PfMP Exam Preparation

  • 3 day(s)Duration
  • 2.1 CEU/21 PDU/Credits/Units
  • MDP1076Course Code
  • send to printer

Course description

If project and program management are disciplines for doing the work right, portfolio management is the discipline for doing the right work. Portfolio managers oversee a collection of projects, programs, and other activities that are grouped together to meet strategic business objectives. The practice of portfolio management is integral to the implementation of an organization’s overall strategic plan.

The Standard for Portfolio Management offers the most up-to-date information on accepted practices in portfolio management and features the inclusion of three new Knowledge Areas: Portfolio Strategic Management, Portfolio Performance Management, and Portfolio Communication Management.

This highly interactive course will provide you with the knowledge you will need to pass the PfMP® exam and demonstrate your competence in both situational and scenario-based questions that are included in the exam.

You must pass a sequence of evaluations to obtain the PfMP credential. This process takes approximately four weeks to complete. The initial evaluation occurs through an extensive application review during which a panel of portfolio managers will assess your professional experience based on the responses to the Portfolio Management Experience Summaries provided on the application.

The next step occurs with the multiple-choice examination in which you will be called upon to demonstrate your competence in both situational and scenario-based questions.

Who should attend

Individuals who will benefit from this course include project and program managers who have advanced experience, skill, and performance necessary to manage and align a portfolio of projects and programs to realize organizational strategy and objectives.

PfMP credential holders oversee the success of one or more portfolios, balance conflicting demands between programs and projects, and allocate resources based on organizational priorities and capacity.

What you will achieve

  • Define the PfMP® Exam — five performance domains.
  • Describe portfolio management and how it relates to business strategy.
  • Develop a stakeholder communications strategy matrix.
  • Integrate portfolio processes and organizational strategic planning.
  • Implement the portfolio management process.
  • Identify organizational influences.
  • Align process group interactions.
  • Explain and manage strategic change.
  • Analyze portfolio balancing.
  • Create data flow diagrams.
  • Explain the purpose of portfolio risk management.
  • Conduct a communications requirements analysis.

What you will learn

Course Outline
Module 1: Opening — Tips
  • Course Overview
  • Course Goal
  • Course Objectives
  • Course Delivery Strategy
  • PfMP® Exam
Module 2: Key Concepts in Portfolio Management
  • What is Portfolio Management?
    • Key Points About These Definitions
  • Portfolio, Program, and Project Management Interactions
    • Portfolio Components — Common Features
    • Projects, Programs, Portfolios
  • Test-Taking Tips
    • Sample Test Questions
Module 3: Portfolio Strategic Management
  • Inputs, Tools and Techniques, Outputs
  • Data Flow Diagram
  • Inputs and Tools and Techniques
  • Output: The Roadmap
    • Roadmap Example
  • Test Taking Tips
    • Sample Test Questions
Module 4: Governance
  • Tools and Techniques Overview
    • Portfolio Component Inventory
    • Component Categorization
  • Weighted Ranking and Scoring — 3
  • Outputs — Updates
  • Test-Taking Tips
  • Sample Test Questions
  • Module 5: Portfolio Performance Management
    • Portfolio Performance Management Purpose
    • Examples of Measures
      • Project / Program Attributes
      • Value, Benefits, Progress
    • Test-Taking Tips
      • Sample Test Questions
    Module 6: Portfolio Risk Management
    • Portfolio Risk Management Purpose
      • Definitions
      • Objectives
      • Examples of Risk Conditions
      • Other Concerns
    • Five Key Elements
    • Types of Risks
    • Perspectives on Risk Management
    • Test-Taking Tips
      • Sample Test Questions
    Module 7: Portfolio Communications Management
    • Portfolio Communications Management Purpose
      • Develop Portfolio Communications Management Plan
    • Portfolio Communications Management
      • Tools and Techniques — Stakeholder Analysis
      • Types of Stakeholders
      • Stakeholder Communications Strategy Matrix
      • Elicitation Techniques
    • Communications Requirements Analysis
      • Communication Matrix
      • Communication Plan Contents
    • Test-Taking Tips
      • Sample Test Questions
    Module 8: Practice Exam and Questions