Power sector, in India, is one such example. But there is no such hard and fast rule for appearing a Prince2 certification exam. By Simon Buehring on 20 Mar 2020. The non-members need to pay $555 while members pay $405. PMP® and PRINCE2® – Salary Overview. 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.. 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 pattern will continue in the near future and will lead to a growing need for professional, experienced project managers. Secondly, it gives due importance to the particular techniques adopted for completing the project. Although the certification bodies, Axelos and the Project Management Institute (PMI), tend to play friendly with each other, they are competitors. Earlier, the UK’s cabinet office was supposed to be the owner of the certification but at present it is owned by AXELOS. But … 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. However, if one talk about PMBOK Guide, you will come across more of How questions. Various industries use PMP® as a standard requirement for project managers. 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. In most areas of the world, project management certification is a choice between these two. It largely depends on the test center you are opting for appearing in the exam. PMP and PRINCE2 certifications are certainly different from each other but they have a common goal: to improve the success of projects. The decision of selecting PRINCE2 vs PMP certification must be based on the industrial demand. PMP, PMI, PMBOK, CAPM, PgMP, PfMP, ACP, PBA, RMP, SP, and OPM3 are registered marks of the Project Management Institute, Inc. If you are applying for a PMP certificate examination, you have to fulfill a number of perquisites before you can register yourself at PMI. Both the Project Management Professional (PMP®) and PRINCE2 (Projects In a Controlled Environment) are highly reputed in the field. The exam fee of PMP is different for members and non-members. PMP® Vs PRINCE2® in UK. So, the choice should be made attentively. PRINCE2 vs PMP : A l’heure du choix. There are no defined prerequisites for the PRINCE2® exams. With different regulatory bodies, the exam application process for both the courses also differs from one another. 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. According to Payscale.com, insights of average salaries for PMP® and PRINCE2® in the US and UK are given below. What’s the difference between them? Difference Between PMP vs PRINCE2 Certification training PMP vs PRINCE2 Why one rather than the other? Certification in the PRINCE2 methodology is an excellent complement to your PMP credential and awards PDUs for instructor led classes or online learning. 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. On the other hand, Prince2 is more popular in UK, Australia and other countries of the European continent. It is globally recognized and tests your knowledge in effective project implementation. These certifications are fundamentally different from each and moreover, they are affiliated with different accreditation boards. The PRINCE2® Practitioner certification exam requires you to pass the Foundation exam or possess another project management certificate like PMP®. All in One Project Management Bundle (100+ Courses). Therefore, it is important to have an extensive knowledge of these courses and then choose one which is best for your career. The approach is quite a clear right from the beginning of the task. There are number of organizations which prefer PMP certification over PRINCE2 certification. 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. erheblichem bürokratische Aufwand verbunden ist und Ressourcen wie Zeit und Geld erfordert. 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. A professional would benefit from the skills and knowledge that both of these certifications offer. Has a well-laid out and standardized approach to project management. PRINCE2®, however, is recognized in the UK, Europe, and Australia. *Lifetime access to high-quality, self-paced e-learning content. According to Payscale.com, insights of average salaries for PMP® and PRINCE2® in the US and UK are given below. However, many students aspiring to serve the IT sector do get perplexed regarding the appropriate choice of the course. Here each team member is familiar with his job responsibility and how to cater it professionally. As a result of the Continuing Certification Requirements, you’ll need to stay active within the project management community. Is the question that many project managers have in their mind, before they decide on their project management certification path. Here questions will be related to planning, implementation and controlling the project. Project Management Institute (PMI) Scheduling Professional. Certification Validity & Renewal – CAPM Vs PMP Vs PRINCE2 CAPM certificate once obtained is valid for 5 years. PRINCE2 and PMP are useful and complementary tools in your skill set – they don’t compete. The examination of the Foundation and the Practitioner levels are different. 