PRINCE2 Vs. PMI
Both of these project management organizations do have one goal in mind—successfully managing of projects and teams. PMI may be the better known of the two and through the PMBOK offers methods, tools and knowledge learning areas that help managers enhance project success. PRINCE2 on the hand is more process-based and focuses on the nuts and bolts of a project for streamlined success.
Some experts in the PM world say that you can’t really look at PRINCE2 vs. PMI, but rather PRINCE2 vs. the PMBOK. In the PMBOK, knowledge areas are religion and the practice of each is based on long-term research on combining knowledge areas to successfully complete projects. PRINCE2 looks more at the best processes that are “recommended" for projects to be successful and achieves its best practices on a more controlled level—what should be done when, who should do it, etc.
PMI certifications can take quite some time to complete whereas PRINCE2 certifications can be obtained in only a few weeks via online and onsite training. Both are globally known, however, the PMI is more utilized in many countries, where PRINCE2 is recognized mainly in European nations.
PM knowledge experts argue that PRINCE2 can be used on projects of any size, whereas certain knowledge areas of the PMBOK can be implemented to achieve project goals. Those who hold certifications from PMI or PRINCE2 have often conveyed that having certifications from both organizations can be highly beneficial.