Portfolios, Programs and Projects – The NEW Definitions in PMBOK 8th Edition

In the value-delivery system of an organization, all 3 Ps – Portfolios, Programs, and Projects – are integral parts. Interestingly, the definitions of all three have changed in the latest PMI-PMBOK Guide, 8th edition. 

Put differently, in the future it will impact all – aspiring Portfolio Management Professionals (PfMP), Program Management Professionals (PgMP), Project Management Professionals (PMP), and Risk Management Professionals (RMP). Do note that the impact is not immediate, but in the future. 

Definitions are important because they create a clear and shared understanding. Without precise definitions, communication can become confusing or misleading, as people may interpret the same word in different ways. 

In management as in everyday contexts, definitions act as a foundation for learning, discussion, and critical thinking. They help us to organize knowledge, set boundaries for meaning, and ensure that our arguments or explanations are consistent, coherent, clear, and logical. 

In this article, we will explore these concepts in more detail. In organizations, initiatives typically begin at the portfolio level, so we will first examine the definition of a portfolio, followed by those of a program and a project.

Portfolio Definition

Earlier, we had the following definition:

A collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.

Now, the definition is significantly changed: 

A collection of programs, projects, and operations managed as a group to maximize overall value delivery and achieve strategic objectives, meet mandatory obligations, or generate income streams.

There are a few noticeable differences here:

1. Subsidiary portfolios are no longer mentioned, but in reality, it’ll be there!
2. Overall value maximization is emphasized explicitly.
3. Generation of income streams are introduced for the first time. 
4. In addition, it can be also about meeting mandatory obligations, e.g., legal, regulatory or others.

Above all, the continued focus on achieving strategic business objectives is there.  

The "generation of income streams" part is completely new. In fact, it has been added for the first time. In a portfolio context, an organization might run multiple initiatives that each create different income streams, so they’re not dependent on just one source of revenue.

Let’s take an example. You’re running a set of initiatives in a SaaS (software-as-a-service) start-up to get recurring revenue from software tools. These projects, within a portfolio, are not related, but can have some commonalities such as technology being used and hence, part of a portfolio. 

Program Definition

Earlier, we had the following definition:

A group of related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually.

Now the definition is changed to: 

A group of related projects and program activities managed in a coordinated manner to obtain benefits not available from managing them individually. 

Here we have one difference:

1. Subsidiary programs are no longer mentioned, but in reality, it’ll be there!

Programs are always about benefits and hence value. In addition, it's coordinated management of program components to deliver benefits. 

Program has a dedicated domain called Benefits Management, where we do benefits analysis, planning, delivery, transition, and finally, sustainment of benefits. The whole idea of having a program is to have coordinated work in order to deliver benefits/value to organization. 

Project Definition

Earlier the definition of the project was:

A temporary endeavor undertaken to create a unique product, service, or result.

Now the definition has changed and it is: 

A temporary initiative in a unique context undertaken to create value.

This is a real change of words here. The differences are:

1. No longer an endeavor, but an initiative.
2. Context has to be unique.

The initiative word confuses many. It need not be the case. 

As I've written here many times at ManagementYogi, an organization's strategic plan is subdivided into a set of organizational initiatives influenced by the market conditions, customer requests, or obligations etc. to be met. 

Next, a number of initiatives are grouped into a portfolio. In other words, a portfolio can contain proposals for various initiatives such as projects, programs, subportfolios, operations etc. It can also encompass already existing projects or programs within an organization. 

In that sense, the definition of a project is perfectly aligned with portfolio and its management. Because a project is indeed is an initiative within a portfolio. 

The other aspect is the uniqueness of context. It’s possible for two projects to involve constructing two identical buildings, but the context can still differ. For example, the location, technology, and resources may vary between these projects. Isn’t that right? 

The most important one is the final aspect of the definition – creation of value. Project is now about creating value by producing tangible and/or intangible deliverables. 

Figurative Representation 

The following figure outlines portfolios, programs, and projects in an organization.

                                 

As shown above, an organization’s vision, mission and strategic objectives are documented in the strategic plan. This plan is subdivided into a set of initiatives. Initiatives are then grouped into portfolios. 

Portfolios of programs and projects in an organization provide the value delivery system. And, as we just learned, all 3 Ps – Portfolios, Programs and Projects – are about creation, enablement and/or maximization of value delivery.

