PMP vs Prince2 vs PMI-ACP
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The document provides information on and comparisons between three major project management certifications: PMP, PMI-ACP, and PRINCE2. It outlines the foundations and focuses of each certification, as well as differences in their exam formats, eligibility criteria, costs, renewal processes, and ideal preparation times. The PMP is based on traditional project management approaches and focuses on knowledge and skills. The PMI-ACP focuses on agile principles and iterative development. PRINCE2 provides a standardized methodology and framework. The document aims to help readers understand the distinctions between the certifications and determine which may be most suitable for their needs and experiences.
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PMP vs Prince2 vs PMI-ACP
- 1. PMP® vs. PRINCE2® vs. PMI-ACP® PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 2. Slide 2 http://www.edureka.co/pmp Know Your Instructor Nishant Shukla, PMP, ITIL 24+ Years of industry experience across various industries like IT – Application Development, Telecommunication, Back Office , BPO/KPO, Banking (Credit/Debit Card domain) Worked with organizations like Cisco Systems, Hewlett-Packard, dz cards(India) 12+ Years on Project/Program Management positions Over 11,000 hrs. of classroom training experience 700+ Management workshops conducted and trained thousands of professionals Training conducted for clients like GMR, ABB, Wipro, Oracle, HP, Mphasis, SAP, IBM, Cisco Systems, Unisys Global, Cinepolis, Satyam, Accenture, ITC InfoTech, NIIT Technologies, Honda Motors, Logica to name few from list of hundreds
- 3. Slide 3 http://www.edureka.co/pmp What will you learn today? Understand the Project Management Methodology What are the different certifications in Project Management? What is the difference in PMP®, PMI-ACP® and Prince2® How to choose the right certification? What is the eligibility criteria for these certification? How the exam is conducted for each Certification? How much time is needed to prepare for each exam? Q & A PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 4. Slide 4 http://www.edureka.co/pmp Quick Comparison PMP® PMI-ACP® Prince2® Foundation Practitioner Exam based on PMBOK Guide (But not limited to) Various reference materials Official Manual: Managing Successful Projects with Prince2 Geographical Relevance India, USA, Canada, Middle East, SE Asia, Australia Across the globe India, UK, European Region, Australia No. of Questions 200 in 4Hrs. 120 in 3 Hrs. 75 in 1 Hr. 8 x 10 in 2.5 Hrs. Exam Pattern Abstract Questions Multiple Choice Abstract Questions with Multiple Choice Abstract Questions with Multiple Choice Scenario based Objective questions Passing Score Not disclosed. Psychometric Assessment Not disclosed. Psychometric Assessment 50% 55% Exam Center Prometric Prometric Online (You can take it from anywhere) Online (You can take it from anywhere) Exam cost USD 555 USD 495 Included in the training cost Included in the training cost Renewal Cycle Every 3 years Every 3 years Never expires Every 5 years Renewal Criteria PDUs PDUs NIL A short exam Ideal Preparation time 8 - 10 Weeks (x2 Hrs. a day) 8 - 10 Weeks (x2 Hrs. a day) 1 - 2 Weeks (x2 Hrs. a day) 1 - 2 Weeks (x2 Hrs. a day) PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 5. Slide 5 http://www.edureka.co/pmp First Step PMP®, Prince2® and PMI-ACP® are Certifications based on different Project Management Methodologies. To understand the difference in these certifications, Let’s understand the basis of Project Management Methodology first. PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 6. Slide 6 http://www.edureka.co/pmp What is a Methodology A model, which organizations adopt for the design, planning, implementation and fulfilment of their project objectives Construction of a house Different projects spanned across different Business Domains /Industries require different Methodologies! What works for construction project will not work for software application development project Software Development
- 7. Slide 7 http://www.edureka.co/pmp Certification Bodies Certification Awarded by PMP® Project Management Institute (PMI) PMI-ACP® Project Management Institute (PMI) Prince2® AXELOS Edureka is R.E.P. (Registered Education Provider) of PMI And ATO (Accredited Training Organization) of Peoplecert, an EI of AXELOS PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 8. Slide 8 http://www.edureka.co/pmp The PMBOK® Guide Vs Prince2® PRINCE2®The PMBOK ® Guide A process based project management methodologyA knowledge based approach to project management Focus on HOW (What you should know)? Focus on What? (What you should do) PMP and PMBOK are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 9. Slide 9 http://www.edureka.co/pmp PMP® Vs Prince2® PMP® (The PMBOK Guide) Prince2®(Prince2 Manual) Based on PMBOK Guide which is not a methodology but a Standard. A fully developed methodology with detailed process models and templates. Focus: • Knowledge and skills for successful completion • Roles and responsibilities of project manager. Focus: • Framework and processes • Roles and responsibilities