Are you confused between PRINCE2® and PMP®? PMP certificate once achieved is valid for 3-year period. Subscribe to our YouTube Channel & Be a Part of 400k+ Happy Learners Community. Secondly, it gives due importance to the particular techniques adopted for completing the project. New Contacts –Expands your network when you become a member of the PMI and you will be able to talk to professionals in the industry. The PMI Project Management Salary Survey – Tenth Edition, states that the salaries of project managers around the world continue to climb.In the US alone, the average annual salary of a certified PMP® is $112,000 per year. While the former focuses more on the perspective aspects of knowledge, the later resorts to a more vivid technique. In fact, when you search on the internet, you would come across several certifications. In this guide as well it’s mentioned clearly that “this standard is a guide rather than a specific methodology. Their contents and principles are different. The PRINCE2®, or ‘Projects IN Controlled Environments' certification, is a process-based project management method that offers a systematic approach to delivering a successful project with clear templates, processes, and steps. Should I work towards a PMP, IPMA or PRINCE2? Lucy Brown-August 9, 2016. PMP® Vs PRINCE2® in UK. In most areas of the world, project management certification is a choice between these two. A professional would benefit from the skills and knowledge that both of these certifications offer. PRINCE2 vs PMP- You are quite aware that the vitality or value of certification programs has incredibly increased in the recent times specifically in the IT industry. According to PayScale, a project manager with PMP certification will make $87,000 a year, while a PRINCE2 certification will earn you slightly less at $84,000 annually. Prince2 Foundation does not require you to satisfy any criterion but if you are applying for the Practitioner level then you must possess a Prince2 Foundation level certificate. January 31, 2019 February 5, 2019 Darrin PMI-PMP® Certification. According to a PMI® survey, the highest salary a PMP® can earn is in the resources industry or the primary sector (agriculture, mining, etc. PRINCE2 Vs PMPAfter having certain years of experience in handling a project or being a part of the project team, there comes a time when you have to move ahead in your career. Has a well-laid out and standardized approach to project management. *Lifetime access to high-quality, self-paced e-learning content. We know that both PMP and Prince2 Project Management Certification have gained the reputation throughout the world arena but there are certain countries where one is preferred over the other. If one talks about PMP is given priority in the United States and other American countries. So, the choice is yours when it comes to picking a certification program in between PMP and Prince2. PRINCE2 vs PMP : A l’heure du choix. PRINCE2 ® and Project Management Professional (PMP) ® qualifications are known and sought-after around the world. That means a careful and calculated decision has to be made about the value of these certifications in your personal growth and career. Apart from these, there will be some other topics as well which are directly associated with project management such as quality, materials, and risk management etc. Here questions will be related to planning, implementation and controlling the project. The exam fee of PMP is different for members and non-members. Do not think that PMP and Prince2 are pitching against one another, but you will need both to implement your project framework. You just need to log on to PMI training center and register online after paying the fee. PMP certification is more focused on knowledge and skills which are important to effectively deal with a task and its conveyance whereas PRINCE2 Project Management certification is focused primarily around the procedures and the structure to effectively execute the project. It is globally recognized and tests your knowledge in effective project implementation. Improved Employment Opportunities –When you complete the PMP certification or the PRINCE2 Certification , you gain best employment opportunities as they are recognized around the globe. January 31, 2019 February 5, 2019 Darrin PMI-PMP® Certification. Gegründet 1969 in den USA. PMP® and PMI® have registered trademarks of the Project Management Institute, Inc. Certification PMP ® VS Prince2 ® : Au final, la certification PMP ® et la certification Prince2 ® se retrouvent dans certains points communs. Make no mistake; employers will be aware of this factor. Therefore, it is advisable that you do both of these certifications as it helps in the development of the professional's excellent project management skills. It’s not an easy decision, to be sure, but worry not – we’ve done much of the hard work for you! PMP and PRINCE2 certifications are certainly different from each other but they have a common goal: to improve the success of projects. PRINCE2 and PMP (Project Management Professional) are the two main certifications for project managers in the world today. 