Portfolio Management Professional (PfMP)
PMI

Portfolio Management Professional (PfMP)

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Duration

4 Days

Certified Instructor

Course Id

nextecPM802

Course Description

Course Overview

The Portfolio Management Professional (PfMP) course is designed to provide professionals with the knowledge and skills required to effectively manage portfolios of projects and programs. The PfMP certification is globally recognized and validates an individual’s expertise in aligning portfolio management with organizational goals, optimizing resource allocation, and maximizing strategic benefits. This course covers advanced portfolio management concepts, methodologies, tools, and techniques essential for successful portfolio planning, execution, governance, and stakeholder management.

Prerequisites

To enroll in the PfMP course, participants should meet the following prerequisites:

  • A secondary degree (high school diploma or equivalent).
  • A minimum of eight years of professional business experience.
  • A minimum of six years of portfolio management experience. OR
  • A four-year degree (bachelor’s degree or equivalent).
  • A minimum of eight years of professional business experience.
  • A minimum of four years of portfolio management experience.

Methodology

The PfMP course employs a comprehensive and interactive learning approach. It combines theoretical instruction, case studies, group discussions, and practical exercises to enhance participants’ understanding of portfolio management principles and best practices. The course incorporates online resources, study materials, and practice exams to help participants prepare for the PfMP certification exam.

Course Outline

  • Introduction to Portfolio Management
  • Definition and significance of portfolio management
  • Portfolio management process groups
  • Roles and responsibilities of a portfolio manager
  • Strategic Alignment
  • Linking portfolio management with organizational strategy
  • Strategic planning and portfolio selection
  • Benefits realization and alignment with business objectives
  • Portfolio Governance
  • Establishing portfolio governance frameworks and structures
  • Decision-making processes and governance boards
  • Performance measurement and reporting
  • Portfolio Planning
  • Defining portfolio objectives and success criteria
  • Prioritizing and categorizing portfolio components
  • Portfolio risk assessment and mitigation strategies
  • Portfolio Execution and Control
  • Portfolio resource allocation and optimization
  • Monitoring portfolio performance and benefits realization
  • Change control and portfolio adjustment techniques
  • Portfolio Risk Management
  • Identifying and assessing portfolio risks
  • Risk response planning and mitigation strategies
  • Portfolio risk governance and monitoring
  • Portfolio Stakeholder Management
  • Stakeholder identification and analysis
  • Stakeholder engagement and communication strategies
  • Managing stakeholder expectations and conflicts
  • Portfolio Communication Management
  • Developing portfolio communication plans
  • Information dissemination and reporting
  • Effective communication strategies for portfolio success
  • Portfolio Value Management
  • Value identification and mapping
  • Value realization planning and tracking
  • Portfolio performance evaluation and continuous improvement
  • Outcome
  • Upon completion of the PfMP course, participants will be able to:
  • Understand advanced portfolio management principles, frameworks, and methodologies.
  • Align portfolio management with organizational strategy and objectives.
  • Effectively plan, execute, and control portfolios of projects and programs.
  • Optimize resource allocation and prioritize portfolio components.
  • Lead and manage portfolio teams and stakeholders.
  • Identify, assess, and mitigate portfolio risks.
  • Successfully pass the PfMP certification exam.

Labs

The PfMP course includes practical labs to provide participants with hands-on experience and reinforce learning. Some of the lab activities may include:

  • Developing a portfolio charter and value realization plan based on a provided case study.
  • Establishing portfolio governance structures and designing performance measurement frameworks.
  • Conducting stakeholder analysis and developing stakeholder engagement strategies.
  • Creating a portfolio communication plan and delivering a portfolio status report.
  • Performing a risk assessment and developing a portfolio risk response plan.

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