Project Management Institute (PMI) recently announced that a new Portfolio Management Professional (PfMP) certification would be available later this year. This is very exciting since PMI had released their 3rd edition of the Portfolio Management standard yet had not made a certification previously available in portfolio management. The eligibility requirements are steeper than the PMP.
“PfMP Eligibility Overview
To apply for the PfMP, you need to have either:
A secondary degree (high school diploma, associate’s degree, or the global equivalent), with at least seven years (10,500 hours) of portfolio management experience within the past 15 consecutive years.
A four year degree (bachelor’s degree or the global equivalent), with at least four years (6,000 hours) of portfolio management experience within the past 15 consecutive years.
Since portfolio management focuses on strategic investment matters and high level organizational decisions, it is pertinent to have a foundation of professional business experience. All applicants must possess a minimum of eight years (96 months) of professional business experience.
The PfMP Exam Content Outline is expected to be made available by September 2013. Applications are expected to be made available in Q4 2013. The first opportunity to test during the pilot is expected to be late Q4 2013.”
I can’t wait for the Portfolio Management Professional certification to be officially available.
My personal approach is to right-size portfolio management processes to fit an organization's culture and maturity to be effective without creating a bureaucracy. Please contact me if you would like to know more about how project portfolio management (PPM) can help your organization achieve its strategic goals.
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