PfMP Certification: Things to Know Before You Become a Portfolio Manager

PfMP Certification: Things to Know Before You Become a Portfolio Manager

What Is Portfolio Management?

Portfolio management is the art and science of making decisions about investment mix and policy, balancing investments to objectives, asset allocation for people and institutions, and balancing risk against performance.

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Portfolio management is all about learning strengths, weaknesses, opportunities, and threats in the choice of debt vs. equity, growth vs. safety, domestic vs. international, and many other trade-offs found in the effort to maximize return at a given appetite for risk.

Who is a Portfolio Manager?

An individual who knows the client’s financial requirements and designs a proper investment plan as per his income and risk-taking abilities are called a portfolio manager. A portfolio manager is one who invests on behalf of the client.

A portfolio manager advises the clients and tells him the best potential investment plan which would guarantee maximum returns to the individual.

A portfolio manager must know the client’s financial goals and objectives and offer a tailor-made investment solution to him. No two clients can have the same business requirements.

Need for Portfolio Management

Portfolio management presents the best investment plan to the individuals as per their income, funds, age, and ability to tackle risks.

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Portfolio management reduces the risks associated with investing and also increases the chance of making profits.

Portfolio managers know the client’s financial needs and suggest the best and many investment policies for them with minimum risks involved.

Portfolio management enables the portfolio managers to implement customized investment solutions to clients as per their demands and requirements.

What is the PfMP Certification?

PfMP Certification is one of the most successful PMI certifications that are in demand in any the industry right now. And it is not easy to get one. Your best weapon as of this moment is to prepare for both the qualification process and the exam.

The PfMP certification is perfect for executive or senior practitioners managing project and program portfolios that are arranged with the strategy of the organization.

Prerequisites for PfMP Certification

The requirements include in the last eight years of business experience. Educational attainment range from a high school diploma to an associate’s or bachelor’s degree.

The high school diploma must include 10,500 hours of PfMP experience and 6,000 hours for bachelor graduates.

A panel will review you first before moving to the PfMP exam; they will evaluate your professional experiences and skills and will determine if you are legible for the PfMP certification exam.

Read: Top 8 Benefits of PfMP Certification

This also let the panel know the key points and criteria for exam eligibility.

Attend Portfolio Management Professional (PfMP) exam preparation course and be on your way to sit and pass the PfMP certification exam from PMI. The PfMP certificate implies your advanced competency in the coordinated management of one or more portfolios to achieve strategic objectives.

As a PfMP, you will be approved for your pivotal role in the realization of strategy and recognized as an authority who can enhance portfolio management maturity at your organization.

Preparation Tips | Portfolio Management (PfMP) | Certification

Formal portfolio management is the most efficient way to implement strategic initiatives because it bridges the gap between strategy and implementation.

By attending this PfMP Certification, you will be provided with the knowledge and skills to effectively navigate the portfolio management discipline, including all domains, concepts, processes and tasks of The Standard for Portfolio Management 3rd Edition.

Align your portfolio management experience with PfMP specification as well as know the steps required to complete your exam application and reach the required criteria.

All members will be supplied with customized course materials including a certified copy of PMI’s Standard for Portfolio Management 3rd Edition, and sample questions and answers that will build your faith and raise your possibilities of passing the PfMP exam on your first attempt.

PMI PfMP Exam Summary

Exam Name Portfolio Management Professional
Exam Code PfMP
Exam Fee Member USD $800
Exam Fee Non-member USD $1,000
Exam Duration 240 Minutes
Number of Questions 170
Passing Score Above Target / Target / Below Target / Needs Improvement
Format Multiple Choice Questions

PMI Portfolio Management Syllabus Topics

  1. Strategic Alignment (25%)
  2. Governance (20%)
  3. Portfolio Performance (25%)
  4. Portfolio Risk Management (15%)
  5. Communications Management (15%)

Key Takeaways

Portfolio management is the act of building and maintaining an appropriate investment mix for given risk tolerance.

The critical factors for any portfolio management strategy involve asset allocation, diversification, and rebalancing rules.

Active portfolio management aims to ‘beat the market’ through identifying undervalued assets, often through short-term trades and market timing.

Passive portfolio management seeks to replicate the broader market while keeping costs and fees to a minimum.

The PfMP Certification Preparation Process

There are various resources to study and prepare for the PfMP certification exam, as well as training or seminars for further education and knowledge. You can consult PfMP certified individuals who are earning their way to the senior or managerial ladder.

Just like the rest of the PMI-based certifications, PfMP certification focuses on candidates who need to perform regular analysis and management of portfolio aspects to determine the risks, issues, and room for improvement. It may be a long and valuable process, but keep in mind that it is an investment that will aid you towards your career in the long run.

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Suggestion to PfMP Aspirants

  • Prepare your notes, if possible audio notes to use your travel time effectively.
  • Keep Questions and Answers handy in both mobile and hardcopy, this boost the possibilities of taking more questions.
  • Take at least 4 hours full length 1 to 2 full practice test before the exam.
  • Please arrive at Prometric for 1 hour before the exam.
  • Prepare yourselves better, as you cannot spend time for bio-break or food in between 4 hours
  • At least three times of PfMP standard walkthrough is better.
  • This will assist you in cracking stakeholder, communication, cost, Risk management topics in the PfMP exam.
  • Don’t hesitate to Speak with your mentor or forum friends when you feel tired before the exam, and this will help you get aligned with your goal.
  • Have a pocket note to capture the doubt areas when you think of PgMP during the day and organize the same.
  • During the exam, Calm, firm, and center yourselves. Be decided not to pay attention to emotions, work one topic at a time with full responsibility.
  • Target not to mark more than 15 questions for next review during the exam. Usually, you won’t have time for answering questions.
  • You rarely get straight forward questions on Artefacts and Input tools and techniques.
  • Most of the items are scenario-based, and therefore, we need to develop the understanding to edge out the noise in the issues and answer options.
  • More questions we attend before the PfMP exam, we will get better provided to map the question part and answer option part to standard.
  • Senior management discussions in every form will be helpful.
  • Paying attention to this will aid you to choose an answer from a strategic perspective and not just tactical solutions expected from PMP.

I wish you Good Luck to all…!!!

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