pmbok vs prince2 comapred
DESCRIPTION
project methodology comparisonTRANSCRIPT
The Smarter Everyday project is owned and operated by CTE Solutions Inc. 1 CPMG Inc. © 2014
PRINCE2 & PMBOK
COMPARISON DEMYSTIFIED
This seminar provides an overview of the PMBOK approach and PRINCE2 method and examine the similarities and differences between PMBOK® Guide and PRINCE2 method.
Finally, it suggests how these two project management approaches relate to and complement each other, and how PRINCE2 provides added value to a PMBOK® Guide knowledge base.
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About this seminar
Jacques Ledoux, PMP, PRINCE2, ITIL
Accredited & Certified Trainer [email protected] Tel. 613-850-7529
Many international standards exist, and have initiated the emergence of project management certifications that targets individuals rather than organizations.
Despite this orientation, most project management standards are process-oriented. Therefore, many Government organizations and private companies have developed in-house methodologies that are more or less inspired by these standards.
There are two major process-oriented certification bodies who have a dominant and significant influence world-wide.
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Foreword
These are:
The Project Management Institute (PMI) with the Project Management Body of Knowledge (PMBOK® Guide ed. 5),
and
The Office of Government Commerce (OGC) with PRINCE2, with the latest publication in 2009.
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Major PM certification bodies
The PMBOK or Project Management Body of Knowledge is intended to encapsulate all the knowledge that relates to Project Management. The PMBOK® Guide clearly aids the development of knowledge and understanding about PM.
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 other methodologies that may do the same; but PRINCE2 is the most widely adopted method world-wide.
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Comparison of PM standards
Why do we need one? • Be more efficient at implementing projects
• To improve maturity of PM processes
• To have a common understanding of steps and roles
• For new and existing organizations (or re-organization)
Options for sourcing a methodology Custom develop one for your organization
Use an existing proven methodology
or
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Methodologies
Just as projects are unique, so are approaches to project management
A standard describes what should be done; where a methodology describes how things should be done
Many organizations develop their own project management methodologies, especially for IT projects
PRINCE2, Agile, Rational Unified Process (RUP), and Six Sigma are different project management methodologies.
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Developing an IT PM Methodology
Since many of the Projects outsourced are currently from the Americas, the knowledge of PMBOK® framework and the PMP® Certification have become more desirable for companies and participants from outsourcing countries.
PRINCE2® is already widely used in UK and European Countries, whereas PMBOK® based standard is quite popular in countries part of the Americas.
However, as Consulting companies look beyond the Americas for diversifying their client base, awareness and knowledge of PRINCE2® is gaining popularity.
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PMBOK and PRICE2 Adoption
PMBOK At a macro level, PMBOK® Guide is a Body of Knowledge and PRINCE2®
is a method for successful management of Projects. PMBOK® Guide is a highly descriptive comprehension of the PM
Processes, Tools and Techniques. PMBOK® Guide defines the collection of knowledge, generally
recognized as Best practices for managing Projects, which a Project Manager should know.
PRINCE2 PRINCE2® takes a prescriptive approach for Project Management,
complete with Templates, Roles and Responsibilities of multiple Stakeholders etc.
In contrast to the PMBOK®, PRINCE2® is a process-driven PM method, which describes what the Project Manager and other major Stakeholders should know and should do in Projects.
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PMBOK and PRICE2 Characteristics
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PMBOK® GUIDE (589 pages) Comparable PRINCE2® (327 pages)
Knowledge Areas Processes & Themes
Integration Combined Processes and Themes, Change
Scope, Time, Cost Plans, Business Case, Progress
Quality Quality, Change (Configuration Management)
Risk Risk
Communications Progress
Human Resources, Stakeholder Organization (limited) Mgmnt
Procurement Not Covered
PMBOK Guide vs PRICE2 Manual
PMBOK® is: A Guide to the Project Management Body of Knowledge (PMBOK® Guide)
Is the recognized standard of project management knowledge.
Ensures your project management knowledge and frameworks are up- to-date, and is the foundation for the profession.
Provides guidelines, rules and characteristics for project management. This standard is widely accepted and, when consistently applied, help you, your global peers and your organization achieve professional excellence.
As project management evolves, so do PMI's standards. It continues to expand and to keep improving the profession and providing the information you need.
