PMP vs PRINCE2- why one rather than the other?

Many ways to evaluate it. What is more in demand in your country and field?

PRINCE2 is UK base, many countries where the UK has a bigger influence the USA are more aligned on that certification.

PRINCE2 cover some more in governance

Do both if you can!

Ajifowoke -

It really depends on the purpose for seeking a certification. If it is to get hired, I'd suggest looking at the job postings or profiles for PM roles to see what they are asking for. If the organization has based their PM method on PRINCE2, that would likely be more apropos, but otherwise I'd give the PMP a higher emphasis.

Kiron

Hi Ajifowoke,

I would say that PMBoK generally is a more complete Project Management theory that Prince2.
The PMBoK includes discussion that Prince2 has not be strong in, such as Stakeholder Management and Procurement. It is largely theory based so can be more difficult to conceptualise for some, and more effort to adopt as a first time Project Manager.
Prince2 is designed to be a tailor-able system of delivering Project Management, and so is practical at a level the PMP is not. It gives explicit ways of undertaking a project that are more easily adopted from the training, as there are many template documents freely available that follow Prince2.
I agree that if you can do both you will be a better project manager for it. You should definitely look at the industry/career path you want and see which best fits your employer/industry profile. If you still can't decide after that investigation, I would frame it this way:
If you are new to project management, I suggest Prince2 to start and then the PMP and the PMI cannon of certificates as ongoing professional development. You will start with what is immediately practical and have a wealth of room to grow with PMI.
If you have run several projects before and have a few general ways of working that you've adopted, or if you're already working for an organisation with a structured PM Framework (Prince 2 or otherwise) go with PMP. You will have enough skills already to start adopting the theory, and support in the organisation to apply it directly.
I obtained my Prince2 in the UK some time ago, and many organisations I have worked in used and valued Prince2. It was easy to apply quickly. However, PMI has been so much more useful for me long term. I do not have a PMP, but it's guides are indispensable for me at all levels from Portfolio and Programme Management to Project Management. So a PMI subscription is a Project Management must-have for me. Hope that helps.

I am a certified Prince2 Practitioner since 2016 and now I am preparing to sit for my PMP exam next month. If you can do both that would be good. You get best of both World. Prince2 is more on governance, governments set-up, State Entities like environment whereas PMP I see it's all-rounded fits anywhere..

PMBok contains KAs that you have to absorb and know how to apply to become professional. PMBok contains general knowledge and not like any specific practice you can not follow it step-by-step, depend on particular context, you have to define proper process and apply knowledge by yourself. PRINCE2 is a specific project management methodology that you can follow it step-by-step (you need to tailor it a little bit for your environment). In my point of view, PRINCE2 will be very usefull for new PM because it help to understand how to do project.