Your small business does the work right. But can it carry out the right work? Being a portfolio manager, your role is important to making sure how the fact is “Yes.”
Formal portfolio management is easily the most efficient to implement strategic initiatives since it bridges the visible difference between strategy and implementation. Organizations which are great at portfolio management had 62 percent of items meet or exceed expected ROI according to our 2012 Pulse of this marketplace research. Portfolio managers align projects, programs and operations with strategic objectives, investing resources in the right attempt to provide the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency within the coordinated management of one or more portfolios to achieve strategic objectives. Organizations with mature project portfolio management practices complete 35 % really their programs successfully. They fail more infrequently and waste less of your budget based on our 2015 thought leadership report, Delivering on Strategy: The effectiveness of Project Portfolio Management.
Who Should Apply?
If you’re an executive or senior-level practitioner operating a portfolio of projects and programs aligned with organizational strategy and centered on doing the proper work, then a PfMP is the solution you're looking for.
Study Guide for Portfolio Management Professional (PfMP) Certification
Gain and keep Your PfMP
? First phase of evaluation is panel review
? The certification exam has 170 multiple-choice questions and you've got four hours to complete 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 possess a a minimum of eight a lot of professional business experience AND
? Secondary degree (secondary 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 need to satisfy the experience requirements and pass the panel review and PfMP examination, a 170-question, multiple-choice test.
However advanced your portfolio management experience could possibly be, you must still prepare vigorously to the exam. Most of the usage of multiple study aids - including courses, self-study and focus groups - are already beneficial. It will take much time to get ready, so ensure you leave yourself a lot of preparation time prior to taking test.
Ideas to Get ready for the PfMP Exam
? Review the PfMP handbook .
? Use the PfMP Exam Content Outline to compliment your study.
? Review The conventional for Portfolio Management - Third Edition.
? Refer to the PfMP Examination Reference List to compliment your study.
? Enroll in a formal study course provided by PMI chapters or accredited Registered Education Providers (R.E.P.s). You may also review self-study books provided by R.E.P.s along with other reputable training organizations.
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