Similarities and differences between PMBOK® Guide and PRINCE2® method

Wri$ng a new Chapter in IT History

PROJECT MANAGAMENT

CERTIFICATION: PMP® or PRINCE2®?

PRESENTED BY IT CHAPTER

www.itchapter.com


This presentation is about…

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§  Similarities and differences between PMBOK® Guide and PRINCE2® method.

§  How PRINCE2® provides added value to a PMBOK® Guide knowledge base.

§  Why you should be interested in PRINCE2®?

PRINCE® is a Registered Trade Mark of AXELOS Limited PRINCE2® is a Registered Trade Mark of AXELOS Limited


IT CHAPTER PARTNERSHIPS

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§  Henri-Jean Bonnis, PMP®, Prince2® Practitioner §  Yves Pierre-Louis, PMP®, Prince2® Practitioner, TIPA® Assessor §  Arnaud Laval, PMP®, CSM, Prince2® Practitioner §  Svetlana Sidenko, MsC(Admin), PMP®, Prince2® Practitioner, ITIL® Expert, BRMP®,CPDE®,TIPA®

Lead Assessor §  Olivier Abecassis, PMP®, Prince2® Practitioner, ITIL® Expert, CITAM®, CCAM®,TIPA® Assessor §  Nodin Di Guida, PMP®, Prince2® Practitioner, ISO 9001 Lead Implementer

IT CHAPTER PRINCE2® TRAINERS TEAM

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§  Olivier Abecassis, PMP®, Prince2® Practitioner, ITIL® Expert, CITAM®, CCAM®,TIPA® Assessor

§  Yves Pierre-Louis, PMP®, Prince2® Practitioner, TIPA® Assessor §  Razvan Pirvu, MBA, PMP®, CGET®, ITIL® Expert

IT CHAPTER PMP® EXAM BOOT CAMP PREPARATION TRAINING TEAM

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Major certification bodies who have a dominant and significant influence world-wide. The Project Management Institute (PMI) with the Project Management Body of Knowledge (PMBOK® Guide ed. 5), AXELOS with PRINCE2®, with the latest publication in 2009.

Project Management certification bodies

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§  The PMBOK or Project Management Body of Knowledge is intended to encapsulate all the knowledge that relates to Project Management. §  There are 600.000 PMI credentials holders worldwide

§  PRINCE2® is a methodology and process for managing a project in any public or private sectors or industries that improves the chances of successful project outcomes. §  There are more than 1.000.000 PRINCE2® credentials holders

worldwide

PMBOK versus PRINCE2®

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§  In its publication, the Project Management Institute (PMI) says the PMBOK is: §  A Guide intended to help practitioners recognize the

general process of project management practice and the associated input and outputs, and techniques for its application.

§  The PMBOK® Guide is neither a textbook, nor a step-by- step or ‘how-to’ type of reference.

The PMBOK

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“… is a guide rather than a specific methodology. One can use different methodologies and tools (e.g., agile, waterfall, PRINCE2®), to implement the PM framework” (Reference: PMBOK 5th Edition, Section 1.1) §  Project management knowledge and practices are placed into 5

Process Groups: §  Initiating §  Planning §  Executing §  Monitoring & Controlling §  Closing

PMBOK

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1.  Integration Management 2.  Scope Management 3.  Time Management 4.  Cost Management 5.  Human Resource Management 6.  Quality Management 7.  Communications Management 8.  Procurement Management 9.  Risk Management 10.  Stakeholder Management

PMBOK® describes disciplines in 10 Knowledge Areas

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§  Strengths §  Provides guidance and knowledge on:

§  Project management organized by Process groups and Knowledge areas §  Leadership, and interpersonal skills §  Reporting project costs such as EVM for effective reporting §  Professional code of conduct of a project manager

§  Provides a complete step-by-step process on managing a project §  Lists the tools and techniques that can be used in a specific process Knowledge

on specific aspects of the project for Procurement and Quality

§  Limitations §  No guidance on:

§  Project management team responsibilities §  Tailoring - how exactly to proceed and step by step approach

§  Outputs for processes described but little guidance on contents provided §  No knowledge covered on the post project activity (realizing benefits) §  Not enough details on the contents of plans

PMBOK Strengths and Limitations

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§  A structured, process based project management method, §  It stands for PRojects IN Controlled Environments. Helps you plan and control a project

of any size around a structure of key activities, ensuring that the benefits of a project always outweigh the costs.

