PMP vs PRINCE2 vs CAPM: Which One’s Right for Me?

A project management certification also brings to you more skills, expertise, marketability, growth in career as many of the certifications require constant learning for their renewal, your skills always remain updated and in line with the most recent IT evolutions.

Project managers who work in the application development work environment get a salary in between US$ 90,000 to US$ 150,000. Those who work in the system integration and consulting roles get a salary of US$ 90,000 to US $160,000. The salary improves with experience and with the time a professional spends in his/her domain. CAPM, PMP and PRINCE2 are three popular project management related certifications. Here is a brief description and some comparison points to help you choose the best one for yourself.

CAPM

CAPM or Certified Associate in Project Management is an entry-level certification that can be a stepping stone for your creative and lucrative career path of project manager. This certification can be attained by anyone as there is no experience related eligibility conditions related to it. The  CAPM certification  is awarded by PMI or Project management Institute. It validates that the certification holder has a good understanding of all fundamental principles and knowledge, and the processes and terminologies that are related to project management.

IT professionals who want to pursue a steady learning path towards being a project manager can pursue the CAPM certification. It is also good for those who have project management as their part-time job role. While the CAPM certification can get you a junior or assistant level role in the project management team, it may not provide you a senior grade project management position.

PMP

The  PMP training and certification  is the gold standard in project management. The Project Management Professional certification is also awarded by PMI. The certification validates that the certification holder has good skills and expertise in all Project Management related processes including initiation, planning, execution, monitoring, and closing. The knowledge areas related to these processes are the management of scope, time, cost, quality, human resource, communication, risk, procurement, and stakeholders. PMP can provide you a senior level project manager job role.

PRINCE2

PRINCE2 (Project in Controlled Environments) is a process-based IT method of project management and has an altogether different framework when compared to the PMP. The PRINCE2 certification validates skills and expertise in PRINCE2 framework. The certification is highly recognized and in demand in countries including the UK and Australia and in the Western European countries (and PRINCE 2 is more adopted here). The PMP, on the other hand, is preferred in Canada, USA, and the Middle East. Countries in Asia and Africa have a preference for both. The PMP certification holders get a higher salary than  PRINCE2 certification  holders in all instances though, and the difference in annual salary can be around US$ 10,000 or more.

Choose the Right Certification

The PMP requires that a person have 3 to 5 years of Project Management related experience and should also have spent certain hours towards getting an education in the project management field. Also, while the PMP requires that certification holder constantly learns and gain the PDUs (Professional Development Units) to renew the certification after every 3 years, the CAPM does not require any kind of continuing education. But the CAPM certification holders should appear for the exam once again in every 5 years in order to get recertified.

PMP might be tougher to gain because of the eligibility conditions but it is the best certification in the IT project management field. You should go for it if you meet the eligibility criteria, as the PMP project management professional certification has the most demand in the market.The CAPM and the PRINCE 2 certification have lesser demand in comparison to PMP but still, you get instant employment and a good salary after attaining any of these certifications. You can pursue PRINCE2 if you are in particular geographical regions stated above, where it is widely adopted. CAPM is an entry-level certification, and hence should only be pursued when you do not meet the eligibility conditions of PMP.

You can now pursue the PMP certification or the comforts of your home itself. Leading IT education service providers offer you hands-on training in real-world IT projects, optional online or offline classroom lectures and training, instructor-led classrooms and projects, practice sets and all other learning material and resources that you need to be certified as a valuable Project Manager.