PMP® vs PRINCE2®Â

PMP ®  vs PRINCE2 ®   PMP ®  vs PRINCE2 ® Which Certification to Choose? 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PMP Exam Preparat ion (67 Blogs) Become a Certified Professional AWS Global Infrastructure Introduction to PMP Certification PMP Exam â€" All You Need To Know Regarding PMP CertificationTop 10 Reasons To Get PMP ® CertifiedWhat is PMP ®Certification? â€" All you need to know about PMP ®PMP Certification â€" Become A Certified Project Management Professional ® PMBOK Guide 6 PMBOK 6th Edition â€" 10 Knowledge Areas and 49 Processes PMP Exam PMP Exam Prep â€" Best Way to Prepare for PMP Certification Exam Project Management Basics Project Management â€" Phases and MethodologiesProject Management Life Cycle â€" Everything You Need to KnowProject Management Tools â€" Helping Aids of Project ManagersWhat is Gantt Chart in Project Management? Knowledge Areas Know all about 10 Knowledge Areas of Project ManagementProject Integration Management â€" Know How To Integrate ProcessesProject Scope Management â€" Know How To Manage Project EfficientlyProject Cost Management â€" Know How To Manage Your BudgetsProject Time Management â€" How To Optimize Project ScheduleProject Quality Management â€" How To Optimize Project QualityWhat is Project Resource Management and How to Perform it?How To Remove Project Clutter Using Konmari?Project Communication Management â€" What Makes A Project Successful?Project Risk Management â€" Know How to Mitigate RisksWhat Is Project Procurement Management And How To Perform It?Learn how to Perform an Effective Project Stakeholder Management PMP Interview Questions Top 50 PMP ® Exam Questions and Answers For 2020Top 30 Project Manager Interview Questions You Need to Know in 2020 Career Guidance Project Manager Salary: How Much Does A Project Manager Earn?How to Build an Impressive Project Manager Resume?What are the Project Manager Roles and Responsibilities?PMP vs PRINCE2 â€" Which Certification to Choose?Project Management and Methodologies Topics CoveredPMP Exam Preparation (58 Blogs)PMI Agile Certified Practitioner (9 Blogs)ITIL Foundation ( 5 Blogs)Prince2 Foundation Certification (5 Blogs)SEE MORE PMP ®  vs PRINCE2 ® Which Certification to Choose? Last updated on May 27,2020 1.9K Views Swatee Chand Research Analyst at Edureka. A techno freak who likes to explore different... Research Analyst at Edureka. A techno freak who likes to explore different technologies. Likes to follow the technology trends in market and write about... Bookmark 4 / 4 Blog from Career Guidance Become a Certified Professional Leveling up your career in the field of Project Management can be tedious. The search for appropriate professional certifications never seems to cease. If the above pointers bother youthen you must read this article on PMPvs PRINCE2, which will definitely clarify all your doubts and will help you to understand all the distinctions among these certifications.Below are few of the factors based on which I will be comparing PMPvs PRINCE2:PMPCertificationPRINCE2 CertificationProject Management MethodologyProject Managem ent ApproachIndustry/Geography-wise RelevanceCertification BodiesEligibility Fee StructureExam FormatPreparation TimeAverage SalaryCompaniesWhich Certification Suits You?You can watch this video on PMPvs PRINCE2for a detailed explanation.PMP vs PRINCE2 | Project Management Certification | EdurekaThis Edureka video on PMP vs PRINCE2 will compare two major certifications in the field of Project Management.But, before I start off with this PMP vs PRINCE2 blog, let me give you a quick brief on these certifications.PMPCertificationPMPCertification stands for Project Management Professional Certification. This certification isproof of education and experience in the project management field of any project management practitioner. It is known as thegolden standardof Project Management and is acknowledged by the organizations across the globe. Once you successfully clear the PMPExam, you fall into the cream layer and will be preferred by the recruiters.PRINCE2CertificationPRINCE2 stands fo r PRojects IN Controlled Environment. This certification focuses on astructuredproject managementapproachand practitioner certification program. It is a systematic process-based method that helps indelivering a successful project with clear templates, processes, and steps.PMPand PRINCE2both are certifications for experienced project management practitioners. One thing you must keep in your mind is, these certifications are notcompeting, rather they are mutually exclusive and complement each other. Moreover, if they are pursued together, can widen your horizon as a project manager. Thus, before opting for any one of these, you must have an unclouded understanding of what each of these certifications has to offer. Through this blog on PMPvs PRINCE2, I am going to throw some light on the major differences as well as advantages of each of them.So, lets begin our comparison of PMP vs PRINCE2 certifications with the very first topic, i.e., PM Methodology.PMPvs PRINCE2: Project Management MethodologyProject management methodology is a model, which organizations adopt for the design, planning, implementation, and fulfillment of project objectives. It depends on the industry or business domains as to what project methodology should be adopted for a particular project. You can consider these methodologies as the threshold on which these two certifications operate in the industry.PMPPRINCE2PMPis based on the PMBOK GuideFollow the knowledge-basedapproach encompassing 10 Knowledge AreasPrince2followsa process-based approachIt is a directive and sets out clear processes defining what should be doneThe next point of comparison