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Which is the most valuable (rather recognized) certification in project management field?

There are various certificates like PMP (Project Management Professional by PMI USA), CCP (certified Cost Professional by AACE International USA), PRINCE2 etc. Kindly answer which certificate you will choose and why (the reason)?

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Question added by Bhavin Mehta CCP(CCE), PMP , Assistant Manager , Larsen and Toubro Ltd
Date Posted: 2013/07/25
Mohamed Ramy Tmar
by Mohamed Ramy Tmar , Senior Scheduler Team Lead , Jacobs Engineering SA

If you want to be a PMP, or a MCP, then you sit for a National Exam created by a recognized body.
True, the Microsoft Exams are "only" Microsoft Certifications, but they do carry tremendous credibility.
The same is true for the PMI "PMP" and related exams.
I have yet to find a nationally recognized exam that certifies me with a "belt" in MS Project.
The closest I can find is a training provider who give their own exam for "black belt".
That is not a certficiation in my mind.
You can't study up on your own, or take a class at "Provider X" and then go sit for their "belt exam." If I am wrong, someone please set me straight.
PMI also offers a Scheduling Professional Certification (PMI-SP).
I don't think PMPs really need it as the material is all the same as Chapter6 from the PMBOK, that's my opinion.
There is the Amercian Management Association, a competitor to PMI, you may want to check that out.
Additionally, there is an Earned Value (EV) certificaiton that is a national exam offered only twice a year.
If you do any government work at all, I'd look at it.
It is a product of AACE (Association for the Advancement of Cost Estimating)

Ajikumar Gopinathan Nair
by Ajikumar Gopinathan Nair , Technical Consultant in Clean Kerala Co Ltd , Clean Keral Company Ltd

EXPERIENCE .

Navid Iqbal
by Navid Iqbal , Project Manager , emiratesnbd

PMP (mostly organizations are practicing the PMI standards) and Prince2 as some of the companies follows prince2

Faraz Ali Khan
by Faraz Ali Khan , Information Security Consultant , PUBLIC PENSION AGENCY

Well, PMP and Prince2 both are valuable in GCC.
Its up to you for which you wanna go for.

Godwin Etim
by Godwin Etim , Bernard Ojeifo Longe V First Bank of Nigeria Plc

It is the PMP Certification. It is universally recognized.

Joefil C. Jocson
by Joefil C. Jocson , CEO/President , Dyas Construction and Management Consultants

PMP, MPM, CIPM

Vetri Selvan Manikkam
by Vetri Selvan Manikkam , Assistant Manager -Quantity Survey , Larsen & Toubro (Oman) LLC

Guild of Project certifications i.e black,, red and orange are widely recognized certificates in Project Management. 

As per the list provided by you, the priority is as follows.

 PMP, CCP and Prince 2

It is better to aim for a high level of certification i.e GPC ,however you can start with PMP & CCP .

 

Mohammed Rafi Shariq
by Mohammed Rafi Shariq , Service Delivery Consultant , hewlett-packard(hp)

Just with a certificate you cannot be a sucessfull project manager. Its about how you are able to implement what you have learnt through certifications and more of experience. 

PMP,Prince2,Six Sigma etc will teach you how to track and keep control on the project you are implementing. PMP, Prince2 ,Six Sigma are all effective certificates and will help you understand how you can implement the project. Project management can be done in your own ways its all about how much you are involved in it and how are you tracking it.

And remember by using PMP and PRINCE2 together you are taking advantage of the two most respected project management approaches in the world.

Te be in General the biggest difference I found is the role of project management. In PMP the PM is responsible for the result of a project. If something goes wrong - blame the PM. If the project is behind the schedule or overruns its budget - blame the PM. That's the fundamental rule of PMBOK. (and I totally agree with it).

In PRINCE2 the PM is a middleman between the project and its control board. If something goes wrong the PM has to raise the problem to the board (upper management). Then they make a decision and return it back to PM for execution.

In any case I would recommend to pass them both for your portfolio and your self-education.

 

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