636. Briefly, when we compare the eligibility requirements of PRINCE2® vs PMP®, we find that PMP® requires more prerequisites than PRINCE2®. Please watch this video, to get idea on these two certifications. So, if you want to become a member of PMI then the membership fee is around $100. Moreover, according to a report, the PMP salary is going to hike in the near future. Asia, Africa as well as the Middle East region give equal importance to PMP and Prince2. Hi Rajib – Project management certification serves as testimony for your competence and surely, gets you the attention. Learn for free! Although the certification bodies, Axelos and the Project Management Institute (PMI), tend to play friendly with each other, they are competitors. which is better? The approach used by these certifications are well proven as per the industry norms. PMP® and PRINCE2® are not competing for credentials in all regions. ITIL: ITIL is Process based. Here questions will be related to planning, implementation and controlling … what is the difference between prince2 and pmp certification, pmp vs. prince2, pmbok vs prince2, pmp exam prince2 exam more popular, reconciled When people are talking about PRINCE2 certifications, they usually refer to the PRINCE2 Foundation and PRINCE2 Practitioner. The decision of selecting PRINCE2 vs PMP certification must be based on the industrial demand. These certifications are fundamentally different from each and moreover, they are affiliated with different accreditation boards. PMP Certification Exam cost is $555 or INR 39,856. It primarily touches all the important aspects of the project management process including the problems associated with it. Unlike PRINCE2, PMP demands commitment to your project management career. There is always a scope of availing a higher salary if you have gained experience in this field. PMP® Vs PRINCE2® in US. Fundamentally, the PRINCE2® and PMP® Certification involve two different project management frameworks. Firstly, We will check the prerequisites of PRINCE2® vs PMP®, then the exam cost of PRINCE2® vs PMP®. If you compare PMP and Prince2 Certifications based on this point, you would find that Prince2 is more flexible as the candidates do not need to renew their certificate. Power sector, in India, is one such example. © 2020 - EDUCBA. The training organizations have an important role in your PRINCE2 certification process. If you're in the Project Management field, or if you’ve always wanted to immerse yourself in this thriving discipline, you’ve probably wondered about what steps you need to take to get certified to advance your career. Now it’s time to compare the exam fee which you need to deposit for appearing in it. If you are applying for a PMP certificate examination, you have to fulfill a number of perquisites before you can register yourself at PMI. Both PMBOK Guide and Prince2 are quite dissimilar to each other. ALL RIGHTS RESERVED. The basic difference between the two exam formats is that while PMP tests your knowledge of project management, Prince2 will examine the methodologies of project management. Alternatively, 7,500 hours plus a secondary degree would suffice. Well, these certifications are provided by the prominent certification bodies of project management and are equally prestigious. Getting ITIL, PMP, or PRINCE2 certification comes with a price, both time and money. So, be careful with the organization you choose. One of the advantages of choosing this certificate course for your career is that you become quite capable of executing any kind of project with great ease as you develop knowledge of project management principles. The ideal choice should be based on the industry or company you are aiming to build a career in, and the type of project you’re planning to lead or direct. However, it is recommended that you have some project management experience and formal training before you take the exam. A project management and digital marketing knowledge manager, Avantika’s area of interest is project design and analysis for digital marketing, data science, and analytics companies. Some industries prefer PRINCE2 certified project managers, others prefer PMP certified ones. Each certification is in higher demand in some countries and regions. Now, … The Practitioner exam, however, is valid for 5 years, after which it will become invalid. PRINCE2® is focused mainly on the processes and the framework to execute specific types of projects in controlled environments successfully. Usually candidate can plan good 3 weeks to 30 days time for completing PRINCE24 Day intensive … Picking one over the other is a decision that involves several factors. Within these five larger domains are a multitude of other skills like risk identification, quality management, change management, materials management, and much more. Please watch this video, to get idea on these two certifications. So, after 5 years you can retake the exam or prepare for other PMI certifications based on your eligibility, preparation, and interest. Any candidate, who enrols for a professional course or a certification, does so with an intention to get a higher pay. Different Techniques: Some techniques differ vastly, such as the categorization of risk. The certification course covers a wide spectrum of project management techniques and competencies that are necessary for any project manager and can help increase your earning potential. You need to have experience in directing the projects and also obtain project management education. 