Below are the certifications offered by PMI institute. We will talk about PfMP here.
Portfolio Management refers to the consolidation of all divisional activities in order to ensure the coordination between strategic objectives and business operations. Portfolio Managers are responsible for handling multiple profiles and ensuring the implementation of all managerial decisions. Portfolio Management Professional (PfMP) certifies that a senior practitioner is skilled enough to align all the projects, programs and assignments to deliver the expected results with utmost proficiency.
It is recommended that the senior-level managers practicing portfolio management and having the required experience to perform the duties shall get this certification along with management accountants and delivery heads. Portfolio managers generally plan on applying for PfMP certification as it is the acknowledgment of superior skills and exceptional management competence in terms of portfolios.
The overall cost for the certification depends upon the PMI membership status of the candidate. Moreover, it is also dependent upon whether the examination is center-based or paper-based.
Center-Based Testing (CBT)/ Paper-Based Testing (PBT)
US$800.0 (Member) | US$1,000.0 (Non-member)
Similar to PMP and PgMP certifications, PfMP certification is also valid for exactly three years from the date of the certification. For instance, Paul got his certification on 10 July 2018, then it will be valid until 10 July 2021. However, the credential can be renewed by accruing 60 Professional Development Units (PDU) and paying the renewal fee.
Owing to the level of complexity of the exam, it takes a considerable amount of time to prepare for the exam thoroughly. It is necessary to utilize all the available study aids for about one and a half months with 4-5 hours of study each day to excel in the exam.
For more details, log on to official PMI Website.