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Portfolio Management Professional (PfMP)®

Portfolio Management Professional (PfMP)® Certification

 

Overview

Does your organization do the work right? But more importantly, does it do the right work? As a portfolio manager, your role is essential in ensuring that the answer is “Yes.”

Formal portfolio management is the most effective way to implement strategic initiatives because it bridges the gap between strategy and implementation. According to our 2012 Pulse of the Profession® research, organizations that excel in portfolio management had 62 percent of products meet or exceed expected ROI. Portfolio managers align projects, programs, and operations with strategic objectives, investing resources in the right work to deliver the expected value.

 

Importance of PfMP Certification

The Portfolio Management Professional (PfMP) certification signifies your advanced competency in the coordinated management of one or more portfolios to achieve strategic objectives. Organizations with mature project portfolio management practices complete 35 percent more of their programs successfully, fail less often, and waste less money, according to our 2015 thought leadership report, Delivering on Strategy: The Power of Project Portfolio Management.

 

Who Should Apply?

If you’re an executive or senior-level practitioner managing a portfolio of projects and programs aligned with organizational strategy and focused on doing the right work, then the PfMP is the right choice for you.

 

Gain and Maintain Your PfMP

Evaluation Process

  1. Panel Review: The first phase of evaluation is a panel review.

  2. Certification Exam: The certification exam consists of 170 multiple-choice questions, and you have four hours to complete it.

  3. Maintain Certification: To maintain your PfMP, you must earn 60 professional development units (PDUs) in portfolio management topics every three years.

 

Prerequisites

All applicants must possess a minimum of 96 months of professional business experience within the last 15 years AND meet one of the following sets of requirements:

  • With a Secondary Degree (High School Diploma, Associate’s Degree, or the Global Equivalent):

    • 84 months of portfolio management experience

  • With a Four-Year Degree (Bachelor’s Degree or the Global Equivalent):

    • 48 months of portfolio management experience

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