Portfolio Management Professional (PfMP)® Certification Training

Portfolio management is the latest frontier in project-, program-, and portfolio management (aka PPPM), and the discipline serves as a bridge between stratetgic planning and project/program execution. 

PMO Advisory is a pioneer in this field as we are one of the first company to offer the Portfolio Management Professional (PfMP) Bootcamp. 

Since 2015, after our CEO, Dr. Te Wu published a Sensitive Guide in Passing the PfMP Exam, PMO Advisory has built a library of over 1,700 questions and multiple modalities in all pricing points to help professionals with this exam.

As an authority in this field, he is the current chairperson of PMI’s Portfolio Management Standard Committee leading the development of the next edition of the Standard for Portfolio Management 5th Edition. 

Course Description

Studies have consistently shown organizations today fail to implement their strategies. The failure rate differs among studies, but even the most optimistic puts the failure rate at 50% with some studies showing as high as 90%.

One of the primary reasons for strategy implementation failure is poor project investment selection and poor organizational focus. This results in significant waste and ineffective use of precious assets and resources.

Confronting the issue of investment selection and prioritization as well as limited resources, organizations must work “smarter” by focusing their limited resources on the most important and highest priority endeavors.

PMI created the PfMP credential in 2014 mainly focused on addressing this major gap in organizational project management. Portfolio management is commonly viewed as the apex of the project management professional ladder.

Portfolio managers often plan mid- to upper-level leadership roles, working with business executives to influence and determine project investments. The PfMP certification provides the necessary credential and credibility to be at the same table with senior executives.

Course Objectives

Upon completion of the course, participants will have an understanding of:

• Pass the PfMP Exam on the first try (by applying our methodology)

• PfMP Application process, requirements, and PfMP exam outline

• What are Portfolios and what is Portfolio Management

• The interaction between Portfolio Management, Program / Project Management and Organization Strategy

• The Role of the Portfolio Manager and other key roles in Portfolio Management

• How to design, Prioritize, build the portfolio and manage the portfolio component relationships

• The Three Portfolio Management Process Groups and the interactions among them

• The five Portfolio Management knowledge areas

Key Course Topics

This portfolio management test prep course is designed to prepare you for the PfMP credentialing examination, which is offered by the Project Management Institute.

With lessons on data analysis as well as business communication and collaboration, the course contains engaging lessons and self-assessment quizzes to help you review the concepts and practice the types of questions you can expect on the exam.

The course helps you study several portfolio management topics, such as:

• Lesson (1):   Introduction to Portfolio/Program and Project Management  

• Lesson (2):   Portfolio Management Overview & Organization  

• Lesson (3):   Portfolio Management  Process Groups

• Lesson (4):   Portfolio Strategic Management

• Lesson (5):   Portfolio Governance Management

• Lesson (6):   Portfolio Performance Management

• Lesson (8):   Portfolio Communication Management

• Lesson (9):   Portfolio Risk Management

Target Audience

The target groups of PfMP Certification holders are senior leaders who are helping their organization with project investment decisions. These includes:

• PMO leaders who are managing large quantities and pools of resources and wish to move into the driver seat

• Project managers and program managers who are managing portfolios of initiatives

• Financial, marketing and operational executives who work closely with project managers in their organization and who are in a position to influence and contribute to the strategy implementation process

• Up and coming project professionals who are ready to take the next leap into mid- to upper-level management in their organization

• We also have seen a high number of senior project professionals who are “accidental project managers” and who have grown beyond the PMP credential

Who Will Benefit From The Course

 As the PfMP certification is the most elite PMI qualification, credential holders will gain a distinct advantage in employment and promotional opportunities over their peers and this course is ideally suited for current program, project, and portfolio managers, along with VPs/AVPs, PMO Directors / PMO consultants.

Why Us (Short Version)? 

• We are striving to maintain a 100% first-time pass rate, by following our Methodology*

• We provide Money-Back Guarantee, for those who abide by our Methodology

• We have the most comprehensive resources – 560+ slides in the bootcamp workbook, 1800+ questions, 3 books, readiness exam, LinkedIn support group, job aids, etc.

• Our CEO, Dr. Te Wu, is an authority in portfolio management. He is the current PMI chairperson leading the development of the next edition of the Standard of Portfolio Management. (He was previously a core team member on multiple PMI standards, including The Standard for Portfolio Management – 4th Edition.) PMI also published a book in which he was one of the two lead editors: “Implementing Project Portfolio Management”

• We are the one-stop shop for PMI project management certifications

• For more reasons, see Why PMO Advisory? (Long Version).

Our Methodology

Short version: “Pass our Exam Simulator in Exam Mode at 85% two consecutive times within 7 days and take the test in 7 days”

Long version:

• Practice using our Exam Simulator in Flexible Mode

• Once you start to achieve 70%+, start using the Exam Mode when you have four hours. You may also wish to schedule the actual exam. Depending on your schedule, our recommendation is two weeks out.

• Within the next week, practice using the Exam Mode as often as you have time. You know you are ready when are able to achieve 75% or higher.

  • Everyone who had achieved 75% or higher in our Exam Simulator in Exam mode two consecutive times within the 7 days and takes the exam within the next 7 days actually never failed the exam.

  • But for the Money Back Guarantee to apply, as our “skin is in the game”, the threshold is set at 85%.

Prerequisites

• All applicants must possess a minimum of eight years of professional business experience AND

• Secondary degree (high school diploma, associate’s degree or the global equivalent)

• 10,500 hours of portfolio management experience

OR

• Four-year degree (bachelor’s degree or the global equivalent)

• 6,000 hours of portfolio management experience