PMP vs IPMA/vs PRINCE2
A common question among individuals who want to become project managers is: Which project management certification should they pursue? What certifications should I pursue to become a project manager? These certifications are fundamentally distinct and are associated with different accreditation boards. It is important to be aware of the differences in each certification so that you can plan your next steps with your career goals in mind.
PMP
PMP stands for Project Management Professional. It is the most well-respected certification for project managers around the world. PMP is a standard requirement for project managers in many industries. The processes and knowledge areas learned in preparation for the exam are integrated into the work of project managers in these companies. The PMP has a much higher reputation in the IT sector. The PMI (Project Management Institute), which is the largest professional membership association for project management professionals, is the certification body for PMP. The PMP is recognized worldwide, but it is most commonly considered a North American certification. This is because all test prep material and exams can be taken in English. This is advantageous for those who work with/for North American partners. This certification has its limitations. PMP is more knowledge-based if there is more emphasis on theory than on methodology. This is evident in the amount of material an applicant must read in preparation for the exam.
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IPMA
IPMA stands for International Project Management Association. It is similar to PMP and is an internationally recognized certification. This certification comes in two levels: Level C and Level D. Level C is for those with 3 years of experience in project management. Level D requires a university degree (like the PMP). Level D does not require a university degree, so there are many options and flexibility. It is a competency-based certification that can be used in all industries. This certification is especially useful when working with European Partners. The exams and preparation materials for IPMA are in Bulgarian, unlike PRINCE2 and PMP. They are administered by the Bulgarian Project Management Association. Applicants must apply for the BPMA, and then take a paper-based test in Sofia, Bulgaria. The main disadvantages of choosing IPMA include the fact that the exam is in Bulgarian, and the inability to access self-study materials. This makes it less popular. IPMA is expected to increase in popularity as certification trends shift from knowledge-based certifications to competence-based certifications.
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PRINCE2
Projects in Controlled Environments is a standard that is widely used in the UK, Australia and other European markets. There is also rapid worldwide growth under the APM Group. PRINCE2 does not require any prior project management experience, unlike the PMP or IPMA which both require at least three years. It is entirely in English, and includes study guides, exam prep materials, and the actual exam. The most important difference, and probably the advantage of the exam, is that PRINCE2 is entirely methodology-based. IPMA is competence-based and PMP is knowledge-based. This makes it easier to use when you are a project manager. PRINCE2 cannot, like its counterparts, avoid the immense effort and preparation required for the project management exam.
Here is a quick summary of the diff
