Which Management Certification Is Suitable for You?

If you have got hold of this weblog and really are literally inclined to scan it then it’s a transparent sign that you just recognize what PMP and Price 2 actually means. And no, it doesn’t check with the refashion of the popular computer game of your school days [Prince]; it’s really the name of the project management certification that has large followers and fans across the globe. And that’s where the trouble starts.

For its competitor too, boasts of a huge fan following of its own. The PMP certification, we’re talking about.

Almost all project management professionals, at least once in their career are in a dilemma about which certification to choose from PMP, Prince2 or ITIL.

We’ve faced this confusion and finally were able to make an informed decision. A few days ago, one of our audience at a seminar asked us which certification to choose between PMP and Prince 2?

Let’s begin with a brief summary of PMP – So that you know what we are dealing with:

PMP is a trademark certification issued by PMI org and is a world-renowned project management certification that can be practiced across domains, industries, and geographies.

PMP stands for Project Management Professional and PMI stands for Project Management Institute

PMP is governed by a framework known as PMBoK [Project Management Book Of Knowledge]

This PMBoK is like a holy grail for PMI members and PMP certified members

It gives tools and techniques for different situations and phases of the project and it gives freedom to the project manager to decide which one to use in a particular situation depending upon the circumstances, history and future aspects

PMP places onus on Integrity, Professionalism, Ethics, Communication, and transparency.

PMI guides the project manager on the kind of role he/she should play in the success of projects and this lays down multiple guidance for them to be followed in spirit; the actual implementation may not be a textbook version.

Brief Summary of Prince 2 – So that you know what we are comparing against:

Prince2 stands for “Projects in Controlled Environment” version2

It also can be utilized for any type of project in the world

It clearly lays out the roles and responsibilities of the team members in the project members

The project is clearly divided into smaller manageable groups and has well laid out processes to be followed by the project manager

It has 3 levels of certification: Foundation, Practitioner, and Professional

Practical, to-do format, clear-cut items to be assigned, tracked and delivered are laid out in this AXELOS owned world famous certification.

Hence, the name “Projects In Controlled Environment”.

As you must have sensed by now, PMP and Prince2 differ from each other in the following ways:

PMP deals with a broad-level generic framework that believes in empowering you with the best-in-class tools and techniques but leaves the implementation and decision making to you as per your thought process

Prince2 restricts your ability to change things because each and every process is clearly laid out with specific roles for team members and hence, well-defined project success

PMP believes that project management is an enabler whereas Prince2 visualizes project manager as an enforcer.

PMP needs to be renewed every 3 years through contribution to the field of project management by sharing your knowledge and learning on your own; whereas Prince2 relies on making you appear for examination every 3-5 years.

The terminologies used by each of the certifications are different but I think you knew this would happen.

Which certification is suitable for you – PMP or Prince 2?

We are clear by now, that both certifications are good, both are world renowned and both of them can lead to Project success. So which one should you go for? That was the initial question, isn’t it?

Well, the answer is very simple and it is not related to the technical superiority of the course material for either of them. It is dependent on facts like:

  • Where you live and work
  • Where your clients are situated
  • The kind of work routine that suits you

Yes, strange! But it’s true. It has to come to that. Can you believe that? I couldn’t either when I first got to know about these but it turned out to be true.

See, the thing is:

Prince2 is followed fervently and much respected in Europe, UK, and Australia

PMP is adhered to and recommended for certain geographical regions such as North America, South America

The remaining world such as Asia and Africa is neutral to both certifications and that leads to the next question:

Where are your clients situated?

And hence, your home address and your client location determine the certification you should go for.

Some often-asked questions across different forums:

1) Should I do both the certifications: PMP and Prince?

If you can afford them then why not! They are expensive. Around 600-700 USD for PMP and around 400USD for Prince2 [exact price may vary across countries]. So if your pocket allows, then it will be a good thing to have. Is it really necessary? No. I am PMP certified and I have delivered projects to clients across the globe and it has not hurt me.

2) Will my pay package increase with these certifications? If yes, which one gives better yields?

Yes, your package will go up substantially after getting certified because it signifies that you have spent effort in getting familiar with the best-in-class frameworks and techniques. So big clients and companies can rely on you. The positive increase is almost similar to you.

3) Which certification is better for Infrastructure projects? Are they specific to IT or software projects only?

No, they are not specific to IT or software projects.

Yes, they can be used for Infrastructure, manufacturing or service-based projects. Because both the certifications allow you to learn the best techniques to deliver a project. The only difference is in the way they approach success.

