Portfolio Management Professional (PfMP)

Portfolio Management Professional (PfMP)

A Portfolio Management Professional (PfMP) certification demonstrates that an individual is more adept at calculating the risks and benefits, finding solution and aligning them with the organization’s core strategy. Portfolio Management is crucial for an organization as it helps them to organize, prioritize and finance the projects.

Being a certified Portfolio Manager, you shoulder the responsibility of reducing risk and implementing strategic initiatives to accomplish profits. After completion of PfMP certification you will be able to align projects, programs and operations with strategic objectives, investing resources in the right work to deliver the expected value.

Course Key Learnings:

• Differentiate project portfolio management from other management disciplines
• Relate projects to an organization’s strategic objectives
• Explain what is involved in project prioritization in large, complex organizations
• Develop and apply a project prioritization model that incorporates the many and varied aspects of project value
• Prioritize projects on the basis of their strategic value
• Schedule projects on the basis of strategic priorities so as to maximize the benefits derived from an organization’s ability to complete projects
• Maximize the volume of projects that can be completed by developing defensive capacity of non-limiting resources
• Maximize the value of projects that are completed by ensuring the right projects are being completed in the right order
• Simplify the portfolio management process by focusing management attention on the bottlenecks to project completion
• Relate portfolio management success to the contribution made by the Project Management Office

Course Content:

Module1: PORTFOLIO MANAGEMENT FOUNDATIONS

• Organizational Project Management
• Portfolio Management and Organizational Strategy
• Roles and Responsibilities of a Portfolio Manager
• PMI View of Portfolio Management

Module2:Strategic Alignment

• 1. Evaluate Organizational Strategic Goals
• 2. Identify Prioritization Criteria
• 3. Rank Strategic Priorities
• 4. Identify Existing and Potential Portfolio Components
• 5. Create Portfolio Scenarios (What-if Analysis)
• 6. Recommend Portfolio Scenarios
• 7. Determine Impact to Portfolio Components
• 8. Create Portfolio Roadmap

 Module3:Governance

• Define and Establish Governance Model
• .Determine Portfolio Management Standards
• Define and Modify Portfolio Processes and Procedure
• Create a Portfolio Management Place
• Create Portfolio Scenarios (What-if Analysis)
• Make Portfolio Recommendations and Get Approval

Module4:Portfolio Performance

• Initiate Portfolio
• Consolidate Key Performance Metric Data
• Monitor Portfolio Performance
• Manage Issues by Communicating
• .Manage Portfolio Changes
• Prioritize Portfolio Components
• Analyze and Optimize Allocation of Capacity
• Update and Refine Portfolio Roadmaps
• Measure Aggregated Portfolio Performance Results
• Maintain Records by Capturing Portfolio Artifacts

Module5:Portfolio Risk Management

• Determine Acceptable Level of Risk for Portfolio
• Develop Portfolio Risk Management Plan
• Perform Dependency Analysis
• Develop and Maintain Portfolio Level Risk Register
• Promote Common Understanding
• .Provide Recommendation and Obtain Approvals

Module6:Communications Management

• Analyze Internal and External Stakeholders
• Create Aggregate Communication Strategy
• Engage Stakeholders
• Maintain Communication Strategy
• .Prepare and Facilitate Stakeholder Understanding
• Verify Accuracy, Consistency, and Completeness

Who’s This Course For

• Senior executives responsible for organizational strategy
• Managers responsible for developing organizational strategy or for making strategic recommendations
• Portfolio managers, project managers, and program managers
• Members of portfolio, program, or project offices
• Operational managers who are impacted or impact portfolios
• Project team members, customers, and other stakeholders of the portfolio management process

Pre Requisites:

PfMP has a list of academic and professional prerequisites.

• Applicants who have a secondary degree, high school diploma, associate degree, or a global equivalent need at least 84 months of portfolio management experience and at least 96 months of professional business experience within the last 15 years.
• Applicants with a four-year degree, a bachelor’s degree, or a global equivalent need at least 48 months of portfolio management experience and at least 96 months of professional business experience within the last 15 years.

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