Conclusion

If you've followed my books and/or used my courses, you'll know that I say the following:

Project creates and delivers. Programs coordinates and guides. Portfolio decides and drives.

For more details, check out this article and also Part 2.

By now, you would have noticed that a shift has occurred across all three Ps toward value delivery. I'll change it from the value delivery perspective. 

Project creates and delivers value. Program coordinates to obtain benefits and value. Portfolio maximizes overall value. 

I can also shorten it further and say:

👉 Project creates value. 

👉 Program coordinates benefits/value. 

👉 Portfolio maximizes overall value.

References:

[1] PfMP Live Lessons - Guaranteed Pass or Your Money Back, by ManagementYogi.com

[2] PMP Live Lessons - Guaranteed Pass or Your Money Back, by ManagementYogi.com

[3] RMP Live Lessons - Guaranteed Pass or Your Money Back, by ManagementYogi.com

What Does it Take to Be a PfMP? If it Were Easy, Everyone Would Do it!

Becoming a Portfolio Management Professional (PfMP) from the Project Management Institute (PMI) requires more than just passing an exam. It demands a strong understanding of portfolio management concepts, the right mindset, and consistent preparation. 

PfMP is PMI's highest-level certification. 

Unlike project or program management, portfolio management is strategic in nature and focuses on selecting and governing the right investments for an organization by choosing the right components in a timely manner. 

As I keep saying:

Projects create. Programs guide. Portfolios decide.

At the portfolio-level, you decide the components to take or drop, the investment to make or cancel, and of course, the strategic business objectives to be met.

Your success in the PfMP journey depends on how well you understand the underlying processes, apply concepts in real-world contexts, and prepare with disciplined practice. 

The following key points provides practical guidance to help you approach your PfMP preparation in a structured and effective way.

There are two assumptions: a) Your application has been approved following PMI's panel review. Management Yogi provides support for it. b) You've decided to prepare for and proceed with the PfMP exam.

The following ones are based on my interactions and experiences with certified PfMPs as well as enabling many professionals to become certified PfMPs over the years. 

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1. Understand the flow of Portfolio Management processes.

In portfolio management, there are multiple process groups, processes as well as knowledge areas. It's easy to get lost with such vast content. 

This is where understanding the flow of processes becomes important. The flow helps you build a mind map and clearly presents the big picture in a narrative way. When you prepare in this manner, you gain a clear understanding of what portfolio management, as illustrated by PMI, is all about.

Most providers of PfMP courses don’t understand this flow, but it is very important. 

2. Learn with hands-on tools whenever you can.

Portfolio management is fundamentally different from program or project management. You need to learn it with a different mindset. 

Using software tools such as Primavera or MS Project adds clarity. With just theory, achieving that clarity is difficult.

In addition, there will be plethora of tools and techniques (T&Ts). Software tools will help you tackle these T&Ts.

3. Use high-quality questions.

In your PfMP exam, questions will be of a high standard. They are situational in nature and will ask what to do next, what you should do, or even, what you should not do! Rote learning will not help. You must understand the concepts.

You can expect confusing, puzzle-like questions. Sometimes they can be frustrating – for example, all choices may seem valid, or the question itself may not be very clear. 

Don’t expect the questions to be grammatically perfect or linearly structured. They are designed to challenge you. They are not testing your grammar or linear thinking, but these:

• Are you truly suitable to be a portfolio manager?
• Can you apply portfolio management concepts in the real-world?
• Are you psychologically prepared to grasp and apply these concepts?
• Can you apply various portfolio management tools and techniques?

These insights come from high-quality questions. If you want low-quality ones, the internet is full of them. Everyone claims to be an expert on the web, but reality is different.

4. Always remind yourself: "There is no shortcut. I've to work for it."

You must truly work hard to become a PfMP. As the saying goes: 

On the highway to success, there are no shortcuts. 

You not only need the required portfolio management and business experience, but also sincere preparation. 

If you expect a magic wand or quick tricks to succeed in days or weeks, you will be disappointed. Again remember, there are no shortcuts. 

5. Choose a truly good and simplified course.

Your chosen course must be good, understandable, and digestible. Because portfolio management is vast, it’ll take time to digest. With the right course, your learning will be effective. Of course, real-world portfolio management experience is also important. 

