Originally posted by filthy1980
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Over here it's Prince2 (Projects in a controlled environment version 2, although v2 underwent a refresh last year but still called Prince2). They are similar in most ways, but quite different in a couple. Planning, for instance is very different. The UK Prince2 method prescribes a Product-based Planning technique which in my view is superior to the traditional WBS style planning used by PMP. Whereas PMP concentrates a lot harder in evaluating and reporting with its Earned-value analysis and accompanying mathematic formulas.
One other major difference is that in PMP (the Americans), the project is driven by the sponsor (the paying customer). Whether or not the project goes ahead is based on the whim of this person. This is the real world, of course.
In Prince2, the philosophy is loftier as the project is driven by the strength of the business case, not the sponsor. This viewpoint suggests that if the business case is not strong enough, then the project cannot start, even if the sponsor who has the money, wants it to happen. Romantic, but not on this planet so far.
Overall, in my experience, America invented modern business project management. They really understand it. Save for a couple of good ideas in Prince2, my favourite is PMP. Its also a tougher qualification to get as you need to have a degree, and at least 3 (iirc) years provable experience in the field before you are allowed to sit the exam.
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