PfMP Certification Training Course

Manage various aspects such as time, cost, resources and so on by applying portfolio management best practices. Monitor and manage one or more portfolios seamlessly in the Portfolio Management Professional (PfMP) certification from Project Management Institute (PMI), a globally recognized credential that will give you an edge over your non-certified counterparts.

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.

Merit Global 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.

This course is offered by Project Management Institute. KnowledgeHut is an Authorized Training Partner of PMI.

Key Features

• Analyze and monitor portfolio components to identify issues and opportunities

• Get comprehensive exam prep for the PfMP Certification exam

• Master how to manage and align a portfolio of projects

• Trainers With 15+ years Of Experience

Course Outlines

Introduction to Portfolio Management and its benefits

• About Portfolio Management

• Benefits of Portfolio Management

Strategic Alignment

• Evaluate Organizational Strategic Goals

• Identify Prioritization Criteria

• Rank Strategic Priorities

• Identify Existing and Potential Portfolio Components

• Create Portfolio Scenarios (What-if Analysis)

• Recommend Portfolio Scenarios

• Determine Impact to Portfolio Components

• Create Portfolio Roadmap

Governance

• Define and Establish Governance Model

• Determine Portfolio Management Standards

• Define and Modify Portfolio Processes and Procedures

• Create a Portfolio Management Plan

• Create Portfolio Scenarios (What-if Analysis)

• Make Portfolio Recommendations and Get Approval

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

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

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

Prerequisites

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 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.

Who Should Attend

• Program Mangers

• Project Managers

• VPs

• AVPs

• PMO / PMO consultants

• Professionals leading large-scale programs

The Exam

The PFMP Certification Exam is very challenging. To succeed, you must:

• Dedicate your time and effort to preparing for the exam.

• Results of the study indicated that the 150 scorable questions on the test should be distributed among the domains. The remaining 20 questions will be dispersed throughout the domains as pretest questions and will not count in the candidates scores. The pretest items allow PMI to monitor the question performance better, prior to including the questions in the final databank of test questions