So, the choice should be made attentively. Is the question that many project managers have in their mind, before they decide on their project management certification path. 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 … 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. Well, these certifications are provided by the prominent certification bodies of project management and are equally prestigious. 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. 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. Firstly, We will check the prerequisites of PRINCE2® vs PMP®, then the exam cost of PRINCE2® vs PMP®. The Practitioner exam is an objective, scenario-based paper. PRINCE2 and PMP are useful and complementary tools in your skill set – they don’t compete. By. The cost of the PMP® exam - though a little expensive - is well worth the investment. Well, the answer is both the certifications. Both have good career prospects and will help in shaping your bright future. PRINCE2 and PMP (Project Management Professional) are the two main certifications for project managers in the world today. 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®, however, is recognized in the UK, Europe, and Australia. Irrespective of the certification, a certified project management professional can demonstrate high PM skills. Both certification … January 31, 2019 February 5, 2019 Darrin PMI-PMP® Certification. It’s not an easy decision, to be sure, but worry not – we’ve done much of the hard work for you! The non-members need to pay $555 while members pay $405. However, be a little cautious while registering for Prince2 exam as you cannot do so directly at AXELOS. This will help you to strategize your plans more skilfully taking all the vital factors into account. 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. The Tenth Edition of the PMI Survey suggests that salaries of project managers around the world re continuing to climb and that in the US alone, the average salary of a certified PMP is $108,200 per year. The registration procedure of the PMP exam is very simple. But … Several studies and surveys show that certified professionals in project management earn much more than their non-certified peers. PMP Vs PRINCE2: The PMP certification in recent years has become one of the most profitable and demand-driven career opportunities. You cannot take the exam directly from AXELOS. 636. Many people view the PRINCE2® and PMP® certifications as different, which is why there is a battle between the two certifications. You should have at least cleared the intermediate exam from any high school or should be a graduate. Eine PM-Zertifizierung ist ein Plus im Lebenslauf. However, the selection should be made only after considering all the vital factors. The certification is both process and project-focused. PMBOK and PMP are better known in the USA, Canada, Middle East, and Australia, while PRINCE2 is better known in the UK, Europe, and Australia. I suggest to slowly get hands on experience in project management, coordination, planning actives so that you appreciate PRINCE2 / PMP best practices in delivering successful projects. PRINCE2 ® vs PMP ®. In the same way, if you are working in the USA, Canada, and the Middle East, you can prefer PMP. what is the difference between prince2 and pmp certification, pmp vs. prince2, pmbok vs prince2, pmp exam prince2 exam more popular, reconciled Some of us are not aware of the full details of the remaining two certifications namely CAPM and PRINCE2. PMP & PRINCE2 are two well-known certifications in the field of Project Management. First let’s analyze the benefits of PMP certification. 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. The highest average salary for PMP®s is in Switzerland at $130,966. PRINCE2 vs PMP is the wrong question to ask. 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. 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. PRINCE2 and PMP are useful and complementary tools in your skill set – they don’t compete. January 31, 2019 February 5, 2019 Darrin PMI-PMP® Certification. The decision of selecting PRINCE2 vs PMP certification must be based on the industrial demand. But there is no such hard and fast rule for appearing a Prince2 certification exam. As far as PMP is concerned, the candidate should have about sixty Professional Development Units (PDUs) after alternative three years. That means a careful and calculated decision has to be made about the value of these certifications in your personal growth and career. © 2020 - EDUCBA. Therefore, one can say that there is almost an equivalent distribution amongst the various regions regarding the first choice of the certification. PMP® and PMI® have registered trademarks of the Project Management Institute, Inc. Prerequisites of PRINCE2® vs PMP® PMP® Exam eligibility, as … In most areas of the world, project management certification is a choice between these two. This enables you to save ample time and resources. So, the choice is yours when it comes to picking a certification program in between PMP and Prince2. PMP® Vs PRINCE2® in UK. Please watch this video, to get idea on these two certifications. 