Portfolio Management Professional (PfMP)Your small business does the work right. But does it do the right work? Like a portfolio manager, your role is crucial to making sure that this response is “Yes.”
Formal portfolio management is regarded as the effective way to try strategic initiatives as it bridges the visible difference between strategy and implementation. Organizations which might be effective in portfolio management had 62 percent of merchandise meet or exceed expected ROI as outlined by our 2012 Pulse of this marketplace research. Portfolio managers align projects, programs and processes with strategic objectives, investing resources in the right work to deliver the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency from the coordinated treating a number of portfolios to attain strategic objectives. Organizations with mature project portfolio management practices complete 35 percent a greater portion of their programs successfully. They fail less often and waste less cash in accordance with our 2015 thought leadership report, Delivering on Strategy: The Power of Project Portfolio Management.
Who Should Apply?
If you’re a professional or senior-level practitioner operating a portfolio of projects and programs aligned with organizational strategy and dedicated to doing the right work, then this PfMP may be the answer you're looking for.
Study Guide for Portfolio Management Professional (PfMP) Certification
Gain and look after Your PfMP
? First phase of evaluation is panel review
? The certification exam has 170 multiple-choice questions and you've got 4 hours to complete it.
? To keep 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 the least eight numerous years of professional business experience AND
? Secondary degree (high school diploma, associate’s degree or global equivalent)
? 10,500 hours of portfolio management experience
? 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 have to meet the experience requirements and pass both the panel review and PfMP examination, a 170-question, multiple-choice test.
It doesn't matter how advanced your portfolio management experience could possibly be, you ought to still prepare vigorously for your exam. Usually the utilization of multiple study aids - including courses, self-study and focus groups - happen to be beneficial. Usually it takes much time to get ready, so be sure you leave yourself a lot of preparation time before test.
Tricks to Plan for 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 on the PfMP Examination Reference List to steer your study.
? Enroll inside a formal training available from PMI chapters or accredited Registered Education Providers (R.E.P.s). It's also possible to review self-study books authored by R.E.P.s as well as other reputable training organizations.
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