Online learning is preferred because:

• You can access it anytime, from anywhere in the world.
• You can revise as many times as you want. You can also focus on areas where you are weak or not scoring well.
• You can learn at your own pace without feeling rushed or held back.
• It is usually more cost-effective, saving on travel, food, and accommodation.
• The duration is longer compared to classrooms. You can balance learning with your professional and personal commitments.

With a good mentor, you can ask questions and get them clarified.

The course creator or your PfMP coach plays a significant role in your journey. 

6. Practice, practice and practice.

The old saying “practice makes perfect” is true. The more you practice, the better and more confident you become. This complements the previous one, i.e., a good course.

The tools, techniques, content, explanations should be top-notch and high-quality. Practicing with high-quality material gives you the best value. You’ll also remember more when you practice more. 

7. Have a different mindset – the strategic mindset.

Portfolio management is strategic in nature, whereas program and project management are usually tactical. Portfolios focus on choosing the right work, while projects and programs focus on doing the work right. 

Selecting the right work for an organization is inherently strategic.

Projects and programs deal with execution, whereas portfolio management is more business-oriented. This is where key investment decisions are made. Hence, while going for the PfMP, you need to have a strategic mindset. 

8. All domains are important: Strategic, Governance, Performance, Communication, and Risk.

Your PfMP exam is based on the Examination Content Outline (ECO), not strictly on PMI books, references, or standards. 

The ECO provides the blueprint for the exam.

Unfortunately, many courses follow their own templates without mapping to the ECO domains or tasks. If you prepare this way, you risk failing the exam. 

9. Stay in touch with your coach. 

Throughout your preparation, your coach – most likely the course creator – will be extremely important. He or she will motivate, inspire, and guide you. 

In addition, as I've seen, when you stay in touch, you are more likely to prepare consistently with patience and in the end, it works out better for you.

Some may charge high fees but won’t provide proper support or guidance. In such cases, success becomes difficult. Many also don’t know the exact content needed to be a PfMP!

Your determination matters greatly and there is no substitute for it. Consistent support is also important. 

10. Never give-up.

Success is not final and failure is not permanent. Life itself is a continuous learning process. We learn every day until the end. 

When you understand this, giving up is not an option.

Becoming a PfMP is not easy, and as the tile of this article goes – if it were easy, everyone would do it.

You've a dream to be a PfMP. Pursue that dream. Dreams do come true and many have become PfMP with my PfMP courses and/or PfMP book. Check out few of the PfMP SUCCESS STORIES.

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There are very few PfMPs in the world, unlike PMPs, which have around 1.5 million certified professionals. In comparison, the number of PfMPs is significantly lower. In fact, it’s not even 1% of the number of PMPs! Yes, not even 1%!

You can now understand the significance of the PfMP certification. There are tens of millions of project professionals worldwide. Only a small fraction pursue the PMP certification. 

Hence, achieving the PfMP places you among the top 1% of the top 1% within PMI’s PPP certifications and gives a boost to your career. It also serves as a strong differentiator in your profile and resume.

ManagementYogi’s PfMP courses have a proven track record, with many candidates successfully becoming PfMP certified. Some even achieve this without holding a single PMI certification beforehand!

These courses and books will help you understand, learn, and apply the required concepts and ultimately become a certified PfMP.

PfMP Exam Courses and Book:

[1] PfMP Live Lessons - Guaranteed Pass or Your Money Back, by ManagementYogi.com

[2] PfMP Exam Prep Online Course with Money-Back Guarantee, by ManagementYogi.com

[3] PfMP Exam Prep Book – I Want To Be A PfMP, First Edition, by Satya Narayan Dash, CIPSA, CHAMP

The Shared Language of Stakeholder and Risk Management in the Art of Project Management

 

As I frequently interact with PMP aspirants, I bring this point on the similarities between Stakeholder Management and Risk Management. Few PMPs have written their PMP Success Stories (usually less than 5% write), and they know these differences. Some even have noted the importance of these two knowledge areas:

• Stakeholder Management, and
• Risk Management.

Do note that, in my classes and courses, I've called Stakeholder Management and Communication Management as the Twins. See here for a detailed understanding. 