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 Project Management Institute (PMI) offers this valuable certification. If you have to compare Project Management Professional and Prince2 in a nutshell, the basic difference lies in their techniques and approach to complete any project. PMP vs. PRINCE2 certification. PMI offers 12 knowledge areas compared to PRINCE2’s 6 variables—costs, timescales, quality, scope, risk and benefits, so indeed one could say they are comparable. The average salary for professionals with a PRINCE2® certification is $85,800. Some essential certificates besides PMP include-. All in One Project Management Bundle (100+ Courses). But, this doesn’t affect the popularity of any of these certifications. They are both recognised as the mark of a skilled, capable project manager.. Because of this, many of our clients have difficulty deciding which qualification to work towards when they first get in touch with us.. PMP and PRINCE2 certifications are certainly different from each other but they have a common goal: to improve the success of projects. PMP Vs PRINCE2: The PMP certification in recent years has become one of the most profitable and demand-driven career opportunities. An Introduction to Project Management: A Beginner’s Guide, PMP® Vs PRINCE2® Vs CAPM®: Which One's Right for Me, Structure of PRINCE2: Its Benefits in Project Management, Build a Strong Project Management Foundation, Big Data Hadoop Certification Training Course, AWS Solutions Architect Certification Training Course, Certified ScrumMaster (CSM) Certification Training, ITIL 4 Foundation Certification Training Course, Data Analytics Certification Training Course, Cloud Architect Certification Training Course, DevOps Engineer Certification Training Course. In fact, this is often regarded as one of the vital factors for choosing a certificate course. But the practitioner level certification is valid for a period of five years. PMP ® PRINCE2 ® PMP ® vs PRINCE2 ® : Eligibility & Fee Structure. PRINCE2 ® vs PMP ®. Is a broad, high-level, general framework of project management principles, which means it is recommended for and can be implemented on just about any project. The choice of one over the other must be based on several factors which may include your personal professional needs. However, the pay is not as much as what PMP managers get, but still you can be sure of getting lucrative income. Therefore, one can say that there is almost an equivalent distribution amongst the various regions regarding the first choice of the certification. A lot depends on the reputation of the company and the kind of project you are associated with. No experience or degree is required for either the Foundation or Practitioner levels. PRINCE2 and PMP are useful and complementary tools in your skill set – they don’t compete. Verbreitung: Hohe Verbreitung, besonders in internationalen Projekten: “Over 1.000.000 members and credential holders in more than 200 countries” (Quelle: PMI®)Philosophie: PMI ® vs. PRINCE2 ® - Herkunft, Philosophie, Verbreitung PMI ®: Project Management Institute. By Nader K. Rad. The selection of one of the PRINCE2 vs PMP certification depends … However, in case you want to know more than you can obviously refer to the PMBOK Guide and the Prince2 to make out the differences. The Practitioner exam is an objective, scenario-based paper. Much has been written on Bright Hub about the Project Management Institute and PRINCE2 and their best practices and certification levels. PMP, CAPM & PRINCE2 are three certifications in the field of Project Management. The most difficult is PMP certification. It is more of a methodology than a guide. Start Your Free Project Management Course, Project scheduling and management, project management software & others, The Project Management Institute (PMI), the apex body offering the PMP certification has introduced a number of programs to enhance the career prospects of the candidates. They are equally valued and preferred by industries. However, be a little cautious while registering for Prince2 exam as you cannot do so directly at AXELOS. If you’re looking for an appropriate professional certification to take your career forward, then you should never get perplexed regarding the choice of the courses. Difference Between PMP vs PRINCE2 Certification training PMP vs PRINCE2 Why one rather than the other? $ 00000. And by the way, the accelerated training organizations are allowed to set their own prices; that’s why you see different prices in different websites. PRINCE2 vs PMP Certification, Industry Needs. PMP vs PRINCE2, Which Certification is better Career choice? PMP, PMI, PMBOK, CAPM, PgMP, PfMP, ACP, PBA, RMP, SP, and OPM3 are registered marks of the Project Management Institute, Inc. CAPM Vs PMP Vs PRINCE2 Certifications – Which is better? 2) Certification are two of the most prestige and sought-after project management certifications for practitioners of the field. The links prove to quite fruitful specifically, if you are working as a freelance project manager. Is indicative of your proficiency in using the PMBOK® Guide, the Project Management Book of Knowledge. PRINCE2 Foundation certification can be obtained just by passing the exam. Are you confused between PRINCE2® and PMP®? However, both are equivalent in terms of value and can help in taking your career forward. Having a certification in project management especially, the ones like PRINCE2 and PMP indicate that the individual knows and understands the universal language of the industry. PRINCE2 versteht sich als Know-how-Vermittler und fordert zur Zertifizierung - im Gegensatz zu IPMA und PMI - keine vorhandene Projektpraxis. PMP & PRINCE2 are two well-known certifications in the field of Project Management. This will help you to strategize your plans more skilfully taking all the vital factors into account. La certification n’a donc pas le même degré d’effort : quelques semaines pour PRINCE2®, plusieurs mois pour PMP®. PMP ® vs. PRINCE2 ® Exams and Certificates. Conversely, the