frequently-asked-questions-faqs-pfmp-live-lessons-course-and-pfmp-online-exam-prep
This is in continuation of the following posts:
- PfMP Live Lessons – Guaranteed Pass or Your Money Back
- PfMP Online Exam Prep – With Full Money-Back Guarantee
- Course Comparison – PfMP Online Exam Prep Vs. PfMP Live Lessons, Guaranteed Pass
These are the frequently asked questions (FAQs) on ManagementYogi’s PfMP Online Exam Prep and PfMP Live Lessons courses. In this post, I’ve tried to answer as many questions as I can for both the above courses.
If you have any other questions, please send a mail to managementyogi@gmail.com.
Question – 1: Is Project Management Professional (PMP®) mandatory to be a Portfolio Management Professional (PfMP®)?
Answer: This, perhaps, is one of the most frequent questions I receive. The short answer is NO.
It’s not mandatory to be a PMP (or PgMP®) to be a Portfolio Management Professional (PfMP). You can directly go for the PfMP certification. This is also noted in the PfMP handbook, albeit tacitly. I’ve seen professionals who went directly for PfMP and successfully cleared it.
Along with education (secondary diploma or bachelor’s degree) and business work experience of 8 years, you need to have 48 months (for bachelor’s degree) or 84 months (for secondary diploma) of portfolio management experience.
Question – 2: What standards, books or guides etc. are followed in both the courses – PfMP Live Lessons and PfMP Online Exam Prep?
Answer: The main standard followed is the Standard for Portfolio Management from Project Management Institute (PMI®). Both the courses are compliant with this standard. In addition, there are a number of reference books, which are used while preparing the courses.
The PfMP Live Lessons course also refers to the Risk Management Standard in Portfolios, Programs and Projects, the Standard for Program Management Standard and the PMBOK Guide, whenever needed.
It’s pertinent to note that the PfMP exam will be based on the Exam Content Outline (ECO). Both the courses diligently follow the domains and tasks as outlined in the ECO.
Question – 3: What are the applicability and validity of these courses?
Answer: Both these courses for Portfolio Management Professional (PfMP) exam are based on the Standard for Portfolio Management.
PfMP Online Exam Prep: The price of the course is $299 USD (Rs 25,549) for 6 months access or $449 (Rs 38,549) for 1-year access. The duration of the course is for 6 months or 1-year from the date of purchase.
PfMP Live Lessons: The price of the course is $499 USD (Rs 42,449) for 6 months access or $749 (Rs 63,669) for 1-year access. The duration of the course is for 6 months or 1 year from the date of purchase.
Question – 4: What are the durations and number of videos for these courses?
Answer: Both these courses have the necessary and needed content to prepare well for the PfMP exam.
PfMP Online Exam Prep: The course has a duration of 12 hours (approx.). It has 188 videos with the needed coverage. Considering all (lesson-end questions, full-length Q&A sets), the total learning will be over 30 hours.
PfMP Live Lessons: The course has a duration of 27 hours (approx.). It has 380 videos with exhaustive coverage. Considering all (lesson-end questions, full-length Q&A sets), the total learning will be over 60 hours.
Question – 5: What are full money back guarantees for these courses?
Answer: Both these courses come with full money back guarantees.
PfMP Online Exam Prep: This course comes with a full money back guarantee for 15 days. Entire course content with all questions will be available to you. You can evaluate the course for 15 days. If you don’t like the course, I’ll refund your full money.
To know more, watch this video: https://youtu.be/-EcaxtcWJEE
PfMP Live Lessons: This course comes with a full money-back guarantee linked to you passing the PfMP exam. You go through the course and give the exam. In case you couldn’t clear the exam, I’ll refund your full money.
To know more, watch this video: https://youtu.be/Su2YGIJx5as
To know more comparisons between these courses, please refer:
Course Comparison: PfMP Online Exam Prep Vs. PfMP Live Lessons
Question – 6: Does the course PfMP Online Exam Prep provide any contact hours? Is there any requirement for contact hours for the PfMP exam?
Answer: NO. There is no need for any contact hours for your PfMP exam, unlike the PMP, RMP or ACP examinations.
The PfMP Online Exam Prep is not a mandatory contact hours course. It’s a preparatory course for your PfMP exam.
Question – 7: Why should I opt for these courses instead of classroom training?
Answer: Because, these trainings are:
- Convenient - you can learn at your own time with your own speed. You can watch the content as many times as you want.
- Longer duration - 6 months of duration (not just 4 or 5-days of training)
- Low cost - much lower than classroom training.
Also, if you are going for a classroom training, but the training is useless because you understood little to nothing, then where is the value? I've seen many such cases where aspirants suffer.
Question – 8: What is ManagementYogi’s Course Completion Certificate for these courses?
Answer: After you’ve completed the courses (either PfMP Live Lessons or PfMP Online Exam Prep), an end-course assessment will be conducted. Post the assessment, you’ll be eligible to get ManagementYogi’s Course Completion Certificates. You can use this certificate to claim multiple professional development units (PDUs).
A step-by-step document will be shared with you to get the PDUs and you can submit your PDU application to PMI.
Question – 9: Are there any plan of action(s) on how to complete these courses?
Answer: Yes, absolutely. Both these courses come with a plan of action to complete. The plan will be shared with you when you purchase the course. Plans will be different for respective courses of PfMP Live Lessons and PfMP Online Exam Prep.
