Top 8 Benefits of PfMP Certification

The Portfolio Management Professional (PfMP) certification is an exclusive certification offering from the Project Management Institute. PfMP certification holders are appreciated for their advanced experience and the skills required to manage and line up a portfolio of projects and programs to receive organizational strategy and objectives.

The Portfolio Management Professional (PfMP) certification signifies your advanced competency in the coordinated management of one or more portfolios to achieve strategic objectives. Companies with mature project portfolio management practices complete 35 percent more of their programs successfully.

Portfolio Management Professional certification is for executive or senior-level managers who lead portfolio projects for an organization.

Prerequisites: The applicant must have a bachelor’s degree or the global equivalent and three years of specific experience in Project Portfolio Management. Individuals with an associate's degree or high school diploma must have at least five years of Project Portfolio Management experience.  

Portfolio Management Professional (PfMP) certification focuses on domain listed below:

• The strategic alignment domain
• The governance domain
• The portfolio performance domain
• Portfolio risk management
• Project portfolio communications management 

With the increasing competition in the industry, businesses have realized that portfolio management is the most practical way to assure that projects deliver expected outcomes. This has increased the need and demand for professional expertise regarding PfMP certification to mobilize knowledge and resources.

PMI’s PfMP certification is considered the epitome of management certification is confirming “advanced competency in the coordinated management of one or more portfolios to achieve strategic objectives.” Provided with a PfMP credential, you can have a significant impact on decision making in your organization.

“Formal portfolio management is the most effective way to implement strategic initiatives because it bridges the gap between strategy and implementation.” as the Project Management Institute (PMI) puts it.

PfMP Certified holder is more adept at measuring the risks, benefits, analyzing the feasible options and regulating them with the organizational core policy. Portfolio Management is important for an organization as it will benefit to organize, prioritize and finance the projects.

PMI’s Portfolio Management Professional (PfMP) certification will improve your marketability as an employee with the information and ability to succeed at correct policy decisions. In short, Portfolio Management Professional is more than just “doing the work right,” it knows how to do the “right work.”

Holding a PfMP certification is a great way to put yourself in senior administration positions. Jobs that post a PfMP as a requirement are hardly advertised in public forums, and it’s unbelievable that you will find these openings listed on a typical job portal. Such positions are almost always filled via references or internally.

For aspiring Portfolio Managers, the PfMP certification can prove to be a golden opportunity to showcase their expertise to the organization. A PfMP Certification certifies the professional’s expertise about the subject and proves his/her ability to manage various projects. At the same time, it distinguishes the practitioners from their non-credentialed peers.

PfMP certification is one of the globally appreciated certifications in Portfolio Management practice. As the PfMP certification is the most elite PMI certification, credential holders will gain a distinct advantage in employment and promotional opportunities over their peers.

The Portfolio Management Professional (PfMP) certification is not based on one particular methodology, so they’re malleable and versatile. You can directly transfer them between industries, market segments, and geographic locations.

Besides making your office work effective, Portfolio Management professional certification will increase your visibility and become recognized within your organization and peer circle. PfMP Certified Program Managers earn 20% more salary than Portfolio Managers not having PfMP Certification. The average PfMP salary in the US is $74,500– $100,000, but this range varies based on experience, position, location, and certification status.