• 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