PMI Portfolio Management (PfMP)

Description

PfMP® (Portfolio Management Professional) Certification

The PfMP® (Portfolio Management Professional) is the highest-level certification offered by PMI (Project Management Institute) for professionals who manage multiple programs and projects at an enterprise level to meet strategic business objectives.

1️⃣ Overview of PfMP Certification

• Issued by: Project Management Institute (PMI)
• Best for: Senior portfolio managers, executives, and PMO leaders
• Focus: Aligning projects, programs, and business strategy at an organizational level
• Difficulty Level: Expert (Above PMP & PgMP)
• Validity: 3 years (requires 60 PDUs for renewal)
• Recognition: Global standard for portfolio management professionals

2️⃣ PfMP Certification Eligibility Requirements

To apply for PfMP certification, you must meet one of the following criteria:

• Note: Experience must be within the last 15 years.

3️⃣ PfMP Certification Process

Step 1: Application & Panel Review

• Submit your PfMP application on PMI’s website.
• Your experience will be evaluated by a PMI panel of experts (takes ~4 weeks).

Step 2: PfMP Exam

• Exam Format:
  • 170 multiple-choice questions
  • 4-hour duration
  • Based on PMI’s Standard for Portfolio Management
• Exam Fee:
  • PMI Members: $800
  • Non-Members: $1,000

Step 3: Multi-Rater Assessment (MRA)

• After passing the exam, PMI sends a leadership evaluation survey to your colleagues and supervisors.
• They rate you on portfolio management competencies.

Step 4: Certification Award

• Once you pass the exam and MRA, PMI awards you the PfMP credential.

4️⃣ PfMP Exam Domains

• The exam focuses on real-world portfolio management scenarios.