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PfMP® Certification Training

Portfolio Management Professional (PfMP)

Elevate your project portfolio management skills and unlock new career opportunities with our PfMP® Certification Training. Specifically designed for seasoned project management professionals, this course will equip you with the knowledge and expertise to effectively manage complex portfolios

Duration : 5 days

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PfMP® Certification Training

training

Domain / Vendor

pfmp certification

21 PDUs Certification Course

Exam Preparation Material

Focused, interactive learning sessions

Real-world case studies

Overview Learning Objectives Who Should Attend Prerequisite Outline Certification

PfMP? Certification Training: Course Overview:

Course Objectives

Gain a thorough understanding of portfolio management strategies and theories.
Identify and manage portfolio risks and opportunities.
Implement effective portfolio governance, planning, and execution disciplines.
Use appropriate metrics to track and evaluate portfolio performance.
Make necessary adjustments to optimize portfolio outcomes.
Communicate effectively with stakeholders using various techniques and tools.
Develop and implement portfolio management policies and practices.
Understand the overall impact of portfolio management on the organization.
Analyze the factors that influence portfolio decision-making.
Optimize portfolio costs and benefits using appropriate strategies.

Target Audience

Program Mangers
PMO / PMO consultants
Professionals heading the programs on large-scale
AVPs
Project Managers
VPs

Pre-Requisites

Having at least 96 months of professional business experience in the last 15 years, along with either:
84 months of experience in portfolio management, and a secondary degree (such as a high school diploma or associate's degree)
48 months of experience in portfolio management, and a four-year degree (such as a bachelor's degree or equivalent)

All applicants are required to meet the minimum prerequisites, which are as follows:
They must have a minimum of 96 months of professional business experience within the last 15 years AND
Either 84 months of experience in portfolio management or a secondary degree (high school diploma, associate’s degree or the global equivalent)
Or 48 months of experience in portfolio management and a four-year degree (bachelor’s degree or the global equivalent)

Course Outline

Domain 1: Strategic Alignment

Task 1: Understand the Strategic Priorities
Task 2: Create a Basis for Decision Making
Task 3: Provide a Guiding Framework
Task 4: Create Portfolio Scenarios
Task 5: Evaluate and Select Viable Options
Task 6: Provide Governance with a Rationale for Decision Making
Task 7: Sustain Strategic Alignment
Task 8: Confirm and Communicate the Portfolio Components

Domain 2: Governance

Task 1: Support Effective Decision Making
Task 2: Establish Consistent Portfolio Management Practices
Task 3: Manage the Portfolio Efficiently and Effectively
Task 4: Create the Portfolio Management Plan
Task 5: Authorise the Execution of the Portfolio

Domain 3: Portfolio Performance

Task 1: Authorise Portfolio Structure and Activate Components
Task 2: Collect and Consolidate Key Performance Metrics Data
Task 3: Monitor the Portfolio Performance
Task 4: Manage and Escalate Issues
Task 5: Manage Portfolio Changes
Task 6: Balanced Portfolio and Prioritise Portfolio Components
Task 7: Analyse and Optimise the Consolidated Allocation/Reallocation
Task 8: Facilitate Reallocation of Organisational Resources to Portfolio
Task 9: Measure Aggregated Portfolio Performance Results
Task 10: Maintain Records by Capturing Portfolio Artifacts

Domain 4: Portfolio Risk Management

Task 1: Provide Input to Governance
Task 2: Develop the Portfolio Risk Management Plan
Task 3: Perform Dependency Analysis
Task 4: Develop, Monitor, and Maintain Portfolio-Level Risk Register
Task 5: Promote Stakeholder Ownership of Portfolio Risks
Task 6: Optimise Portfolio Strategic Goals and Objectives

Domain 5: Communications Management

Task 1: Analyse Internal and External Stakeholders
Task 2: Create the Aggregate Communication Strategy and Plan
Task 3: Engage Stakeholders
Task 4: Maintain the Communication Strategy and Plan
Task 5: Facilitate Stakeholder Understanding of Portfolio Management
Task 6: Maintain Credibility and Satisfaction with All Stakeholders

About The Certification

The PfMP (Portfolio Management Professional) certification recognizes individuals who have advanced knowledge and experience in portfolio management. The certification exam consists of 170 multiple-choice questions that test the candidate's understanding of portfolio management principles, practices, and processes. Passing the exam requires a high level of expertise and experience in portfolio management.

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FAQ’s

What is PfMP Certification Training?

PfMP Certification Training is a specialized program designed to prepare project management professionals for the PfMP (Portfolio Management Professional) certification exam. It covers all the knowledge areas and skills required to manage portfolios effectively.

Why is PfMP Certification important?

PfMP Certification is important because it demonstrates that a project management professional has the necessary knowledge and skills to manage portfolios effectively. It also enhances career opportunities and can lead to higher salaries.

What are the prerequisites for PfMP Certification Training?

To be eligible for PfMP Certification Training, a project management professional must have a minimum of 8 years of professional experience in portfolio management and a minimum of 4 years of experience in a leadership role.

What does PfMP Certification Training cover?

PfMP Certification Training covers all the knowledge areas and skills required to manage portfolios effectively. This includes portfolio strategic management, portfolio governance, portfolio performance management, portfolio risk management, and portfolio communication management.

How long does PfMP Certification Training take?

The duration of PfMP Certification Training varies depending on the training provider and the mode of delivery. It can range from a few days to several weeks.

Can PfMP Certification Training be taken online?

Yes, PfMP Certification Training can be taken online. Many training providers offer online courses to make it more convenient for professionals to complete the training.

What is the PfMP Certification exam format?

The PfMP Certification exam is a multiple-choice exam consisting of 170 questions. It is a computer-based exam and is administered by Prometric testing centers.

What is the passing score for the PfMP Certification exam?

The passing score for the PfMP Certification exam is not disclosed by PMI. However, it is recommended that candidates aim for a score of at least 60-70%.

What is the validity of PfMP Certification?

PfMP Certification is valid for three years from the date of certification. After three years, the certification must be renewed by earning a certain number of Professional Development Units (PDUs) and submitting a renewal application.

Why should one choose Vinsys as a learning partner?

Vinsys is a leading platform that provides professional certification training to individuals seeking to enhance their skills and knowledge. It is widely recognized globally for its rigorous efforts and dedicated teamwork. Vinsys employs world-class trainers and a proven training methodology that creates an excellent training environment for its students. The practical approach towards learning used by Vinsys trainers instills both knowledge and skills to candidates, making them stand out in the industry.