PfMP

PfMP stands for Portfolio Management Professional. It is a credential offered by the Project Management Institute (PMI). The PfMP certification recognizes individuals who demonstrate expertise in managing and aligning an organization's strategic objectives through the effective management of its portfolios. A portfolio is a collection of projects, programs, and other work that are grouped together to achieve strategic objectives.

Earning the PfMP credential signifies a high level of knowledge and experience in portfolio management principles, practices, and tools. Candidates are assessed on their ability to define, develop, and maintain portfolio management processes, as well as their understanding of how portfolios contribute to organizational success. The certification requires a significant amount of experience in portfolio management and passing a rigorous examination.

Portfolio management is distinct from project and program management. While project and program management focus on delivering specific outcomes, portfolio management takes a broader, strategic view. It involves selecting the right projects and programs, prioritizing them based on strategic alignment and resource availability, and continuously monitoring their performance to ensure they collectively contribute to the organization's overall goals. PfMP certified professionals are expected to be adept at navigating complex organizational environments, managing stakeholder expectations, and making informed decisions about resource allocation and strategic investments.