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PMP® Vs PRINCE2® Vs CAPM®: Which One's Right for You
Many professionals look after the projects with all their dedication. Let us look at PMP vs PRINCE vs CAPM and understand which one is right for you. Read on to learn more about the same!
The project manager is one of the fastest-growing job roles worldwide, and it is also one of the most lucrative positions. Now, many of you are already aware of the fact that Project managers require project management certifications to get a high paid job. These certifications not only help you land a high-paying job but also give you a highly in-demand skill set, ensuring the way for rapid career growth.
Now a lot of project management certifications are available, and every certification has its importance and value. Today we will discuss some of the most popular certifications: PMP, PRINCE2, and CAPM. We will also tell you which one is for you and when to choose them.
What is PMP?
PMP stands for Project Management Professionals, and it is one of the most demanding certifications in the modern world. It is a high-level certification making you a well-experienced and skilled professional in the field of Project Management. Persons with this certification know everything related to project management, and they are professional in every Project Management process like initiation, planning, execution, monitoring, closing, etc. This certification is a must if you want to land a high-paying job and a high designation.
What is PRINCE2?
PRINCE2 stands for Project in Controlled Environments, and this certification is also very popular in the industry. It is different from PMP because it is an IT process-based method. It is a completely new methodology dealing with detailed knowledge of different processes, templates, models, and steps. Under this certification, you will get different levels: foundation, practitioner, and professional. This certification will make you a master in project management processes, and you will be capable of delivering projects successfully in the least time and with great efficiency.
What is CAPM?
CAPM stands for Certified Associate Project Management, and it is an entry-level certification required by every candidate to kick start his career in this industry in the best way. If you have this certification, you will get a job in the Project Management domain easily, and you will stand out from others. It will also help gain a more lucrative package. Also, if you want to become a master in this domain, you must start your journey with this certification. Once you do this certification, you will be packed with various skills and management qualities.
PMP® Vs PRINCE2® Vs CAPM®
Here is the comprehensive differentiation among these three popular certifications.
| Factor | PMP | CAPM | PRINCE2 |
|---|---|---|---|
| Standard | Highly advanced standard for professional | Entry level for beginners or freshers | Have different standards |
| Industry | Used and highly effective for different industries | Used and highly effective for different industries | Perfect and highly effective for IT industries |
| Salary | High packages and designation | Entry-level packages and designation but relatively more than non-certified candidates | Depends upon the level of certification you have. Overall high packages and important positions. |
| Type | Based on PMBOK standard | Based on PMBOK standard | It’s a complete and comprehensive methodology |
| No. of levels | One | One | Three: Foundation, Practitioner and Professional |
| Renewal | After every 5 years | After every 3 years | Lifetime validity |
| Popularity | North America, Asia and the Middle East | North America, Asia and Middle East | Europe and Australia |
| Country of Origin | USA | USA | UK |
| Provider | Project Management Institute (PMI) | Project Management Institute (PMI) | Project Management Institute (PMI) |
Which One is for You?
After seeing the above comparison, it will not be difficult for you to choose. To make it simpler, we will tell you which one is for you. If you want to start your career in project management, start your journey with CAPM certifications. It is an entry-level certification, and once you complete this, your Resume will shine from thousands of your competitors.
Now, if you are already in the Project Management domain and want to give your career rapid growth, go for PMP. This certification will open doors to unlimited opportunities, and your career will grow rapidly. This advanced professional course will make you more skillful, and landing a high package and designation will become easy with this certification.
If you are focusing on the project management domain in the IT industry, PRINCE2 is for you. It is a very popular and comprehensive certification with three different levels. After doing this certification, you will always be involved in project development, management, and delivery, making you an important person. And if you complete the highest-level certification, you will not need anything else to live a satisfactory life.
Conclusion
Obtaining the certifications will advance your project implementation abilities and establish you as an authority on standardized procedures. You will be more effective in completing projects quickly and efficiently with an improved knowledge of project management, earning the respect of your superiors in the process. Additionally, you might earn the promotion you deserve.
You will become a better project-qualified professional if you have a solid understanding of project management frameworks, tools, and methods. It gives the impression that you are a knowledgeable professional with practical execution experience who is familiar with industry best practices.
You will possess solid insight and the ability to handle projects better after undergoing demanding training and testing. You can learn and use all the most recent project management techniques with the aid of project management certificates.
Whether you talk about PMP, CAPM, or PRINCE2, every certification is important and in high demand. In more specific words, the real difference is between CAPM and PRINCE2 because PMP is nothing but the extended or advanced version of CAPM, while PRINCE2 is a completely different certification. PMP and CAPM focus mainly on the result, while PRINCE2 focuses more and mainly on processes. So go through the comparison thoroughly and choose which suits you the most.
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