Is the Cost of PRINCE2 Certification Worth It?

Are you thinking about getting a PRINCE2 certification but aren’t sure how it will help you? 

Whether you’re an experienced project manager wishing to certify your skills or new to the field and unsure where to begin, being PRINCE2 qualified could be the ideal approach to get started. It is one of the most generally recognized project management certifications. We’ve covered you if you seek reasons to get PRINCE2 certification in 2022. So, read this article to discover the top reasons why you should consider obtaining a PRINCE2 certification or whether the PRINCE2 certification cost is worth it or not.

First will discuss what PRINCE2 certification is.

What is PRINCE2 Certification?

PRINCE2 stands for PRojects IN Controlled Environments. It is a process-based approach to effective project management that will teach you the core skills required to become a successful project manager. PRINCE2 is also scalable, and the most recent update to the framework makes it easier to adapt to each project you work on. As a result, more than 1 million qualified professionals worldwide use PRINCE2 as their project management method.

In addition, the PRINCE2 certification scheme assists you in gaining expertise in the PRINCE2 approach, allowing you to manage projects of any size or complexity. Following are two levels of PRINCE2 training and certification:

1. The PRINCE2 Foundation certification teaches you how to plan, manage, and deliver projects from conception to finish.

2. The PRINCE2 Practitioner certification builds on the knowledge gained at the Foundation level, allowing you to use and modify the approach in a real-world working setting.

The next section will discuss the reasons whether the PRINCE2 certification cost is worth it or not.

Is the Cost of PRINCE2 Certification Worth It?

Have you ever wondered if it’s worth studying more to advance your project management career?

So, let’s discuss why getting a PRINCE2 certification is a good idea. This will help you understand what this could mean for you and why PRINCE2 training could be the best way you ever do for your career. The following are reasons why you should consider the PRINCE2 certification cost is worth:

Enhances Your Project Management Abilities

Project management necessitates a diverse range of skills. Certain skill sets can only be acquired through experience. As you begin to work on larger, more sophisticated projects, you will encounter more conflict. These initiatives will necessitate strong risk management and dispute resolution skills. But, even after that, you can’t be certain that things won’t spiral out of control.

That is why you require PRINCE2. The PRINCE2 technique emphasizes greater control. When you maximize your control over a project, its odds of success improve. Project managers operate in a highly structured setting to ensure project completion on time. Custom frameworks can also be used to target KPIs.

You’ll comprehend the methodology, procedures, framework, vocabulary, and everything else with a PRINCE2 certification. Furthermore, because PRINCE2 is used by over a million successful project managers worldwide, you’ll study the skills they’ve developed in project planning, monitoring, initiating, executing, and managing.

Worldwide Recognition

The PRINCE2 certification is worldwide recognized and widely accepted as the industry standard. As previously stated, PRINCE2 was developed for the UK government. However, it has since been released into the public domain. As a result, it is extremely popular in nations such as the United Kingdom, Australia, and the Netherlands.

Moreover, it is gaining popularity in Asia, Africa, the United States, and beyond, with public and private sector organizations embracing it for its strengths. According to an AXELOS white paper, even US Federal government project managers use PRINCE2 to execute their IT investments.

So, if you want to work on a global scale, obtaining a PRINCE2 certification can help you get there. Then enroll in Invensis Learning’s PRINCE2 Foundation and Practitioner course to get PRINCE2 certification!

Increases Career Opportunities

PRINCE2 training might improve your employment prospects by opening up new career opportunities. For example, the PRINCE2 certification would make you a very marketable project manager capable of handling highly worthwhile projects. In addition, the accreditation would allow you to work in international corporations that pay high salaries and provide generous benefits.

If you want to work for specific NGOs and make a difference, PRINCE2 training will provide you with an opportunity. Several non-governmental organizations have initiatives that require informed and skilled specialists, such as those who have completed PRINCE2 certification.

