2024 PRINCE2 Certification - Requirements, Cost, and How to Earn

PRINCE2 (Projects IN Controlled Environments) certification stands as a valuable asset for project managers in 2024, and can be a game changer in your career. Whether you want to climb high on your career ladder, or looking to enhance your project management skills, a PRINCE2 certification can help you open doors for several opportunities.

What is PRINCE2 Certification?

PRINCE2 is a globally recognized project management methodology that provides a structured approach to managing projects, and offers a common language and framework for project management processes. This certification was initially developed under the UK government’s supervision in the year 1996 and has now become a global standardized methodology for project management.

PRINCE 2 emphasizes clear roles, defined processes, and staged management to ensure projects meet business objectives. This certification validates an individual’s understanding of PRINCE2 methodology and demonstrates their competence in project management principles and practices.

Why Go for PRINCE2 Certification?

The world today is on the constant move. With advancements in Generative AI, Cloud, and various other technologies, businesses want to stay ahead of their competitors. This fierce competition demands a top-notch project management process. PRINCE2 teaches you to handle projects confidently and systematically. PRINCE2 certification training gives you hands-on theoretical knowledge of project management and increases your job prospects. This credential helps you stand out in the competitive job market and excel in your role as a project management professional.

PRINCE2 Certification Levels

There are several levels of PRINCE2 certifications, each catering to different skill levels and roles within project management:

1. PRINCE2 Foundation Certification: This is the entry-level certification that introduces candidates to the fundamental concepts of PRINCE2 methodology. This level is best suited for candidates who are looking to start their journey in project management or those seeking a basic understanding of PRINCE2 principles.
2. PRINCE2 Practitioner Certification: Practitioner certification validates a deeper understanding of PRINCE2 and provides you skill on how to apply its concepts in real-world scenarios. This certification is ideal for project managers, team leaders, and for the individuals involved in managing projects using PRINCE2 methodology.
3. PRINCE2 Agile Foundation & Practitioner Certification: This certification combines the flexibility of agile practices with the rigor of PRINCE2 methodology. Thus it enables project managers to adapt to changing environments and helps them maintain control over project delivery. It is designed for professionals working in agile project management environments or those seeking to integrate agile principles into their projects.

Requirements for PRINCE2

Requirements for earning a PRINCE2 certification depend on the specific level of certification you want to aim at. Below is the breakdown of the requirements for each level:

1. PRINCE2 Foundation Certification

• There is no need of any formal requisites for this certification level. It is open to anyone who is interested in project management.
• No prior project management experience or qualification is required to enroll in a PRINCE2 Foundation course.

2. PRINCE2 Practitioner Certification

• For practitioner-level certification, you need to successfully complete the PRINCE2 Foundation or have one of the recognized project management qualifications. 
• Some of the recognized qualifications for entry to the practitioner level include CAPM, IPMA Level A, IPMA Level B, etc.

3. PRINCE2 Agile Foundation & Practitioner Certification

• Candidates are expected to have a basic understanding of agile concepts to help earn this certification.
• You also need to hold either the PRINCE2 Foundation certification or one of the recognized project qualifications mentioned earlier.

Cost of PRINCE2 Certification

The cost of PRINCE2 certification varies and is based on the level of certification and the training provider. Some of the key factors that can affect the total cost include:

• Training Provider: The cost of PRINCE2 certification course and exam preparation materials vary depending on the training provider. Accredited training providers are reliable and may often charge high.
• Training format: This training is available in various formats. For example, you can choose from classroom-based training, virtual instructor-led training, online self-paced courses, etc. You need to pay different amount depending on the format you select.
• Study Material: The cost of PRINCE2 training also varies depending on the provider and the format of the materials.
• Exam Fees: Some training providers include exam fees in their course fees, while others may charge separately.
• Bundle Deals and Discounts: Many training providers offer discounts for combined training and exam packages and may also offer corporate discounts.

Below is the breakdown of the various certification level costs:

• PRINCE2 Foundation Certification Cost: This can range between Rs 25,000 to Rs. 30,000
• PRINCE2 Practitioner Certification Cost: The cost for this level in India is around Rs 30,000 to Rs 35,000
• PRINCE2 Agile Certification Cost: For this level of certification, candidates need to pay between Rs 35,000 to Rs 40,000.

How to Earn Your PRINCE2 Certification

If you want to earn your PRINCE2 certification then follow the simple steps below:

1. Choose Your Certification Level: You need to start by determining which PRINCE2 certification level aligns with your career goals and suits your skill level.
2. Find a Training Provider: Get yourself enrolled in a PRINCE2 training course, from an accredited training institute. You can consider joining Knowlathon, which is a renowned and accredited training institute and provides a comprehensive coverage of PRINCE2 Foundation and Practitioner syllabus.
3. Complete the Training and Take the Exam: After the successful completion of your training, schedule your certification exam through an accredited training organization. This is a computer-based exam that validates your understanding of PRINCE2 fundamentals.
4. Pass the Exam and Maintain Your Certification: PRINCE2 certification demands periodic renewal and continuing education to help candidates remain upfront of the changing industry trends. It is crucial to stay updated on any renewal requirements to retain your certification status.

Conclusion

Obtaining a PRINCE2 certification in 2024 can significantly enhance your skills and career prospects. By understanding the requirements, costs, steps to earning this certification, you can make an informed decision about pursuing this certification.

Click here to start your journey towards becoming a proficient project manager today.