I've also said Resource Management is the close Sibling of the Stakeholder Management.  Learn more here.

Such terms are mine and I've used it while explaining various such areas for your PMP exam. See here.

In this post, I'm saying that both Stakeholder and Risk Management have a shared language in the Art of Project Management. Like the twins and siblings before, you’d be hearing it for the first time! 

Indeed, the language understanding and similarities in both these management areas is unique. As a management practitioner, you need to know them. So, let's see them one by one.  

Note: If you are preparing for the Portfolio Management Professional (PfMP) exam, it's good to know the below ones. Stakeholder management will be part of Communication Management knowledge area for your PfMP exam. See here. 

1. Identification of Stakeholders and Risks

Stakeholders are identified, so are Risks. Stakeholder identification happens from the very beginning of the project. In fact, the Project Charter (see here) has the initial list of stakeholders and based on it a detailed stakeholder list is prepared.

Risk identification also happens from the very beginning of the project. Like stakeholders, the project charter has high-level information on project risks.

2. Iterative and Integrative Processes

Many think that after a complete identification and assessment has been done, then the process is no longer used. In reality, both stakeholders and risks change throughout the life cycle of the project. 

Stakeholder identification is continuous in nature and it's an iterative process. As and when new stakeholders are identified, they have to be assessed, analyzed and engaged. Risk identification too is a continuous process and is iterative in nature. 

3. Outputs of Stakeholder and Risk Identification

Stakeholder Register is the key output of the stakeholder identification process. In the real-world, it can be a document or a spreadsheet. It'll have identification, assessment information and stakeholder classification such as being internal or external. 

Similarly, Risk Register is the main output of the risk identification process. Again, in the real-world, it's usually a spreadsheet with various risk attributes including the risk id, name, description, probability, impact and risk score. A simple risk register shown below. 

You can learn more here.

4. Outcomes of Stakeholder and Risk Identification

Do note that, I've mentioned outcomes, not outputs. Output is about the end result. Outcome, on the other hand, is about what you actually want to do/have with that end result. 

For example, buying a vehicle is an output of the buying process. But using that vehicle to save time or function more efficiently is the outcome. So, how about the outcomes in Stakeholder and Risk Management?

The stakeholder register is the output. Better stakeholder engagement and stakeholder satisfactions are the outcomes. Similarly, the risk register is the output. On the other hand, credible risk management and optimization of risk responses can be the outcomes.

5. Minimization of Negative Impacts

Here, I'm referring to the minimization of potential negative impacts. 

Stakeholders can be an individual, a group, a community, or even an organization that may affect, be affected by, or perceive to be affected by a project. In other words, they can impact or affect in a positive or negative way. It's the job of the project manager to minimize the negative impact.  

Similarly, the definition of risk (see here) clearly states that a risk can have positive or negative impact on the objectives of the project. Again, it's the job of the project manager to minimize the negative impact of a negative risk (or threat). This is shown below.

6. Maximization of Positive Impacts

This is the reverse of the previous point. I'm referring to the maximization of potential positive impacts. 

Risks can be opportunities as well. Opportunities lead to benefits. In risk management, we try to maximize the positive impact of the opportunities, i.e., we try to increase the probability and/or the impact of the risk. For this purpose, risk responses are employed. See here. 

Similarly, in stakeholder engagement, the focus is to effectively engage stakeholders- especially with high power and interest or influence. This can increase the chance of project success and subsequent outcomes/benefits.  

For example, for the below figure, I've taken two attributes - influence and impact. We want to have the stakeholders to move into high influence (HInf) and high impact (HImp) zone. 

7. Stakeholder Engagement Plan and Risk Management Plan

To manage stakeholders, we create the Stakeholder Engagement Plan (SEP). Similarly, to manage risks, we create the Risk Management Plan (RMP). Both these plans are subsidiary plans of the project management plan.

Both these plans are progressively elaborated and integrated into the consolidated project management plan. 

8. Hidden Stakeholders and Hidden Risks

While stakeholder identification should be exhaustive and continuous, still it's possible that some can remain hidden. Sometimes, these hidden stakeholders, if not identified and engaged, can derail your project. You need to be very careful in such situations.

Similarly, some risks can remain hidden and may not be identified. There are many ways to identify such risks such as assumption analysis, risk analytics, among others. 

