PfMP - Study Material - Portfolio Management Professional (PfMP)

The PMI Professional in Portfolio Management (PfMP) examination is the certification exam for the PMI PfMP credential. It is designed to measure a portfolio manager's knowledge of the principles, processes, and best practices associated with portfolio management. It covers four domains: portfolio governance and strategy, portfolio performance and risk management, portfolio integration and alignment, and portfolio execution and delivery.

The PMI PfMP exam is a four-hour, computer-based exam consisting of 200 multiple-choice questions.

There are a total of 170 questions on the PMI PfMP Exam.

The passing score for the PMI PfMP exam is a scaled score of 150 out of 200.

The PMI Professional in Portfolio Management (PfMP) examination requires a minimum of 3,000 hours of professional portfolio management experience and a minimum of 7,500 hours of professional project management experience.

The PMI PfMP exam consists of 170 multiple-choice questions in a variety of formats, including multiple choice, multiple response, matching, and drag-and-drop.

The PMI PfMP exam can be taken either online or at a testing center. To take the exam online, candidates must register and pay for the exam through the PMI website. Once registered, they will receive an email with instructions on how to access the exam. To take the exam at a testing center, candidates must register and pay for the exam through the PMI website and then select a testing center from the list of available locations. They will then receive an email with instructions on how to access the exam at the testing center.

The PMI PfMP exam is offered in English.

The cost of the PMI PfMP exam is $1,000 USD.

The target audience of the PMI PfMP Exam is experienced project, program, and portfolio managers who have at least 10 years of experience in managing complex projects and portfolios, and who are looking to demonstrate their expertise in this field.

The average salary for a certified PMI PfMP professional is around $110,000 per year.

The Project Management Institute (PMI) is the only organization that provides testing for the PMI PfMP exam. All testing is administered through Pearson VUE, PMI’s testing partner.

The PMI PfMP Exam requires a minimum of five years of project management experience and seven years of program management experience. This experience should include the application of program management knowledge, skills, tools, and techniques. It is also recommended that applicants have a minimum of 4,500 hours of program management experience in the last eight years, including direct experience leading and directing programs and related projects.

The Prerequisite for the PMI PfMP Exam is a minimum of five years of project management experience and 10,000 hours of project management experience in the last eight years. Additionally, candidates must have a minimum of four years of experience in strategic and/or portfolio management, and a minimum of four years of experience in leading and directing projects or programs.

The official PMI website does not provide an expected retirement date for the PfMP exam. However, you can find more information about the exam, including the current exam content outline, on the PMI website: https://www.pmi.org/certifications/types/portfolio-management/pfmp-portfolio-management-professional.

1. Become a PMI Member: To be eligible to take the PMI PfMP Exam, you must first become a PMI member. 2. Complete the PMI PfMP Eligibility Requirements: To be eligible to take the PMI PfMP Exam, you must meet the eligibility requirements, which include having a minimum of five years of project management experience, 10,500 hours of leading and directing projects, and 35 hours of formal project management education. 3. Pass the PMI PfMP Exam: After meeting the eligibility requirements, you can register for the PMI PfMP Exam. The exam consists of 170 multiple-choice questions and is divided into two sections: the Core Exam and the Professional Exam. 4. Maintain Your PMI PfMP Credential: Once you have passed the PMI PfMP Exam, you must maintain your credential by earning 60 professional development units (PDUs) every three years.

The PMI PfMP exam covers the following topics: 1. Portfolio Governance: This topic covers the principles and processes used to manage and govern a portfolio of projects, programs, and other related activities. It includes topics such as portfolio objectives, portfolio strategy, portfolio performance, portfolio risk management, and portfolio monitoring and control. 2. Stakeholder Engagement: This topic covers the principles and processes used to engage stakeholders in the portfolio management process. It includes topics such as stakeholder analysis, stakeholder engagement strategy, stakeholder communication, and stakeholder management. 3. Portfolio Performance: This topic covers the principles and processes used to monitor and control portfolio performance. It includes topics such as portfolio performance measurement, portfolio performance analysis, portfolio performance optimization, and portfolio performance reporting. 4. Portfolio Financial Management: This topic covers the principles and processes used to manage the financial resources of the portfolio. It includes topics such as portfolio budgeting,

1. What are the core principles of a successful Portfolio Management Process? 2. How can a Portfolio Manager ensure that all projects in the portfolio are aligned with the organization’s strategic objectives? 3. What is the purpose of a Portfolio Management Office (PMO)? 4. What are the main benefits of implementing a portfolio management system? 5. How can a Portfolio Manager ensure that all projects in the portfolio are properly monitored and controlled? 6. What are the key elements of a successful Portfolio Governance model? 7. How can portfolio managers use data and analytics to make better decisions? 8. What are the most important metrics for assessing the performance of a portfolio? 9. What are the key steps in the portfolio planning process? 10. What processes and techniques can be used to prioritize projects within a portfolio?

The PMI PfMP exam is classified as a difficult exam. It requires a thorough understanding of project management and the ability to apply the concepts to the project management process. It also requires a great deal of experience and knowledge in the field.