Project Managers who want to advance their careers often face a dilemma when they wish to go for certification programmes. They donâ€™t know if they should
go for PMP or PRINCE2. Both are good, but which is better? For all those, who are fighting this battle PRINCE2 vs PMP. This article is
designed to provide you information that would help you make this decision. IT professionals also have a 3rd option, ITIL but we will come back
to it later.
Brief Overview of PRINCE2
Origin of PRINCE2 is in UK and its administration is done by APMG in UK and Internationally. PRINCE2 has a well defined and sophisticated methodology that
outlines in detail the steps, templates and processes that a project should follow in order to be delivered successfully in a controlled environment.
It also spells out the roles and responsibilities of those involved in a project, like project executive, project manager, senior supplier, financier etc.,
it also provides templates that facilitate smooth execution of project such as change request form and progress report.
A few features of the PRINCE2 include:
- PRINCE2 is generic, as in, it can be used for just about any kind of project.
- It has a standard and well laid out approach.
- The roles and responsibilities of the team undertaking the project is clearly defined which eliminates the ambiguity and makes project execution easy.
- It focuses on both project and process.
Brief Overview of PMP
PMP originated in USA at the Project Management Institute (PMI) but gained international acceptance quickly. The PMP Certification is structured around the
PMBoK (Project Management Body of Knowledge) developed by the PMI. The course measures the ability of a candidate as a project manager to complete the
project right from planning stage of a project, based on your skills and understanding of project management.
It differs from PRINCE2 as it basically evaluates your skills and mastery of project management. As such, you are required to have some experience in the
field, unlike PRINCE2, which can be done by a person who is new to the field.
A few features of the PMP qualification include:
- PMP covers project management extensively. It can be considered as the encyclopedia of knowledge pertaining to project management.
- It can be seen as a comprehensive overview and generally accepted knowledge and principles of project management.
- It is also a dictionary of terms related to project management
Now that we have some basic knowledge of what PMP and PRINCE2 are, letâ€™s start the PRINCE2 vs PMP match.
|Education||–||Graduate degree of 4 years or equivalent+ 35 hours of formal study of any aspect of Project management|
|Experience||–||3+ years of work experience in the field of project management. With atleast 4,500 hours in managing a project|
|Tests to qualify for certification||2||1|
PRINCE2 vs PMP: Pre-requisites
The pre-requisites for PMP are more stringent, which makes it very much attractive to employers. Greater the minimum requirements, smaller are the numbers
that can pass through.
PRINCE2 vs PMP: Industry Demands
Unfortunately, neither is better than the other when it comes to industry demands, which is the center of the whole PRINCE2 vs PMP debate. The demand for
the certification varies both industry wise and on the location. For example, some European countries like UK, Denmark, Germany prefer PRINCE2 while PMP is
preferred in North America but as said before, there is no clear trend as both the certifications are global.
PRINCE2 vs PMP: Benefits
Walking encyclopedia of Project management
Well laid out methodology for Project management
Better Salary from existing employers and future employers
Standardization of project management
Networking opportunities with the best and brightest in the field.
Value to your employer
Driven By Business Case
Efficiency in project execution
PRINCE2 vs PMP: Conclusion
We have provided you the objective information so far. Most training providers would at this point conclude that doing both is the best and suggest you to
do both, and it seems like a good idea at first.
It may not be ideal for everyone though. The terminology used is different for both and some techniques differ vastly (eg: categorization of risk). If
youâ€™re not the brightest of the bright, chances are your knowledge of project management becomes confusing.
The value of both the certifications is not the same. The pre-requisites of the PMP certification itself is an indication of the difficulty of getting the
certificate. The rarity of PMP professionals is also what attracts the industry towards this certification and also the increased salary and other perks.
The ideal path would be to choose PRINCE2 at the start of the career when the experience is low, this means you can find a job easily than the others and
have a slightly high paying job. As you build your experience in the field shift to a PMP.
As PRINCE2 deals with the framework and creates templates for project management, with experience you can inculcate these principles. Once you have enough
experience, go for a PMP, this provides you the extensive knowledge and skills required for project management and better career prospects.
The fact that you once did PRINCE2 and now hold a PMP would be a huge boost to your profile without compromising your knowledge and avoiding confusing
Still wondering if you should do a PMP or a PRINCE2?
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Role and Responsibilities of a Project Manager