Obtaining the PMI PfMP Certification: A Good Career Decision

What Is PMI PfMP Certification Exam?

PMI’s Portfolio Management Professional (PfMP) credential identifies the advanced experience and skill of portfolio managers. The PfMP Certification shows your proven ability in the coordinated management of one or more portfolios to achieve organizational goals. PfMP credential holders are responsible for the execution of the portfolio management process, communication around portfolio progress, and suggestions for action.

Where project and program managers are accountable for doing the work right, this is an ideal credential if you are responsible for securing your organization is doing the right work.

Target Audience:

The target organizations of PfMP Certification holders are senior leaders who are supporting their organization with project investment decisions.

These includes:

• PMO leaders who are managing large quantities and pools of resources and wish to move into the driver seat.

• Project managers and program directors who are leading portfolios of initiatives.

• Financial, marketing, and operational executives who go together with project managers in their organization and who are in a position to grow and contribute to the policy implementation process.

• Up and coming project professionals who are ready to take the next leap into mid- to upper-level management in their organization.

The PfMP Certification

PfMP Exam Eligibility:

• Four-year degree (bachelor’s degree or the global equivalent)

• 6,000 hours of portfolio management experience

• 96 months of professional business experience

Format:

• 170 Multiple choice questions

Duration: 

• 4 hours

PfMP Exam Fee:

• PMI Members: $800

• Non Members: $1000

PfMP Syllabus Topics:

The PfMP certification exam targets five domains:

1. Domain 1: Portfolio Strategic Management: 25%
2. Domain 2: Portfolio Governance Management: 20%
3. Domain 3: Portfolio Performance Management: 25%
4. Domain 4: Portfolio Risk Management: 15%
5. Domain 5: Portfolio Communications Management: 15%

The Portfolio Management Professional Handbook will give you further details on what else to anticipate during the examination process, as well as exceptional circumstances that the PMI will consider regarding certification applicants.

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

PfMP certification is one of the most common PMI certifications that are in demand in any industry right now. And it is not simple to get one. Your best weapon, as of this time, is to prepare for both the qualification process and the exam.

The PfMP certification is ideal for official or senior practitioners managing project and program portfolios that are aligned with the policy of the organization, A panel will review you first before moving to the PfMP exam; they will evaluate your professional experiences and skills and will decide if you are legible for the PfMP certification exam. This also lets the panel identify the key points and criteria for exam eligibility.

How to Prepare for the PMI PfMP Certification?

Preparing for any exam makes every person anxious. The number of sleepless nights of studying appears to float away into nothing, and by the time you sit for an exam, your mind is a total blank. You look at the first question and telling yourself you have studied this part and end up kicking yourself for forgetting it.

It is fairly natural to have the jitters during this time, and even academic individuals who study weeks or months before have their share of excitement looming above them like a dark cloud.

Tips and Tricks to Prepare for the PMI PfMP Certification Exam

When it comes to preparing for the PfMP exam, nothing hits ole useful fashioned reading resources. The Project Management Institute (PMI) gives a handful of study materials that you can do during your PfMP exam preparation.

Resources for PfMP Certification:

The PfMP Handbook from the PMI is your go-to review material for the PfMP exam. It is chock full of information about the PfMP certification. The handbook refers to both online and paper-based exams. Now you are equipped and ready to take notes; opt for the PfMP Exam Content Outline that includes the exam scoring outline and the five domains that each contain different tasks, namely the parts of the PfMP exam you are going to take.

Then, you can also rely on The Standard of Portfolio Management for your PfMP exam preparation. This book includes the latest practices and approaches in portfolio management.

You have now compiled all the required study materials for your exam. Now to tackle the common burning questions on how to prepare for the PfMP exam.

Take Advantage of Online PfMP Practice Exam:

PfMP simulators are practice PfMP exams hosted online. They test the applicant with questions that reflect the same format as the actual PfMP exam. They also intend to replicate the exam environment, so you become happy with the timing and the pressure. They are an excellent method to assess your level of preparation.

Remember Flash Cards:

Paper or electronic flashcards are a cost-effective, portable, and dependable-and-true method of studying for the PfMP exam. Creating flashcards on your individual also can be immensely crucial during your preparation.

Participate in Study Groups and Forums:

Study groups and discussion forums can significantly help you prepare for your PfMP exam. As an active participant in study groups and discussion forums, you can assist others in passing the exam, get your concerns addressed and queries answered, learn more about several useful resources and significantly decrease the time required to prepare for the exam.

PfMP Certification: Managing Portfolio through Advanced Skills

Organizations make it a point to guarantee that their different divisions are delivering the following products or services to the clients. These divisions have various operations running, such as managing projects or programs, developing new strategies, and improving their practices.
Ensuring that such elements are being completed now is one of the few activities portfolio management does.

Portfolio management is one of the most efficient methods to execute strategic initiatives because it links the strategy and performance together to form a specific framework or standard. Organizations that have active portfolio management have met more ROIs from strategic implementation and tasks than those who do not.

Portfolio managers are responsible for such activities, making sure that plans and goals are adjusted to the overall operation of the projects and programs. Some portfolio managers earn a PMI Portfolio Management Professional (PfMP) certification to have advanced skills and capabilities in organizing and managing multiple portfolios at once.

For the best results, do not stop studying until the final day!