PMP Vs PRINCE2 : Which One is Best in 2020?

by StarAgile

September 08, 2020
Category Project Management


You become responsible when you grow in your career. Especially when it comes to managing projects you need to have both technical and interpersonal skills. Many certification programs will help you learn about management. But you need to choose the right one and in this blog, we will explain to you about two such famous courses which are trending in business now. We will list the difference between both for you to quickly choose the one based on your project's needs and personality. We have explained you about what are they and how to get it done. 

What is Prince2?

Prince2 started from the previous efforts of managing their projects by the UK government. Its earlier version was called PROMPT II which is the acronym from Project Resource Organization Management Planning Techniques. Prince2 was developed in the year 1989. Prince2 is an acronym from Projects In Control Environment2. Now it is the major framework adopted by every small, medium, and large company for handling projects. It can be applied to all the projects and in any industry. The 7 principles, processes, and themes go hand in hand to be adopted by the organization. They make the entire management process easy, simple and eventually brings in the accomplishment of the projects. 

Why Prince2

It is just not a methodology but more than that and you can consider that as an instruction manual. The process is easy to apply and get certified. It provides you with knowledge, recognition, and better growth prospects. It is recognized globally and you can find a job across the globe in any industry. 

How to get prince 2 certification 

  • Basic knowledge in projects and managing them is the requirement to apply for the foundation level but need to have other certification for the practitioner level. Click on the link to know more.  
  • Once you qualify you to need to attend training and get the exam voucher to apply for the examination 
  • Foundation - 60 objective type questions and take 1 hour to complete to score above 33 to pass
  • Practitioner – 68 questions open book and you can complete in 2 hrs 30 minutes. Score about 38 to pass 

What is PMP

Project Management Institute (PMI) offers project management professional certified. This course offers detail about how to start as a project manager and move up the ladder. It covers the entire framework, processes, integration, scope, cost, quality, resources, and communications management. 

Why PMP

It will provide you with experience to travel as a PM. Offers better job prospects and makes you a versatile project manager. You can learn the art of management from scratch. Know the top 10 reasons to get PMP.

How to get PMP certification 

  1. 4 years degree or equivalent education, 4500 hours project experience OR secondary degree with 7500 hours project experience 
  2. 35 hours of mandatory training 
  3. Apply for the exam after paying the fees and appear for the online exam 
  4. There will be 200 questions which must be completed in 4 hours. 
  5. If you score above 70% you pass the exam and qualify for a certification 

Prince2 Certification Vs PMP

Prince2 Vs PMP
Serial#
Criteria
PMP
Prince2
1Accrediting Body
PMI, USA
AXELOS, UK
2Methodology
Based on all the project management aspects

Based on the practical nature of 7 principles of Project Management

3Training Organization
Registered Education Providers (REP)
Authorized Training Organization (ATO)
4Driven by
Driven by customer requirements
Driven by Business Case of the project
5Certified Trainers
Not required
Required
6Approach
Project management based on the knowledge-based approach
The process-based approach that is 7 key processes that specify who, when, how and where
7Entry Level

Certified Associate in Project Management (CAPM)

23 contact hours of training and 1500 hours of project management experience

Prince2 Foundation,

Eligibility: All are eligible

8Core Area
To manage the project prescribes a wider range of techniques and describes core practices 
The 7 project management processes need to be done and to take into account when and how it must be done, what must be done and by whom in the life of the project
9Expert Level

Project management professional (PMP)

35 hours of contact training and 4500 to 7500 hours of project management experience

Prince2 Practitioner

Eligibility - Project Management experience recommended

10Pre-requisite
PMI Application Approval

Prince2 foundation certified or one of the following certification.

• Certified Associate in Project Management (CAPM)

• IPMA Level A® (Certified Projects Director)

• IPMA Level B® (Certified Senior Project Manager)

• IPMA Level C® (Certified Project Manager)

• IPMA Level D® (Certified Project Management Associate).

• Project Management Professional (PMP)

• Project Management Qualification (PMQ)

• Project Professional Qualification (PPQ)

11Types
Non-Prescriptive, Best practices
Need to be tailored for the project, Prescriptive
12Open Book Exam
No
Yes the Prince2 practitioner is an open book
13Entry-level Exam Format
Entry-level Exam Format
CAPM Exam Format
14Expert Level Exam Format

CAPM Exam Format

Multiple Choice questions, 150 questions which include 15 pretest questions, passing marks are 70% (Minimum correct answers 105) and duration is 3 hours and is closed book exam

Prince2 Foundation

Multiple choice questions, 60 questions, passing marks 33 minimum questions to be answered correctly, that is equal to 55%. Duration is 1 hour and closed book

15Certificate Validity

CAPM is valid for 5 years and after that need to retake the exam.

PMP is valid for 3 years and needs to maintain 60 professional developmental units for renewing the certification

Prince2 Foundation

Multiple choice questions, 60 questions, passing marks 33 minimum questions to be answered correctly, that is equal to 55%. Duration is 1 hour and closed book

16Cost of the Exam and training 
CAPM exam fee is 225 USD for members and 300 USD for Non-members.
There 2 additional attempts. The re-examination fee is 150 USD for members and $200 for non-members. you need to additionally pay for the study materials
17Syllabus for entry-level

CAPM

Project Communications Management

Project Cost Management

Project Human Resource Management

Project Integration Management

Project Procurement Management

Project Quality Management

Project Risk Management

Project Scope Management

Project Stakeholder Management

Project Time Management

Prince2 Foundation

Understand key concepts relating projects and Prince2

Understand how the prince2 principles underpin the prince2 method

Understand the prince themes and how they are applied throughout the project

Understand the Prince2 processes and how they are carried out throughout the project

18Syllabus for expert level

PMP

People - 42%

Process - 50%

Business Environment - 8% 

Read the brochure of the exam syllabus for more information

Prince2 Practitioner

Apply the prince2 principles in the context

Apply and tailor relevant aspects of PRINCE2 themes in the context

Apply and tailor relevant aspects of Prince2 processes in the context

Is Prince2 better than PMP

The UK and Europe prefer Prince2 and the entire US, North, and South America prefer PMP certification. However, remaining geography does prefer both equally. Typically in India Prince2 Training is becoming more popular.