PRINCE2 Vs. PMP – The Battle of Certifications

If you are within the Project Management field, or if you’ve perpetually wished to immerse yourself during this thriving discipline, you’ve most likely questioned regarding what steps you would like to require to urge certified to advance your career. Each the Project Management skilled (PMP) and PRINCE2 Online Training area unit extremely putative within the field and may validate for employers your understanding of key project management ideas and the way to use them throughout the project management lifecycle.

So that begs the question: that certification is correct for you? It’s not a straightforward call, to be sure, however, worry not – we’ve done abundant of the toil for you! this text offers an outline of PRINCE2 Vs. PMP certifications, necessary edges, and job prospects for everyone. Browse on to form the correct choice!

What is the Key distinction Between PRINCE2 Vs PMP?

Fundamentally, the PRINCE2 and PMP Certification involve two totally different project management frameworks. Each supplies a body of data, and a tested approach to managing comes effectively. Choosing one over the opposite could be a call that involves many factors. The best selection ought to be supported by the trade or company you’re attending to build a career in and also the style of project you’re aiming to lead or direct. Each certification program area unit of equal price, albeit in several aspects of project management.

The Project Management skilled (PMP) Certification

One of the foremost extremely regarded certifications within the world for project managers, the PMP or Project Management skilled Certification could be a qualification program that’s offered by the Project Management Institute (PMI). Numerous industries use PMP as a customary demand for project managers. Changing into a PMP empowers you to figure with any methodology and in any trade. The certification course covers a large spectrum of project management techniques and competencies that are unit necessary for any project manager and may facilitate increase your earning potential. This course, administered by PMI within the USA, has conjointly gained quality in Europe and Asia.

The PMP Qualification

Is indicative of your proficiency in mistreatment the PMBOK Guide, the Project Management Book of data.

Verifies your information about “generally-accepted” best practices and principles of project management.

The comes in Controlled Environments (PRINCE2) Certification.

The PRINCE2, or ‘Projects IN Controlled Environments’ certification, could be a process-based project management technique that gives a scientific approach to delivering a prospering project with clear templates, processes, and steps. The certification is each method and project-focused. PRINCE2 is run within the kingdom by the APMG.

The PRINCE2 Qualification

It is a broad, high-level, general framework of project management principles, which suggests it’s suggested for and may be enforced on with reference to any project.

Has a well-laid out and standardized approach to project management.

Spells out the roles and responsibilities of every member of the team tasked with managing the project.

Divides the master project set up into project plans, stage plans, and team plans, which eliminates ambiguity and makes it easier to execute the project.

It is each project and method targeted.

Industry Demand

If you would like to urge one among these certifications, it’s necessary that you simply do your analysis before you start to steer down one path vs. the other. Every certification is in higher demand in specific geographies; thus, you would like to see that of the 2 certifications that can boost your employability. Also, a couple of trade sectors like PRINCE2 certification, whereas others like the PMP certification.

The PMP certification is most popular within the USA, Canada, geographic region, and Australia. PRINCE2, however, is recognized within the kingdom, Europe, and Australia.

Region-Wise Preferences of the Project Management Certification

PRINCE2 Vs. PMP: pay Prospects

Several studies and surveys show that certified professionals in project management earn far more than their non-certified peers. 

Having a project management certification, particularly ones like PRINCE2 and PMP, signifies that a private is aware of and understands the universal language of project management.

The PMI Project Management pay Survey – Tenth Edition states that the salaries of project managers around the world still climb.

In the U.S. alone, the typical annual pay of a licensed PMP is $112,000 p.a. They earn a median of 2 hundredths quite their non-certified peers. The best average pay for PMPs is in the European nations at $130,966.