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Last Update : December 20, 2024
Latest Question & Answers : 495
Exam Question Provider : PMI
Certification Exam Name : Portfolio Management Professional, PfMP,
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Earning the prestigious Portfolio Management Professional (PfMP) certification from PMI significantly boosts your marketability and opens doors to exciting opportunities. Achieving this recognized credential expands your career options and increases your earning potential. ExamPrince practice tests provide the most efficient way to prepare for and pass your Portfolio Management Professional (PfMP) exam on the first try.
To earn the Portfolio Management Professional (PfMP) certification, you'll need to pass the relevant exam offered by PMI.
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The PMI PfMP Exam is designed to assess the knowledge and skills of portfolio managers. It tests the ability to manage and align portfolios with organizational strategy, ensuring that the right projects and programs are selected and executed to deliver maximum value.
The PMI Portfolio Management Professional (PfMP) certification recognizes the advanced experience and skill of portfolio managers. It demonstrates their proven ability in the coordinated management of one or more portfolios to achieve organizational objectives.
The PMI PfMP Exam consists of 170 multiple-choice questions.
PMI does not disclose the exact passing score for the PfMP Exam. The score is determined by sound psychometric analysis.
The PfMP Exam requires a high competency level in portfolio management, including strategic alignment, governance, performance management, communication management, and risk management.
The PMI PfMP Exam consists of multiple-choice questions.
The PMI PfMP Exam can be taken at a Pearson VUE test center or online through a proctored exam.
The PMI PfMP Exam is offered in English.
The cost of the PMI PfMP Exam is $800 for PMI members and $1,000 for non-members.
The target audience for the PMI PfMP Exam includes experienced portfolio managers responsible for overseeing multiple projects and programs to achieve strategic objectives.
The average salary for a PMI PfMP certified professional varies widely based on location and experience but generally ranges from $120,000 to $150,000 per year.
The testing provider for the PMI PfMP Exam is Pearson VUE.
The recommended experience for the PMI PfMP Exam includes at least eight years of professional business experience and a minimum of four years of portfolio management experience.
Prerequisites for the PMI PfMP Exam include a secondary degree (high school diploma, associate’s degree, or the global equivalent), 10,500 hours of portfolio management experience, and 8 years of professional business experience. Alternatively, a four-year degree, 6,000 hours of portfolio management experience, and 8 years of professional business experience.
PMI has not announced an expected retirement date for the PfMP Exam.
The roadmap for the PMI PfMP Exam involves meeting the prerequisites, applying for the exam, passing the panel review, and then passing the multiple-choice exam.
The PMI PfMP Exam covers topics such as strategic alignment, governance, portfolio performance management, portfolio risk management, and portfolio communication management.
Sample questions for the PMI PfMP Exam can be found on the PMI website or through various study guides and practice exams available online.
The difficulty level of the PMI PfMP Exam is considered to be high due to the advanced level of knowledge and experience required in portfolio management.
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