers language aids to 14 worldwide dialects namely, French, Arabic, Portuguese, Brazilian, Polish, Chinese (Simplified), Chinese (Traditional), Hebrew, German, Korean, Russian, Italian, Japanese, Turkish, Spanish, and many more.
You can select from among 6 dialects to show up for your PRINCE2® Practitioner and PRINCE2® Foundation certification. They are:
PRINCE2® and PMP® certifications are administered by two different certified bodies. PMP® is controlled and administered by the Project Management Institute (PMI)®, on the other hand, PRINCE2® is regulated by AXELOS.
With different regulatory bodies, the examnapplication process for both the courses also differs from one another.
Once you have satisfied the set eligibilityncriteria, you are required to apply for both the examinations by filling thenapplication.
The process is as follows:
Step 1: Register for Project Management Institute (PMI) membership at their official website.
Step 2: Complete all the steps of the OnlinenApplication.
Step 3: Wait for the Confirmation Receipt, oncenyou’re done completing your application.
Step 4: After the confirmation, wait for thenacceptance of your application, until you get audited.
Step 5: If your application gets approved, make yournOnline Payment.
Step 6: Book your examination centre or venue.
Step 7: You’re ready to take the examination.
Both PRINCE2® and PMP® certifications are rational for three years. However, there are various criteria that you are required to follow so as to keep up with both the certifications.
You are required to earn 60 PDUs by satisfying the educational prerequisites and deploying back in the profession to keep up with your PMP® certification at regular intervals.
Turning into a PMI® member simplifies your procedure of maintaining your required PDUs through its unique seminars, workshops, and study materials. For that, you have to pay $139 to turn into a PMI® member, while the yearly renewal fee for the same is $129.
Besides, you can keep up with your PRINCE2® Practitioner certification by either appearing for the exam again or by buying into "My PRINCE2®". You are required to fulfil the following standards within the period of three years to maintain your certification:
Getting familiarized with the examinationnpattern is the initial step in preparation for the examination. But for thenreal exam preparation, you should make a comprehensive timetable based on thentime and syllabus you're left with.
However, merely making plans won't work,nsticking to it, is an absolute necessity for the successful execution of thenexam. So, for your ease, I have included a rough framework of preparation timenrequired for both the certification examinations.
The ultimate goal of every person is to earnnmore and more money. The thriving element that drives the individuals to takenthese accreditations is the salary parameter.
Below we have summed up the average salaries for experts possessing the courses between PRINCE2® and PMP®.
The biggest difference between the PRINCE2® Practitioner examination and the other two exams is that the former exam’s questions are formed on the basis of the "Scenario".
The examination pattern explains a task and you are required to attempt and answer those questions based on the given scenario. The rest of the other two examinations is a combination of normal conceptual or abstract based questions that are entirely autonomous.
Clearing the PRINCE2® Foundation examination is the simplest among these three certifications. The PMP® and the PRINCE2®Practitioner examinations are at a similar level. Still, many individuals consider the PMP® examination bit tough, while others consider the PRINCE2® Practitioner exam harder.
When you join a certificate course, it wouldn100% benefit you in some way or the other. Furthermore, it assists you withnselecting amongst both the courses that fit your ideal career path.
Both the courses expect you to possess a sufficient amount of knowledge, experience, and understanding about the subject to proceed with your certification journey flawlessly. Hence, you must have a good amount of knowledge and experience to undergo PRINCE2® and PMP® certifications effectively.
According to the certified body of PMP® (PMI®), the course must be opted by the experienced and knowledgeable Project Managers who meet the following requirements:
Whereas, the PRINCE2® Foundation certification course can be opted by such candidates:
On the other hand, the PRINCE2® Practitioner certification can be opted up by the candidates:
PMP® certification is associated with the experience andnknowledge essential to effectively handle a project and its execution.
Whereas, PRINCE2® certificationnconcentrates majorly on the procedures and the structure to execute particularnkinds of projects in controlled conditions effectively.
Thus, it is recommended that can go for bothnthe courses as it helps in the skill development of the professionals.
Since you know a lot more about PRINCE2® andnPMP® certification courses now, in the following segment, I will deal withnthe most burning questions, spinning in your head, right from the beginning ofnthis article.
As I have already discussed both the certifications and their significance in the field of Project Management. Hence, you can choose either of them to give your career a boost.
However, before you pick your course, therenare a couple of prominent parameters that you have to consider first:
Once you list out all your priorities on thenbasis of these parameters, I assure you that your answer to this question willnget perfectly clear.
This brings us to the closure of this articlenon PRINCE2® VS PMP®. And have included all the necessary details aboutnthe two certifications in the blog. I hope, I conveyed a crystal-clear conceptnof both the courses and help you to choose which course to opt for.
ON A CONCLUDING NOTE
Including a Project Management accreditationnto a project manager's profile would enhance various career prospects and wouldnimprove employability. These certifications would improve your capabilities andnskills to elevate your project performance while upgrading your career.
PRINCE2® and PMP® certifications are established all over the globe as a ProjectnManagement structure for project managers. Both these credentials' motivenis to upgrade the performance of the project managers and ultimately thenaccomplishment rate.
Although, the certifications go along with twondifferent modes.
I hope this blog would help you to pick the ideal and right Project Management certification course to enhance your career prospects.
Good Luck! :)
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