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Is PRINCE2 still considered a valued PM certification in the marketplace?

Posted: Tue 01 Jul 2014 11:35 pm
by jayman21
Hi All,

I have been off Project Management for a while and trying to get back into the market as a Project Manager. Can you please share if PRINCE2 is still considered a valued Project Management certification in the marketplace? I am considering taking the PRINCE2 Practitioner as I only have the Foundation. Is it worth it?

How would you compare PMP to PRINCE2? Which is a better?

Thanks and look forward to hearing from you.

Thanks
Jay

Re: Is PRINCE2 still considered a valued PM certification in the marketplace?

Posted: Wed 02 Jul 2014 8:23 am
by dhaughey
Hi Jay,

In my opinion PRINCE2 is still very relevant, its beauty is the entry criteria are low, so anyone interested in improving their project management skills can get access to it easily. If you are thinking of becoming a career project manager, then I would definitely think about working towards the PMP.

I've done both, starting with PRINCE2 and then PMP a couple of years later. I've found both valuable over the years, the depth of learning in PMP makes it worth more than PRINCE2. It's not necessarily one or the other, they are quite different.

There are a number of junior project managers working in my department, and most are either taking or planning to take the PRINCE2 Practitioner, as a stepping stone to becoming a fully fledged project manager.

Hope this helps with your decision. What do others think?

Duncan

Re: Is PRINCE2 still considered a valued PM certification in the marketplace?

Posted: Fri 04 Jul 2014 3:29 am
by jayman21
Hi Duncan,

Thanks for your feedback/contribution. I think its time for me to take that bold step to progress my PM career forward. My intention was to complete PRINCE2 Practitioner then follow up with the PMP.

My understanding is that the PMP is more recognised internationally most especially in the United States. While PRINCE2 is more of within Europe. So I guess for someone looking to take their career international having both is a plus and you can view the practice of managing projects from both perspectives.

Were there any major differences between PMP and PRINCE2 which you noticed while studying for them (PMP and PRINCE) or major difference experienced while applying the principles on projects?

Regards
Jay

Re: Is PRINCE2 still considered a valued PM certification in the marketplace?

Posted: Sun 06 Jul 2014 5:20 pm
by dhaughey
Hi Jay,

Sounds like a good approach. I agree with you; PMP is more well-known in North America, although it's becoming more recognised in Britain lately.

After passing PMP, I found myself asking, "How do I put this all together?" That's where PRINCE2 helped, because of its process based methodology. I think the two sit well together, PRINCE2 giving you detailed processes and PMP giving you detailed knowledge in areas, such as cost estimating and budgeting, creating communications plans, management of requirements, etc.

The major differences as I see them are that PMP has more depth and detail in terms of tools, techniques and showing you how to do things. PRINCE2 provides the process based methodology and structure in a clear way. In a nutshell, PRINCE2 tells you 'what' to do and PMP 'how' to do it.

The other difference is that you can pass PRINCE2 without needing any PM experience by just enrolling on the 5 day course. Anyone with PMP has already managed projects and has experience in the profession. This points to an issue, in that, PRINCE2 has less value in the market because so many people have it. PMP is the real differentiator in the profession, so that's the one to go for if you decide not to do both.

For me, it's not about one or the other; both have a role to play in helping deliver successful projects.

Good luck with your studies. Let us know how you get on.

Duncan

Re: Is PRINCE2 still considered a valued PM certification in the marketplace?

Posted: Mon 07 Jul 2014 12:58 pm
by kwalford
Hi,

I totally advocate what Duncan has said in his last post.

Arras People (PM consultancy) have said that employers tend to look for a cert of some form, whether it is Prince2, Agile, PMP, APMP is not overly crucial, but more the fact that you can demonstrate achieving some form of formal training (learning).

Prince2 is the easiest and cheapest to achieve.

Thanks
Kit

Re: Is PRINCE2 still considered a valued PM certification in the marketplace?

Posted: Fri 11 Jul 2014 1:00 am
by jayman21
@dhaughey and @kwalford Thank you for your contribution. I will keep you posted on my progress.

Re: Is PRINCE2 still considered a valued PM certification in the marketplace?

Posted: Thu 14 Aug 2014 8:28 am
by Frankus
Great and relevant thread, thanks guys.

I am in the UK, looking to start of with a PRINCE2 qual. Found a number of providers, most around the £1k mark.

Any advice on which might be better than others? Or are they all much of a muchness.

I intend to avoid the cheapest (£295) and the dearest (2,340).

The rest, I don't know.

Thanks in advance.

Frankus

Re: Is PRINCE2 still considered a valued PM certification in the marketplace?

Posted: Thu 14 Aug 2014 7:05 pm
by kwalford
QA are a good provider and I would strongly recommend Provek Training (I have just been on one of their classroom courses). I would recommend a classroom course for the Practitioner exam as it is a little tricky to the untrained eye!