For project managers already in the industry, or would-be entrants to the role, you are probably familiar with the PRINCE2 and PMP certifications. Both are popular certifications in the field of project management, and can be a great boost to your career by signalling your key skills and knowledge to your potential employers.
However, the question remains: Which should you take – the PRINCE2 certification, or the PMP certification?
We know how hard it is to make a decision. So, to help you arrive at a choice, here’s our quick overview of both certifications.
What is the PMP Certification?
The Project Management Professional (PMP) certification is a comprehensive and versatile qualification. Offered by the Project Management Institute, the PMP cert is widely recognised across industries. As an indication of your proficiency in project management techniques and competencies, it will allow you to use a variety of methodologies, making you a highly sought-after project manager with high earning power.
Popular in its country of origin (USA), this certification is also well-known in Europe and Asia.
What is the PRINCE2 Certification?
PRINCE2, or ‘PRojects IN Controlled Environments’ is oriented towards the process and project of any project. It emphasises the systematic steps required to complete a successful project, taking you through various templates and stages. The structured framework is holistic yet general enough to be applied in a wealth of situations.
Offered by UK-based global accreditation board APMG, PRINCE2 certification is highly favoured in Europe and Australia.
Which is in more demand?
While both PMP and PRINCE2 are highly-regarded project management certifications, they have their differences in terms of the frameworks taught and popularity across different parts of the world. The question of which is more in demand will boil down to where you are in the world – or where you plan to work. The industry also plays a part, as different sectors and companies will have different preferences.
At the end of the day, both certifications are versatile, although each plays on a different focus on project management. Research shows that individuals who are certified tend to earn more than their non-certified counterparts.
Is it advisable to do both?
If you have the time, energy, and funds to do both, why not? The PMP and PRINCE2 certifications complement each other in the sense that one deals more with the theoretical knowledge of project management, while another equips you with the skills to execute a successful project.
For individuals looking to further their project management skills, it is advisable to do both of these certifications.
Which should you choose?
If you are constrained by your circumstances and can only do one of the two certifications, you should make your choice based on your job prospects and geographical location. Find out which certification is more in demand for your type of job and location.
You should also consider the costs required to take up each certification. PMP certification costs are typically higher than the fees for the PRINCE2 Foundation certification course. But not to worry – when you take up a course at BridgingMinds, you are entitled to generous subsidies of up to 90% of the fees.
We hope this serves you well as a guide of which certification you should go for. Whichever you choose, what matters is that you take a step in the direction you want to go. So, make your choice and upgrade your skills as a project manager today!