§  Project management tool for practitioners. §  Extracts and focuses on key elements (Themes) which it identifies as being crucial to

the successful assessment and completion of all projects. §  Contains a structured Process to tie those elements together to reduce overall project

risk, with several useful techniques to support them. §  PRINCE2® Principles, Themes and Processes are consistent with the PMBOK®

Guide, but PRINCE2® does not include all the knowledge areas and details specified in the PMBOK® Guide.

PRINCE2®

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§  PRINCE2® is a project management methodology and tool for practitioners. §  PRINCE2® extracts and focuses on key elements (Themes) which it

identifies as being crucial to the successful assessment and completion of all projects.

§  It contains a structured Process to tie those elements together to reduce overall project risk, with several useful techniques to support them.

§  PRINCE2® Principles, Themes and Processes are consistent with the PMBOK® Guide, but PRINCE2® does not include all the knowledge areas and details specified in the PMBOK® Guide.

The PRINCE2 Structure

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§  Strengths §  Alignment to Business Case throughout the Project Lifecycle §  Product Based Planning approach and focus on achieving them §  Well defined Roles and Responsibilities of multiple stakeholders §  Offers the depth “how to” method in project management practices §  Robust system of checks and controls §  Uses tolerances in key areas such as risk, scope and quality §  Can be tailored and applied to any project §  Offers a framework for facilitating individual Project success! §  Management by Exception allowing more focus on areas requiring attention §  Managing by Stages i.e. only one stage is committed at a time

§  Limitations §  Detailed techniques to plan and carry out project activities are not provided §  Leadership and People management skills are not covered §  Little flexibility offered on adapting the best practices §  Little emphasis on development of Project Managers skill sets

PRINCE2® Strengths and Limitations

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PRINCE2® Foundation Certification §  New and experienced project staff managing, or involved in, small to

medium projects §  Suitable for Junior Project Managers §  Introductory step for those interested in a career in Project Management

PRINCE2® Practitioner Certification §  New and experienced project staff, managing small to large projects §  Suitable for Junior Project Managers, Project Administrators, PMO

Coordinators, Experienced Project Managers, Project Directors, Executives

§  Next step for those interested in a career in Project Management, who already have their PRINCE2® Foundation qualification

Who is PRINCE2® for?

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PMBOK PRINCE2®

Purpose Comprehensive guide on all aspects of project management

PracBcal project management methodology based on principles

Approach A knowledge based approach to project management

Process Based – defines the what, when, who, and how through a series of 7 management processes

Content Describes core pracBces and a wider range of techniques A series of 7 project management processes

UBlizaBon Non-‐prescripBve , best pracBces PrescripBve, but meant to be tailored by project

Roles Primarily the project manager's role Defines the roles of everyone involved in a project -‐ Project Board, PM, TM, PA, PS, etc.

Inclusions Procurement, HR management. More depth on techniques such as EVM, CriBcal Path, esBmaBng, etc.

Business case, product based planning, management by excepBon, clarity in roles and authoriBes, project assurance

CerBficaBons 2 levels of cerBficaBons: CAPM, PMP

3 levels : FoundaBon, PracBBoner, Professional

Content - PMBOK vs. PRINCE2®

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Item PMP Accredita$on PRINCE2 Accredita$on

Schema Owner PMI, USA AXELOS , UK

Eligibility

ENTRY LEVEL: CAPM (CerBfied Associate Project Management) Eligibility: 23 hrs. of Contact Training + 1500 hrs. of project experience

PRINCE2 FoundaBon Eligibility: None

EXPERT LEVEL: PMP (Project Management Professional) Eligibility: 35 hrs. of Contact Training + 4500-‐7500 hrs. of project experience

PRINCE PracBBoner: PM experience is recommended

Prerequisites PMI ApplicaBon Approval FoundaBon level cerBfied to PracBBoner

Open Book No No for FoundaBon, Yes for PracBBoner exam

Exam Format Online or Computer Based -‐ Monitored Paper Based – Monitored (Online available for FoundaBon)

Examina$on ExaminaBon Center (Prometric) Last day of training (with ATO)

Exam Dura$on 4 h FoundaBon: 1 h – PracBBoner: 2.5 h

Exam PaKern MulBple Choice ObjecBve Type FoundaBon: mulBple choice, PracBBoner: Scenario with 5 type of quesBons: MulBple choice, mulBple response, matching, sequencing and asserBon/reason

