We always look for advancement in our careers. Taking up new challenges that can give us fruitful results and monetary benefit is the major reason why we should keep upgrading our skill set. If you are in the project management field you must be looking for professional training courses that can make an impact in your career. The most demanded project management courses are PMP certification and PRINCE2 Certification. If you are looking for a detailed comparison for the PRINCE2 Vs PMP course then continue reading.

If you are given a choice to choose between the two best products then how do you choose one? You might look at the parameters such as scope, cost, availability, advantages, etc. Similarly, if you are looking for a professional course you will have to consider these points and then compare and contrast them to reach a conclusion.

Now, we will discuss the aspects of two highly professional project management courses PRINCE2 and PMP. Let’s compare and contrast the two programs so that you can get clarity of which project management program you should choose to get the highest benefit.

Before jumping to the aspects let’s take a dig at the introduction of these courses.

What Is PMP Certification?

PMP stands for Project Management Professional which is a certification exam conducted by the Project Management Institute. The agenda of this certification is to validate your knowledge and skills in the field of project management. The company recruits its employees from various regions and therefore the need for a Project Manager with a standard skillset and knowledge becomes mandatory.

What Is PRINCE2 Certification?

PRINCE2 stands for Projects In Controlled Environment. Just like PMP, the aim of PRINCE2 certification is also to give fundamental skills required to be a successful project manager who can lead projects of organizations under given constraints.

Difference Between PMP And PRINCE2

If you are still confused with the importance and role of these two certifications let’s quickly see how PMP differs from PRINCE2.

By now you must have understood the major reason why people choose PMP and PRINCE2 certifications. The major role is to gain project management knowledge. However, the framework of the two certifications differs.

  1. The major difference between the two most preferred project management programs is the Approach. PMP is a more knowledge-driven process whereas in PRINCE2 the management of the project is done process which is based on methodology.
  2. If you are looking for a job that requires high project management skills then you should ideally take up PMP certification whereas, in a company where everyone has defined roles and responsibilities to play, PRINCE2 is a must.
  3. PMP is a theoretical approach whereas PRINCE2 is prescriptive which means your approach can be altered with the projects.

To conclude, we can say that both certification hold equal importance and recognition. The candidate needs to analyze their needs and then opt for certification. Since both of them have different approaches in proceeding with a project you can also do both the certifications to make a better position in the competing IT field. PMP and PRINCE2 both compliment each other and one can master both to have an excellent career as a Project Manager.

You have got an idea about the vitality of these IT certifications. However, if you wish to pursue one you must know which one is a better option for your career. To throw some light on this we will further study the aspects of PRINCE2 and PMP.

Let’s compare and contrast the two programs on various grounds so that you can get clarity of PMP vs PRINCE2 certification and then decide which project management program you should choose to get the highest benefit.

1. Skill Development

The first aspect of getting a certification is skill development. We gave exams to gain knowledge and move forward in life. Similarly in a professional environment, one needs to keep upgrading their knowledge and enhance their skills. Talking about the difference of skills one can get through PMP and PRINCE2 certification, here are some points.

  • Develop professional relationships through networking
  • Gaining the trust of the clients by delivering projects on time
  • Building a good reputation of the company
  • Great listening skills to detect emergency situations
  • Appropriate use of power
  • Conflict management

2. Exam Format

Every examination has a different [pattern by which they examine their candidates and then certify them for the course that they picked. Talking about this, let’s compare the difference in the exam pattern of PMP and PRINCE2.

PMP Exam Pattern

Online Exam conducted at PMI approved testing center.
Exam duration 4 hours (240 minutes) no additional reading time included
200 MCQ (Multiple Choice Questions) out of which 25 are pretest questions
The 25 pretest questions are not included for scoring in the exam
Testing is computer-based so the results are declared immediately after the exam
The certificate of the course is received after 4-6 after passing the exam.

PRINCE2 Exam Pattern

The exam is conducted online and the candidate can choose a time and place of their convenience.
The Prince2 Foundation exam is a closed book exam of 1 hour (60 minutes)
60 multiple choice questions out of which 33 questions must be answered correctly in order to pass.
The passing percentage is 55%.
Whereas in the Practitioner course it is 2 and a half hours (150 minutes) comprising 68 multiple choice questions out of which 38 questions must be answered correctly in order to pass
Unlike PMP the test results of PRINCE2 are declared 5 days after the exam on the Peoplecert website

If you are interested in knowing the prerequisites of these certifications then we have researched and brought before points to tell you what you require in order to opt for PMP or PRINCE2 certification.

Pre-Requisites For PMP VS PRINCE2

Since we are comparing the things required for these two professional-level management courses it will become easy for you to make a choice.

For PMP

⦁ Four years Bachelor’s degree or a globally equivalent.
⦁ Minimum 3 years (36 months, i.e., 4,500 hours) of hands-on experience in all five process groups of project management, directing and leading project tasks, and
⦁ 35 hours of mandatory training in project management OR a CAPM Certification.

For PRINCE2

⦁ No such eligibility is required if you are choosing PRINCE2 certification of Foundation and Practitioner courses. But it is good if the candidate has some experience of Project Management
⦁ No eligibility is required for students to sit in the PRINCE2 Foundation exam
⦁ For the Practitioner exam, any one of the following is required

⦁ PRINCE2 Foundation Certificate
⦁ PMP
⦁ IPMA Level A (Certified Projects Director)
⦁ IPMA Level B (Certified Senior Projects Manager)
⦁ IPMA Level C (Certified Project Manager), or
⦁ IPMA Level D (Certified Project Management Associate).
⦁ CAPM

PMP Vs PRINCE2 Salary Overview After Certification

Along with successful careers, people are also concerned about their annual package. Having project management certifications can help you a lot in taking a salary hike from your current job. Let’s talk about the project manager salary overview after PMP and PRINCE2 certification.

After doing several rounds of surveys one thing has been clear that certifications can increase your annual package. To be precise about the annual package, in America it has been found that the average project manager salary is about 8344167.66 INR.

So, your value and skill increase after doing a professional project management course from a certified institute. You can choose the best certification based on yourregion to get the maximum benefits.

What Is The Goal Of A Project Manager?

A project manager will take up the responsibility of a project and will contribute to making strategies to reach a desirable goal. Furthermore, the skills required by a project manager can be acquired by these certification courses.

An organization can benefit a lot from hiring a qualified Project Manager. The skills learned by them can be put to wise use. Here are some highlighted points that indicate key advantages of Project Manager.

How Can A Project Manager Benefit An Organization?

Here are some highlighted points that indicate the key advantages of a Project Manager in an organization.

⦁ Stay ahead in the competition
⦁ Implementing effective strategies
⦁ Gaining valuable projects
⦁ Improvement in work culture
⦁ Customer Satisfaction