Portfolio Management Professional (PfMP)Your small business will the work right. But does it perform the right work? As being a portfolio manager, your role is important to ensuring that this solution is “Yes.”
Formal portfolio management is the most efficient to employ strategic initiatives because it bridges the gap between strategy and implementation. Organizations which might be efficient at portfolio management had 62 percent of products meet or exceed expected ROI based on our 2012 Pulse of the marketplace research. Portfolio managers align projects, programs and processes with strategic objectives, investing resources within the right attempt to deliver the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency within the coordinated management of several portfolios to achieve strategic objectives. Organizations with mature project portfolio management practices complete 35 % a greater portion of their programs successfully. They fail more infrequently and waste less of your budget as outlined by our 2015 thought leadership report, Delivering on Strategy: The potency of Project Portfolio Management.
Who Should Apply?
If you’re a professional or senior-level practitioner owning a portfolio of projects and programs aligned with organizational strategy and dedicated to doing the proper work, then your PfMP will 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 plus you've got four hours to finish it.
? To maintain your PfMP, you should earn 60 professional development units (PDUs) in portfolio management topics every 36 months.
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 (senior 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 should satisfy the experience requirements and pass both the panel review and PfMP examination, a 170-question, multiple-choice test.
Regardless how advanced your portfolio management experience could be, you should still prepare vigorously for that exam. Typically the usage of multiple study aids - including courses, self-study and look at groups - have been beneficial. Normally it takes many hours to organize, so ensure you leave yourself a good amount of preparation time prior to taking the test.
Tips to Plan for the PfMP Exam
? Review the PfMP handbook .
? Use the PfMP Exam Content Outline to steer your study.
? Review The typical for Portfolio Management - Third Edition.
? Refer towards the PfMP Examination Reference List to compliment your study.
? Enroll in a formal study course made available from PMI chapters or accredited Registered Education Providers (R.E.P.s). It's also possible to review self-study books created by R.E.P.s as well as other reputable training organizations.
Check out about PfMP Application Sample go to this popular resource.