Monday, 17 November 2014

PRINCE2 vs. PMP - which certification should you choose?


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PRINCE2 and PMP are both well-known and respected project management certifications. But it’s not always easy to know which one to achieve. And whilst they’ll both give your project management skills a boost, what’s the use if you can’t apply your new knowledge in the workplace?

Let’s pit these two certifications against each other and take a look at what they can do to boost your career.

Introducing PRINCE2 & PMP

PRINCE2 - Projects in Controlled Environments

Originally developed by the UK’s Office of Government Commerce, it is now regarded as the de-facto standard for project management in the country. It also exerts a visible influence across Europe and Australia.

With over a million total PRINCE2 exams taken, it’s also the most popular project management methodology in the world.

According to arras People’s 2013 UK Project Management Benchmark, the PRINCE2 is held by 63% of all project management professionals.


PMP Project Management Professional

PMP is built around PMI’s Project Management Body of Knowledge (PMBoK). Administered and created in the USA, the PMP has become the primary project management certification for North America.

Despite being less known in Europe than PRINCE2, it’s certainly not unknown and is increasingly gaining in popularity.

According to arras People’s 2013 UK Project Management Benchmark, the PMP is held by 9% of all project management professionals.


What do these certs cover?

PRINCE2

There are two levels of certification within the PRINCE2: Foundation and Practitioner. You’ll have to pass both to become a registered PRINCE2 practitioner.

PRINCE2 is a project management methodology that covers the management, control and organisation of a project. You’ll learn a flexible and adaptable framework that suits a wide variety of different projects.

This certification follows a sophisticated and clearly defined methodology that outlines detailed steps and processes that your project needs to achieve success in a controlled environment.

The well-laid out and standard approach that PRINCE2 uses is designed to be as generic as possible. As a result, the PRINCE2 processes are recommended for just about any kind of project.

PRINCE2 also helps to eliminate ambiguity by laying out clear roles and responsibilities of the team including: project executive, project manager, senior supplier, financier and senior user.

You don’t need previous project management experience to achieve this qualification and even experienced professionals can benefit from the PRINCE2.

PMP

Unlike the PRINCE2, the PMP is structured around the PMBoK and is a project management standard. You’ll become familiar with PMBoK processes and accepted project management techniques to enable you to evaluate your own projects.

It is therefore more of a theoretical and referential guide to assist you in the management of projects.
This certification evaluates your advanced knowledge of project management. As such you are expected to have existing project management experience.

To even apply for the PMP you’ll need at least 5 years of project management experience with 7,500 hours leading and directing projects. You’ll also need 35 hours of project management education (which can actually be gained by completing a PRINCE2 course).


How long will your certification last?

PRINCE2

As a Registered PRINCE2 Practitioner you must be be re-registered within 3-5 calendar years of your original certification. Failure to pass the Re-Registration examination after five calendar years as a Registered Practitioner will result in withdrawal of your registered status.

PMP

After achieving your PMP qualification you must participate in PMI’s Continuiing Certification Requirements (CCR) program to maintain your active certification status.

During the three-year cycle, you must attain 60 professional development units (PDUs). Once your three-year cycle is up, it starts all over again.

You’ll be obtaining PDUs by engaging in project management activities related to your PMP certification. PDUs are split into two categories: Education PDU and Giving Back to the Profession PDU. For more information on how you obtain PDUs, take a look at PMI’s official PMP handbook.


Industry needs and cultural differences

We recommend you thoroughly research your project management certification choices depending on the industry you work, or want to work in. Every industry will treat these certifications differently - you don’t want to achieve a cert which might prove to be less valuable than its counterpart.

When job-hunting in the UK and the EU as a whole, we recommend first taking the PRINCE2. As we mentioned earlier the PRINCE2 is immensely popular - especially in the UK where it is favoured by government.


Benefits – the bottom line

PRINCE2

1. Possibly the best introduction to project management

With its lack of prerequisites, PRINCE2 provides the ideal entry-level qualification for a career in project management. With a clear methodology, the PRINCE2 can take beginners and quickly transform them into educated project managers.

2. Improved career and employment prospects (in the UK and EU)

The PRINCE2 can improve your career prospects across the UK and EU. Due to its popularity in Europe and strong government ties, it is viewed favourably by employers.

 3. A standardised and complete methodology

The PRINCE2 provides a clear methodology that you can continually apply to almost any project. Plus, by using the same approach across every project, you’ll eliminate confusion through the use of common procedures, documents and processes.

PMP

1. Improved salary prospects

The PMP demands tougher prerequisites. It’s harder to achieve and as a result it commands higher salaries.

PMI Project Management Professional jobs display an average advertised salary of £60,000 according to data from ITJobsWatch.co.uk

2. You’ll have up-to-date skills

Unlike PRINCE2, PMP demands commitment to your project management career. As a result of the Continuing Certification Requirements, you’ll need to stay active within the project management community. This means, whether you want to or not, you’ll be continually sharpening your skills. Make no mistake; employers will be aware of this factor.

3. PMI Membership

When you obtain your PMP certification, you can gain PMI Membership. As a PMI member you’ll get exclusive access to publications, networking opportunities and professional development opportunities. You’ll be able to easily connect with peers, grow your career using an expansive collection of knowledge resources and get access to a premium job board for project management.


So who won?

The smoke has cleared and incredibly, both project management certifications are still standing.

This guy just loves project management
morguefile / Ambro
Our project management instructor argues that, in a perfect world, you would have both certifications.  PRINCE2 provides a tried-and-true methodology whilst PMP provides the skills and knowledge required by the Project Manager to carry a project through to completion.

Achieve both and you’ll possess an encompassing and rounded approach to project management.

We recommend you thoroughly research both certifications, depending on what your long-term goals are, which side of the world you’ll be working from and in what industry.

Find out more about PMP and PRINCE2 here.

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About the Author:        
Sarah writes for Firebrand Training on a number of IT related topics. This includes exams, training, certification trends, project management, certification, careers advice and the industry itself. Sarah has 11 years of experience in the IT industry.