Project Management Institute

Portfolio Management Professional (PfMP)®

IMPORTANT UPDATE

PMI is committed to the safety and well-being of our global community. Resulting from COVID-19, there have been significant changes to certification testing that may impact you. Please refer to our COVID-19 page for the most up to date information and guidance.

At this time, we are experiencing a surge in applications for Portfolio Management Professional (PfMP)®. We ask for your patience as the panel review process may currently take up to 60 days to complete. Our service always continues to remain our top priority, and we continue to look forward to supporting you now and into the future.

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Your organization does the work right. But does it do the right work? As a portfolio manager, your role is essential to ensuring that the answer is “Yes.”

Formal portfolio management is the most effective way to implement strategic initiatives because it bridges the gap between strategy and implementation. Organizations that are effective in portfolio management had 62 percent of products meet or exceed expected ROI according to our 2012 Pulse of the Profession® research. Portfolio managers align projects, programs and operations with strategic objectives, investing resources in the right work to deliver the expected value.

The Portfolio Management Professional (PfMP) signifies your advanced competency in the coordinated management of one or more portfolios to achieve strategic objectives. Organizations with mature project portfolio management practices complete 35 percent more of their programs successfully. They fail less often and waste less money according to our 2015 thought leadership report, Delivering on Strategy: The Power of Project Portfolio Management

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Who Should Apply?

If you’re an executive or senior-level practitioner managing a portfolio of projects and programs aligned with organizational strategy and focused on doing the right work, then the PfMP is the right choice for you.

Gain and Maintain Your PfMP

  • First phase of evaluation is panel review
  • The certification exam has 170 multiple-choice questions and you have four hours to complete it.
  • To maintain your PfMP, you must earn 60 professional development units (PDUs) in portfolio management topics every three years.

Prerequisites

  • All applicants must possess a minimum of 96 months of professional business experience within the last 15 years AND
  • Secondary degree (high school diploma, associate’s degree or the global equivalent)
  • 84 months of portfolio management experience

or

  • All applicants must possess a minimum of 96 months of professional business experience within the last 15 years AND
  • Four-year degree (bachelor’s degree or the global equivalent)
  • 48 months of portfolio management experience

Exam Fee

Member: US$800.00
Non-member: US$1,000.00

For complete information on eligibility requirements, see the PfMP Handbook.

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