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What is PMBOK?
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® Guide calls on the practitioner to apply a project management methodology (as a tool).
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The PMBOK Structure
Project management is the application of knowledge, skills, tools and techniques to a broad range of activities
in order to meet the requirements of the particular
project.
Project management knowledge and practices are best
described in terms of their component processes.
These processes can be placed into 5 Process Groups 1. 2. 3. 4.
Initiating Planning Executing Monitoring
& Controlling Closing 5.
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According to “A Guide to the Project
Management Body of Knowledge”
Project Management Institute (PMI®)
PMBOK knowledge for the Industry
2: Planning
3: Executing
1: Initiating 4: Monitoring & Controlling
5: Closing
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The project Life Cycle (as per PMI)
Process Groups
Disciplines – 10 Knowledge Areas
Integration Management
Scope Management
Time Management
Cost Management
Quality Management
Human Resource Management Communications Management
Risk Management
Procurement Management
Stakeholder Management
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
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Disciplines of Project Management
PMBOK
The following are major inclusions in the PMBOK® Guide Project Manager in comparison to PRINCE2®
for the
Procurement Management (Contract Management) Team Management Cost Management and Earned Value Analysis Schedule Management Communications Management PMBOK is better for evolving an Organization specific methodology for managing Projects and as a guideline
reference.
“…this standard 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)
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Major inclusions in PMBOK Guide
Advantages Provides all round guidance and knowledge on project management Provides a complete step-by-step process on managing a project Guidance organized by Process groups and Knowledge areas Lists the tools and techniques that can be used in a specific process Knowledge on specific aspects of the project for Procurement and Quality Provides guidance on leadership, and other interpersonal skills Guidance on Reporting project costs such as EVM for effective reporting Guidance on the professional code of conduct of a project manager
Limitations Outputs for processes described but little guidance on contents provided No guidance on project management team responsibilities No guidance on tailoring - how exactly to proceed and step by step approach 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
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PMBOK Process modei and approach
PRINCE2® is: A structured, process based project management method, endorsed as the industry standard by the UK Government. 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.
In the UK and Europe, PRINCE2 is the project management methodology of choice, and is required by the UK government for all projects it commissions.
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What is PRINCE2?
PRINCE2 ® does not claim to be as comprehensive as the PMBOK® Guide.
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.
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The PRINCE2 Structure
The following is an overview of major strengths of PRINCE2® for the Project Manager in comparison to the PMBOK® Guide
Continuing alignment to Business Case throughout the Project Lifecycle A clear delineation of Deliverables/Reports through Product Based Planning approach and focus on achieving them Well defined Roles and Responsibilities of multiple stakeholders/robust system of checks and controls Detailed guidelines for Change control / Configuration Management/Project documentation Uses tolerances in key areas such as risk, scope and quality Focus on Products, Principles and Lessons Learned Can be tailored and applied to any project regardless of project scale, type, organization, geography or culture. Offers a framework for facilitating individual Project success!
“PRINCE2® is a very robust and comprehensive project management framework increasing project success”
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Major strengths of PRINCE2
Advantages Offers the depth in project management practices (How to) Knowledge is organized around Principles, Processes & Themes Description and Templates of project management products are provided Tailoring approach and guidelines are provided Focus is on Products and other key principles Management by Exception allowing more focus on areas requiring attention Managing by Stages i.e. only one stage is committed at a time Emphasis is on Business case and in achieving the Benefits Detailed description on developing project documentations is provided Trainings and Exams are completed in 5 days – with less prerequisites
Limitations
Detailed techniques are not provided to plan and carry out project activities Leadership and People management skills are not covered in the method Little flexibility offered on adapting the best practices as it is more a method Little emphasis on guidance or development of Project Managers skill sets
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Prince2 Process Model and Approach
Foundation Certification New and experienced project staff
Ideal for those managing, or involved in, small to medium projects
Suitable for Junior Project Managers
Excellent introductory step for those interested in a career in Project Management
Practitioner Certification New and experienced project staff
Ideal for those managing small to large projects
Suitable for Junior Project Managers, Project Administrators, PMO Coordinators, Experienced Project Managers, Project Directors, Executives
Excellent next step for those interested in a career in Project Management, who already have their PRINCE2® Foundation qualification
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Who is PRINCE2 for?
