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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
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PfMP® Certification
Exam Preparation Material
Focused, interactive learning sessions
Real-world case studies
PfMP? Certification Training: Course Overview:
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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)
OR
- 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.
Choose Your Preferred Mode
ONLINE TRAINING
- Instructor led Online Training
- Experienced Subject Matter Experts
- Approved and Quality Ensured training Material
- 24*7 leaner assistance and support
CORPORATE TRAINING
- Customized Training Across Various Domains
- Instructor Led Skill Development Program
- Ensure Maximum ROI for Corporates
- 24*7 Learner Assistance and Support
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.
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