PMP Certification Or PRINCE2? Which Certification Should I Choose in 2021?
SKILLOGIC Team
What is Project Management?
Project management is the process of employing established principles, procedures, and policies to successfully manage and monitor a project from inception to conclusion.
Project Management Professional – PMP
The PMP, representing Project Management Professional, is commonly referred to as the “body of knowledge” (PMBOK). It gives a comprehensive knowledge of Project Management and everything related to project management. The PMP covers a wide range of project management skills and techniques that Project Managers may need to use, such as leadership and discussions.
What is a PMP certificate?
Project Management Institute (PMI) issues project management certificates. Project management courses provide details on how to get started as a project manager and then climb the ladder. It covers the whole framework, processes, integration, size, cost, quality, resources, and communication management. More than a million PMP certification holders worldwide, according to the Project Management Institute (PMI) which manages the certification. It applies to project managers in almost any industry, including health, construction, information technology (IT), and business.
PMP Certificate Validity:
The PMP certificate is valid for three years but can be renewed or retained by obtaining 60 technical development units – defined as the hours spent on acceptable professional development activities – during that period.
PMP Certification Requirements:
The nominee must hold a four-year bachelor’s degree or diploma from high school. You are supposed to have a bachelor’s degree or the global equivalent with at least three years of project management experience. You ought to have 4,500 hours of experience. You have led projects and directed projects for 35 hours.
Job Opportunities:
Having a certification in Project management can enhance your career in more ways than known. There are numerous opportunities available for project managers and related positions. Some popular job options are Project directors, Senior Project Manager, Team leadership, and PMO- Project Manager. Indeed in this era of ultimate competition, every industry and business requires proper project management to upgrade and flourish businesses.
Salary of the Project Manager PMP in India:
The highest salary of the Project Manager PMP in India is 15,00,000 INR per annum. The lowest salary for a Project Manager PMP in India is 6,07,525 INR per annum. – Glassdoor.com
PMP Certification Benefits:
- Improve job opportunities
High demand equals many opportunities to further your career and earn more money. - You will be known as an experienced professional
The PMP certificate is an internationally recognized brand of excellence in the field. This type of certificate is universal, meaning that the required skills can be translated into all industries and projects. A PMP certificate also adds to your market value. Companies with PMPs have projects that are also in the process of being completed as required, on time, and on budget. - You will learn new skills
PMP serves as the impartial approval of your Project knowledge and technical experience at the international level. Its advantages include higher market value, increased reliability, and in many cases, higher pay.
About PRINCE2 Certification:
PRINCE2 is an integrated project management approach that provides a set of procedures and issues that apply to project management from start to finish. PRINCE2 provides a model of what needs to be done, who needs to do it, and when it needs to be completed.
PRINCE2 started with previous attempts to manage their projects by the UK government. Its previous version was called PROMPT II which is a dictionary from Project Resource Organization Management Planning Techniques. PRINCE2 was developed in 1989. PRINCE2 is an adjective from Projects In Control Environment2.
It has now become a major framework adopted by all small, medium, and large project management companies. It can be used in all projects and in any industry. The 7 principles, procedures, and themes are consistent with the organization’s acceptance. They make the whole management process easier, simpler and ultimately bring about project success.
PRINCE2 Certificate:
PRINCE2® short for ‘Projects IN Controlled Environments’ certification, is a process-based project management technique that dispenses a systematic approach to implement an impressive project with clear templates, procedures, and steps. The certification is both process-oriented and project-oriented.
PRINCE2 Certification Validity:
The validity of the Prince2 certificate is 3 years after which you will need to renew it.
PRINCE2 Certification Eligibility:
Comprehensive, high-level, and general framework of project management principles, which means that it is recommended and can be applied to almost any project. It has a well-established and common approach to project management. It describes the roles and responsibilities of each team member assigned to manage the project.
Job Opportunities in PRINCE2:
Project Manager, Senior Project Manager, Service Delivery Manager, Project Manager, Software Development, Program Manager, Technology Project Manager, Customer Project Manager
PRINCE2 coordinator.
Average salary for professionals with a PRINCE2® certificate:
The average salary for professionals with a PRINCE2® certificate is $ 85,800. According to a Payscale.com study, men working with PRINCE2® earn $ 90,000, and women earn $ 77,000.
Benefits of PRINCE2
PRINCE2 incorporates excellent features. It is a proven way to manage projects. PRINCE2 is standard. Apply it to any project in any industry or sector. PRINCE2 promotes better communication by providing common vocabulary. It makes people respond by explaining roles and responsibilities.
PRINCE2 focuses on what the project presents. It focuses on how the results will benefit the organization.PRINCE2 can be customized to suit the needs of each project. PRINCE2 has a built-in approach to continuous improvement. PRINCE2 uses a common language. It improves consistency and material reuse in all projects.
Differences between PMP and PRINCE2:
The main difference is that while PRINCE2 is a function, the PMP is considered a body of knowledge.
The PRINCE2 method can guide you and tell you how to proceed with your projects. To assist you in accomplishing your goals, it also provides templates that you can use or adapt to your projects and the needs of your organization.
The PMP, on the other hand, provides a framework, a body of project management information.
It can provide you with various strategies and tools that you can use depending on your needs.
This means that the PMP certificate ensures the management of project management skills and strategies, while the PRINCE2 certificate guarantees project management capacity in a controlled manner following the PRINCE2 method.
Conclusion:
Irrespective of the differences between PMP and PRINCE2, we can conclude that both are significant in managing projects, and having knowledge and skill in the domain is sure to bring your career to the limelight. Are you interested in learning more about them? At SKILLOGIC we offer broad training in PMP and PRINCE2 that is accredited by PMI and AXELOS respectively. Join our training right away!