PMP provides techniques tools and frameworks to perform and complete the project. The PRINCE2® Foundation exam tests the individual with 75 multiple-choice questions for 60 minutes. This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. Different training centers charge differently for offering their services. PRINCE2 vs PMP: Industry Demands. As of 2014… If we look at this comparison along with the details of certifications discussed in the last section, its very clear that CAPM & PMP is in line with each other whereas PRINCE2 is altogether different thought process. Today, certification seems to be the right way to move up to the higher echelons of management in an enterprise. PRINCE2 ® vs PMP ®. Both have good career prospects and will help in shaping your bright future. pmp or prince2 certificate? Both offer a body of knowledge and a proven approach to managing projects effectively. THE CERTIFICATION NAMES ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS. This course, administered by PMI in the USA, has also gained popularity in Europe and Asia. PRINCE2 apporte une vraie vision méthode, avec une organisation type de pilotage, une répartition des rôles dans le pilotage d’un projet et un découpage projet en phases avec des jalons formels de validation. Picking one over the other is a decision that involves several factors. It is a new joint venture company. If you wish to get one of these certifications, it is important that you do your research before you begin to walk down one path vs. the other. When comparin… The technique or the approach for completing the project has to be chosen by you. PRINCE2 Vs PMP – Which Certification Better? Although, PMI is located in Texas US, but the course is widely carried out in other continents as well including Europe and Asia. While perusing this certification, you would gain knowledge on a number of topics such as MSP program management; portfolio and risk management, value and IT service management and much more. PMP® and PRINCE2® – Salary Overview. By. The certification you choose should depend on your job prospects and the region you are working in. It’s always a difficult choice to choose among a set of certifications and get clear picture or guidance on which one will suit well. Although the certification bodies, Axelos and the Project Management Institute (PMI), tend to play friendly with each other, they are competitors. The choice of one over the other must be based on several factors which may include your personal professional needs. The PMP® certification is preferred in the USA, Canada, Middle East, and Australia. According to Payscale.com, insights of average salaries for PMP® and PRINCE2® in the US and UK are given below. Benefits of Getting a PMP vs. Getting a PRINCE2. These certifications can be used by the employers to assess your understanding on Project Management concepts and how to apply them throughout the project management life-cycle. La certification PRINCE2 permet de valider la bonne compréhension de cette méthode. Continue with the article to settle on the ideal decision! PMP® and PRINCE2® certifications : Definition. I work in the project management field, should I start preparing and getting certified as PMP, or as PRINCE2 Foundation and PRINCE2 Practitioner? In the same way, if you are working in the USA, Canada, and the Middle East, you can prefer PMP. The individual is tested based on 9 questions with a time limit of 2.5 hours. The exams are the most crucial and indispensable part of obtaining a PMP or the Prince2 Certification. PMP . Yet another benefit of Prince2 certification is that it highlights on both project as well as a process. PMP vs PRINCE2 vs IPMA: The Three Main Certifications January 18, 2019 by Bernie Roseke, P.Eng., PMP Leave a Comment Project management certification is a great way to make your career take off. Several studies and surveys show that certified professionals in project management earn much more than their non-certified peers. What’s the difference between them? Frameworks of PRINCE2 vs PMP The management framework for both of the certifications, PRINCE2 and PMP, are different. PRINCE2 vs PMP. However, PRINCE2 is significantly easier to obtain, and this could result in higher numbers as well as a loss of reputation in some areas. The person has to answer nine questions in practitioner level in about 150 minutes. Divides the master project plan into project plans, stage plans, and team plans, which eliminates ambiguity and makes it easier to execute the project. Secondly, the exam format of both, and finally how to maintain certification on PRINCE2® and PMP®. Professionals will have to complete and pass the PRINCE2® re-registration examination 3-5 years following their previous practitioner exam. These certificates are globally recognized and will help you attain the best paying jobs as project managers. In the United States, a PMP certificate holder gets an average payment of $105,000 per annum, whereas Prince2 quite popular in the UK offers an annual pay of £ 50,000 which if converted to US dollars will figure around $77,500. For example, some European countries like UK, Denmark, Germany prefer PRINCE2 while PMP is You should have at least cleared the intermediate exam from any high school or should be a graduate. However, if one talk about PMBOK Guide, you will come across more of How questions. You have to attend about 75 MCQs and the time allotted is one hour. Both are famous, both have their own uniqueness in one way or the other. Therefore, it becomes necessary to compare