9. Stakeholder Attributes and Risk Attributes

Stakeholder attributes such power, interest change. Risk attributes such as probability and impact also change. These are rarely static.

As they change, you’ve to adjust your plans and documents to reflect the changes. For example, a neutral stakeholder can become supportive or resistant over time. In such cases, the engagement strategy has to change.

Similarly, a risk with high probability and high impact can become low probability and medium impact over time. This results in reduction in risk score and the risk could move into the Watch-List. 

10. Obsolete Risks and Dormant Stakeholders

Risks are not always active and primary ones. They can be:

• Obsolete
• Dormant
• Secondary
• Residual, among others.

When a risk becomes obsolete, they are no longer tracked and are usually marked as closed in the risk register. These can later become part of the organization's archives and can be revisited when needed. 

Similarly, stakeholders are not always active and/or primary. As noted earlier, stakeholders' power, influence, interest etc. change over time during the project life cycle. Some stakeholders get passive or even dormant. You need not actively engage with these stakeholders.

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Want to know more? Consider being a subscriber to the PMP Live Lessons course. 

With it, you'll learn more. Considering the similarities in  the language, here are a few more: 

• Stakeholders are prioritized, so are risks. 
• Stakeholders are analyzed. Risk are also analyzed.
• Stakeholder engagement levels are monitored; risks are also monitored. 

A number of PMPs have used this course to get certified. You can be a PMP too. More importantly, you'll know various areas of project management, which no one can or will be able to tell you. 

References

[1] PMP Live Lessons – Guaranteed Pass or Your Full Money-Back, by Satya Narayan Dash

[2] PMP 35 Contact Hours Online Course, Full Money-Back Guarantee, by Satya Narayan Dash

[3] Book, I Want To Be A PMP – The plain and simple way, Second Edition, by Satya Narayan Dash

PfMP Exam Prep – How to Write All Portfolio Management Processes in Just 5 Minutes!

One common difficulty when preparing for the PfMP exam is remembering and writing all the portfolio management processes across the five knowledge areas (KAs) and three process groups (PGs). But they are very important know and apply as you prepare for the exam.

Importance for the PfMP Exam

To understand portfolio management, it’s essential to grasp the interactions among processes spread across the process groups (PGs) and knowledge areas (KAs). Therefore, remembering these processes is important. The processes are involved in many activities such as:

• Development of key strategic and governance artifacts such as the Portfolio Strategic Plan (PfSP), Portfolio Charter (PfC), Portfolio Roadmap (PfRM), etc.
• Identification, categorization, scoring, and ranking of portfolio components, as well as the ongoing evaluation, selection, prioritization, and balancing of the portfolio.
• Authorization of portfolio components such as programs, projects, and operations.
• Ensuring strategic changes are reflected in the portfolio.
• Managing resources, benefits/value delivery, and portfolio reporting.
• Building a risk-adjusted portfolio and ensuring it delivers value in alignment with the organization’s risk profile, among other responsibilities.

Do note that the terms like PfSP, PfRM, and PfC are my own for simplicity. You won’t find them anywhere else. I use them because they’re easier to remember.

Each portfolio management process also involves several critical tools and techniques (T&Ts), such as scoring and weighting methods, prioritization techniques, and demand-supply (capacity and capability) analysis. So, again, you have to remember these processes for your PfMP exam. 

As mentioned earlier, the main challenge is quickly recalling and writing down all the processes – to be specific in 5 minutes.

Process Groups (PG), Knowledge Areas (KA) and Processes

In the Standard for Portfolio Management, there are not only 16 processes but also several knowledge areas (KAs) and process groups (PGs). Again, the terms PG and KA are my own; they will be used in the video demonstration and are intended to help you remember them more easily.

In this post, you'll learn how to write down all the processes in just five minutes. The video is taken from the PfMP Live Lessons course. This comprehensive course includes an extensive set of videos, such as how to write down formulas, sequence the processes, understand process interactions, solve mathematical questions, and much more.

With practice, you can get it down to just three minutes. This video demonstrates how to write all of the following in five minutes:

• All 3 process groups (PGs),
• All 5 knowledge areas (KAs), and 
• All 16 processes.

