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PRINCE2Ā® vs. PMP: Selecting the Top Project Management Certification
The fact that a project manager's skill set is not exclusive to any one industry or kind of organization is one of its most potent benefits. According to the Project Management Institute (PMI) studies, through 2027, there will be a projected increase of around 22 million jobs for project managementārelated occupations across seven industries. This means that during the next four years, 88 million workers will be needed by companies to fill project management positions. A professional benefit can be had by earning a credential such as the PRINCE2 or PMP certification. It's crucial to choose which certification is appropriate for your current career objective because both the PRINCE2 and PMP programs require time and money commitments.
The Projects IN Controlled Environments (PRINCE2) Certification
A project management technique based on processes is known as PRINCE2Ā®, or "Projects IN Controlled Environments" certification. It provides a systematic strategy for delivering a successful project using distinct templates, procedures, and phases.
Being a wide, highālevel, comprehensive framework for a project management concept, the PRINCE2 Qualification is advised for and may be used on almost any project. It uses a structured and consistent method for project management. It also outlines the roles and duties of every team member charged with overseeing the project. The master project plan can be divided into team plans, project plans, and stage plans to remove uncertainty and simplify the project execution. The fact that it is a process and is projectāfocused is its finest feature.
Project Management Professional Certification (PMPĀ®)
The Project Management Institute's qualification program, the Project Management Professional (PMPĀ®) Certification, is one of the most prestigious in the world for project managers. PMPĀ® certification is a prerequisite for project managers across many sectors. You may work with any technique and in any industry if you earn a PMPĀ® certification. The certification program covers a broad range of skills and practices for project management that are essential for all project managers and can boost your earning potential. This USAābased PMI course is becoming more and more wellāknown in Asia and Europe.
The PMP certification demonstrates your familiarity with the Project Management Body of Knowledge, or PMBOKĀ® Guide. It validates your understanding of the best practices and principles of commonly recognized project management.
Key Distinctions Between PMP and PRINCE2 Certifications
Obtaining a PMP or PRINCE2 certification is generally a smart approach to promoting oneself as a project management specialist. Both certificates provide you with project management expertise and triedāandātrue methods. Either certification might set you apart from other applicants, giving you additional work opportunities or even enabling you to receive a greater payout. These qualifications vary, though, depending on a number of variables. The following table represents the key differences between these two certifications ā
| Comparison Base | PMP | PRINCE2 |
|---|---|---|
| Place of Origin | The USA | The United Kingdom |
| Owner | PMP is managed by the USābased Project Management Institute (PMI). | AXELOS Ltd. is the owner of PRINCE2. |
| Purpose | The "how" issues of project management are addressed by PMP. | Project management's "what," "when," and "who" questions are addressed by PRINCE2. |
| Frameworks | Based on knowledge domains including scope, cost, schedule, etc., the PMP provides a descriptive framework. | The prescriptive structure of PRINCE2 is built on industry best practices for projects. |
| Methodology | PMP uses a knowledgeābased technique. | PRINCE2 uses a processābased technique. |
| Exam Guidelines | You have four hours to finish the 200 multipleāchoice questions on the PMP test. | You have one hour to finish the 75 multipleāchoice questions on the PRINCE2 Foundation test. |
| Organization | There are 10 knowledge areas in the PMP. It alludes to being an expert in a certain area of project management. | A comprehensive collection of topics and procedures is included in PRINCE2. There are seven other essential concepts as well. |
| Project Roles | PMP focuses on the job of the project manager. | PRINCE2 emphasizes project roles. |
| Recertification | Every three years, you need to finish sixty PDUs (Professional Development Units) in order to maintain your PMP certification. | It is not necessary to recertify after earning a PRINCE2 Foundation certification. |
| Location | Widely favored in the UK, Australia, and the majority of Europe. | Popular throughout the USA, Australia, Canada, and Switzerland, as well as several regions of Asia. |
Top Tips to Select Between the PMP and PRINCE2 Certificates
When selecting a project management certification, consider taking into account the following tips ā
Begin With Your Prior knowledge ā Since obtaining a PMP certification requires more prior experience than obtaining a PRINCE2 Foundation certification, utilize your present degree of expertise as a starting point when making your selection.
Consider the Subjects to Study ā The PMP certification places more of an emphasis on general project management skills and practices than the PRINCE2 certification does on procedures and frameworks.
Consider Your Location ā Consider where you wish to reside or further your career when choosing a certification because employers may prefer a PRINCE2 or PMP certification depending on your location.
Identify the Timeline for Your Qualification ā Depending on the qualifications needed, a PMP certification might take longer to obtain than a PRINCE2 certification, so decide how fast you want to achieve one.
If possible, Obtain Both ā The PRINCE2 and PMP certifications teach you several project management concepts, and earning both might provide you with a more diverse set of skills.
Conclusion
Both the PRINCE2 and the PMP are excellent project management certifications. The methodologies used by PMP and PRINCE2 are knowledgeābased and processābased, respectively. You can get exposure to both certificates if you wish to succeed in the field of project management. Therefore, you might choose both if you want to be established as a highly respected and skilled project manager.
Passionate and motivated individuals, project managers direct work from initial concepts to finished deliverables, goods, and services. Regardless of the sector in which you work, holding a project management certification demonstrates your commitment to excellence.
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