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Exam Code: PfMP
Exam Name: PMI Portfolio Management Professional
Number of Questions: 170 (including 20 un-scored pretest questions)
Duration: 4 hours (240 minutes)
Passing Score: Determined through psychometric analysis (no fixed percentage).
Exam Delivery: Computer-based testing (CBT) at Pearson VUE test centers or online proctored.
Certification Body: Project Management Institute (PMI)
Target Audience: Senior portfolio managers, executives, and decision-makers
Focus: Strategic portfolio management, governance, and alignment with business objectives
Prerequisites: Significant experience in portfolio management (see eligibility criteria below)

1. Strategic Alignment (25%)
- Ensure portfolio alignment with organizational strategy.
- Evaluate and prioritize components based on strategic value.
- Balance portfolio components to optimize strategic benefits.
- Monitor and report on portfolio strategic alignment.

- Strategic goals
- Business case
- Benefits realization
- Value optimization
- Governance framework
- Strategic objectives
- Key Performance Indicators (KPIs)
- Portfolio roadmap

2. Governance (20%)
- Establish portfolio governance structure.
- Define decision-making authority and escalation paths.
- Monitor compliance with organizational policies.
- Ensure transparency and accountability in portfolio decisions.
- Governance model
- Decision rights
- Portfolio review board
- Compliance monitoring
- Risk appetite
- Policy adherence
- Stakeholder engagement
- Audit and oversight

3. Portfolio Performance (25%)
- Define portfolio performance criteria.
- Monitor and report portfolio performance.
- Optimize portfolio value delivery.
- Manage portfolio risks and issues.
- Performance metrics
- Return on Investment (ROI)
- Value measurement
- Risk-adjusted returns
- Portfolio dashboards
- Trend analysis
- Benefit sustainment
- Resource optimization

4. Portfolio Risk Management (15%)
- Identify and assess portfolio risks.
- Develop risk response strategies.
- Monitor and control portfolio risks.
- Communicate risk exposure to stakeholders.
- Risk appetite
- Risk tolerance
- Risk mitigation
- Contingency planning
- Risk aggregation
- Risk escalation
- Monte Carlo simulation
- Risk-adjusted backlog

5. Communications Management (15%)
- Develop a portfolio communication plan.
- Manage stakeholder expectations.
- Report portfolio status and performance.
- Ensure effective information dissemination.
- Stakeholder analysis
- Communication matrix
- Portfolio reporting
- Change communication
- Influence strategies
- Information radiators
- Feedback loops
- Executive summaries