Project management is a crucial skill in todays fast-paced business world, and aspiring project managers often look to certifications like PRINCE2 and PMBOK to enhance their credentials. These two frameworks are widely recognised and respected in the industry, but what exactly do you need to know about them? Here are seven must-know facts about PRINCE2 and PMBOK for aspiring project managers.
PRINCE2, which stands for Projects IN Controlled Environments, is a structured project management method that focuses on dividing projects into manageable stages. It provides a clear framework for planning, executing, and monitoring projects, making it a popular choice for organisations looking to improve their project management practices.
PMBOK, which stands for Project Management Body of Knowledge, is a guide that outlines the best practices and standards in project management. It covers a wide range of topics, including project integration, scope management, time management, cost management, quality management, human resource management, communication management, risk management, and procurement management.
PRINCE2 is more prescriptive and focuses on the how of project management, while PMBOK is more descriptive and focuses on the what of project management. PRINCE2 provides a step-by-step approach to managing projects, while PMBOK offers a broader overview of project management principles and practices.
PRINCE2 is widely used in the UK and Europe, while PMBOK is more common in the US and other parts of the world. However, both frameworks are recognised globally and can be applied to projects of any size or complexity.
PRINCE2 is based on seven principles, themes, and processes that guide project managers through the project lifecycle. These include principles such as continued business justification, learn from experience, defined roles and responsibilities, manage by stages, manage by exception, focus on products, and tailor to suit the project environment.
PMBOK is based on 10 knowledge areas, which cover all aspects of project management. These knowledge areas include project integration management, project scope management, project time management, project cost management, project quality management, project human resource management, project communications management, project risk management, project procurement management, and project stakeholder management.
Both PRINCE2 and PMBOK offer certifications that can help aspiring project managers enhance their skills and advance their careers. PRINCE2 certifications are offered at Foundation and Practitioner levels, while PMBOK certifications are offered through the Project Management Institute (PMI) at various levels, including Certified Associate in Project Management (CAPM) and Project Management Professional (PMP).
In conclusion, PRINCE2 and PMBOK are two valuable frameworks that aspiring project managers should be familiar with. PRINCE2 vs. PMBOK: Navigating the Differences for Successful Project Management . By understanding the key principles and practices of these frameworks, project managers can improve their project management skills and increase their chances of success in the competitive business world.