Portfolio Management Professional (PfMP)

PMI has announced the development of their new The Portfolio Management Professional (PfMP)™ credential. The PfMP will be role-based and will require successfully demonstrating experience and education, as well as passing an exam and completing a multi-tier evaluation. Ongoing professional development will be required in order to maintain the credential.

The focus of portfolio management is on aligning the investment of projects/programs with organizational strategy. This credential will be targeted for a seasoned practitioner, who has four to seven years of project portfolio management experience and at least eight to ten years of general business experience.

In the build up to the launch of the credential, this month, PMI will begin its communication about the development of this new credential and recruiting applicants for the pilot phase. PMI plans to formally start accepting pilot phase applications in October 2013 and to administer the first exam for the pilot by the end of December 2013. The full launch of the credential will likely be in the second quarter of 2014.

We will keep you posted as more information becomes available from PMI or you can visit: http://www.pmi.org/Certification/Portfolio-Management-Professional-PfMP.aspx

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