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Description
Regd. Education ProviderPortfolio Management is the application of management activities to a collection of programs, projects and/or operations to achieve strategic business objectives. Portfolio Management is not just about ensuring profits but cohesively binding projects within the portfolio, so that they work in tandem to achieve global goals of the organization. As a Portfolio Manager, you would be required to manage various aspects such as time, cost, resources and so on by applying portfolio management best practices.Helping you monitor and manage one or more portfolios seamlessly is the Portfolio Management Professional (PfMP)® certification from Project Management Institute (PMI)®, a globally recognized credential that will also give you an edge over your non-certified counterparts.
KnowledgeHut brings you a well-rounded course designed to help you become a success as a Portfolio Manager and gain the certification at the first attempt. With comprehensive courseware and in-depth practical sessions, the course helps you to enhance your competence and knowledge in Portfolio management techniques, and establish your ability to handle complex portfolios across sectors and technologies.
What you will learn?
The workshop will help you:
- Understand the whole process of project portfolio management and how it contributes to organizational success
- Learn about the benefits of portfolio management
- Understand the strategic planning process, tools and techniques
- Understand how best to identify and apply a selection criteria to project portfolio components
- Learn about change and cost management techniques
- Understand about stakeholder management techniques
- Formulate effective project portfolio reports
You will also get:
- 3-days intensive workshop
- 21 PDUs
- Learn through examples of PfMP® Applications
- Post-training exam support
Key Features
Certification
Prerequisites:
The following are the eligibility requirements for the Portfolio Management Professional (PfMP)® credential
|
Educational Background |
Portfolio Management Experience |
Professional Business Experience |
|
Secondary degree (high school diploma, associate’s degree or global equivalent) |
10,500 hours (7 years) of unique non-overlapping professional portfolio management experience |
A minimum of 8 years of professional business experience |
|
OR |
||
|
Four-year degree (bachelor’s degree or global equivalent) |
6,000 hours (4 years) of unique non-overlapping professional portfolio management experience |
A minimum of 8 years of professional business experience |
- All portfolio management experience must have been accrued within the last 15 consecutive years prior to the application submission. There is no time range for the professional business experience.
- General experience doesn’t apply to portfolio management experience, but portfolio management experience can count as professional business experience.
- Where portfolio management experience cannot overlap, professional business experience can overlap with portfolio management experience.
Certification
Two evaluations must be cleared in order to earn the PfMP® credential.
|
Evaluation 1 |
Application Panel Review |
|
Evaluation 2 |
Multiple-choice exam |
On clearing the first evaluation, candidates can take the 4-hour examination, consisting of 170 multiple-choice questions.
Please visit https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/portfolio-management-professional-handbook.pdf
Curriculum
Module 3: Portfolio Governance
Module 4: Portfolio Performance
Module 5: Portfolio Risk Management
Module 6: Portfolio Communications Management
Please visit https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/portfolio-management-professional-exam-outline.pdf
to understand the examination content and the course agenda.
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Overall, the training session at KnowledgeHut was a great experience. I learnt many things. I especially appreciate the fact that KnowledgeHut offers so many modes of learning and I was able to choose what suited me best. My trainer covered all the topics with live examples. I'm glad that I invested in this training.
Attended PMP® Certification workshop in May 2020All my questions were answered clearly with examples. I really enjoyed the training session and am extremely satisfied with the overall experience. Looking forward to similar interesting sessions. KnowledgeHut's interactive training sessions are world class and I highly recommend them .
Attended PMP® Certification workshop in July 2020I would like to thank the KnowledgeHut team for the overall experience. My trainer was fantastic. Trainers at KnowledgeHut are well experienced and really helpful. They completed the syllabus on time, and also helped me with real world examples.
Attended Agile and Scrum workshop in June 2020Everything was well organized. I would definitely refer their courses to my peers as well. The customer support was very interactive. As a small suggestion to the trainer, it will be better if we have discussions in the end like Q&A sessions.
Attended PMP® Certification workshop in April 2020The trainer was really helpful and completed the syllabus on time and also provided live examples which helped me to remember the concepts. Now, I am in the process of completing the certification. Overall good experience.
Attended PMP® Certification workshop in April 2020I would like to extend my appreciation for the support given throughout the training. My trainer was very knowledgeable and I liked his practical way of teaching. The hands-on sessions helped us understand the concepts thoroughly. Thanks to Knowledgehut.
Attended Certified ScrumMaster (CSM)® workshop in June 2020Trainer really was helpful and completed the syllabus covering each and every concept with examples on time. Knowledgehut staff was friendly and open to all questions.
Attended Certified ScrumMaster (CSM)® workshop in February 2020The teaching methods followed by Knowledgehut is really unique. The best thing is that I missed a few of the topics, and even then the trainer took the pain of taking me through those topics in the next session. I really look forward to joining KnowledgeHut soon for another training session.
Attended Certified ScrumMaster (CSM)® workshop in May 2020
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Senior Web AdministratorFrequently Asked Questions
Portfolio Management is without doubt an organization’s most important aspect as it supports strategic goals and ultimately ensures faster ROI. Not only that, by developing a seamless synergy between projects, portfolio management ensures proper financial support and prioritization towards achieving these goals. As a (PMI-PfMP)® you will be able to monitor and manage multiple portfolios by: selecting the appropriate portfolio components, managing stakeholders and keeping them up-to-date with key portfolio communications, and ensuring timely and consistent portfolio reviews.
You may attend the coaching to gain an in-depth knowledge of portfolio management principles, but without the stated educational qualifications and experience, you cannot appear for the examination.
No, there is no online/virtual course for PfMP®.The Portfolio Management Professional certification requires in-depth knowledge of portfolio management techniques, which you get from our certified experts who lead the workshop.
You will get 21 PDUs toward your continuing education requirements with the Project Management Institute (PMI) ® for Project Management Professional (PMP)® and PMI Agile Certified Practitioner (PMI-ACP) ® certifications.
PDUs are credits awarded by the Project Management Institute . They recognize your dedication to the Project Management world through the award of credits for every educational effort you make throughout your career. Every PMI® certification, except the Certified Associate in Project Management (CAPM)® certification, requires you to earn a specific number of PDUs per three-year certification cycle.
To gain the PfMP® credential you need to first pass the panel review and then the 170-question, multiple-choice test.
To maintain your PfMP®, you must earn 60 professional development units (PDUs) in portfolio management topics every three years.
The exam fee for PMI members is USD 800 and for non-members is USD 1,000.
If you fail the exam on your first attempt, you can re-take it two more times within your one-year eligibility period. Fees are associated with re-examination. Details for re-examination can be found in the certification handbook.
Any registration cancelled within 48 hours of the initial registration will be refunded in FULL (please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding). Refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details: https://www.knowledgehut.com/refund-policy
Please send in an email to support@knowledgehut.com,
and we will answer any queries you may have!