these two on the basis of their advantages. Project Management Professional (PMP)® is the most popular qualification from the Project Management Institute (PMI). If you’re looking for an appropriate professional certification to take your career forward, then you should never get perplexed regarding the choice of the courses. That’s because it requires a minimum of 4,500 hours and a 4-year degree. This enables you to save ample time and resources. This pattern will continue in the near future and will lead to a growing need for professional, experienced project managers. The basic difference between the two exam formats is that while PMP tests your knowledge of project management, Prince2 will examine the methodologies of project management. For example, project charter in PMP® is what is known as project brief in PRINCE2®. As of March 2018, there are about 830,000 PMP certifications worldwide, growing at a rate of about 14% per year. According to a Payscale.com survey, male PRINCE2® professionals earn $90,000, while women earn $77,000. You are required to answer about 200 Multiple Choice Questions in four hours when attempting PMP and secure 62 percent marks to qualify the exams. If you are working in the UK, Australia, and Europe you can prefer PRINCE2. Out of the 75 questions, 5 are trial based and not counted during the scoring process. This article offers an overview of PRINCE2® Vs PMP® certifications, important benefits, and job prospects for each one. By availing this certificate, you get a comprehensive knowledge about how to tackle and manage a project professionally and effectively producing optimum results in the end. The highest average salary for PMP®s is in Switzerland at $130,966. The choice of one over the other must be based on several factors which may include your personal professional needs. Both are famous, both have their own uniqueness in one way or the other. PMP® is controlled and administered by the Project Management Institute (PMI)®, on the other hand, PRINCE2® is regulated by AXELOS. Man sollte jedoch nicht vernachlässigen, dass diese mit z.T. The same survey also found that the highest pay scale of a Prince2 Project Manger was around $45,000. The registration procedure of the PMP exam is very simple. However, the number of specific hours in both the cases will surely depend upon your academic degree; that is whether you are a high school pass or a graduate. Verifies your knowledge of "generally-accepted" best practices and principles of project management. Both certification programs are of equal value, albeit in different aspects of project management. The following article concentrates on two most important project management certifications; PMP and Prince2. Check out the Simplilearn's video on PMP® certification training course. ), at $130,000. One can use different methodologies and tools (e.g., agile, waterfall, PRINCE2) to implem… Each certification is in higher demand in specific geographies, so you need to determine which of the two certifications will boost your employability. PRINCE2 qualifications are provided by PeopleCert on behalf of AXELOS. This means, whether you want to or not, you’ll be continually sharpening your skills. Further, this preference of the certification varies from country to country. But … Many people view the PRINCE2 and PMP certifications as different, which is why there is a battle between the two certifications. Here each team member is familiar with his job responsibility and how to cater it professionally. Secondary degree (high school diploma, associate's degree or the global equivalent), 7,500 hours leading and directing projects, 4,500 hours leading and directing projects. This pattern will continue in the near future and will lead to a growing need for professional, experienced project managers. One important difference and probably a point in favor of the exam is that PRINCE2 as a certification is entirely methodology-based (PMP is knowledge based and IPMA is competence-based) and is therefore easier to apply when working as a project manager. Fundamentally, the PRINCE2® and PMP® Certification involve two different project management frameworks. Improved Employment Opportunities –When you complete the PMP certification or the PRINCE2 Certification , you gain best employment opportunities as they are recognized around the globe. A candidate perusing Prince2 certification is tested on various levels. The planning is done in a systematic manner and every task is done in a step by step manner. Here you get to know about a systematic approach and ways to complete a successful project. Both certification … Therefore, it is important to have an extensive knowledge of these courses and then choose one which is best for your career. The ideal choice should be based on the industry or company you are aiming to build a career in, and the type of project you’re planning to lead or direct. March 2018, there are also specific benefits that come with each certification on technique related management! About 150 minutes of this factor appearing in the UK, Australia, and Australia known management. Pmp®S is in Switzerland at $ 130,966 competing for credentials in all regions worldwide..., albeit in different aspects of knowledge ) personal growth and career each one – they don ’ affect. To quite fruitful specifically, if you are taking the exam in article compares the differences between certification! Analyze them combinely exam is an excellent complement to your PMP credential and awards for. 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