PRINCE2 - Worth it?

[HannsG]

Hi guys....

CIMA qualified and Currently work in IB.

Have held mainly financial roles and currently business partnering. I am deciding whether to do PRINCE2.

Was thinking it could compliment my CIMA and if I wanted to contract in the future and it would help bolster the CV.

Some people say its worth nowt. Others are like do it to add another string to my bow....

Also. Would not mind a bit of further study......

Any opinions?

Cheers

Edited by HannsG on Thursday 18th April 19:30

[Dr Jekyll]

It can certainly help to have it on your CV, though it won't really teach you anything about project management. And after doing CIMA a Prince2 course is a rest cure.

[anonymous-user]

Whar sort of industry, I am CIMA qualified 30 years in Project Mangement, Oil and Gas, and for me Prince would be a complet wast of time, if you are into Oil and Gas or Construction much better to do the Associate exam for the Institute of Arbitrators as a supplement to CIMA.

[HannsG]

Berw said:

Whar sort of industry, I am CIMA qualified 30 years in Project Mangement, Oil and Gas, and for me Prince would be a complet wast of time, if you are into Oil and Gas or Construction much better to do the Associate exam for the Institute of Arbitrators as a supplement to CIMA.

I am in financial services at the moment. A tier 1 investment bank.

[boobles]

It certainly hasn't helped anyone at our place who did this last year!






I don't blame the course though, I blame the numties that did it

[HannsG]

boobles said:

It certainly hasn't helped anyone at our place who did this last year!






I don't blame the course though, I blame the numties that did it

Ive also been asked if I want to do six sigma yellow belt...

Need to do some research on that.

[lestag]

All it will give you is more potential to get through the first cut of CVs when someone is looking for an employee

[HannsG]

boobles said:

It certainly hasn't helped anyone at our place who did this last year!






I don't blame the course though, I blame the numties that did it

Ive also been asked if I want to do six sigma yellow belt...

Need to do some research on that.

[anonymous-user]

I am foundation and practitioner PRINCE2 qualified but haven't yet worked anywhere that has used PRINCE2 properly, but its a great gateway qualification, with some sectors you need it to get through the door and in that case its well worth it.

[ATG]

Unless the project was a mahoosive reengineering exercise, I'd be a bit surprised if Prince 2 would add much value in an IB. IB's are a bit like lots of fairly small simple businesses running side by side. Unless you're going to change a lot of them significantly and simultaneously do you really need all the project bloat? Do you want waterfall? Might be worth talking to someone in your project office. At least they'd be able to tell you what your current shop favours.

[casbar]

Its a good qualification to have on your CV. I've been in several companies that look for Prince2 on CV's even though they don't really follow it, but a lot follow a basic PM methodology, with bits of Prince2

[Podie]

P2 has become a standard. If you're a PM you need it on your CV.

It's merely a toolset, so "not using it properly" shows you do not understand it correctly. In fact, in the latest incarnation it even states that following P2 to the letter will result in a failed project.

[HannsG]

Podie said:

P2 has become a standard. If you're a PM you need it on your CV.

It's merely a toolset, so "not using it properly" shows you do not understand it correctly. In fact, in the latest incarnation it even states that following P2 to the letter will result in a failed project.

Cheers. I decided to sign up for it today..

Back to studying!

[sideways sid]

If you already have other qualifications (CIMA), and unless you're expecting to specialise as a Project Manager exclusively I'm not sure PRINCE2 will add much to your marketability.

Its mostly common sense in terms of practical application within a project environment and you can pick up most of what you'll need from a couple of hours googling and wikipedia. It may be better to study for something more useful/valuable. CFA?

[SeanyD]

Prince2 qualified here. As already said, good on your cv and can get you in the door. For me, its useful to understand it and keep it in mind, however I've rarely found a real-world use for it mainly due to the added overheads.