Portfolio Management Professional (PfMP) certification


What is PfMP?

Portfolio Management Professional (PfMP) is a globally recognized certification offered by the PMI. Individuals who have earned the certification have demonstrated their extensive knowledge and mastery of portfolio management concepts, tasks and techniques. The certification helps one to manage and align a portfolio of program and projects to meet strategic objectives.
A panel reviews the applicant before proceeding towards PfMP Certification. They assess the professional experience and skills and in turn decide whether the candidate is eligible for it. You must earn certain educational and professional experience all of which that have been accumulated over the last 15 years. The criterion is:

·      With secondary diploma: Minimum 8 years (96 months) of Professional Business experience and Minimum 7 years (10,500 hours) of non-overlapping Portfolio Management experience.

·      With a four-year degree: Minimum 8 years (96 months) of Professional Business experience and Minimum 4 years(6,000 hours) of non-overlapping Portfolio Management experience.

Below is the timeline of the PfMP Certification process:

1.       Certification Application :
The application is to be filled out and submitted along with the educational credentials. Some of the details submitted include several months and hours of Portfolio Management experience and an in-depth documenting.

2.       PfMP Audit :
Applications must go under an audit due to certain factors that are needed to be clarified.
Following that, the applicant needs to prepare documents and references involved in the projects.

3.       Panel Review :
The applicant undergoes a panel review which evaluates the skills and professional experience. The references are also sometimes inquired from the information provided in the application.

4.       Certification Preparation process :
Various resources are accessible to study and prepare for the certification, whereas training and seminars are also held for extra education and knowledge.

5.       PfMP Certification :
The examination consists of 170 multiple choice questions out of which 150 are scored and the rest 20 pretest (unscored).  The assigned time to complete the examination is 4 hours.
The candidates who clear and earns a certification must actively maintain and furthermore renewal of their certifications every 3 years through participation in the Continuing Certification Requirements (CCR) Program.

Here is the way where you can also find out all about PMP Prep Course

Overview:
A PfMP certification demonstrates that an individual is more adept at calculating the risks and benefits, finding solution and aligning them with the organization’s core strategy. Portfolio Management is crucial for an organization as it helps them to organize, prioritize and finance the projects.

For more information regarding Portfolio Management Professional (PfMP) and training or certification and its process in detail, get in touch with our experts and get a FREE Counselling session.
Call us at 647 620 9490 or write to us on info@educationedge.ca


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