You will receive a plan of action which illustrates the course structure, hours per individual lessons, number of videos, and number of questions – both lesson end practice questions and full-length questions. Based on it, you have to follow a simple plan on completing the course and take your PfMP exam.
Question – 10: How can you provide PfMP training when not an ATP or REP?
Answer: This is one of the biggest misconceptions that only Authorized Training Partners (ATPs) or Registered Education Providers (REPs) can give PfMP training. It is just not true. PMI clearly informs that there are multiple options to get the training.
- PMI Registered Education Providers (R.E.P.s)
- PMI Authorized Training Partners (ATPs)
- PMI chapters
- Employer/company-sponsored programs
- Training companies or consultants (e.g., training schools)
- Distance-learning companies, including an end-of-course assessment
- University/college academic and continuing education programs
Also, there are no requirements for the contact hours and hence the question of being an ATP or REP does not arise.
Question – 11: What are Evaluation – 1 and Evaluation – 2 for the PfMP exam?
Answer: Simply put following are the details.
- Evaluation – 1 is the Panel Review. It’s an initial evaluation with respect to your submitted application. A panel of portfolio managers will assess your application.
- Evaluation – 2 is the Actual PfMP Exam. Here, you’ll have to take the exam to be PfMP certified. It’s after Evaluation – 1.
You’ll know more about it when you subscribe to either of the courses.
Question – 12: What are 48-84 notations used while filling the PfMP Exam application forms?
Answer: This is a figurative way of saying. It means 48 months of portfolio management experience, if you're a bachelor's degree holder. On the other hand, you need to have 84 months of portfolio management experience, if you're a high-school diploma holder.
Again, you’ll know more about it when you subscribe to either of the courses.
Question – 13: Why should I go with Management Yogi, compared to others?
Answer: Indeed, there are many providers who provide PfMP training.
However, usually they do not have any real-world portfolio management experiences. They work on an aggregator model and have no real contribution of their own with respect to the domain of portfolio and portfolio management. They are primarily focused on high profit. They sell at throwaway prices so that they will get more subscribers and make more money. You don’t get anything of real value.
There are also many providers, who sell the courses at thousands of dollars (at least a thousand dollars or closely in that range). But they don’t actually have the needed capability or expertise.
I’m engaged in portfolio management, continuously writing on it, contribute towards it. The courses are continuously upgraded based on the feedback from successful PfMPs. I’ve also enabled many PfMPs by checking their application forms. I’m primarily focused on your success. With these courses, you have a fair chance of success in clearing the PfMP exam.
So, you decide – whom to choose: Aggregator model with no real portfolio management passion or from someone who is continuously engaged in portfolio management domain and have created many successful PfMPs?
Simply speaking, decide whom would you choose – their high profit (and many times useless training) or your probable success?
You can also compare this course with courses provided by any other provider on these aspects:
- Price
- Quality
- Content
- Coverage
Question – 14: What happens when my application is selected for audit? What will be needed?
Answer: As per Project Management Institute (PMI®), in the event of an audit, the candidate would need to supply proof of the education in the form of a transcript, and/ or a certificate of completion.
PMI can also ask signatures from your supervisor/manager from the projects and/or programs recorded in your application.
The audit happens post the PfMP application submission. PMI audits take time. I’ve also seen it to be completed in a few days.
Question – 15: Will you help if my application is selected for audit?
Answer: Yes, absolutely. You’ll get the support.
Question – 16: Will there be any support if any questions arise during the learning of PfMP course(s)?
Answer: Yes, definitely. Please send an email to managementyogi@gmail.com and your questions will be answered within 3 working days or 72 hours.
This, in fact, is one of the biggest advantages you will have compared to other providers. As they are just course aggregators, they don’t have the domain knowledge. I’ll be involved with you throughout your PfMP journey.
Question – 17: What is your success rate for the PfMP exam, who have taken the courses or classes?
Answer: The success rate of people who have sincerely prepared with the PfMP course and/or content, is high.
The Online Courses have been launched for the first time. These are reflections of my teachings. It has also much more details, e.g.,
- 100s of videos and exercises (one of its kind)
- A number of full-length Q&A set on Portfolio Management
- A number of lesson-end practice questions
- Detailed end course assessment
These are not possible with a classroom course.
I believe these courses will give you better learning, practice for your exam and prepare you well for the PfMP exam. I also believe if you sincerely do this course, your chance of success in the exam is high.
Notes:
- You can evaluate over 2o and/or 25 videos before paying any money, for PfMP Online Exam Prep and PfMP Live Lessons courses, respectively.
- Both these courses come with full money back guarantee, as noted earlier.
Question – 18: How many full-length practice question sets do these courses have?
Answer: The number of full-length question sets for both the PfMP courses are noted below.
PfMP Online Exam Prep: You will get two full-length questions with detailed answers. In total, you have over 400 practice questions, including lesson-end questions.
PfMP Live Lessons: You will get four full-length questions with detailed answers. In total, you have over 1,000 practice questions, including lesson-end questions and Smart Cards.
For more details, please refer:
Course Comparison: PfMP Exam Prep Online Vs. PfMP Live Lessons
If you have any other questions or clarifications, please send a mail to managementyogi@gmail.com. If this course has those features, I’ll inform you with all the details. If it does not, then also, you will be clearly informed. There won’t be any round-about answers, tricky lines or deceptive answers.
PfMP Live Lessons - Guaranteed Pass:
PfMP Online Exam Prep:
Book for PfMP Exam:
