PMP vs Prince2 vs PMI-ACP

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.

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


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



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


Scenario based Objective questions

Passing Score Not disclosed. PsychometricAssessment

Not disclosed. PsychometricAssessment

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)



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.



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


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



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.


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



Project Management Approach

PMP®: Traditional Approach – Waterfall Methodology

PRINCE2®: Hybrid Approach - A mix of Sequential Processes and stage based iterative approach

COST

QUALITY



Project Management Approach

Iteration

Iteration

Iteration

Iteration

PMI-ACP®

Iterative/Adaptive Approach – Agile Methodology

COST

QUALITY



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.



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



Difference in detail



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



Scenario based Objective questions

Passing Score Not disclosed. PsychometricAssessment

Not disclosed. Psychometric Assessment

50% 55%

Exam Center Prometric Prometric Online (You can take it from anywhere)

Online (You can take it from anywhere)



Eligibility Criteria & Fee



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



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)



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 byedureka!

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



PMP and ACP are registered marks of The Project Management Institute, Inc.PRINCE2® is registered trademarks of AXELOS Limited.


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 2,00,000Learners Across the Globe

PMP and ACP are registered marks of The Project Management Institute, Inc.PRINCE2® is registered trademarks of AXELOS Limited.

Questions

Slide 19 http://www.edureka.co/pmp

Course Url

For any queries feel free to reach out to us at:

[email protected]

PMP vs Prince2 vs PMI-ACP

Technology

Transcript of PMP vs Prince2 vs PMI-ACP