What is the difference between PRINCE2® and PMI-PMP® qualification and certification?
PRINCE2® and PMP based on PMBOK® complement each other. The two qualifications complement each other with one filling in knowledge or structure where the other lacks. PRINCE2 is a methodology, addressing things on a procedural level whereas PMP is an encyclopaedia of best practices in project management, telling project managers what they need to know but leaving the application to them. For example, the PMBOK guide is not prescriptive. It speaks to subjects in a specific sense, talking about how to calculate the critical path, stakeholder evaluation, requirements gathering, etc. PRINCE2® however talks more about the reporting structure, roles and responsibilities and the flow of management deliverables (i.e. reports and exceptions). It doesn’t get into the details of scheduling, because each organization has its own methods to do this, and whilst it recognizes the importance of stakeholders, it doesn’t elaborate on stakeholder analysis. These examples of the differences between PRINCE2® and PMP® training also highlight the complementary and collaborative nature of the two project management standards.
