Your small business does the work right. But should it perform right work? Being a portfolio manager, your role is essential to ensuring that the answer is “Yes.”
Formal portfolio management is regarded as the efficient way to try strategic initiatives because it bridges the visible difference between strategy and implementation. Organizations that are great at portfolio management had 62 percent of items 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 work to deliver the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency in the coordinated management of a number of portfolios to attain strategic objectives. Organizations with mature project portfolio management practices complete 35 percent much more of their programs successfully. They fail less often and waste less of your budget 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 operating a portfolio of projects and programs aligned with organizational strategy and focused on doing the correct work, then a PfMP may be the right choice for you.
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 4 hours to perform it.
? To take care of your PfMP, you need 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 use a at least 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 even the global equivalent)
? 6,000 hours of portfolio management experience
PfMP Exam Guidance
To earn your PfMP credential, you need to fulfill the experience requirements and pass the two panel review and PfMP examination, a 170-question, multiple-choice test.
Regardless how advanced your portfolio management experience might be, you must still prepare vigorously to the exam. Often the use of multiple study aids - including courses, self-study and look groups - have already been beneficial. Normally it takes several hours to prepare, so be sure you leave yourself lots of preparation time before you take the exam.
Suggestions to Plan for the PfMP Exam
? Review the PfMP handbook .
? Use the PfMP Exam Content Outline to help your study.
? Review The Standard for Portfolio Management - Third Edition.
? Refer towards the PfMP Examination Reference List to guide your study.
? Enroll in the formal study course offered by PMI chapters or accredited Registered Education Providers (R.E.P.s). You can even review self-study books published by R.E.P.s along with other reputable training organizations.
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