Is PfMP Certification Worth It

1
Is PfMP Certification Worth It
Applying management practices to a collection of
programmes, projects, and operations in order to
achieve strategic business objectives is known
as portfolio management or PfMP Certification.
The goal of portfolio management is to coordinate
projects within the portfolio in order to
achieve the organization's overall objectives. It
goes beyond merely ensuring profitability.
2
Who can get a PfMP Certification?
On the PfMP website, there is a list of academic
and professional prerequisites. 84 months of
portfolio management experience and 96 months of
professional business experience within the last
15 years are required for applicants with
secondary education, a high school diploma, an
associate degree, or a worldwide
equivalent. Candidates must have 48 months of
portfolio management experience and 96 months of
professional business experience in the previous
15 years if they hold a four-year degree, a
bachelor's degree, or the international
equivalent. It might also lead to discussion
about the importance and worth of project
managers. Examine your financial situation before
deciding whether to forego certification. If
you don't put up the effort to receive your
certification now, more planners and schedulers
will likely obtain it in the future, which could
result in you losing your job.
3
How PfMP Certification helps in a career?
The PfMP certification should be attained by
professionals who are in charge of overseeing a
portfolio of projects. Through the projects they
manage, these professionals are crucial in
translating the company's strategic goals into
useful results. The PfMP certificate recognises
advanced proficiency, competence, and performance
in leading and coordinating a portfolio of
projects and initiatives to meet organisational
goals. Holders of the PfMP certificate are in
charge of ensuring the success of one or more
portfolios, juggling competing demands across
projects and programmes, and allocating resources
in accordance with organizational objectives and
capacity. This is viewed as a vital resource or
source of information by many employers. It does,
however, increase your trust in project
management, that much is certain. As a Portfolio
Manager, you are better able to handle and manage
your portfolios with this knowledge, which
benefits your stakeholders and consumers.
Additionally, they start to have a lot of faith
and confidence in you, which creates a vicious
cycle where stakeholders collaborate with you to
achieve portfolio objectives.
4
Benefits of PfMP Certification
The PfMP is the most esteemed qualification
offered by the PMI for portfolio managers.
Employers want portfolio managers to support the
strategic objectives of the company. PfMP
certificate holders will significantly outperform
their peers in terms of their opportunities for
employment and career growth. Project managers
with the Project Management Professional
certification have better skills for ensuring the
success of projects. The project managers who
have earned this qualification are also aware of
the time and effort required to do so. If you
hold a PMP certification, you are required to
earn at least 60 professional development units,
or PDUs, every three years. Your dedication to
continue your education in your field is
demonstrated by these units. The phrase "project
management professional certification"
immediately piques your curiosity, and you grow
to trust and comprehend project managers who
have earned the PMP certification. In contrast,
the absence of a validated marketing strategy
could cast serious doubt on prior project
management experience as a planner, scheduler, or
in another capacity.
5

• The responsibilities and results of PfMP
  Certification Training
• Following the PfMP Certification Training, you
  will be able to gain a solid understanding of the
  following
• Position and Tasks of the Portfolio Manager
• Preparation for the PfMP Certification Exam for
  the Strategic Alignment of Projects Exam
• Better Project Management than those without
  certification
• Portfolio Risk Management in Advance
• Management of Project Communications Portfolio
  Performance Measures

Worth of PfMP Certification in career
opportunities
The Portfolio Manager and its Governance body may
choose to stop using a component or add a new one
as needed. It's not the same as, say, a
programme or a project. Each position has a
unique set of talents that effectively complement
the others. Most of them desire to change
careers and see certification as a great method
to do so. In fact, demand for the certification
is rising as more businesses realize how
beneficial the credential is. Additional factors
include evidence of professional success. For the
purpose of becoming
6
recognised in the project management community,
many professionals pursue PfMP accreditation.
Additionally, it gives project managers a
competitive advantage. Obtaining a certification
equips you with the knowledge you need to perform
better. Learning could come in the form of
tried-and-true great practices or a set of
scientific tools and techniques that you can
apply in numerous portfolio settings and
situations. As a result, after passing the
certification exam, you essentially have the
knowledge required to manage a portfolio
effectively. Are you aware of the discrepancies
between what you did and how other qualified
portfolio managers handled similar
circumstances? For instance, a portfolio has
substantially higher stakespossibly in the
millions of dollars. When you manage your
portfolio properly, you not only save millions
of dollars but also have a chance of saving the
business.
Prior to obtaining a PfMP Certification
It is impossible to exaggerate the significance
of your PfMP application. A lengthy journey is
just getting started. You must explain your
personal, academic, and professional backgrounds
as well as your experience with portfolios and
portfolio management.
7
Conclusion
Your application could succeed or fail based on
how you present the data. To pass the Panel
Review, you can refer to the peer PfMP
Application Support Pack. Your effort will be
reduced, your chances of success will increase,
and the time it takes for your application to be
approved will all be shortened. You have three
chances to succeed in the panel assessment with
PMI.
The PMP certification is a wise investment if you
plan to work in project management long-term or
for an extended period of time. This will show
your dedication and willingness to keep your
employment for the long term. All standards for
response to safety, quality, and the environment
are closely supported by PMP Certified Project
Managers. Your job will benefit greatly from a
PfMP certification, and you will have better
prospects overall.