Portfolio Management Professional (PfMP)
Your business will the work right. But does it do the right work? As being a portfolio manager, your role is essential to making sure the fact is “Yes.”
Formal portfolio management is easily the most productive way to apply strategic initiatives given it bridges the gap between strategy and implementation. Organizations which might be effective in portfolio management had 62 percent of products meet or exceed expected ROI as outlined by our 2012 Pulse of the Profession research. Portfolio managers align projects, programs and processes with strategic objectives, investing resources inside the right make an effort to provide you with the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency inside the coordinated treatments for a number of portfolios to accomplish strategic objectives. Organizations with mature project portfolio management practices complete 35 percent really their programs successfully. They fail less often and waste less overall as outlined by our 2015 thought leadership report, Delivering on Strategy: The effectiveness of Project Portfolio Management.
Who Should Apply?
If you’re a professional or senior-level practitioner building a portfolio of projects and programs aligned with organizational strategy and focused on doing the correct work, then your PfMP could be the solution you're looking for.
Study Guide for Portfolio Management Professional (PfMP) Certification
Gain and Maintain Your PfMP
? First phase of evaluation is panel review
? The certification exam has 170 multiple-choice questions and you have 4 hours to accomplish it.
? To maintain your PfMP, you have to earn 60 professional development units (PDUs) in portfolio management topics every three years.
PfMP Exam Price
? Member: US$800.00
? Non-member: US$1,000.00
Prerequisites for PfMP Exam
? All applicants must have a very minimum of eight numerous years of professional business experience AND
? Secondary degree (high school graduation diploma, associate’s degree or global equivalent)
? 10,500 hours of portfolio management experience
? Four-year degree (bachelor’s degree or the global equivalent)
? 6,000 hours of portfolio management experience
PfMP Exam Guidance
To earn your PfMP credential, you need to meet the experience requirements and pass both panel review and PfMP examination, a 170-question, multiple-choice test.
It doesn't matter how advanced your portfolio management experience could be, you should still prepare vigorously for your exam. Typically the utilization of multiple study aids - including courses, self-study and focus groups - happen to be beneficial. It can take several hours to arrange, so be sure to leave yourself a good amount of preparation time prior to taking the test.
Tricks to Prepare for the PfMP Exam
? Review the PfMP handbook .
? Use the PfMP Exam Content Outline to help your study.
? Review The typical for Portfolio Management - Third Edition.
? Refer for the PfMP Examination Reference List to compliment your study.
? Enroll in a formal study course available from PMI chapters or accredited Registered Education Providers (R.E.P.s). You can even review self-study books authored by R.E.P.s as well as other reputable training organizations.
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