What are the similarities and differences between the Project Management Institute’s Project Management Body of Knowledge (PMBOK) and the UK government’s Project in a Controlled Environment (PRINCE2), the most widely used project management standard in the world?
PRINCE2 is a set of processes, components, and techniques that are suitable for projects of any size and subject matter. Some say it describes what a project manager should do. It seems that a PRINCE2 practitioner must know how to perform a particular activity. Prince2 certification is most widely used in the UK, but has a wide following worldwide.
PMBOK is a collection of knowledge areas and process groups. According to some, it describes what a project manager needs to know. PMI has a lot more support than PRINCE2 and is very global, although it is more prevalent in the US.
I believe that a mature project manager should have knowledge of both. It seems that PMPs (PMI-certified project management professionals) can also earn PDUs by attending PRINCE2 training courses; PRINCE2 practitioners do not need to be paid the equivalent of PDUs, but they are required to take a recertification exam every five years, and It is recommended that you keep up to date with the latest project management information at pm4success.com. I am a PRINCE2 practitioner.
There are several suggestive studies on the compatibility of PRINCE2 and PMBOK. These can be found on the Advantage Learning website, sign up to access the member download page. There are three white papers that compare PRINCE2 with PMI/PMBOK, including.