Successfully Achieved the PRINCE2 Foundation Certification and Its Key Benefits

About PRINCE2 Foundation Certification

The PRINCE2 Foundation is targeted at any project team member or team lead or product manager who needs to understand the basics of a structured project management methodology.

The principal objective of taking PRINCE2 Foundation Certification is to make sure that you are provided with skills to be a part of the team and have a precise knowledge of the terms, phrases and the method of operation of the PRINCE2 project management process.

The PRINCE2 Foundation certification eases a person to get an insight into understanding the method of working effectively on projects completed under the PRINCE2 framework.

It helps you get an understanding of the underlying methodology and terminology of the PRINCE2 method.

PRINCE2 Foundation Certification Requirements

• While there is no requirement for PRINCE2 Foundation level certification, it is better to have a basic knowledge of managing projects.

Who Should Attend PRINCE2 Foundation Certification Exam?

Individuals who will benefit from this PRINCE2 Foundation certification include:

• Managers

• Supervisors

• Leaders

• Team Members

• Individuals interested in project work and a controlled approach to managing projects.

PRINCE2 Foundation Level Certification Exam

• The time of the exam is One Hour.

• The number of questions is 60.

• The passing percentage is 55% (33/60).

• The types of questions asked in the PRINCE2 Foundation exam can be a multiple choice question with four answer options.

• There is no negative marking.

• Reference Book: Managing Successful Projects with PRINCE2 Publication, 2017 edition.

• You are not permitted to take the book to the exam since it is not an open book exam.

Benefits of PRINCE2 Certification

PRINCE2 gives you many benefits, some of which are outlined below:

Presents You with Methodology:

• It is the essential benefit of PRINCE2. PRINCE2 provides you with a methodology to do the project. This methodology has a theme and processes which guide you with thoughts to why, how, and whom. You can personalize the theme according to your project requirements.

• It also presents you with pre-made templates, which can be very useful for many project management-related activities.

• This is something that the PMBOK does not give you; it provides you with the framework or the “how” part of the project.

Universal Principles:

• The principles of PRINCE2 are universal so that you can apply them to whatever size or any project. It does not involve whether it is small or large, or whether it is an IT project, construction project, or a product development project.

Management by Exception:

• PRINCE2 uses management by exception. It means as long as the issue is below the tolerance limit, the project manager will manage it; however, as the subject meets the tolerance limit, it becomes an exception.

• In this case, higher management will occur.

Skill Improvement:

• PRINCE2 is globally known and developed by professionals throughout the world. You will be more positive and more likely to finish the project successfully.

• It brings you to a public platform and enables you to sync your knowledge with the best industry practices, and hence, you will be in control.

Employability:

• The PRINCE2 qualification is globally known, and having it on your resume will significantly increase its weight.

• For many UK government contracts, PRINCE2 is necessary, and you cannot apply for these jobs unless you are PRINCE2 qualified.

Salary Prospects

• An important factor in deciding if the PRINCE2 certification and the costs involved in getting PRINCE2 certified are the benefits of achieving the PRINCE2 certification. Most of the time, this means recognizing the average salaries of the jobs intended at PRINCE2 certified Project Managers.

• The average salary for PRINCE2 certified is approximately $98000. In terms of pay based on gender, we see that the payment for females who have completed the prince2 certification is around $49k - $147k. The average salary for males who have completed the prince2 certification is around $60k - $159k. Hence, you have a basis for comparing the PRINCE2 certification cost with resulting gains.

• Apart from average salaries on the achievement of the PRINCE2 certification, we also have to recognize other factors that go into the state of PRINCE2 certification cost as a whole.

Conclusion

PRINCE2 is one of the world’s leading qualifications for professionals involved in project management activities. Its principles are accepted and can be used on any project. It gives you with methodologies, templates, and everything that you will require to complete projects with better control. It even explains the roles of each team member as well.

So, if you are serious about your project management profession, you should think of becoming PRINCE2 certified.