• Provides a complete step-by-step methodology on how to set-up and run a project
• Guidance on Pre-project activities and Post project activities
• Emphasis on Business Case and Benefits
• Management by Exception
• Detailed description of responsibilities of the project management team
• Description / Templates of project management products
• Offers the depth in project management practices
• Knowledge is organized around Principles, Processes, Themes & Governance
• Tailoring guidelines
• Emphasis on Business case and Benefits
• Managed by Stages i.e. only one stage is committed at a time
• Focus on Products
• Detailed description on developing project plans
• Trainings and Exams are over in 5 days
• Specialist aspects are not covered
• Detailed techniques not provided to plan and carry out project management activities
• Leadership and People management skills are not coded in the method
• No flexibility offered on adapting the best practices as it is more sort of a method
• Not much emphasis on guidance or development Project Manager's Skill sets

• Provides the all round guidance on project management
• Lists the tools and techniques that can be used in a specific process
• Guidance organized by Process groups & Knowledge areas
• Knowledge on specific aspects of the project such as Contract management, Quality management
• Provides guidance on leadership, motivational skills and other interpersonal skills
• Guidance on Reporting techniques such as Earned Value Management for effective reporting
• Guidance on the professional code of conduct of a project manager
• No guidance on project management team responsibilities
• No guidance on tailoring
• Not much details on how exactly to proceed / step by step approach
• Whilst outputs for every process are described the guidance on their contents is not provided
• No knowledge covered on the post project activity of ensuring the project was successful from benefits point of view
• Not enough details on the contents of plan and how they should be developed at varying levels of detail and by whom

Conclusion
PMP & PRINCE2® are both recognized and respected across the world. Doing PMP helps in developing the project management skills whereas PRINCE2® helps in understanding more from the project point of view. Whilst PMP is recognized more in the US and US dominant countries, PRINCE2® is recognized in the British and their influenced countries. Having both definitely compliments and improves the marketability of a project manager!

Knowledge & Guidance