Portfolio Management Professional (PfMP)
Your company will the work right. But can it do the right work? As being a portfolio manager, your role is essential to ensuring that the solution is “Yes.”
Formal portfolio management is regarded as the efficient way 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 this marketplace research. Portfolio managers align projects, programs and operations with strategic objectives, investing resources in the right work to deliver the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency inside the coordinated treating several portfolios to realize strategic objectives. Organizations with mature project portfolio management practices complete 35 percent a greater portion of their programs successfully. They fail more infrequently and waste less of your budget in accordance with 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 building a portfolio of projects and programs aligned with organizational strategy and devoted to doing the right work, then this PfMP could be the answer you're looking for.
Study Guide for Portfolio Management Professional (PfMP) Certification
? https://processmanagement.wixsite.com/projectmanagement/post/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 along with four hours to finish it.
? To keep your PfMP, you have 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 possess a the least eight many years of professional business experience AND
? Secondary degree (senior high school diploma, associate’s degree or global equivalent)
? 10,500 hours of portfolio management experience
OR
? Four-year degree (bachelor’s degree or even the 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 the panel review and PfMP examination, a 170-question, multiple-choice test.
It doesn't matter how advanced your portfolio management experience might be, you need to still prepare vigorously for the exam. Often the use of multiple study aids - including courses, self-study and focus groups - happen to be beneficial. Usually it takes much time to organize, so make sure you leave yourself a good amount of preparation time before you take the test.
Ideas to Prepare for the PfMP Exam
? Review the PfMP handbook .
? Use the PfMP Exam Content Outline to compliment your study.
? Review The typical for Portfolio Management - Third Edition.
? Refer on the PfMP Examination Reference List to steer your study.
? Enroll in the formal training provided by PMI chapters or accredited Registered Education Providers (R.E.P.s). You can even review self-study books provided by R.E.P.s and also other reputable training organizations.
? https://pfmp-success-story.blogspot.com/2018/03/how-to-pass-pmi-portfolio-management.html
Check out about PfMP Exam internet page: click for more info.