Portfolio Management Professional (PfMP) Course

The Portfolio Management Professional (PfMP) course is a comprehensive training program designed for advanced project practitioners. This course equips learners with the skills and knowledge required to manage and align a portfolio of projects and programs to organizational strategy and objectives, ensuring maximum value from investments.

Outlines

• Module 1: Strategic Alignment - Learners will grasp the crucial aspect of aligning projects with business strategy to achieve competitive advantage and meet stakeholder expectations.

• Module 2: Governance - This section covers the establishment of robust governance structures to ensure consistent decision-making and project oversight.

• Module 3: Portfolio Performance - Participants learn techniques to measure, analyze, and optimize portfolio performance for efficiency and effectiveness.

• Module 4: Portfolio Risk Management - The course emphasizes identifying, analyzing, and mitigating risks at the portfolio level.

• Module 5: Communications Management - Effective communication strategies are highlighted to ensure stakeholders are informed and engaged.By acquiring PfMP certification, professionals enhance their career prospects and organizational value. The PfMP certification training is designed to prepare candidates for the PfMP exam and to apply the principles in real-world scenarios, thus ensuring they are ready to manage portfolios successfully.

Course Prerequisites

Certainly, the Portfolio Management Professional (PfMP) credential is designed for advanced practitioners who have extensive experience in portfolio management. To ensure that participants are well-prepared to absorb the course material and have the best chance of success in both the training and the certification process, the following are the minimum required prerequisites:

• A secondary degree (high school diploma, associate’s degree, or the global equivalent) with at least 7 years (10,500 hours) of portfolio management experience within the past 15 consecutive years.

  OR

• A four-year degree (bachelor’s degree or the global equivalent) and at least 4 years (6,000 hours) of portfolio management experience within the past 15 consecutive years.

Additionally,

• Understanding of the key concepts of portfolio management, including portfolio strategic alignment, governance, performance management, risk management, and communications management.

• Familiarity with standard project management and business terminology.

• Experience in managing multiple projects or programs is highly beneficial, although not strictly required.

It is also recommended that:

• Candidates have some knowledge of or experience with organizational project management maturity.

• Participants have a basic understanding of PMI standards and guidebooks, such as 'A Guide to the Project Management Body of Knowledge (PMBOK® Guide)' and 'The Standard for Portfolio Management.'

These prerequisites are in place to ensure that participants can effectively engage with the course material and are prepared for the level of discussion and content that will be covered in the PfMP course.

Target Audience

The Portfolio Management Professional (PfMP) course by Koenig Solutions trains individuals in advanced strategic portfolio management skills.

Target audience for the PfMP course includes:

• Senior-level project, program, or portfolio managers

• Executives and managers involved in organizational strategy and decision-making

• PMO directors or heads

• Portfolio management professionals seeking formal recognition of their skills

• Consultants offering strategic portfolio management advice or services

• Professionals aiming to transition into portfolio management roles

• Individuals seeking to enhance their competence in the field of portfolio management for career advancement

Learning Objectives

Introduction: The Portfolio Management Professional (PfMP) course focuses on enhancing strategic alignment, governance, performance, risk management, and communication within portfolio management.

Learning Objectives and Outcomes:

• Understand the principles of strategic alignment and its importance in portfolio management.

• Learn how to align projects and programs with an organization's strategic objectives.

• Gain insights into effective portfolio governance structures and decision-making processes.

• Develop skills to monitor and control portfolio performance, including techniques for measuring value delivery.

• Master portfolio risk management strategies to identify, analyze, and mitigate potential threats.

• Explore various risk response strategies and their application within portfolio management.

• Enhance communication skills tailored for portfolio management, ensuring clear and concise information exchange.

• Learn how to implement a communication plan that supports portfolio management activities and stakeholder engagement.

• Understand the role of a Portfolio Manager in the creation and maintenance of a portfolio management plan.

• Prepare for the PfMP certification exam by covering the key concepts and knowledge areas required for the credential.