CAPM & PMP certifications are based on PMBOK® the Project Management Book of Knowledge guide. For the Foundation level, you need to deposit $365 and for the Practitioner level, it is $485. There are no defined prerequisites for the PRINCE2® exams. PRINCE2 versteht sich als Know-how-Vermittler und fordert zur Zertifizierung - im Gegensatz zu IPMA und PMI - keine vorhandene Projektpraxis. However, before enrolling in any of them, you must acquaint yourself with the specific requisites and especially the examinations; you have to qualify in the process. The Project IN Controlled Environment Certificate is a type of program which usually focuses on technique related project management. So, the choice should be made attentively. In most areas of the world, project management certification is a choice between these two. Eine PM-Zertifizierung ist ein Plus im Lebenslauf. Different Techniques: Some techniques differ vastly, such as the categorization of risk. That means a careful and calculated decision has to be made about the value of these certifications in your personal growth and career. 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. Firstly, PMP certifications make you an eligible candidate who can expect a flourishing pay on the completion of the course. Which one better matches my career? 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. PMP ® PRINCE2 ® PMP ® vs PRINCE2 ® : Eligibility & Fee Structure. You have to prepare exceedingly well to pass the exam with a good percentage. Their contents and principles are different. PMP® and PRINCE2® are not competing for credentials in all regions. 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 PMI and PRINCE2 certifications are the big two, and IPMA is significantly smaller. Let’s look at each of these certifications individually and then analyze them combinely. It includes-, Out of the three, the Foundation and the Practitioner levels are the most important and popular amongst the candidates. Usually candidate can plan good 3 weeks to 30 days time for completing PRINCE24 Day intensive … 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 Vs PRINCE2: The PMP certification in recent years has become one of the most profitable and demand-driven career opportunities. 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. PMP® and PRINCE2® certifications : Definition. THE CERTIFICATION NAMES ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS. As far as PMP is concerned, the candidate should have about sixty Professional Development Units (PDUs) after alternative three years. The PRINCE2 provides a methodology to complete to perform and complete the project. By Simon Buehring on 20 Mar 2020. Although the number of PRINCE2 Practitioner certifications are not published, Axelos claims that PRINCE2 is the world’s most widely-adopted project management method. If you are applying for a PMP certificate examination, you have to fulfill a number of perquisites before you can register yourself at PMI. You have to attend about 75 MCQs and the time allotted is one hour. When you sit down to prepare for the questions, you will come across more of ‘W’ based questions (when whom, what etc) in Prince2. In this guide as well it’s mentioned clearly that “this standard is a guide rather than a specific methodology. Therefore, it becomes necessary to compare these two on the basis of their advantages. Professionals will have to complete and pass the PRINCE2® re-registration examination 3-5 years following their previous practitioner exam. Briefly, when we compare the eligibility requirements of PRINCE2® vs PMP®, we find that PMP® requires more prerequisites than PRINCE2®. January 31, 2019 February 5, 2019 Darrin PMI-PMP® Certification. The exams are the most crucial and indispensable part of obtaining a PMP or the Prince2 Certification. 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.. 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. PMP® is controlled and administered by the Project Management Institute (PMI)®, on the other hand, PRINCE2® is regulated by AXELOS. This pattern will continue in the near future and will lead to a growing need for professional, experienced project managers. Since PMP certifications are globally recognized, the big giants will give you a preference over others when you have the certificate. PRINCE2 qualifications are provided by PeopleCert on behalf of AXELOS. which is better? Both are famous, both have their own uniqueness in one way or the other. Much has been written on Bright Hub about the Project Management Institute and PRINCE2 and their best practices and certification levels. According to, insights of average salaries for PMP® and PRINCE2® in the US and UK are given below. PMP Vs PRINCE2: The PMP certification in recent years has become one of the most profitable and demand-driven career opportunities. PRINCE2 and PMP are useful and complementary tools in your skill set – they don’t compete. But you should be acquainted with their differences so that the decision to choose one becomes simpler in the end. Here you get to know about a systematic approach and ways to complete a successful project. 