The Winding Road to PMI PgMP Certification

PgMP Certification: What Is It?

Program Management Professional (PgMP) exam certification is one of the certificates that you can find in the PMI’s record of other certifications such as Project Management Professional (PMP), Portfolio Management Professional (PfMP), Certified Associate in Project Management (CAPM), and with others. PgMP is one of the certificates that help rotates one’s career towards becoming a program manager.

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Once the aspirants pass the exam and obtain the certificate, that doesn’t automatically make them program managers. There are still some provisions to fulfill and review to undergo before becoming a full-fledged certified program manager.

Program management is the process of managing any related projects, often intending to improve the organization’s performance. The program manager has an overview of the design and status of the projects in a program and can use this information to support project-level activity, to securing the program goals that are met through proper decision-making.

A Program Management Professional (PgMP) resources have the required knowledge to ensure the ultimate success of the program, which helps the organization to meet it is strategic goals.

This is one of the many credentials as developed by the PMI which addresses the community of professionals who manage Programs who are also showing their experience, skill, and performance in managing multiple, related projects that are aligned with Organizational Objectives.

Who Should Take PgMP Certification?

If you have the demonstrated ability to manage multiple, related projects and navigate complicated activities that span functions, organizations, regions or practices and to follow results with organizational goals, then you are a potential PgMP.

What Is the Eligibility Criteria?

Secondary degree from high school diploma, associate’s degree or the global equivalent:
  • 6,000 hours of project management experience
  • 10,500 hours of program management experience
Four-year Degree:
  • 6,000 hours of project management experience
  • 6,000 hours of program management experience
Target Audience:
  • Program managers, Project managers, Senior Managers
  • VPS/ PMO consultants

Benefits of PgMP certification

Having a PgMP certification means candidates will stand out from the rest of the job applicants and get the attention of the employer.

Being a certified program manager also suggests that you have excellent ability and knowledge to lead and manage programs as well as performance that provides to the organization as a whole. By obtaining this certification, you have the chance to lead or manage high-level programs and projects and even come up with plans for businesses.

PgMP accreditation is not just benefited in the cover of an aspiring program manager. It is a value that is attached to them, as well as identity and responsibility.

Why PgMP Certification?

For certified program manager professionals, it opens different opportunities for scaling up on the professional ladder. With the credibility of PMI and the experience, one will come very handy. As a program manager, your leadership will help obtain multiple benefits for your organization.

You would be managing various, related projects in a coordinated way, achieving advantages that will not happen if the plans were handled separately.

Format of PgMP Exam

The PgMP exam’s duration is four hours, and it consists of 170 multiple choice questions, with only 150 estimated to be live questions; this means that the rest of are seeded or planted.

You still need to complete all these questions since you won’t identify which are the live questions and which ones are planted.

The PgMP exam is straight, and you want to gain at least a score of 65% to pass.

What Is PgMP Certification If You Don’t Have a Well-Prepared Plan?

Now that you have the answers to that what PgMP certification inquiries are, it’s time to prepare your elements and of course, yourself.

As mentioned, PgMP is the most daunting process of certification since it involves a sophisticated type of responsibility once the aspirant becomes a program manager. The PgMP certification is not the end of the road, once the person has been officially certified, he or she still needs to get credits from doing voluntary work or program consultations in various companies.

As for exam preparation, there are a lot of resources or applications that will help your preparation for the PgMP certification exam such as simulators, reading resources, and even tips and advice from program management’s forums. You can also serve seminars, workshops, or coaching sessions if you want to have that classroom vibe or interaction with the experts.

Apply for the PgMP exam

Look for the Prometric Testing Centers near your area and schedule your selected exam date. It needs weeks for Prometric to book you an exam date, so it is recommended that you reserved earlier. Don’t forget that you need to get an authorization letter from the PMI containing a code to assist with your schedule.

Retake the PgMP Exam

You can take the PgMP exam up to three times within a year from beginning your authorization letter. However, you require additional fees for the retake, which costs $500 for PMI members and $600 for non-members.

The Skills Assessed in the PgMP Exam

There is a total of thirty-five objectives described in the PgMP exam, which are split into six subject groups of programs.

The following skills and knowledge that are covered during the examination are:
  • Outline
  • Initiation
  • Planning
  • Implementation
  • Controlling or monitoring
  • Closing

Is It Worth It?

If you are still a little threatened by the concept of the PgMP certification, keep in thought that knowledge and skills of program management are your best friends on this journey. If you require to have an edge on your resume or you are ready to take on high-level responsibilities with a request, then the PgMP certification is your best bet to do such things.

PfMP Certification: Things to Know Before You Become a Portfolio Manager

What Is Portfolio Management?

Portfolio management is the art and science of making decisions about investment mix and policy, balancing investments to objectives, asset allocation for people and institutions, and balancing risk against performance.
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Portfolio management is all about learning strengths, weaknesses, opportunities, and threats in the choice of debt vs. equity, growth vs. safety, domestic vs. international, and many other trade-offs found in the effort to maximize return at a given appetite for risk.

Who is a Portfolio Manager?

An individual who knows the client's financial requirements and designs a proper investment plan as per his income and risk-taking abilities are called a portfolio manager. A portfolio manager is one who invests on behalf of the client.

A portfolio manager advises the clients and tells him the best potential investment plan which would guarantee maximum returns to the individual.

