Portfolio Management Professional (PfMP)
Your organization will the work right. But can it perform right work? Like a portfolio manager, your role is essential to making sure that the answer is “Yes.”
Formal portfolio management is the most efficient to apply strategic initiatives as it bridges the gap between strategy and implementation. Organizations that are efficient at portfolio management had 62 percent of products meet or exceed expected ROI as outlined by our 2012 Pulse of the marketplace research. Portfolio managers align projects, programs and processes with strategic objectives, investing resources from the right work to provide you with the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency within the coordinated management of a number of portfolios to achieve strategic objectives. Organizations with mature project portfolio management practices complete 35 % a greater portion of their programs successfully. They fail less often and waste less overall based on our 2015 thought leadership report, Delivering on Strategy: The Power of Project Portfolio Management.
Who Should Apply?
If you’re an executive or senior-level practitioner owning a portfolio of projects and programs aligned with organizational strategy and devoted to doing the proper work, then the PfMP could be the right choice for you. 
Study Guide for Portfolio Management Professional (PfMP) Certification
? https://processmanagement.wixsite.com/projectmanagement/post/study-guide-for-portfolio-management-professional-pfmp-certification
Gain and keep Your PfMP
? First phase of evaluation is panel review
? The certification exam has 170 multiple-choice questions and you have four hours to perform it.
? To take care of your PfMP, you need to earn 60 professional development units (PDUs) in portfolio management topics every 3 years.
PfMP Exam Price
? Member: US$800.00
? Non-member: US$1,000.00
Prerequisites for PfMP Exam
? All applicants must have a very a minimum of eight numerous years of professional business experience AND
? Secondary degree (secondary school diploma, associate’s degree or global equivalent)
? 10,500 hours of portfolio management experience
OR
? Four-year degree (bachelor’s degree or global equivalent)
? 6,000 hours of portfolio management experience
PfMP Exam Guidance
To earn your PfMP credential, you need to match the experience requirements and pass both the panel review and PfMP examination, a 170-question, multiple-choice test.
However advanced your portfolio management experience might be, you must still prepare vigorously to the exam. Typically the usage of multiple study aids - including courses, self-study and focus groups - have already been beneficial. Normally it takes several hours to prepare, so make sure you leave yourself lots of preparation time before you take test.
Tricks to Plan the PfMP Exam
? Review the PfMP handbook .
? Use the PfMP Exam Content Outline to steer your study.
? Review The Standard for Portfolio Management - Third Edition.
? Refer for the PfMP Examination Reference List to compliment your study.
? Enroll in the formal training provided by PMI chapters or accredited Registered Education Providers (R.E.P.s). It's also possible to review self-study books provided by R.E.P.s along with other reputable training organizations.
? https://pfmp-success-story.blogspot.com/2018/03/how-to-pass-pmi-portfolio-management.html
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