# ques$ons 200 quesBons FoundaBon: 70 quesBons PracBBoner: 8 quesBons: 80 marks

Pass rate criteria PMP: 62.5% FoundaBon: 50%, PracBBoner: 55%

Re-‐Cer$fica$on/renewal AccumulaBon of 60 PDUs in 3 years Re-‐registraBon exam aier 5years

Accreditation – PMP® vs. PRINCE2®

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§  PMBOK provides the knowledge and PRINCE2® the “how-to” §  PMBOK is a map, Prince2® is how to get there §  There are both a good foundation for “doing projects right” §  They both provide an internationally proven approach to implementing

projects §  Are both Project Management “Best Practices”

PRINCE2® and PMBOK are complementary

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In short, whether you are an Executive, Project Director, Project Manager, or Subject Matter Expert (SME), PRINCE2® will give you

a new perspective on how to successfully deliver projects!

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§  Being PRINCE2® certified will provide your Clients and Management with the confidence that you understand the mechanisms allowing you to succeed with the projects that were assigned to you.

§  Gives you hands on tools and practical guidance on “how to” of the project management

§  Ability to manage international projects in organizations which adopted PRINCE2® method

§  At the end of the 5 days of training, you will have immediately earned 38 Personal Development Units (PDUs) (Category B).

As a Project Manager PMP® certified, why is any additional certification necessary?

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§  To improve control of your projects portfolio, be in total control. §  To save time by managing all projects by exception. When all goes

well, you will be appropriately informed. If the trend is worsening, however, you will be advised in a timely manner by the steering committee.

§  To ensure that all PRINCE2® projects are aligned with their “Business Cases”.

§  To easily pass along the benefits of PRINCE2® methodology to a large number of your employees.

As a Project Executive, why should you adopt PRINCE2® for you organization?

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§  It is easy to adopt because PRINCE2® aims at providing a proven

formula for maximizing project successes. §  PRINCE2® is complementary to, and fully compatible with, a wide

variety of methodologies such as Agile or PMI. §  PRINCE2® emphasizes the customer’s vision within any given

project, clearly defines roles and responsibilities, provides clear escalation criteria and procedures, and ensures both transparency and constant evaluation/re-evaluation.

As a Director of the Project Management Office, how will you benefit by changing to the PRINCE2® methodology?

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§  It will help you better understand how your contribution to a project fits within a more complex framework.

§  Being PRINCE2® certified will help you clearly understand the terms of each project and the language of the Project Manager, and will guide you in delivering your specific part of the finished product.

As Subject Matter Expert (SME), how would I benefit from learning the PRINCE2® project management

methodology?

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At a high level, PMBOK® Guide is a Body of Knowledge and PRINCE2® is a method for successful management of Projects. PMBOK §  PMBOK® Guide is a descriptive comprehension of the PM

Processes, Tools and Techniques. §  PMBOK® Guide defines the collection of knowledge, generally

recognized as Best practices for managing Projects PRINCE2® §  PRINCE2® takes a prescriptive (although flexible) approach for

Project Management, complete with Templates, Roles and Responsibilities of multiple Stakeholders etc.

§  PRINCE2® is a process-driven PM method

In summary…

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Available Certifications @ IT Chapter

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Training Dura$on Descrip$on

ITIL® 3 to 5 days

IT Service Management best pracBces

CobiT5® 3 days Governance of IT

ISO 27001 3 days ImplemenBng and managing an InformaBon Security Management System

PMP® 4 days PreparaBon to PMP Exam

TOGAF® 9 (Level 1 & 2) 4 days Framework for Enterprise Architecture

Cloud EssenBals 3 days Acquire competences to manage, uBlize and govern properly the new technologies in the Cloud

Prince2® 3&2days IT Project Management


Available Certifications @ IT Chapter

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Training Dura$on Descrip$on

TIPA® Assessor and TIPA® Lead Assessor

3 days Learn how to assess capabiliBes of ITSM processes

BRMP® 3 days

Business ReleaBonship Management Professionnals

IAITAM® 2 to 3 days

Assets Management


OUR PMP BOOT CAMP EXAM PREP@ AND PRINCE2@ COURSES SCHEDULE:

http://itchapter.com/training/courses-

calendar/

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Leadership & Management

Similarities and differences between PMBOK® Guide and PRINCE2® method