For the past few years, Project management has been one of the most profitable and in-demand career options. The future is undoubtedly bright for the field, and it is not slowing down.
According to a PMI report, by 2027, there will be a demand for about 87.7 million project management-oriented roles.
If you are an aspiring project manager, choosing the right project management certification is an important decision. You are always trying to upgrade your skills, enhance your productivity, gain some experience, and mainly, get a certificate. Industry-recognized certifications give project managers a significant advantage over non-certified professionals.
Both the Project Management Professional (PMP) and PRINCE2 certifications hold a high reputation in the field. But the question is: which one is right for you? What are the factors to consider?
In this article, we cover an in-depth overview of PMP and PRINCE2 certifications, their differences, benefits, career prospects, and so much more. Read on to find out what is the right choice for your career.
Table of Content - Prince2 vs PMP |
Project management includes planning, organizing, motivating, and controlling the available resources to achieve the organization’s objectives. The challenge is to reach the project goals considering its scope, time, quality, and cost.
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PMP, which stands for "Project Management Professional," is a widely popular certification among project management professionals. The PMI (Project Management Institute) in Philadelphia, USA, is a not-for-profit membership association administered by PMP.
The PMBOK ( Project Management Body of Knowledge ) guide is called the "bible" for project managers worldwide. Its 6th edition was published in September 2017.
PRINCE2 stands for "PRojects IN Controlled Environments." Currently, Axelos, UK, owns the PRINCE2 certification.
PRINCE2 project management is a process-based methodology used for productive project management. Its official manual called "Managing successful projects with PRINCE2,” is helpful for practitioners.
The PMP project management framework process consists of the following steps:
The PRINCE2 project management framework process consists of the following steps:
Basis of Comparison | PRINCE2 | PMP |
Origin place | United Kingdom | The United States of America. |
Owner | Axelos, UK, owns PRINCE2. | The Project Management Institute (PMI), USA, administers PMP. |
Purpose in Project | PRINCE2 answers the | PMP answers the How? |
Management | What/When/Who questions of Project Management. | Questions of Project Management. |
Methodology | PRINCE2 follows a process-based methodology. | PMP follows a knowledge-based methodology. |
Exam guidelines | The PMI site has the PMBOK(Project Management Body of Knowledge) Guide's 6th edition. Also, it has standard and practice frameworks | |
Frameworks | PRINCE2 has a prescriptive framework based on the best practices in the project environment. | PMP has a descriptive framework based on knowledge areas like scope, schedule, cost, etc. |
Organization | PRINCE2 includes an integrated set of themes and processes. It also has seven mandatory principles. | PMP includes ten knowledge areas. It refers to mastering specific project management knowledge. |
Project roles | PRINCE2 has well-defined project roles | PMP emphasizes the role of a project manager. |
Location popularity | Widely popular in the UK, Australia, and most European regions. | Widely popular in the USA, Canada, Australia, Switzerland, and some parts of Asia. |
PMP certification is more complicated than PRINCE2. It requires a minimum of 7,500 hours plus a secondary degree. Alternatively, it requires 4,500 hours and a 4-year degree.
On the other hand, you can get the PRINCE2 Foundation certification by only passing the exam.
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The benefits include:
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The benefits include:
Let's look at the different certifications PRINCE2 offers.
PRINCE2 (2009) offers project management certifications at three levels.
The various certifications offered by PRINCE2 are:
Name
|
Description
|
PRINCE2 2009
|
Certification for Project Management
|
PRINCE2 2017
|
Certification for Project Management with customizations including Agile
|
PRINCE2 Agile
|
Certification based on an agile methodology to provide PM solutions
|
AgileSHIFT
|
Certification that provides an enterprise agility solution
|
MSP
|
Program Management Certification
|
M_o_R
|
Risk Management
|
P3O
|
Project, Program, and Portfolio
|
MoP
|
Portfolio Management
|
MoV
|
Value Management
|
ITIL
|
IT Service Management based on the ITIL framework
|
RESILIA
|
Cyber Resilience
|
The PMI reports state that we can expect significant job growth for project-oriented roles.
The below graph shows the statistics for the project-oriented job requirements by 2027 as compared to 2017.
Career prospects come with their challenges, which must be addressed by aspiring project managers. Therefore, it is quite clear that recognized certifications for project management are essential for a fulfilling career.
Related Article: Prince2 Interview Questions and Answers |
To apply for PMP certification, you must have:
There is another alternative set of prerequisites to apply for PMP certification:
There are no prerequisites required for Axelos. But having some project management experience and proper training is recommended.
PRINCE2 Practitioner
However, the requirement is to have at least one of the PRINCE2 certifications to be qualified.
PMP certification
You can register with any of the below two methods:
Certified professionals in project management earn higher salaries than their non-certified competitors. Having a recognized certification, like PMP and PRINCE2, shows that the individual has good knowledge of project management.
According to the PMI Project Management Salary Survey, the average salary of a certified PMP is $112,000 per year in the U.S. Certified practitioners earn 20% more than non-certified practitioners.
Both PMP and PRINCE2 are valuable certifications in project management. PMP follows a knowledge-based methodology, while PRINCE2 follows a process-based one. If you want to excel in the project management field, you can gain exposure to both certifications. Therefore, to become a globally valued and proficient project manager, you can opt for both.
Our work-support plans provide precise options as per your project tasks. Whether you are a newbie or an experienced professional seeking assistance in completing project tasks, we are here with the following plans to meet your custom needs:
Name | Dates | |
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PRINCE2 Training | Dec 07 to Dec 22 | View Details |
PRINCE2 Training | Dec 10 to Dec 25 | View Details |
PRINCE2 Training | Dec 14 to Dec 29 | View Details |
PRINCE2 Training | Dec 17 to Jan 01 | View Details |
I am Ruchitha, working as a content writer for MindMajix technologies. My writings focus on the latest technical software, tutorials, and innovations. I am also into research about AI and Neuromarketing. I am a media post-graduate from BCU – Birmingham, UK. Before, my writings focused on business articles on digital marketing and social media. You can connect with me on LinkedIn.