While PMP believes that you can do well as long as you know the right way of doing things, Prince2 believes in making sure that you follow the right path.

4) Is there any gender-specific preference in the certifications for PMP or Prince2?

No.

5) If I have clients in the Middle East and Asia, which one should I choose because you just now mentioned that these regions are neutral in terms of preference for project management certifications.

Going by historical data, the Arab world has better connect with Europe and in recent times, some countries have developed good business relationships with America. So, depending on the client and your profile, you can choose either of them.

However, if you are looking for a safer option and a long-term career in the Middle East, then we recommend that you take both certifications- PMP and Prince 2.

Why Project Management is important?

The business landscape is transmuting drastically guided mainly by mobile technologies. It has become more dynamic at the same time and should never be taken for granted. While start-ups keep probing for someone to bring their conceptions of an ultimate application to life, another wonder what project management is. The business landscape is transmuting drastically guided mainly by mobile technologies. It has become more dynamic at the same time and should never be taken for granted. While startups keep probing for someone to bring their conceptions of an ultimate application to life, another wonder what project management is.

Is it genuinely paramount to the development process? Or it is nothing but a waste of time and Mazuma. What are the core benefits of efficient project management? Most businesses mistakenly consider it as a nonessential fee. The thing is that project managers do not authentically handle the development process. They deal with other essential issues that should never be underestimated.

In other words, if you optically discern a tax for project management in your contract, do not rush to repudiate it. Otherwise, the entire project may turn into a total economic failure. That would be a frustration especially if a startup has a circumscribed budget for building an app.

Professional project managers may appear to be the last straw when everything goes down. They ascertain meeting the deadlines, they let you reduce the costs and set clear targets. Still, have doubts whether you require a project manager for your future product? Let’s have a more proximate optically canvass 5 core advantages you will get.

 

Handling the Chaos

If you look up the definition of the term “project”, you will ascertain that it is authentically an intricate system of different processes. It involves different departments and specialists in sundry fields to work as one team. The major quandary about such intricate projects is the dubious deadline for integration to paramount budgets.

Once you endeavor to undertake a process without having a decent background, you will find yourself in a tight corner very anon. Acknowledgeable project managers have obligatory skills, experience and background to bring those processes to one place and give them the right direction. They will clear the mess and make the scope as visible as possible.

 

Reducing the Cost

Every time you have a conception of building a brilliant app, it will require paramount investments. A startup will never be able to bring a decent application to stand out with a budget less than $100,000. Sometimes the development costs go much higher. For many businesses, it is vital to stick to the budget. Project managers are the only people who can avert from exceeding your financial limits.

Going over the budget is very facile without an efficacious project management. It lies beyond the organization line as well as deadlines and other essential issues. We have numerous examples of potentially vigorous conceptions that have been put to their knees. The reason was the absence of efficient project management.

 

Managing Risks

Every project will face some pitfalls and malware during the development process. Risks are 100% natural, as people are unable to presage all obstacles. However, those jeopardies can be congruously managed in order to obviate them grow into major issues. Some startups prefer just sweeping those perils under the carpet hoping they will never arise.

It is a colossal mistake that can result in a total failure of the project. Professional project managers have obligatory skills to analyze the future scope and presage possible obstacles on the way to prosperity. Not only they endeavor to presage peril, but withal work out handy implements to handle them and respond to any allocated peril.

 

Setting Targets and Focusing

Having a vigorous online is a vital step in the development process. If you have a clear plan, you will always be able to get to the finish line. The same thing is with project management. It’s another benefit is the facility to work out a clear plan featuring every marginal step of the app building process. The plain can be fixated on executing strategic missions as well as some secondary goals depending on the intricacy of the project.

Some goals might transmutation in future depending on the caliber of materializing jeopardies. In this case, the whole structure of the project may change. Startups will require someone to handle with incipient chaos again and bring all incipient process to one place. Refocusing on incipient objectives as well as setting clear incipient targets is vital. Project managers will handle the task.

Engendering Competitive Advantages, The world keeps going mobile, while the competition on the mobile market grows rapidly. With so many apps, you require building a product that will stand out. Otherwise, you will never be able to prehend the attention of your users. Building sustainable competitive advantages is a good method to prosper.

For this, startups will have to consummate different projects including transitioning the app to the target audience, building a low-cost product, entering an incipient niche, etc. All tasks require flexible approach and acknowledgment of the mobile market. This is where project managers can avail.