PMP® Vs. PRINCE2®

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24th Apr, 2019
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PMP® Vs. PRINCE2®

Do you want to take your project management career to the next level? Are you pondering on which one to choose between PMP® and PRINCE2® certification? Acknowledged as the most important industry-recognized certification for project managers, PMP® plays an important role in increasing the earning potential of an individual while benefiting the employers as well. Whereas, PRINCE2® 2017 certification emphasizes on tailoring the method to the needs of organisations and project management environments. Therefore, both the certifications comprise of unique elements that cater to your professional development.

Although, both the certifications offer a plethora of opportunities to move ahead in your project management career, they are provided by two different bodies, namely, PMI® and AXELOS. This blog will help you to differentiate between PMP® and PRINCE2® certifications based on various parameters and enable you to decide which certification will help you to continue with your project management journey.

Know more about importance of project charter.

Difference between PMP® and PRINCE2® certifications

There are two different project management frameworks involved in the PRINCE2® and PMP® certifications. Before moving to the differences, let’s compare both the certifications:

PRINCE2®PMP®
The owner of PRINCE2® certification is AXELOS®, United Kingdom.PMI®, based in the United States administers the PMP® examination.
Its project management methodology explains your actions in order to manage successful projects.It talks about the knowledge that enables you to manage a project with good practices.
It deploys a perspective framework that focuses on processes for starting, controlled execution, and closing of projects.It deploys a descriptive framework which explains the knowledge areas, such as, risk, time management, etc., in detail with good practices.
It consists of an integrated set of process and themes, which can’t be used in isolation. There are 7 principles which should be followed.Each topic/knowledge area involved in PMP® can be referred to in isolation, in a sort of plug and play model.
PRINCE2® defines all the project roles clearly.PMP® mostly focuses on the project manager’s role.
PRINCE2® enables the framework to be highly scalable and flexible with its unique concept of ’Tailoring Approach’.PMP® doesn’t offer such flexibility as it focuses on knowledge areas.

Both the certifications offer a body of knowledge and a proven approach towards managing projects efficiently. There are numerous factors that lead to your decision of choosing either PMP® or PRINCE2® certification. The parameters can be differentiated as follows:

1. Prerequisites

The initial difference can be drawn between PMP® and PRINCE2® certification based on the prerequisites. Both the certifications demand the candidates fulfil certain prerequisites which differ in certain ways.

To begin with, the prerequisites for PMP® certification requires a few credentials to be achieved based on the degree that you hold. The same can be explained as follows:

A) For candidates holding a high school diploma, associate’s degree or the global equivalent

Minimum five years/60 months unique non-overlapping professional project management experience

  • You need to have 60 months of experience in unique non-overlapping professional project management.
  • You need to spend 7,500 hours leading and directing projects.
  • You need to have completed 35 hours of project management education.

B) For candidates holding a four-year degree

  • You need to possess 36 months of experience in unique non-overlapping professional project management.
  • You need to hold 4,500 hours of leading and directing projects.
  • You require to gain 35 hours of Project management education.

On the other hand, the PRINCE2® Foundation certification doesn’t demand its end learners to fulfil any prerequisites. However, you must hold a PRINCE2® Foundation certification as a prerequisite to taking up the PRINCE2® Practitioner certification.

2. Demand across countries

The Project Management Professional (PMP)® certification and PRINCE2® certification have got separate demands across different countries. Further, the acceptance of these certifications differs from industry to industry based on the geographical location.

The popularity of both the certifications can be listed in the form of the following chart:

Region/ Country1st Preference2nd Preference
EuropePRINCE2®--
AmericasPMP®PRINCE2®
AsiaPRINCE2®/PMP®PRINCE2®/PMP®
AfricaPRINCE2®/PMP®PRINCE2®/PMP®
AustralasiaPRINCE2®PMP®
Middle EastPRINCE2®/PMP®PRINCE2®/PMP®

3. Who should apply for PMP® or PRINCE2® certification?

Every certification needs you to hold a certain amount of experience and knowledge to continue with your certification journey. Similarly, you are expected to hold a certain amount of experience and knowledge to take up PMP® and PRINCE2® certification.

So, who should go for a PMP® certification? According to PMI®, PMP® certification should be taken up by experienced Project Managers who meet the following requirements:

  • They should be able to perform under general supervision and take up the responsibility of all aspects of a project for the life of the project.
  • They should be capable of leading and directing cross-functional teams to deliver projects within the constraints of schedule, budget, and resources.
  • They should demonstrate sufficient knowledge and experience in order to apply a methodology to projects appropriately that have a reasonably well-defined project requirement and deliverable.

On the other hand, the PRINCE2® Foundation certification can be taken up by:

  • Individuals who intend to demonstrate their understanding of the PRINCE2® methodology.
  • Individuals working effectively as a part of a team or with a project management team within a PRINCE2® supporting environment.

Whereas, the PRINCE2® Practitioner certification can be taken up by:

  • Individuals who intend to demonstrate their acquired understanding of the ways to apply and tailor the PRINCE2® methodology in a scenario.

4. Benefits: PMP® Vs. PRINCE2® certification

 Benefits: PMP® Vs. PRINCE2® certification

Once you take up a certification it would surely benefit you in some way. Every certification benefits you in some way. It further helps you to choose between the certifications that fit your desired career path.

The benefits of taking up a PMP® certification can be listed down as follows:

1. Helps in your career growth

As an internationally accredited certification, getting a PMP® certification will help you to get recognised across the global business community. Moreover, it helps you to form a network with people who are pursuing PMP® certification as well as the ones who are already PMP® certified. This enhances your chances of getting a better job leading to your career growth as well as a higher salary.

