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Being certified as a project management professional has certain benefits. First, you will most likely be able to command a higher salary with your project management professional (PMP) certification. This credential tells current and potential employers that you are an expert in your field; that you have the knowledge and experience needed to effectively complex projects and be effective leaders. People with PMP certification are highly regarded, it is recognized worldwide, and it is something that stands out on a resume. Although you can have a fulfilling career as a project manager without this credential, it is something that can give your career a much needed boost.

The PMP certification is awarded by the Project Management (PM) Institute. You must pass an exam sponsored by them. The test is 200 questions long and you have 4 hours in which to complete the exam. Generally, the test is conducted via computer at a testing center. The test questions focus on testing individuals in nine areas of knowledge such as project integration management, project time management, and project risk management. You will also need to know about the five major process groups, initiating, planning, executing, monitoring and controlling, and closing. Many of the questions are based on the PMI book 'A Guide to the Project Management Body of Knowledge'. 

The PRINCE2 method is documented in The Cabinet Office publication "Managing Successful Projects with PRINCE2", readily available from the official publisher, TSO. This is aimed at those working in the project environment and the project managers in particular. "Directing Successful Projects with PRINCE2" covers the duties and responsibilities expected of the Project Board.

PRINCE2 is an update to the original PRINCE. PRINCE was developed from PROMPTII, a Project Management method created by Simpact Systems Ltd in 1975; PROMPTII was adopted by CCTA in 1979 as the standard to be used for all government projects. PRINCE2 is described as a de facto standard; this is because it is used throughout the UK government departments for projects and is widely recognized and used in the private sector, both in the UK and internationally. PRINCE2 has a process based approach. This approach describes the various processes; explaining to management what has to be done by suggesting how to bring together the raw materials to achieve project success.

PRINCE2 acts as a common language among business, users and suppliers, allowing for their representation on the Project Board. Although PRINCE2 doesn't include contract management as such, it provides the necessary controls and boundaries needed for everybody to work together within the limits of any relevant contracts.

 Before we analyze the differences between the two and how they can be used together, let us look at the structures of these two methodologies. PRINCE2 has four integrated elements, namely, the themes, the processes, the principles and tailoring PRINCE2 to project environment. PMP is a methodology that also addresses the technical aspects of projects such as interpersonal skills and leadership capability. PRINCE2 is a project management method that provides a prescriptive framework to manage projects from start to finish. PMP is a more hands-on methodology which provides project management tools and techniques to aid a P.M in managing projects.