( PMP® Training: https://www.edureka.co/pmp ) 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: 1. Acronym 2. Certification Bodies 3. Methodology 4. Structure 5. Approach 6. Framework 7. Industry/Geography wise relevance 8. Certification Levels 9. Eligibility & Fee Structure 10. Exam Format 11. Preparation Time 12. Average Salary Follow us to never miss an update in the future. Instagram: https://www.instagram.com/edureka_learning/ Facebook: https://www.facebook.com/edurekaIN/ Twitter: https://twitter.com/edurekain LinkedIn: https://www.linkedin.com/company/edureka

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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