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Major Points PMBOK® Guide PRINCE2®
Approach to PM Largely Descriptive Quite Prescriptive - especially for Process interactions, but scalable
Project Initiation Customer centric - Project Charter Business Case driven
Empowerment for the Project Manager (PM)
Need to consider Sponsor/Key stakeholders
Project Ownership and Control by Senior Management above PM (Project Board/Executive)
Adaptation/ Tailoring to specific Projects
Is left to the PM- some Processes can be left out if needed
All Processes need to be considered - but can be scaled - to meet Project specific requirements
Controls/Checkpoints Are left to the PM to decide Multi level controls clearly laid out for progress reporting and tracking at various levels
The Major Comparative Points
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PMBOK PRINCE2
Comprehensive information on all aspects of project management
Practical project management methodology based on 7 principles
Driven by customer requirements Driven by the business case
A knowledge based approach to project management
Process Based – defines the what, when, who, and how through a series of 7 management processes
Describes core practices and a wider range of techniques that can be applied to manage a project
A series of 7 management processes defining what must be done, when and how it must be done and by whom over the life of a project
Non-prescriptive , best practices Prescriptive, but meant to be tailored by project
Primarily the project manager's role Defines the roles of everyone involved in a project - Project Board, PM, TM, PA, PS, etc.
Procurement, HR management. More depth on techniques such as EVM, Critical Path, estimating, etc.
Business case, product based planning, management by exception, clarity in roles and authorities, project assurance
2 levels of certifications: CAPM, PMP 3 levels : Foundation, Practitioner, Professional
PMBOK vs. PRINCE2 comparison
Item PMP Accreditation PRINCE2 Accreditation
Governance PMI, USA APMG, UK
Training Org Registered Education Providers (R.E.P) Authorized Training Organizations (ATO)
Cert. Trainers Not required Required
Entry Level
CAPM (Certified Associate Project Management) Eligibility: 23 hrs. of Contact Training + 1500 hrs. of project experience
PRINCE2 Foundation
Eligibility: None
Expert Level
PMP (Project Management Professional) Eligibility: 35 hrs. of Contact Training + 4500-7500 hrs. of project experience
PRINCE Practitioner Eligibility: None - Although PM experience is recommended
Prerequisites PMI Application Approval Foundation level certified
Open Book No Yes for Practitioner exam
Exam Format Online or Computer Based - Monitored Paper Based – Monitored (Online available for Foundation exam)
Conducted Prometric ATO on the last day of training
Duration 4 hours Foundation: 1 hour – Practitioner: 2.5 hours
Exam Pattern
Multiple Choice Objective Type
Scenario with 5 type of questions: Multiple choice, multiple response, matching, sequencing and assertion/reason
# questions
200 questions
Foundation: 75 questions
Practitioner exam: 8 questions with 10 sub-questions: 80 marks Pass % PMP: 62.5% Foundation: 50%, Practitioner: 55%
Results Immediate Foundation: Same day, Practitioner: 2-4 weeks wait
Re-Cert. 60 PDUs in 3 years Re-registration exam (25 Questions) after 5 years
Exam Info
PMP Handbook from www.PMI.org
PRINCE2 Qualifications Scheme from http://www.apmg- international.com/
Accredition – PMP vs PRINCE2
PRINCE2 and PMBOK are complementary
PMBOK provides the knowledge and PRINCE2 the how-to
There are both a good foundation for “doing projects right”
They both provide an internationally proven approach to implementing projects
Are both built on a family of “Best Practices”; addressing all levels of organizational needs
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In Summary:
Training with impact TECHNICAL MANAGEMENT BUSINESS
Microsoft
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Cloud Computing
IT and Cyber Security
CompTIA
Java Programming-
Languages
Novell
UNIX
TOGAF
Enterprise
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ITIL
COBiT
Agile and Scrum
Business Analysis
Project
Management
Change Management
Communication Skills
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Negotiation Skills
Problem Solving Skills
Facilitation Skills
and many more…
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Fax: (416) 284-6797
To discuss your next steps or for additional information,
please contact:
Jacques Ledoux, PMP, PRINCE2,
Accredited & Certified Trainer
ITIL
CPMG Inc.© 2014
Thank you