A Comparison Between the PMP and Prince 2 Certification

01-Oct-2020

What is the PMP Certification?

Out of all the project management courses,  PMP certificate can be considered as the highly preferred certification by the individuals to establish their career as Project Managers. This certification stands for Project Manager Professional that certifies your skills and knowledge in Project Management so that you can be more confident at work and competitive in the market. 

By availing this PMP certification training course, you get comprehensive knowledge about how you can manage and tackle your project effectively as well as professionally so as to achieve optimum results in the end. By doing this certification, you can try your hands in whichever industry-aligned you want to work in.

What will be your learnings in the PMP Certification Course?

• Understanding the terminology and processes
• This is the most up-to-date global practice for the Project Managers that upskill on how to manage and plan resources for projects. 
• Learning how to manage projects in terms of delivery
• Get a clear understanding of deliverables, work breakdowns, and specifications.
• Learn to go for project integration management and Project Scope management.
• Master the factors of Project Time Management and Project cost Management.
• Get a hold on the elements like Project Quality Management and Project Resource Management.
• Project Communication Management is also the aspect that you will learn.
• You will get familiar with the terms like Project Risk Management and Project Procurement Management. 

Prerequisites of PMP Certification:

There is a set of prerequisites that you need to meet to do the PMP examination. 

• A second degree like an associate degree, high school diploma, or the global equivalent.
• 7500 hours directing and leading projects
• 35 hours of project management education
• 4500 hours leading and directing projects
• A four-year degree
• 35 hours of project management education

What do you mean by Prince 2 Certification? 

Prince 2 abbreviations stand for Projects in Controlled Environments and are considered as a process-based method for effective project management. This certification is widely recognized and is used in the private sector in the UK and internationally. The method applied in this certification is utilized in the public domain, and it also offers a non-proprietorial best practice guidance on project management.

The project in Controlled Environment Certification usually centers on technique related project management. You can gain a systematic approach and the ways by which you can complete a successful project. This certification helps you gain a number of topics like MSP Program Management, risk management, IT and value service Management, portfolio, and much more.

Benefits of getting the PMP Certification:

• Better Salary Prospects

The PMP certification gets more importance and pays raise than their non-certified peers.

• Networking Opportunities

If you want to go for online PMP training, then you should have vast access to professionals with similar qualifications. The contacts you will make will prove crucial and will help you land a project management job. 

• Better Employment Prospects:

As the most popular project management certification, the PMP credentials are trusted and recognized and trusted by employers worldwide. 

Learn what you must know and the skills and experience that you must possess to take the Project Management Certification Course exam.

Benefits of getting the Prince 2 Certification:

Moving on to Prince 2, it is recommendable that you need to have some project management formal experience before you take the exam. The practitioner exam will be required to pass the foundational exam. 

• Exhaustive Body of Knowledge

The certification of Prince 2 equips the credential holders to administer the projects with the help of tools so that they can ensure its viability before it is initiated. You can take the factors like potential risk and user requirements into consideration and can ensure that the project is bound to help individuals get rid of the hurdles coming their way. 

• Well Laid-out Methodology

The certification is based on methodology, so this helps the individuals by saving their time and research during the completion of a unique project. 

• Standardization

You will not face any confusion in the project since the standard approach is used in this with a pinch of conventional filing systems, documents, and procedures. 

• Improved Salary and Better Employability Prospects

This certification provides the chance for the individual to make for a better job that pays well in a country like the UK. You can provide enough justification for your skills to give you a raise in your pay. 

 What You Will Learn in PRINCE2:

• Seven principles of Prince 2, themes, and processes in the guideline of Prince 2. 
• How to customize the approach for complex and different projects and to work on fast-paced software developments like Lean and Agile. 
• Making the product-based approach for projects that are manageable, measurable, and controllable. 
•  Reducing the project risk by controlling the resources. 
• Clarity in the objectives, purpose, and context of the Prince 2 certification. You will be able to apply the skills to complete and complement the knowledge-based approach of this certification. 
• The purpose of Prince 2 management products and roles. Also, the context and characteristics of a project and the benefits of adopting the certification.

 Will you advise for both the certification?

Many people view this certification as different and so you can see the battle between these two. Well, PMP is related to the skills and knowledge to manage the project and its delivery successfully, whereas, Prince2 focuses on the framework and processes so that you can execute the specific types of projects in controlled environments successfully. 

Therefore we will advise you to go for both the certification as it will be helpful in developing the professional's excellent project management skills. But, you can face some drawbacks if you apply for both. Let us see the drawbacks. 

Conflicting language: Both these certifications use different terminologies that can confuse the individual. The same term Project charter in PMP is Project brief in Prince 2.

Different Techniques: The techniques of both the certification also differ vastly. 

Comparative study between the two certifications:

Levels:

PMP Certification has only one level, but if we talk about the Prince 2 certification, it has three levels- foundation, practitioner, and professionals. 

Role:

The Project Manager is liable for the result of the project, whereas the professional of Prince 2 works as the middleman between the project and its control board. 

Responsibility:

The Project Management professional answers the "How" Questions about the project, and the professional of Prince is responsible for the questions like "What," "When," and "Who." 

Dependency:

The professional of PMP is driven by the requirements of the customers. On the other hand, the Prince 2 certified professional is driven by a business case. 

Approach required:

The PMP certified professional has a knowledge-based approach, whereas the Prince 2 professional takes care of the series of 7 management processes that define what needs to be done. 

Standard or methodology:

Based on PMBOK, PMP is a standard, not a methodology, and Prince 2 is a methodology with a detailed process, templates, and models. 

Examination of the certification:

PMP examination will test your knowledge of Project Management. On the other hand, the Prince 2 Certification examinations will test the methodology of Project Management. 

 Eligibility criteria for the certification:

 If you want to apply for the PMP Certification, you need to fulfill the prerequisites before registering for this certification at PMI. Also, you should have at least passed the intermediate exam from any high school, or you should be a graduate. You should also possess the experience in directing the projects and should also attain project management education. On the contrary, PRINCE 2 Certification does not need any hard and fast rule to enter the examination. You can register for it by logging into the PMI training center, and then you can register by paying the fee. 

Other Certifications that PMI offers:

The PMI offers a number of programs to enhance the career prospects of the candidates. Before you get familiarized with the specific requirements and with the certification examination, you will have to qualify in the process. The certificates mentioned below are globally recognized and will help you in getting hold of the best paying jobs as Project Manager. 

• Program Management Professional who manages the program.   
• Portfolio Management Professional
• Certified Associate in Project Management (CAPM), and this is the junior level of PMP.
• Project Management Institute (PMI) Scheduling Professional
• Risk Management Professional that is offered by PMI

So, this is all about the online PMP certification training and the Prince 2 certification. We have provided you with the necessary details of both the certification. You can go through it, and then you can decide for which certification you want to opt for. 

 Well, you need not be confused about the certification. Both the certifications are good in their way. It all depends on your field of interest and your requirement in your career path. You should not worry about anything. Opting for any certification will not bring your future at risk. Rather, it will add a star in your resume and that will surely take you further in your career path as compared to your non-certified peers. So, what are you waiting for? Pick up your laptop and start registering for your favorite certification.

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