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. Firstly, let’s talk about both the certifications in brief: The Project Management Professional (PMP®) Certification. Project Management Institute (PMI) Scheduling Professional. The individual is tested based on 9 questions with a time limit of 2.5 hours. 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. 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. Based on the discussions so far, one can say that both Project Management Professional, as well as Prince2, is going to shoulder to shoulder with each other. Alternatively, 7,500 hours plus a secondary degree would suffice. Indeed, you can apply your knowledge and experience in whichever industry you work with. PMP vs PRINCE2, Which Certification is better Career choice? A PMP certified project manager salary is a little more in comparison to PRINCE2 for the same project roles. Some industries prefer PRINCE2 certified project managers, others prefer PMP certified ones. Any candidate, who enrols for a professional course or a certification, does so with an intention to get a higher pay. PRINCE2 defines the roles of everyone involved in a project whereas PMP Focuses on the project manager's role A professional who is looking forward towards gaining proficiency in project management approach with a project team point of view can opt for PRINCE2 Certification. However, it is recommended that you have some project management experience and formal training before you take the exam. 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. © 2020 - EDUCBA. By enrolling for PMP, you become a member of PMI. The passing percentage is 50 in foundation and 55 in practitioner level exams. 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. 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. Secondly, it gives due importance to the particular techniques adopted for completing the project. Yet another benefit of Prince2 certification is that it highlights on both project as well as a process. PMP® or Project Management Professional is a certification offered by the prestigious PMI or Project Management Institute. Is the question that many project managers have in their mind, before they decide on their project management certification path. PMP and PRINCE2 certifications are certainly different from each other but they have a common goal: to improve the success of projects. Both have good career prospects and will help in shaping your bright future. April 20, 2017 PMP® ( P roject M anagement P rofessional) Certification and PRINCE2® ( Pr ojects in C ontrolled E nvironments, ver. PRINCE2® is focused mainly on the processes and the framework to execute specific types of projects in controlled environments successfully. Moreover, according to a report, the PMP salary is going to hike in the near future. Irrespective of the certification, a certified project management professional can demonstrate high PM skills. January 31, 2019 February 5, 2019 Darrin PMI-PMP® Certification. The registration procedure of the PMP exam is very simple. PMP & PRINCE2 are two well-known certifications in the field of Project Management. Now, if one has to compare PMP and Prince2 on the basis of better salary prospect, then PMP surpasses the Prince2 certification. Asia, Africa as well as the Middle East region give equal importance to PMP and Prince2. Please watch this video, to get idea on these two certifications. Different training centers charge differently for offering their services. PMBOK Guide is the reference book of PMP, PRINCE2 Manual is the reference book of PRINCE2. Therefore, one can say that there is almost an equivalent distribution amongst the various regions regarding the first choice of the certification. In fact, when you search on the internet, you would come across several certifications. This article offers an overview of PRINCE2® Vs PMP® certifications, important benefits, and job prospects for each one. The certification is both process and project-focused. In the same way, if you are working in the USA, Canada, and the Middle East, you can prefer PMP. First let’s analyze the benefits of PMP certification. The most difficult is PMP certification. These certifications are fundamentally different from each and moreover, they are affiliated with different accreditation boards. The approach used by these certifications are well proven as per the industry norms. PMP Certification Exam cost is $555 or INR 39,856. Well, the answer is both the certifications. PRINCE2® is a process-based methodology providing detailed guidance on delivering a successful project with processes, steps and templates; while PMP® project management methodology is primarily based on the PMBOK® Guide (A Guide to the Project Management Body of Knowledge, published by PMI) which is a collection of good practices detailing the project management standards and necessary … Several studies and surveys show that certified professionals in project management earn much more than their non-certified peers. With a total of 200 questions, the PMP® exam lasts four hours and is split into the areas of Project Initiation, Project Planning, Project Execution, Monitoring and Controlling, and Project Closing. PRINCE2 vs PMP. The choice of one over the other must be based on several factors which may include your personal professional needs. Now the question arises, which is better? PRINCE2 ® vs PMP ®. The demand for the certification varies both industry wise and on the location. 