Anything successful comes only after proper planning. Project Management becomes a matter of discussion when something big is cooking up. People interested in project management come up with questions like What is PRINCE2, CAPM, and all.
According to a McKinsey survey, nearly 60 percent of senior executives said building a firm project management discipline is a top-three priority for their companies as they look to the future. Project management eventually decreases costs, improves stakeholder and customer satisfaction, and establishes a long-term competitive edge.
Project management involves juggling multiple tasks. This frenetic function is performed only by a skilled project manager. CAPM and PRINCE2 training are a few prerequisites to upskill yourself in the field of project management.
This blog provides you with enough knowledge about CAPM and PRINCE2, so you can choose that best suits your career and interest.
Table of Contents
- What is CAPM?
- What is PRINCE2?
- Features of CAPM and PRINCE2
- Which one best serves you?
What is CAPM?
Certified Associate of Project Management (CAPM) is a globally recognised certificate that gives you access to opportunities in the field of project management at every level of your career. The CAPM certification is the first step toward establishing a career as a Project Manager.
CAPM was introduced in 2003 and is one of several certifications administered by the non-profit Project Management Institute (PMI). It provides vital information and instructions to manage project teams and complex initiatives.
What is PRINCE2?
PRojects IN Controlled Environments (PRINCE2) is a process-based project management method that will educate you on the fundamental skills needed to be a successful Project Manager. It is scalable and customisable to each of the projects you undertake.
The Central Computer and Telecommunications Organisation (CCTA), a UK government support agency, introduced and developed the PRINCE method in 1989. PRINCE2 is the second version that follows the same approach.
Features of CAPM and PRINCE2
It is an entry-level certification for project management issued by PMI. It is based on PMBOK (Project Management Body of Knowledge) and is acceptable in the US, Canada, the Middle East, and Asia.
It has only one level and comprises the basic project management knowledge used in multiple industries. In CAPM, the Project Manager is responsible for the result of the project.
Unlike CAPM, PRINCE2 is an advanced-level certificate with multiple levels. It mainly focuses on IT and includes detailed processes, models, and templates. PRINCE2 originated in the UK and has three stages.
In PRINCE2, the project manager acts as a middleman between the project and the central control board.
Which one best serves you?
Both certifications possess unique characteristics and are different from one another. Here are a few prospects to consider before making the right decision.
While PRINCE2 requires formal training, CAPM is like a high school diploma that needs 1500 hours of project experience or 23 hours of project management education before appearing for the exam
PRINCE2 certification doesn’t expire. But, CAPM requires a renewal every three years.
If you are looking for a higher position in the field of project management, it is good to get an advanced-level certificate like PRINCE2. CAPM ensures you get all the skills and tricks, but PRINCE2 adds a new dimension to your resume.
The salary of a Project Manager with a PRINCE2-certification is higher than that of a CAPM certification. It is because CAPM provides you with basic knowledge, whereas PRINCE2 teaches about project control techniques.
Need of the hour
Today, the PRINCE2 certification holds more value than a CAPM certification. Before choosing either certification, you should select the one that makes you future-ready.
On an upper hand
PRINCE2 can help you apply for positions such as a project manager, financier, senior supplies, and project executor, while CAPM serves the basic needs.
After reading this blog, we hope you understand PRINCE2 and CAPM. PRICNE2 is a much superior certification than CAPM, and PRINCE2 Training can help you achieve your career goals.