Portfolio Management Professional (PfMP)
Your organization does the work right. But does it perform right work? As being a portfolio manager, your role is essential to making sure that this response is “Yes.”
Formal portfolio management is the most effective way to employ strategic initiatives because it bridges the visible difference between strategy and implementation. Organizations which might be good at portfolio management had 62 percent of items meet or exceed expected ROI according to our 2012 Pulse of the marketplace research. Portfolio managers align projects, programs and operations with strategic objectives, investing resources from the right make an effort to deliver the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency within the coordinated treatments for several portfolios to achieve 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 overall in accordance with our 2015 thought leadership report, Delivering on Strategy: The potency of Project Portfolio Management.
Who Should Apply?
If you’re an executive or senior-level practitioner managing a portfolio of projects and programs aligned with organizational strategy and dedicated to doing the correct work, then your 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 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 maintain your PfMP, you must earn 60 professional development units (PDUs) in portfolio management topics every several 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 (high school graduation diploma, associate’s degree or global equivalent)
? 10,500 hours of portfolio management experience
OR
? 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'll want to fulfill 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 possibly be, you need to still prepare vigorously for the exam. Typically the using multiple study aids - including courses, self-study and study groups - have been beneficial. Normally it takes several hours to get ready, so be sure to leave yourself a good amount of preparation time prior to taking the test.
Tips to Prepare for the PfMP Exam
? Review the PfMP handbook .
? Use the PfMP Exam Content Outline to help your study.
? Review The conventional for Portfolio Management - Third Edition.
? Refer on the PfMP Examination Reference List to help your study.
? Enroll inside a formal study course provided by 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.
? https://pfmp-success-story.blogspot.com/2018/03/how-to-pass-pmi-portfolio-management.html
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