A portfolio manager must know the client's financial goals and objectives and offer a tailor-made investment solution to him. No two clients can have the same business requirements.

Need for Portfolio Management

Portfolio management presents the best investment plan to the individuals as per their income, funds, age, and ability to tackle risks.

Portfolio management reduces the risks associated with investing and also increases the chance of making profits.

Portfolio managers know the client's financial needs and suggest the best and many investment policies for them with minimum risks involved.

Portfolio management enables the portfolio managers to implement customized investment solutions to clients as per their demands and requirements.

What is the PfMP Certification?

PfMP Certification is one of the most successful PMI certifications that are in demand in any industry right now. And it is not easy to get one. Your best weapon as of this moment is to prepare for both the qualification process and the exam.

The PfMP certification is perfect for executive or senior practitioners managing project and program portfolios that are arranged with the strategy of the organization.

Prerequisites for PfMP Certification

The requirements include in the last eight years of business experience. Educational attainment range from a high school diploma to an associate's or bachelor's degree.

The high school diploma must include 10,500 hours of PfMP experience and 6,000 hours for bachelor graduates.

A panel will review you first before moving to the PfMP exam; they will evaluate your professional experiences and skills and will determine if you are legible for the PfMP certification exam.

This also let the panel know the key points and criteria for exam eligibility.

Attend Portfolio Management Professional (PfMP) exam preparation course and be on your way to sit and pass the PfMP certification exam from PMI. The PfMP certificate implies your advanced competency in the coordinated management of one or more portfolios to achieve strategic objectives.

As a PfMP, you will be approved for your pivotal role in the realization of strategy and recognized as an authority who can enhance portfolio management maturity at your organization.

Formal portfolio management is the most efficient way to implement strategic initiatives because it bridges the gap between strategy and implementation.

By attending this PfMP Certification, you will be provided with the knowledge and skills to effectively navigate the portfolio management discipline, including all domains, concepts, processes, and tasks of The Standard for Portfolio Management 3rd Edition.

Align your portfolio management experience with PfMP specification as well as know the steps required to complete your exam application and reach the required criteria.

All members will be supplied with customized course materials including a certified copy of PMI's Standard for Portfolio Management 3rd Edition, and sample questions and answers that will build your faith and raise your possibilities of passing the PfMP exam on your first attempt.

PMI PfMP Exam Summary

Exam NamePortfolio Management Professional
Exam CodePfMP
Exam Fee MemberUSD $800
Exam Fee Non-memberUSD $1,000
Exam Duration240 Minutes
Number of Questions170
Passing ScoreAbove Target / Target / Below Target / Needs Improvement
FormatMultiple Choice Questions

PMI Portfolio Management Syllabus Topics

  1. Strategic Alignment (25%)
  2. Governance (20%)
  3. Portfolio Performance (25%)
  4. Portfolio Risk Management (15%)
  5. Communications Management (15%)

Key Takeaways

Portfolio management is the act of building and maintaining an appropriate investment mix for given risk tolerance.

The critical factors for any portfolio management strategy involve asset allocation, diversification, and rebalancing rules.

Active portfolio management aims to 'beat the market' through identifying undervalued assets, often through short-term trades and market timing.

Passive portfolio management seeks to replicate the broader market while keeping costs and fees to a minimum.

The PfMP Certification Preparation Process

There are various resources to study and prepare for the PfMP certification exam, as well as training or seminars for further education and knowledge. You can consult PfMP certified individuals who are earning their way to the senior or managerial ladder.

Just like the rest of the PMI-based certifications, PfMP certification focuses on candidates who need to perform regular analysis and management of portfolio aspects to determine the risks, issues, and room for improvement. It may be a long and valuable process, but keep in mind that it is an investment that will aid you towards your career in the long run.

Read: Top 8 Benefits of PfMP Certification

Suggestion to PfMP Aspirants

  • Prepare your notes, if possible audio notes to use your travel time effectively.
  • Keep Questions and Answers handy in both mobile and hardcopy, this boost the possibilities of taking more questions.
  • Take at least 4 hours full length 1 to 2 full practice tests before the exam.
  • Please arrive at Prometric for 1 hour before the exam.
  • Prepare yourselves better, as you cannot spend time for bio-break or food in between 4 hours
  • At least three times of PfMP standard walkthrough is better.
  • This will assist you in cracking stakeholder, communication, cost, Risk management topics in the PfMP exam.
  • Don't hesitate to Speak with your mentor or forum friends when you feel tired before the exam, and this will help you get aligned with your goal.
  • Have a pocket note to capture the doubt areas when you think of PgMP during the day and organize the same.
  • During the exam, Calm, firm, and center yourselves. Be decided not to pay attention to emotions, work one topic at a time with full responsibility.
  • Target not to mark more than 15 questions for the next review during the exam. Usually, you won't have time for answering questions.
  • You rarely get straight forward questions on Artefacts and Input tools and techniques.
  • Most of the items are scenario-based, and therefore, we need to develop the understanding to edge out the noise in the issues and answer options.
  • More questions we attend before the PfMP exam, we will get better provided to map the question part and answer option part to standard.
  • Senior management discussions in every form will be helpful.
  • Paying attention to this will aid you to choose an answer from a strategic perspective and not just tactical solutions expected from PMP.
I wish you Good Luck to all...!!!