between PMPvs PRINCE2 is the PM approach. So, lets move ahead and see how they differ in their approaches.PMPvs PRINCE2: Project Management ApproachProject management approach is basically the framework used for handling the different factors of a project and achieving successful project completion.PMPPRINCE2The project is completed in a sequential man nerBefore the commencement of the project, its scope, time and cost are finalizedThe customer cant alter these factorsScope, time and costare finalized before the commencement of the projectThe project development follows an iterative approachIndustry/Geography-wise RelevanceNow that we have established clear differences between these three certifications, let us discover the industry-specific or geographical prominence of these three certifications.PMPPRINCE2PMPis recognized across all major industriesPMPcertification is majorly recognized across India, USA, Canada, Middle East, South East Asia, and AustraliaPRINCE2is majorly mandated across industries like construction, engineering, IT, business and financial servicesIt is prominent in India, UK, the European Union,and AustraliaPMPvs PRINCE2: Certification BodiesWell, these certifications are provided by the prominent certification bodies of project management and are equally prestigious. Having certification stamp of these instit utes automatically beefs up your resume and puts you in the elite group of professionals.PMPPRINCE2PMPvs PRINCE2: Eligibility Fee StructureNow, prerequisites are the important factor which you must know before you apply for any of these certifications. PMPand PRINCE2, both have different requirements. Check out the table below, to know about them in detail:PMPPRINCE2FoundationPRINCE2 PractitionerMin Experience Required3 YearsN/APM Experience Required4500/ 7500 Hrs.N/AFormal Training RequiredYesExam Cost555 USDIncluded in Training FeeRenewal Cycle3 YearsN/A5 YearsRenewal CriteriaPDUsN/AShort ExamExam FormatBeing well acquainted with the exam format is the first step to cracking it. Being the most reputed certifications in the field of project management, clearing these exams is no joke. You must have a thorough knowledge of the exam you are going to appear for. Few of the major differences are listed below:PMPPRINCE2Foundation PRINCE2PractitionerNo. Of Questions200758 x 10Total Time 4 hrs1 hr2.5 hrsExam PatternAbstract Questions with Multiple ChoiceAbstract Questions with Multiple ChoiceScenario-Based Subjective QuestionsPassing ScoreNot Disclosed, Psychometric Assessment50%55%Exam CenterPrometricOnlineOnlinePreparation TimeGetting acquainted with the exam pattern is the first step in exam preparation. But for the actual preparation, you need to build a detailed schedule based on the time bracket you have and the syllabus you need to cover. But just creating schedule wont do, adhering to it, is a must in order to succeed. So, for your reference, I have added a rough outline of prep time for all the three certification exams.PMPPRINCE2Average SalaryNow, last but not least. The driving factor that makes professionals take these certifications is the salary factor. Below is the summation of the average salary of a professional holding any of the certifications among PMPvs PRINCE2.CompaniesBig brands across the globe often hire professionals with these certificatio ns. Few of the companies hiring PMPand PRINCE2 professionals are:PMPPRINCE2Since you are familiar with the nitty gritty of PMPand PRINCE2certification, in the next section, I will deal with the major question revolving in your mind.Which certification suits you better?As I have already mentioned, both certifications are prominent in the project management field and hold paramount importance. So, you can opt for either of the two. But before you choose your certification, there are a few important aspects that you need to consider like:Decide on where you want to work and what is your location preference?In your project, during which phase you will be focusing on your clients?Which work routine do you think will suit you better?Once you sort out your priorities based on these aspects, I am sure the answer to your question will become crystal clear.This brings us to the end of this blog on PMPvs PRINCE2. Hope, I was able to give you a clear picture of each of these certifications and help you to decide on which certification to go for.If you found this PMPvs PRINCE2blog, relevant,check out thePMPCertification Exam Trainingby Edureka,a trusted online learning companywith a network of more than250,000satisfied learnersspread acrossthe globe.Got a question for us? Please mention it in the comments section and we will get back to you.Recommended videos for you The Agile Way with PMI-ACP-I Watch Now The Agile Way with PMI-ACP Watch Now Meaning of Six Sigma: The Industry-Independent Methodology Watch Now Path to PMP : Cracking Project Integration Management I Watch Now Introduction to PMI-ACP ® Watch Now Path to PMP : Cracking Project Integration Management II Watch Now A Beginning to ITSM Watch Now Lean Six Sigma Certification for Starters Watch Now ITIL Foundation : Master the Art of Implementing IT Service Management Watch Now Path to PMP- I Watch Now Path to PMP Watch Now Introduction to PMP ® Watch Now ITIL CSI: The Age of Continual Service Improvement Watch No w ITIL : Master the Art of Implementing IT Service Management II Watch Now Path to PMP : Cracking Project Integration Management II Watch Now The Agile Way With PMI-ACP ® Watch Now Refresh and Evaluate your Readiness for PMP Exam Watch Now Introduction to PMP ® Watch Now The Agile Way with PMI-ACP II Watch NowRecommended blogs for you What is the Scaled Agile Framework (SAFe)? 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