PMI Announces a New Professional Credential for Portfolio Managers

PMI has announced that they are developing a new professional credential: Portfolio Management Professional (PfMP).  As you might guess from the name, this certification is directed toward project portfolio managers. For more information on eligibility, check the PfMP Certification page on the PMI web site.

PMI says that the PfMP Exam Content Outline will be made available later this month, and they expect that the pilot test will be available late in 4Q13.  At a guess, the Standard for Portfolio Management, Third Edition will likely be a key resource.  However, I expect that PMI will list a number of other references.

Note that nearly four years after it was introduced, there are only 939 active holders of the Program Management Professional (PgMP) credential.  I don’t know how many portfolio managers PMI expects to attract with this credential, but I’ll bet the initial interest will come almost entirely from people who already hold two or more PMI certifications.  I’ll report on this again later in the year, as news becomes available.