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PfMP® Certification Training Course
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PfMP® Certification Training Course

A complete and practical guide to mastering Project Portfolio Management

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Live Online Classroom

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Description

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Portfolio 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

KnowledgeHut is a Premier Authorized Training Partner (ATP) of PMI.
3 days comprehensive training for a first time pass of the credential
PMI® approved courseware
Post training exam and support
21 PDUs
In-depth training on portfolio management applications through examples

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

Module 1: Introduction to Portfolio Management and its benefits
Module 2: Portfolio Strategic Alignment
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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Frequently Asked Questions

This course is designed for experienced program and project managers seeking to improve their ability to manage and support their organization's project portfolio, VPs/AVPs, PMO / PMO consultants and anybody else leading large-scale programs.

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!

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