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PMP® vs PRINCE2 | Project Management Certification | PMP® Certification Training | Edureka

( PMP® Training: https://www.edureka.co/pmp ) <br>This Edureka tutorial on PMP® vs PRINCE2 will compare two major certifications in the field of Project Management. Below list contains the various points of comparison: <br><br>1. Acronym <br>2. Certification Bodies <br>3. Methodology <br>4. Structure <br>5. Approach <br>6. Framework <br>7. Industry/Geography wise relevance <br>8. Certification Levels <br>9. Eligibility & Fee Structure <br>10. Exam Format <br>11. Preparation Time <br>12. Average Salary <br><br>Follow us to never miss an update in the future. <br><br>Instagram: https://www.instagram.com/edureka_learning/ <br>Facebook: https://www.facebook.com/edurekaIN/ <br>Twitter: https://twitter.com/edurekain <br>LinkedIn: https://www.linkedin.com/company/edureka

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PMP® vs PRINCE2 | Project Management Certification | PMP® Certification Training | Edureka

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  1. ® PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  2. PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  3. 1. PMP® vs PRINCE2 - Acronym PMP® PR ojects IN C ontrolled Environment Project Management Professional A cronym PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  4. 2. PMP® vs PRINCE2 – Certification Bodies PMP® • Certifying body for the PRINCE2 is AXELOS • Certifying body for the PMP is Project • ALEXOS is a UK based joint venture that Management Institute (PMI) • PMI is a non-profit professional manages certifications organization for project management C ertification B odies headquartered in Pennsylvania, US PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  5. 3. PMP® vs PRINCE2 – PM Methodology PMP® • Based on Seven principles • Based on the PMBOK Guide • Acts as a Directive • Latest PMBOK Ed 6 • Process-based approach • Knowledge-based approach • Defines ‘what’ part of PM • Defines ‘how’ part of PM Project M anagem ent M ethodology • Sets out clear processes • Encompasses: ✓ 10 Knowledge Areas ✓ 49 Processes PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  6. 4. PMP® vs PRINCE2 – PM Structure PMP® 7 Principles No Principles 7 Themes 10 Knowledge Areas 7 Processes 5 Processes Groups Project M anagem ent Structure 49 Processes 41 Activities 2 Techniques Defined 40 Techniques Referenced 119 Tools & Techniques Described/Referenced PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  7. 5. PMP® vs PRINCE2 – PM Approach PMP® • Project development follows a • Project development follows an Sequential approach Iterative approach • Scope, Time and Cost are finalized • Scope, Time and Cost are finalized Project M anagem ent A pproach before commencement of a project before commencement of a project • Driven by Customer Requirements • Driven by Business Use Case PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  8. 6. PMP® vs PRINCE2 – PM Framework PMP® Starting Initiating Initiating Planning Directing Initiating Controlling a Stage Executing; Monitoring & Controlling Project M anagem ent Fram ew ork Managing product delivery Executing; Planning Managing a product boundary Planning; Closing Closing Closing PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  9. 7. PMP® vs PRINCE2 – Industry/ Geography wise Relevance PMP® • Majorly mandated across industries like • Recognized across all major industries like construction, engineering, IT, business IT, healthcare, aerospace, defence, and financial services government etc. Industry/G eography w ise Relevance • Countries majorly recognizing PRINCE2 • Countries majorly recognizing PMP are are India, UK, the European Union and India, USA, Canada, Middle East, South Australia East Asia and Australia PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  10. 8. PMP® vs PRINCE2 – Certification Level PMP® • Two levels of certification • Only one level of certification ❑ PRINCE2® Foundation ❑ PRINCE2® Practitioner C ertification L evels PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  11. 9. PMP® vs PRINCE2 – Eligibility & Fee Structure PMP® • Min 3 years experience required • No working experience required • No PM experience required • Min 4500/7500 hrs of Project • Needs formal training Management Experience Required • Exam costs included in Training fee • Needs formal training E ligibility & Fee Structure • PRINCE2 Practitioner certification is • Exam Fee costs around 555 USD renewed in every 5 years based on a • Certification is renewed in every 3 years short exam based on PDUs PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  12. 10. PMP® vs PRINCE2 – Exam Format PMP® • PRINCE2® Foundation ✓ 200 MCQs ✓ 60 Questions ✓ 4 hr duration ✓ 1 hr duration ✓ Min passing marks is not disclosed by PMI ✓ Min passing marks 55% ✓ Exam is conducted at Prometric Centres • PRINCE2® Practitioner ✓ 68 Questions E xam Form at ✓ 2.5 hr duration ✓ Min passing marks 55% PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  13. 11. PMP® vs PRINCE2 – Preparation Time PMP® • Needs around 1-2 weeks • Needs around 8-10 weeks • Average study time of 10-15hrs • Average study time of 140-150 hrs Preparation Tim e PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  14. 12. PMP® vs PRINCE2 – Average Salary PMP® • Average salary is 86000 USD • Average salary is 115000 USD • PMP Certified Professional bags 20% more salary than a non-PMP professional A verage Salary itcareerfinder.com itcareerfinder.com PMP® CERTIFICATION EXAM TRAINING www.edureka.co/pmp

  15. Don’t just learn it, MASTER it with Copyright © 2018, edureka and/or its affiliates. All rights reserved.

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