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. Difference Between PMP vs PRINCE2 Certification training PMP vs PRINCE2 Why one rather than the other? Fundamentally, the PRINCE2® and PMP® Certification involve two different project management frameworks. The non-members need to pay $555 while members pay $405. Verbreitung: Hohe Verbreitung, besonders in internationalen Projekten: “Over 1.000.000 members and credential holders in more than 200 countries” (Quelle: PMI®)Philosophie: CAPM Vs PMP Vs PRINCE2 Certifications – Which is better? Subscribe to our YouTube Channel & Be a Part of 400k+ Happy Learners Community. Both have their pros and cons and so the selection should be made quite wisely. The former is easier than PMP and it's unfair to compare them, while the latter is as hard as PMP, or as some people believe, even harder than PMP. Unlike PRINCE2, PMP demands commitment to your project management career. PMI is actually the Project Management Institute, which is the official publisher of the PMBOK (Project Management Body of Knowledge). PMI vs Prince2. Many people view the PRINCE2 and PMP certifications as different, which is why there is a battle between the two certifications. The Practitioner exam is an objective, scenario-based paper. The person has to answer nine questions in practitioner level in about 150 minutes. Conversely, the PMP provides techniques tools and frameworks to perform and complete the project. Also, a few industry sectors prefer PRINCE2® certification, while others prefer the PMP® certification. PRINCE2 Vs PMP – Which Certification Better? 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. This will help you to strategize your plans more skilfully taking all the vital factors into account. You can obtain more projects with their contact. Certified Associate in Project Management (CAPM) which is the junior level of PMP. No experience or degree is required for either the Foundation or Practitioner levels. PRINCE2 is a rigorous process that has various models and unique templates that give you directional steps to follow when running a project. Both the Project Management Professional (PMP®) and PRINCE2 (Projects In a Controlled Environment) are highly reputed in the field. 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. 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. Pour commencer, elles certifient toutes les deux des connaissances de bases nécessaires à la gestion de projet. La certification n’a donc pas le même degré d’effort : quelques semaines pour PRINCE2®, plusieurs mois pour PMP®. As of 2014… Make no mistake; employers will be aware of this factor. PRINCE2 and PMP (Project Management Professional) are the two main certifications for project managers in the world today. Below are the key differences between PRINCE2 and PMP Certification. Now let us make a comparative study between Project Management Professional and Prince2 based on the following parameters. Spells out the roles and responsibilities of each member of the team tasked with managing the project. PMP . You cannot take the exam directly from AXELOS. So, if you want to become a member of PMI then the membership fee is around $100. Each certification is in higher demand in specific geographies, so you need to determine which of the two certifications will boost your employability. The PMP is related to the knowledge and skills necessary to successfully manage a project and its delivery. PRINCE2 and PMP (Project Management Professional) are the two main certifications for project managers in the world today. The following article concentrates on two most important project management certifications; PMP and Prince2. Both certification programs are of equal value, albeit in different aspects of project management. As of March 2018, there are about 830,000 PMP certifications worldwide, growing at a rate of about 14% per year. There are also specific benefits that come with each certification. But, this doesn’t affect the popularity of any of these certifications. PMP certificate once achieved is valid for 3-year period. Secondly, the exam format of both, and finally how to maintain certification on PRINCE2® and PMP®. They earn an average of 20% more than their non-certified peers. You should have at least cleared the intermediate exam from any high school or should be a graduate. Divides the master project plan into project plans, stage plans, and team plans, which eliminates ambiguity and makes it easier to execute the project. Man sollte jedoch nicht vernachlässigen, dass diese mit z.T. Both are famous, both have their own uniqueness in one way or the other. Both certification … 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. 