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? By Nader K. Rad. Spells out the roles and responsibilities of each member of the team tasked with managing the project. Therefore, it is important to have an extensive knowledge of these courses and then choose one which is best for your career. Now let us make a comparative study between Project Management Professional and Prince2 based on the following parameters. For the Foundation level, you need to deposit $365 and for the Practitioner level, it is $485. PRINCE2 vs PMP. Has a well-laid out and standardized approach to project management. PRINCE2 ® and Project Management Professional (PMP) ® qualifications are known and sought-after around the world. The PMI and PRINCE2 certifications are the big two, and IPMA is significantly smaller. La certification PRINCE2 permet de valider la bonne compréhension de cette méthode. Some essential certificates besides PMP include-. When people are talking about PRINCE2 certifications, they usually refer to the PRINCE2 Foundation and PRINCE2 Practitioner. Check out the Simplilearn's video on PMP® certification training course. According to a survey conducted by the PMI, male PMP®professionals in the U.S. earn $116,000 while female PMP® professionals earn $105,000, about $11,000 less than their male counterparts. The PMP® certification is preferred in the USA, Canada, Middle East, and Australia. The exam fee of PMP is different for members and non-members. 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. The PRINCE2® Practitioner certification exam requires you to pass the Foundation exam or possess another project management certificate like PMP®. Getting ITIL, PMP, or PRINCE2 certification comes with a price, both time and money. On the other hand, Prince2 is more popular in UK, Australia and other countries of the European continent. Different Techniques: Some techniques differ vastly, such as the categorization of risk. In fact, when you search on the internet, you would come across several certifications. You just need to log on to PMI training center and register online after paying the fee. They are equally valued and preferred by industries. erheblichem bürokratische Aufwand verbunden ist und Ressourcen wie Zeit und Geld erfordert. When you sit down to prepare for the questions, you will come across more of ‘W’ based questions (when whom, what etc) in Prince2. Certified Associate in Project Management (CAPM) which is the junior level of PMP. Secondly, the exam format of both, and finally how to maintain certification on PRINCE2® and PMP®. 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.. A candidate perusing Prince2 certification is tested on various levels. 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. 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. With different regulatory bodies, the exam application process for both the courses also differs from one another. 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. PMP . The most difficult is PMP certification. Within these five larger domains are a multitude of other skills like risk identification, quality management, change management, materials management, and much more. However, both are equivalent in terms of value and can help in taking your career forward. 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. For example, project charter in PMP® is what is known as project brief in PRINCE2®. That’s because it requires a minimum of 4,500 hours and a 4-year degree. ), at $130,000. Both offer a body of knowledge and a proven approach to managing projects effectively. 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. In fact, this is often regarded as one of the vital factors for choosing a certificate course. It is a new joint venture company. 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. If one talks about PMP is given priority in the United States and other American countries. The Practitioner exam, however, is valid for 5 years, after which it will become invalid. The PRINCE2® Foundation exam needs no renewal. This means, whether you want to or not, you’ll be continually sharpening your skills. 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 approach used by these certifications are well proven as per the industry norms. Many people view the PRINCE2 and PMP certifications as different, which is why there is a battle between the two certifications. PRINCE2 Foundation certification can be obtained just by passing the exam. Picking one over the other is a decision that involves several factors. There is a set of prerequisites that one will need to meet to take up the PMP® exam. 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. PMI vs Prince2. PMP, PMI, PMBOK, CAPM, PgMP, PfMP, ACP, PBA, RMP, SP, and OPM3 are registered marks of the Project Management Institute, Inc. Although, PMI is located in Texas US, but the course is widely carried out in other continents as well including Europe and Asia. Cost of PRINCE2 Certification: Training fee for the PRINCE2 Foundation and Practitioner is based on various factors like days of training, modes of training, Average cost of the PRINCE2 certification training is $100 - $250. The passing percentage is 50 in foundation and 55 in practitioner level exams. It is more of a methodology than a guide. PRINCE2 is a rigorous process that has various models and unique templates that give you directional steps to follow when running a project. Since PMP certifications are globally recognized, the big giants will give you a preference over others when you have the certificate. The individual is tested based on 9 questions with a time limit of 2.5 hours. 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.