2. Makes you more skilful

You need to undergo rigorous training in order to get PMP® certified. It helps you to learn A to Z of project management by getting trained and educated in the five project management processes that include planning, initiating, implementing, monitoring and controlling.    

3. Enhances your market value

Increase your chances to work with global organisations working in various parts of the world by adding a PMP® certification to your profile. Further, the project management forums and discussion boards help you to master your expertise with various tips and additional knowledge.

4. Increases your earning 

You can expect a higher pay or a good hike as soon as you become a PMP® certified professional. PMI’s Project Management Salary Survey shows that the PMP® certified professionals get the advantage of earning 20% more than their non-certified counterparts.

The key benefits of PRINCE2® Foundation and PRINCE2® Practitioner certifications are different based on the learning outcomes of both the certifications. The key benefits of PRINCE2® Foundation certification are as follows:

  • Acquire valuable skills

Get equipped with a certification of high demand in Project Management.

  • Understand the PRINCE2® method

Work efficiently as a member of a team working within a PRINCE2® environment by learning the best practices.

  • Prepare yourself for the future

You need to earn your PRINCE2® Foundation certification in order to move ahead to the higher levels of Project Management certifications, like PRINCE2® Practitioner and PRINCE2® Agile.

Whereas, the key benefits of PRINCE2® Practitioner certifications can be listed down as:

1. Equip with better skills

Taking up a PRINCE2® Practitioner certification will help you gain a Project Management credential that is in high demand.

2. Learn to apply and tailor PRINCE2®

PRINCE2® Practitioner certification helps you to understand and learn to tailor as well as apply the PRINCE2® methodologies across different project environments and scenarios.

3. Grow in your career

Open the doors to advance your career in Project Management by equipping yourself with PRINCE2® Practitioner certification.

5. Languages available for PMP® and PRINCE2® certification

Isn’t it comfortable to write an examination in your local language? PRINCE2® Foundation and PRINCE2® Practitioner examinations are conducted in a few international languages whereas, the PMP® certification examination is conducted in English but provides Language Aids for 14 international languages.

You can choose from among 6 languages to appear for your PRINCE2® Foundation and PRINCE2® Practitioner certification. They are:

Languages available for PMP® and PRINCE2® certification

  • Dutch
  • English
  • French
  • German
  • Norwegian
  • Polish

Whereas, PMP® examinations are conducted in English all over the world. However, it provides language aids to the candidates in 14 languages, namely, Arabic, Brazilian Portuguese, Chinese (Simplified), Chinese (Traditional), French, German, Polish, Hebrew, Italian, Japanese, Korean, Russian, Spanish, and Turkish.

6.  Examination format

It is important for a candidate to understand the examination format prior to sitting for any certification examination. PMP® and PRINCE2® certifications have different examination format based on the number of questions, minimum score, and the time allotted for answering the questions. The difference can be listed down as:

CategoriesPMP®PRINCE2® FoundationPRINCE2® Practitioner
The minimum score to pass the examinationDetermined by the difficulty level of the questions.33 out of 6038 out of 68
examination duration4 hours1 hour2.5 hours
examination fee$405 (across the globe for PMI members)
$555 (across the world for non-PMI members)
£236.00 (India)£389.00 (India)

7. Examination application

PMP® and PRINCE2® certifications are owned by two different entities. PMP® is owned by the Project Management Institute (PMI)®, whereas, AXELOS is the owner of PRINCE2®. With different owners, the application procedure for both the certifications also varies from each other.

Once you have concluded that you meet the eligibility criteria, you will need to apply for the PMP examination.

The steps are as follows:

Book your examination centre by visiting Prometric or by telephone

Steps to apply for PMP examination

Step 1: Register for a Project Management Institute membership at PMI.org.

Step 2: Complete the Online Application

Step 3: Wait for the confirmation of receipt and completion of your application

Step 4: Part 1: Wait for the acceptance of your application

             Part 2: If you are audited and your application is approved, then

Step 5: Make the payment, preferably online, as it is the easiest and easiest way

Step 6: Book your examination centre by visiting Prometric or by telephone

Step 7: Take the examination.

Whereas, you need to pay the examination fee for your PRINCE2® Foundation or PRINCE2® Practitioner examination through PeopleCert. However, you need to book your test centre through Pearson VUE or Prometric.

8. Maintaining your PMP® and PRINCE2® certification

Both PMP® and PRINCE2® Practitioner certifications are valid for a period of three years. But there are different criteria which you need to follow in order to maintain both the certifications.

You need to earn 60 PDUs by fulfilling the educational requirements and giving back to the profession in order to maintain your PMP® certification every three years. Becoming a PMI member smoothens your process of maintaining your required PDUs through its exclusive workshops and study materials. You need to pay $139 to become a PMI® member, and the annual renewal fee is $129.

On the other hand, you can maintain your PRINCE2® Practitioner certification by either resitting for the examination or by subscribing to My PRINCE2. You need to meet the following criteria within three years to maintain your PRINCE2® Practitioner Certification:

  1. You need to subscribe to My PRINCE2 within three months of passing your examination and renew your subscription each year to remain subscribed for the three-year period.
  2. Maintain your PRINCE2 digital badge by recording 20 CPD points each year under the prescribed categories for the badge to be extended on renewal.

On a concluding note

Adding a project management certification to your profile adds great value to your career. It upgrades your skills to improve your project performance while enhancing your career prospects.

PMP® and PRINCE2® are deployed across the world as project management framework for project management practice. Both aims to improve the project performance and eventually the success rate. However, they take two different approaches. Hope this article helps you to choose the best project management certification for your career growth. All the best!

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