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Portfolio Management Professional (PfMP)® Certification Training

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Portfolio Management Professional (PfMP)® Certification Training

Overview

About the PfMP Certification

The Portfolio Management Professional (PfMP) signifies your advanced competency in the coordinated management of one or more portfolios to achieve strategic objectives.

The PfMP certification recognizes advanced experience, skill and performance necessary to manage and align a portfolio of projects and programs to realize organizational strategy and objectives.

PfMP certification holders oversee the success of one or more portfolios, balance conflicting demands between programs and projects, and allocate resources based on organizational priorities and capacity.

As portfolio management continues to grow and organizations adopt it to achieve strategic objectives, it becomes more important to have individuals competent in this area of practice. As employers demand portfolio managers who can support the strategic objectives of the organization, PfMP certification holders will gain a distinct advantage in employment and promotional opportunities over their peers.

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The Value of PfMP Certification

Your organization does the work right. But does it do the right work? As a portfolio manager, your role is essential to ensuring that the answer is “Yes.”

Formal portfolio management is the most effective way to implement strategic initiatives because it bridges the gap between strategy and implementation. Organizations that are effective in portfolio management had 62 percent of products meet or exceed expected ROI according to our 2012 Pulse of the Profession® research. Portfolio managers align projects, programs and operations with strategic objectives, investing resources in the right work to deliver the expected value.

Organizations with mature project portfolio management practices complete 35 percent more of their programs successfully. They fail less often and waste less money according to 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 managing a portfolio of projects and programs aligned with organizational strategy and focused on doing the right work, then the PfMP is the right choice for you.

Gain and Maintain Your PfMP

  • First phase of evaluation is panel review
  • The certification exam has 170 multiple-choice questions and you have four hours to complete it.
  • To maintain your PfMP, you must earn 60 professional development units (PDUs) in portfolio management topics every three years.

Prerequisites

  • All applicants must possess a minimum of 96 months of professional business experience within the last 15 years AND
  • Secondary degree (high school diploma, associate’s degree or the global equivalent)
  • 84 months of portfolio management experience

                                                                                                               OR

  • All applicants must possess a minimum of 96 months of professional business experience within the last 15 years AND
  • Four-year degree (bachelor’s degree or the global equivalent)
  • 48 months of portfolio management experience

PfMP Certifying Process Overview

You must pass a sequence of evaluations to obtain the PfMP certification. This process takes approximately 60 days to complete.

  • Evaluation 1—Panel Review: The initial evaluation occurs through an extensive application review during which a panel of portfolio managers will assess your professional experience based on your responses to the Portfolio Management Experience Summaries provided on the application.
  • Evaluation 2—Multiple-Choice Examination: The next step occurs with the multiple-choice examination in which you will be called upon to demonstrate your competence in both situational and scenario-based questions.
DomainPercentage of Items on Exam
01Strategic Alignment25%
02Governance20%
03Portfolio Performance25%
04Portfolio Risk Management15%
05Communications Management15%
Next Cohort Starts

Saturday of Every Weekend New Class Begin

Program Duration
Training Method

Online Instructor led

Learning Option

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Eligibility

PMP certification is an essential professional requirement for senior project manager roles W across all industries. The eligibility requirements for PMP certification are:

Education

Nongraduates

Project Management Experience

5 years/7500 hours

Project Management Education

35 hours

Graduates

Project Management Experience

3 years/4500 hours

Project Management Education

35 hours

Course Fee

We strive to make our programs accessible. We aim to help budget for this program and offer a variety of financing options to make it more economical.
Free

Related Courses

  1. PMP: Project Management Professional
  2. CAPM: Certified Associate in Project Management
  3. PMI-PgMP: Program Management Professional
  4. PMI-PfMP: Portfolio Management Professional
  5. PMI-PBA: Professional in Business Analysis
  6. PMI-RMP: Risk Management Professional
  7. PMI-ACP: Agile Certified Practitioner
  8. PMI-SP: Scheduling Professional
  9. PMI-DA: Disciplined Agile
  10. PMI-CP: Construction Professional
  11. PMI-OT: Organizational Transformation.

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