Utpal Writes          On Project Management, Leadership, Technology and Self-Help

1. PMBOK is US standard and is accepted worldwide while PRINCE2 is UK standard.
2. PMBOK is all-embracing while PRINCE2 focuses on key risk areas only and does not claim to be absolute.
3. PMBOK is largely descriptive and not very dictatorial while PRINCE2 is highly regulatory, especially on Process Structure, but adaptable to any size project.
4. PMBOK offers core and facilitating processes; need to be scaled to the project needs while in PRINCE2all the processes needs to be considered which can also be scaled.
5. PMBOK is driven by customer requests while chief drivers of PRINCE2 are Business cases.
6. PMBOK: Sponsors, Stakeholders, Scope, Time and Cost. PRINCE2: Clear Project Ownership, Direction by Senior Management, Plans, Business Case.
7. PMBOK offers Procurement which is not covered in PRINCE2.
8. Processes:
   1. PMBOK: Initiating PRINCE2: Starting up, Directing (Project Level) and  Managing Stage Boundaries, Directing (Stage Level)
   2. PMBOK: Planning PRINCE2: Initiating, Planning (Project Level) and  Managing Stage Boundaries, Planning (Stage Level)
   3. PMBOK: Executing/Controlling PRINCE2: Controlling a Stage; Managing Product Delivery; Directing (Stage Level)
   4. PMBOK: Closing PRINCE2: Closing a Project (Project Level) and Managing Stage Boundaries (Stage Level)

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See Also:

1. Basics of Projects In Controlled Environments Using PRINCE2
2. Thinking Patterns of Project Teams
3. Project Management Is 7
4. Project Management Isn’t 7
5. Attributes of Agile Project Management
6. Six Sigma Project Management Using DMAIC
7. Twenty One Project Management Tips On How To Get Co-operation of Senior Management