The project management profession is in high demand in other areas, such as China, India, Japan, and Europe. Many projects today span continents. Currently, PMI is embryonic in its existence outside of North America. The Portfolio Management Professional (PfMP) certification warrants your competency in the applicable profession to accomplish gains using well-thought-out strategies. An experienced practitioner ensures the organization’s risks are minimized and does not misuse funds and resources.
Being a certified Portfolio Manager, you shoulder the responsibility of reducing risk and implementing strategic initiatives to achieve profits. After completing PfMP certification, you can align projects, programs, and operations with strategic objectives, investing resources in the proper work to deliver the expected value.
What Is PfMP Certification: Getting Ready
PfMP certification is among the most popular PMI certifications in demand in any industry. 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 ideal for executive or senior practitioners managing project and program portfolios aligned with the organization's strategy.
The Portfolio Management Professional (PfMP) certification recognizes portfolio managers' advanced experience and competency. By attaining this PfMP certification, professionals can show their employers their proven ability to blend and manage several portfolios to achieve the organization's strategic goals. PfMP professionals ensure their organizations are doing good work, while PMP and PgMP professionals are in charge of doing the work right.
The conditions include at least 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 the bachelor graduates.
A panel will review you before proceeding to the PfMP exam; they will assess your professional experiences and skills and decide if you are indeed legible for the PfMP certification exam. This also lets the panel identify the key points and criteria for exam eligibility.
As portfolio management continues to evolve and organizations adopt it to achieve strategic objectives, it becomes more critical to have individuals competent in this practice area. As employers require portfolio managers who can support the organization's strategic goals, PfMP credential holders will earn a distinct benefit in employment and promotional opportunities over their peers.
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, and align your portfolio management experience with PfMP terminology and definitions, as well as identify the steps required to complete your exam application and meet the required criteria.
Is a PMI PfMP Certification Worth It?
For many Portfolio Management Professionals, earning a PMI PfMP certification is worth it.
Here are some things to remember as you decide if this path is right for you:
1. Consider Your Career
If you are a current or prospective project management professional, you should consider earning a PfMP certification. Whether an entry-level project manager or a seasoned professional, certification can help you take your career to the next level.
2. Look at Earning Potential
According to a Project Management Institute survey, professionals with PfMP certification earned salaries that were 16% higher than those who were not certified.
3. Build Your Resume
Once you earn a PfMP certification, include it on your resume. A certificate can set you apart from other candidates by demonstrating competency and success in your project management activities. Your resume should also include information showing you know how to use resources, tools, and project management methods to achieve the best results.
4. Expand Your Network
As you build your career, you may face challenges during your projects. It is essential to take time to network with other Portfolio Management Professionals. You may be able to consult with others in your network who can share their knowledge and ideas to assist you with your projects. You may also join with those who can benefit from your expertise and advice.
Hope this information is valuable to know about Portfolio Management, what it takes to become PfMP certified, and how it can help your career.
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