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. 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. PMP Certification Exam cost is $555 or INR 39,856. 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. Firstly, PMP certifications make you an eligible candidate who can expect a flourishing pay on the completion of the course. The PRINCE2® Foundation exam tests the individual with 75 multiple-choice questions for 60 minutes. It includes-, Out of the three, the Foundation and the Practitioner levels are the most important and popular amongst the candidates. PMP ® PRINCE2 ® PMP ® vs PRINCE2 ® : Eligibility & Fee Structure. For example, project charter in PMP® is what is known as project brief in PRINCE2®. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to our Privacy Policy, Cyber Monday Offer - All in One Project Management Bundle (100+ Courses) Learn More, 100+ Online Courses | 400+ Hours | Verifiable Certificates | Lifetime Access, Project IN Controlled Environment Certificate, knowledge of project management principles, Project Management Course - All in One Bundle. 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.. January 31, 2019 February 5, 2019 Darrin PMI-PMP® Certification. The selection of one of the PRINCE2 vs PMP certification depends … To maintain the PMP® certification, you will need to attain 60 PDUs or Professional Development Units every three years. ITIL VS PRINCE2 VS PMP . By. One of the most highly regarded certifications in the world for project managers, the PMP® or Project Management Professional Certification is a qualification program that is offered by the Project Management Institute (PMI®). However, PRINCE2 is significantly easier to obtain, and this could result in higher numbers as well as a loss of reputation in some areas. If one talks about PMP is given priority in the United States and other American countries. The PRINCE2®, or ‘Projects IN Controlled Environments' certification, is a process-based project management method that offers a systematic approach to delivering a successful project with clear templates, processes, and steps. PMP® and PRINCE2® are not competing for credentials in all regions. The person has to answer nine questions in practitioner level in about 150 minutes. Picking one over the other is a decision that involves several factors. This means, whether you want to or not, you’ll be continually sharpening your skills. ), at $130,000. Certified Associate in Project Management (CAPM) which is the junior level of PMP. Since PMP certifications are globally recognized, the big giants will give you a preference over others when you have the certificate. Irrespective of the certification, a certified project management professional can demonstrate high PM skills. PMP & PRINCE2 are two well-known certifications in the field of Project Management. The approach used by these certifications are well proven as per the industry norms. PRINCE2 ® and Project Management Professional (PMP) ® qualifications are known and sought-after around the world. Should I work towards a PMP, IPMA or PRINCE2? PRINCE2® is administered in the UK by the APMG. First of all, it can be said that it is a very elaborate and descriptive program. So, after 5 years you can retake the exam or prepare for other PMI certifications based on your eligibility, preparation, and interest. The demand for the certification varies both industry wise and on the location. There are also specific benefits that come with each certification. PMI vs Prince2. PRINCE2 and PMP (Project Management Professional) are the two main certifications for project managers in the world today. Some industries prefer PRINCE2 certified project managers, others prefer PMP certified ones. 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. PRINCE2 Vs PMP – Which Certification Better? 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. 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. For the Foundation level, you need to deposit $365 and for the Practitioner level, it is $485. While the former focuses more on the perspective aspects of knowledge, the later resorts to a more vivid technique. When people are talking about PRINCE2 certifications, they usually refer to the PRINCE2 Foundation and PRINCE2 Practitioner. Although, PMI is located in Texas US, but the course is widely carried out in other continents as well including Europe and Asia. Many people view the PRINCE2 and PMP certifications as different, which is why there is a battle between the two certifications. Now, if one has to compare PMP and Prince2 on the basis of better salary prospect, then PMP surpasses the Prince2 certification. So that begs the question: which certification is right for you? Prerequisites of PRINCE2® vs PMP® PMP® Exam eligibility, as … You need to have experience in directing the projects and also obtain project management education. Further, this preference of the certification varies from country to country. If you're in the Project Management field, or if you’ve always wanted to immerse yourself in this thriving discipline, you’ve