Project management field has evolved over the last few years very rapidly. If you are a project manager and have a degree in project management and still wants to further your knowledge about project management then perhaps you should consider either to take a PRINCE2 or PMP certification which will take your project management skills to the next more advanced level.
But it is hard to decide which one to take and which one not to. Some of the project management gurus say that if you want to completely immerse yourself in the field of project management then perhaps you should take both of them.
Both of the PRINCE2 and PMP certifications are highly reputed and globally recognized certification and in high demand these days across the whole world. In today’s competitive world companies are willing to pay higher salaries if you are a PRINCE2 or PMP certified professional.
Before digging deeper let’s have a look what are PMP and PRINCE2 certifications.
PMP or The Project Management Professional:
PMP stands for Project Management Professional. It is a certification training or program offered by the PMI or Project Management Institute.
According to one of the project management surveys in America, project managers with the PMP certification earn more than their other counterparts with no PMP certifications.
PRINCE2 or The Projects in Controlled Environment:
PRINCE2 stands for Projects in Controlled Environment.
PRINCE2 is the second version of the original PRINCE which was developed by the British government to standardized the way projects are catered. PRINCE was established in 1989 while PRINCE2 was established in 1996.
The PRINCE2 certification is available in more than a dozen languages across the whole of Europe.
The Major Differences between the PMP and PRINCE2:
PMP is considered the standard, reference guide or a knowledge base for executing the projects. PMP is based on PMBOK. PMP is very much popular in North America.
PRINCE2 is a methodology which shows you detailed processes, tips and techniques on how to efficiently undertake any project. PRINCE2 is widely popular in the UK, Australia and other European countries.
Putting in simple terms, PMP is more like a bible, while PRINCE2 is more like a blueprint.
Being a PMP or PRINCE2 certified professional, it sets you apart from those who are not certified.
The average annual salary of a PMP certified professional in the US is $108,200 per year.
The highest average salary for PMPs is in Switzerland at $130,000.
While a PRINCE2 certified professional has an average annual salary is $85,800 per year
Benefits of PMP Certification:
The benefits of PMP certification in your skillset is are as under.
The PMP certified professional demand higher pay than those with non-PMP certification.
The PMP certification provides many networking opportunities because when you want to get your PMP certification you have to join the PMI as a member. Once you become the member it gives you access to a wide list of PMP professional which can help you land a great job.
PMP certification is globally recognized.
The PMP certification opens many doors for you for better jobs across the whole world especially in North America, Canada and the Middle East.
Benefits of PRINCE2 Certification:
The benefits of PRINCE2 certification in your skillset is are as under.
The PRINCE2 certification equips you with all the essential knowledge to better manage and execute your projects of whatever industry it is.
The PRINCE2 certification provides you with a sound methodology, processes and templates to execute your projects effectively.
The PRINCE2 certification provides you with a common standardized approach to use it from start to the final product completion.
The PRINCE2 certification earns you more in salary than those with no certification.
The PRINCE2 certification offers you many job opportunities around the world especially in the UK, Australia and other European countries.
The PRINCE2 certification is driven by business case which will deliver value both to your organization and the customers.
Estimated Costs for Getting PMP & PRINCE2 Certification:
The estimated cost for taking the PMP certification is $405 for PMI members but $555 for the non-PMI members.
While on the other hand, the costs of the PRINCE2 certification varies across the region the exam is taken in. For the Foundation level, you need to deposit $365 and for the Practitioner level, it is $485.
Which One to Take:
The PMP certification is widely related to the knowledge and skills which are very much necessary to manage and execute a particular project.
While on the other hand, the PRINCE2 certification is related to the methodology, processes and templates which show you how to execute various projects in a controlled environment.
So it is highly advisable to get both of these PMP and PRINCE2 certifications which will enhance your project management skills to the most advanced level.
At last but not least, the certification you choose should depend upon your job requirements and region you are working in as a project manager.
Zoetalentsolutions offers some of the world’s best project management courses such as the PMP Certification Training Program and the PRINCE2 Certification Training Program to help you better manage and execute your projects from start to the final product completion.
