Portfolio Management takes center stage with PMI’s new PfMP credential

Posted by lward on Feb 17, 2022 in PMChat Bloggers, Uncategorized | 0 comments

In a credential crazed world look out because here comes another one. The Project Management Institute (PMI) recently announced its new Portfolio Management Professional (PfMP) credential. And, in my view, it’s about time. In an age where Baby Boomers like myself are looking to retire (we’re looking to retire, it might not be there yet!), balance sheets of corporations are flush with cash, yet spending on professional development is very tight, and certainly there’s as lot more work to do than people to do it, the ability to select the most high-valued projects in an organization has never been more important. But managing a portfolio of projects and programs is much different than managing a financial portfolio (even though it really is a financial portfolio). In financial portfolio management (e.g., stocks, bonds, CDs, alternative investments) a reasonable investor, such as myself, expects that at any given point in time there will be certain components of that portfolio that will be doing very well, while other parts of that portfolio will be lagging. In fact, professional money managers strongly suggest that an investor select investments that are not correlated with one another.

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Portfolio Management takes center stage with PMI’s new PfMP credential