2) Certification are two of the most prestige and sought-after project management certifications for practitioners of the field. PMP ® vs PRINCE2 ®: Certification Bodies. 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. ITIL is a Framework. Certification in the PRINCE2 methodology is an excellent complement to your PMP credential and awards PDUs for instructor led classes or online learning. In fact, this is often regarded as one of the vital factors for choosing a certificate course. This course, administered by PMI in the USA, has also gained popularity in Europe and Asia. Risk Management Professional again offered by PMI, Prince2 Professional regarded as the hardest of all, Prince2 Practitioner which is considered to be the most vital of all, Prince2 Foundation which is a very simple course. Today, certification seems to be the right way to move up to the higher echelons of management in an enterprise. PRINCE2® and PMP® certifications are administered by two different certified bodies. Prerequisites of PRINCE2® vs PMP® PMP® Exam eligibility, as … Project Management Professional (PMP)® is the most popular qualification from the Project Management Institute (PMI). Although, PMI is located in Texas US, but the course is widely carried out in other continents as well including Europe and Asia. If one talks about PMP is given priority in the United States and other American countries. The exam fee of PMP is different for members and non-members. The training organizations have an important role in your PRINCE2 certification process. 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. PRINCE2 Vs PMP – Which Certification Better? These certificates are globally recognized and will help you attain the best paying jobs as project managers. So, after 5 years you can retake the exam or prepare for other PMI certifications based on your eligibility, preparation, and interest. When people are talking about PRINCE2 certifications, they usually refer to the PRINCE2 Foundation and PRINCE2 Practitioner. PMP® is related to the knowledge and skills necessary to successfully manage a project and its delivery. You will not only be given priority in offering the job, but your colleagues and your seniors will give importance to your suggestions and advice while doing a project. Cost of the PRINCE2 for Foundation and Practitioner together along with Training would be between $1200 and $2000Cost of PMP® Exam along with PMI membership is $555/- and Training cost varies between $800 and $1200/-4-5 day intensive classroom training and 40 hours of self study is required. The choice of one over the other must be based on several factors which may include your personal professional needs. pmp or prince2 certificate? Secondly, it offers model approach. It is more of a methodology than a guide. PRINCE2 ® vs PMP ®. According to a PMI® survey, the highest salary a PMP® can earn is in the resources industry or the primary sector (agriculture, mining, etc. Both PMBOK Guide and Prince2 are quite dissimilar to each other. PMP® and PMI® have registered trademarks of the Project Management Institute, Inc. It largely depends on the test center you are opting for appearing in the exam. The Practitioner exam will require you to have passed the Foundation exam. Having certification stamp of these institutes automatically beefs up your resume and puts you in the elite group of professionals. It is globally recognized and tests your knowledge in effective project implementation. Some essential certificates besides PMP include-. Program Management Professional whose responsibility is to manage a program. Is indicative of your proficiency in using the PMBOK® Guide, the Project Management Book of Knowledge. With different regulatory bodies, the exam application process for both the courses also differs from one another. PMP vs. PRINCE2 certification. 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. If you are working in the UK, Australia, and Europe you can prefer PRINCE2. The knowledge areas of the PMBOK are very similar to those of PRINCE2 so choosing which is best based on organizational specifics may not always be the only thing to consider. All three has its own uniqueness and focus with which one can take it up. However, if you are willing to clear the examination, then you need to emphasize a lot on the official published document ‘Managing Successful Projects with PRINCE2.’. The links prove to quite fruitful specifically, if you are working as a freelance project manager. Many people view the PRINCE2® and PMP® certifications as different, which is why there is a battle between the two certifications. On the other hand, the cost of the Prince2 may be different. PRINCE2 vs PMP: Industry Demands. Within these five larger domains are a multitude of other skills like risk identification, quality management, change management, materials management, and much more.