of entire team. A reference guide which is theoretical and Descriptive. Provides generally accepted techniques/practices. Follows practical approach and gives a step by step guidance on what to do. Processes can be tailored Processes can be tailored PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 10. Slide 10 http://www.edureka.co/pmp Project Management Approach PMP®: Traditional Approach – Waterfall Methodology PRINCE2®: Hybrid Approach - A mix of Sequential Processes and stage based iterative approach COST QUALITY PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 11. Slide 11 http://www.edureka.co/pmp Project Management Approach Iteration Iteration Iteration Iteration PMI-ACP® Iterative/Adaptive Approach – Agile Methodology COST QUALITY PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 12. Slide 12 http://www.edureka.co/pmp PMP® Vs PMI-ACP® PMP® PMI-ACP® Describes the framework for traditional (waterfall) project management. Follows sequential process. Focuses on the Agile project management principles. Follows an incremental approach. When there is a clear picture of what the final product should be. When there isn’t a clear picture of what the final product should look like. Client won’t have the ability to change the scope of the project once it has begun. Client will be able to change the scope of the project. PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 13. Slide 13 http://www.edureka.co/pmp Which Certification to Go For Choice of certification is dependent to a large extent on the future plan of the professional. What one wants to get into is what can help decide which certification to go for. Once of the deciding factors could be whether you work in an industry with rapidly changing standards and requirements or not. PMP® Prince2® PMI-ACP® India, USA, Canada, Middle East, SE Asia, Australia India, UK, European Region, Australia Across the globe. Geographical Relevance PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 14. Slide 14 http://www.edureka.co/pmp Difference in detail PMP® PMI-ACP® Prince2® Foundation Practitioner Exam based on? PMBOK Guide (But not limited to) Various reference materials Official Manual: Managing Successful Projects with Prince2 Number of Questions 200 in 4Hrs. 120 in 3 Hrs. 75 in 1 Hr. 8 x 10 in 2.5 Hrs. Exam Pattern Abstract Questions with Multiple Choice Abstract Questions with Multiple Choice Abstract Questions with Multiple Choice Scenario based Objective questions Passing Score Not disclosed. Psychometric Assessment Not disclosed. Psychometric Assessment 50% 55% Exam Center Prometric Prometric Online (You can take it from anywhere) Online (You can take it from anywhere) PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 15. Slide 15 http://www.edureka.co/pmp Eligibility Criteria & Fee PMP® PMI-ACP® Prince2® Foundation Practitioner Min. experience needed 3 Years 2 Years 0 Years 0 Years Project Management Experience required 4500/7500 Hrs. 2000 + 1500 (Agile PM Experience) Hrs. 0 0 Formal training required? Yes Yes Yes Yes Exam cost USD 555 USD 495 Included in the training cost Included in the training cost Renewal Cycle Every 3 years Every 3 years Never expires Every 5 years Renewal Criteria PDUs PDUs NIL A short exam PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 16. Slide 16 http://www.edureka.co/pmp Ideal Preparation time Prince2 Foundation® Prince2 Practitioner® PMI-ACP® PMP® 140 – 150 hrs. of Study ( 8 to 10 Weeks) 140 – 150 hrs. of Study ( 8 to 10 Weeks) 10 – 15 hrs. of Study ( 1 - 2 Weeks) 10 – 15 hrs. of Study ( 1 - 2 Weeks) PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2 is registered trademarks of AXELOS Limited.
- 17. Slide 17 http://www.edureka.co/pmp How to go about it? Application Formalities Continue Study Renewal Cycle Lifetime 24 x 7 Assistance from edureka! Online Virtual Training by edureka! Personalized guidance by SME from edureka! Session recordings and Mock questions by edureka! Assistance in earning PDUs + Lifetime access to Training Material on LMS by edureka! Prince2® Foundation Prince2® Practitioner PMI-ACP® PMP® Training Application Formalities Credential MaintenanceExam Preparation Training Training Training Application Formalities Part of enrollment Part of enrollment Exam Preparation Exam Preparation Exam Preparation Credential Maintenance Credential Maintenance Credential Maintenance PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2® is registered trademarks of AXELOS Limited.
- 18. Slide 18 http://www.edureka.co/pmp LIVE and Interactive Online Classes Flexibility to re-attend or re-schedule the class Lifetime Access to the Class Recordings in Learning Management System (LMS) Full Length Mock Tests and Module Wise Quizzes 24x7 on – Demand Technical Support Post Course Support Contact Hours/PDU Certificate for PMP®/PMI-ACP® Voucher for Prince2® Online Exam Assistance in Filling the Application Form How it works with edureka! PMP Success Ratio of 97% More than 2,00,000 Learners Across the Globe PMP and ACP are registered marks of The Project Management Institute, Inc. PRINCE2® is registered trademarks of AXELOS Limited.
- 20. Slide 20 Course Url For any queries feel free to reach out to us at: sales@edureka.co