Furthermore, the PRINCE2 certification will open many doors for you, and the training is well worth your time and money. Therefore, quoting your CV’s qualifications makes you an excellent prospect for a project management job interview. Following are the job roles that can benefit from PRINCE2 training include, but not limited to:

◉ Project Managers

◉ Aspiring Project Managers

◉ Project Board members

◉ Product Delivery Managers

◉ Project Support Staff

◉ Operational Line Managers

◉ Team Leads / Team Managers

Capability to Deliver Excellent Results

By arming yourself with PRINCE2 knowledge and abilities, you may feel secure in managing difficult projects and delivering excellent results at all times. Furthermore, the course will give you the confidence to tackle any assignment, no matter how difficult it may be.

When you adopt PRINCE2, you eliminate the stress and tension that comes with project management. In addition, because of the training, you feel prepared for any project that comes your way. The sensation improves both your overall quality of life and your work morale.

Huge Salary Benefits

One of the reasons you might want to take PRINCE2 training is to boost your remuneration package. According to the trends, those with the correct qualifications are more likely to be well-paid than those with inferior talents.

Because firms tend to compensate highly skilled project managers who have the training, the PRINCE2 certification may boost your monthly payments. The training costs less than the amount you receive on a monthly wage. You make a small sacrifice in preparation and benefit greatly throughout your working life. Following are the PRINCE2 certification exam and training costs:

◉ PRINCE2 Foundation 6th Edition Exam Cost: USD 363

◉ PRINCE2 Practitioner 6th Edition Exam Cost: USD 488

◉ The PRINCE2 Foundation and Practitioner Certification training cost is between 700 USD to 1500 USD, approximately

Moreover, India, the United States, Australia, Canada, and the United Kingdom have some of the best PRINCE2 certified salaries in the world. Let’s look at the average PRINCE2 certified salary by country:

Country	Salary Per Annum
USA	98,422 USD
Canada	89,009 CAD
Australia	1,18,488 AUD
India	1,517,208 INR
UK	44,466 GBP

No Prerequisites for Taking the Certification

One of the main reasons for PRINCE2 success is that there are no prerequisites for applying for the certification. The qualification is open to both newcomers and experienced project managers. As a result, you don’t need to worry about gaining prior experience before applying. Knowledge of project management can be useful, but it is not required. So, if you want to work in project management, you can apply for PRINCE2 certification. It’s as simple as that.

Avoid the Lengthy Preparatory Period

The Foundation level of PRINCE2 certification is the first step. It is available to both experienced project managers and newcomers. A training course is usually two and a half days long. Unlike other certifications, where you must spend significant time preparing for the exam, PRINCE2 allows you to be prepared in a significantly shorter period.

Because the PRINCE2 Foundation certification is open to newcomers, no prior experience is required. Therefore, you can begin your career as a project management specialist as soon as you are PRINCE2 certified. Above all, this reduces the time and money you would have spent acquiring the necessary training and expertise for other certifications.

While studying for the PRINCE2 Foundation certification, you will thoroughly understand the methodology and be prepared for the PRINCE2 Practitioner certification. So, all of this simplifies your entry into the field.

Operate in Any Business of Your Choice

A practice-driven approach to project management is incorporated into the PRINCE2 methodology. It is a very adaptable and scalable strategy that may be tailored to specific needs. As a result, the PRINCE2 approach may be used for any project in any industry. With the PRINCE2 Agile accreditation, it can also take on Agile projects.

Organizations such as the UK Highways Agency employ PRINCE2 in the construction business. Furthermore, prominent IT businesses such as IBM, HP, Aquasoft, Philips, Siemens, BAE, and others employ the PRINCE2 approach to oversee better and manage their operations.

In the banking industry, PRINCE2 helps to provide the necessary flexibility while ensuring that everything is correctly prepared. A PRINCE2 certification might benefit your investment banking portfolio by confirming your project management skills. Above all, Barclays used PRINCE2 to establish a new governance structure, which allowed them to apply a consistent strategy across departments.

Because of the necessity of accomplishing things step by step, PRINCE2 is also extensively utilized for engineering projects. The PRINCE2 methodology uses a highly process-driven approach to increase efficiency in Operations Management. In addition, PRINCE2 is frequently utilized in the Marketing industry to keep projects on budget.

Source: invensislearning.com