probably wondered about what steps you need to take to get certified to advance your career. Both have their pros and cons and so the selection should be made quite wisely. No experience or degree is required for either the Foundation or Practitioner levels. Fundamentally, the PRINCE2® and PMP® Certification involve two different project management frameworks. When comparin… Having certification stamp of these institutes automatically beefs up your resume and puts you in the elite group of professionals. PMP ® vs. PRINCE2 ® Exams and Certificates. Within these five larger domains are a multitude of other skills like risk identification, quality management, change management, materials management, and much more. PMP ® vs PRINCE2 ®: Certification Bodies. Much has been written on Bright Hub about the Project Management Institute and PRINCE2 and their best practices and certification levels. PRINCE2 ® vs PMP ®. So, if you want to become a member of PMI then the membership fee is around $100. You have to prepare exceedingly well to pass the exam with a good percentage. The training organizations have an important role in your PRINCE2 certification process. 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. This article will offer a rundown of PMP® VS PRINCE2® certifications, vital advantages and career prospects for everyone. Also, a few industry sectors prefer PRINCE2® certification, while others prefer the PMP® certification. This article offers an overview of PRINCE2® Vs PMP® certifications, important benefits, and job prospects for each one. According to a Payscale.com survey, male PRINCE2® professionals earn $90,000, while women earn $77,000. If you’re looking for an appropriate professional certification to take your career forward, then you should never get perplexed regarding the choice of the courses. 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. According to a PMI® survey, the highest salary a PMP® can earn is in the resources industry or the primary sector (agriculture, mining, etc. PRINCE2 apporte une vraie vision méthode, avec une organisation type de pilotage, une répartition des rôles dans le pilotage d’un projet et un découpage projet en phases avec des jalons formels de validation. This course, administered by PMI in the USA, has also gained popularity in Europe and Asia. PRINCE2 vs PMP Certification, Industry Needs. Is indicative of your proficiency in using the PMBOK® Guide, the Project Management Book of Knowledge. Benefits of Getting a PMP vs. Getting a PRINCE2. Now it’s time to compare the exam fee which you need to deposit for appearing in it. Both PMBOK Guide and Prince2 are quite dissimilar to each other. Each certification is in higher demand in specific geographies, so you need to determine which of the two certifications will boost your employability. On the other hand, the cost of the Prince2 may be different. Both have good career prospects and will help in shaping your bright future. ALL RIGHTS RESERVED. You cannot take the exam directly from AXELOS. The registration procedure of the PMP exam is very simple. PMP certificate once achieved is valid for 3-year period. The basic difference between the two exam formats is that while PMP tests your knowledge of project management, Prince2 will examine the methodologies of project management. PRINCE2® is focused mainly on the processes and the framework to execute specific types of projects in controlled environments successfully. 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. Therefore, one can say that there is almost an equivalent distribution amongst the various regions regarding the first choice of the certification. As far as PMP is concerned, the candidate should have about sixty Professional Development Units (PDUs) after alternative three years. Please watch this video, to get idea on these two certifications. Du côté agile, PSM ou PSPO , soit Scrum Master soit Product Owner : c’est vraiment pour appréhender une façon de livrer de manière itérative un produit ou un service et on est sur les deux rôles qui font parti de la méthode Scrum ®. PMP & PRINCE2 are two well-known certifications in the field of Project Management. Both certification programs are of equal value, albeit in different aspects of project management. Getting ITIL, PMP, or PRINCE2 certification comes with a price, both time and money. Any candidate, who enrols for a professional course or a certification, does so with an intention to get a higher pay. 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. 636. Indeed, you can apply your knowledge and experience in whichever industry you work with. PRINCE2 ® vs PMP ®. Do not think that PMP and Prince2 are pitching against one another, but you will need both to implement your project framework. The PMP® certification is preferred in the USA, Canada, Middle East, and Australia. In this guide as well it’s mentioned clearly that “this standard is a guide rather than a specific methodology. PRINCE2 and PMP (Project Management Professional) are the two main certifications for project managers in the world today.