Video: How to Write Down the 16 Processes in 5 Minutes

In this video, I demonstrate how to write out all 16 processes in just 5 minutes. The first time you try, it might take 10 minutes or more. But with practice, you'll easily bring it down to 5 or even 3 minutes. Of course, this assumes you're already familiar with the processes!

Video duration: 07m 50s

More Tips and Notes

Below are some tips and notes. A comprehensive set of tips and notes are available in video format and they are part of the PfMP Live Lessons, Guaranteed Pass course.

• Use short terms like Pf, PfSP, PfC, etc., to write quickly.
• Don’t erase content; instead, use the Pan command to move the screen and add extra content.
• Practice using a few commands (e.g., line, text box, eraser) to become faster at writing within 3 minutes.
• Avoid using the "Clear" command in the PfMP exam whiteboard, if available, as it will erase all content!
• When using the Pan button, stick to one strategy for movement, either left to right or top to bottom, to avoid confusion during the exam.

I believe this post, along with the video, notes, and tips, will greatly assist in your PfMP exam preparation.

The PfMP exam is long and requires both physical and mental agility. Writing down these processes in the first five minutes will be a great help.

Final Words

As of April 2025, the PfMP exam is available only in computer-based testing (CBT) mode. The online proctored testing (OPT) mode is not offered. Nevertheless, in the CBT exam, you'll have access to an online whiteboard as part of your exam screen.

If you're using plain paper or an erasable sheet (depending on the exam center), you can write down the 16 processes using the tips mentioned earlier.

For more tips on using the whiteboard, similar to the real PfMP exam, check out this post.

If you're reading this post, I wish you the very best in your PfMP exam journey. With the right preparatory course, like the Guaranteed PfMP Pass course, you are on the path to PfMP Exam success.

PfMP Exam Courses and Book:

[1] PfMP Live Lessons - Guaranteed Pass or Your Money Back

[2] PfMP Exam Prep Online Course with Money-Back Guarantee

[3] PfMP Exam Prep Book – I Want To Be A PfMP, First Edition

[4] Article - PMP Online Proctored Exam – How to Write 49 Processes of PMBOK6 in 7 Minutes 

Top 10 Reasons To Go with PfMP Live Lessons – The Guaranteed PfMP Pass Course

The Portfolio Management Professional (PfMP®) certification is the highest-level credential offered by PMI®. If you're looking to drive your organization’s strategy forward and take the driver’s seat, this certification is for you.

Recognizing the value and importance of the PfMP certification, ManagementYogi has prepared the PfMP Live Lessons course. It’s also known as the Guaranteed PfMP course because it’s directly tied to helping you pass the PfMP exam.

Another critical factor is the cost of certification. Globally, the cost of PfMP preparation is quite high. But the PfMP Live Lessons course is offered at a very affordable price. 

With that in mind, here are the top 10 reasons to choose the PfMP Live Lessons – Guaranteed Pass or Your Money Back course.

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Reason – 1. World’s Only PfMP Certification Exam Preparation Course with a Full Money-Back Guarantee.

This course is comprehensive and in-depth, featuring a wealth of exercises and practical applications. No other PfMP course in the world offers the same level of detailed explanations and hands-on learning. To top it all, it comes with a full (100%) money-back guarantee.

Reason – 2. No Terms and Conditions — Except That You Take the PfMP Exam.

No one else in the world offers this. You just need to attempt the exam twice to be eligible for the money-back guarantee. 

Please note that, in my experience, nearly all aspirants who take my course, pass the exam on their first attempt. Hence, you've a very high chance of success of with the 1st attempt itself.

Reason –3. PfMP – The Highest-Level Certification Offered by PMI.

With your PfMP certification, you'll significantly increase your market value. There are a number of benefits and I’ve highlighted a few of them. 

Watch the below YouTube video for more reasons to pursue the PfMP certification: https://www.youtube.com/watch?v=qO99kJsNozU

Reason – 4. Full Support for PfMP Application Approval.

Your application for PfMP should be top-notch. As it’s the highest-level PMI certification, the review is going to be thorough. ManagementYogi will provide full support for your PfMP application preparation, review.  

If your application is not approved (which is highly unlikely), you’ll receive a full refund—no questions asked. 

Reason – 5. Don’t Wait Years to Become a PfMP.

Achieve it in just a few months. This course helps you accelerate your preparation and ace the exam.

We’ve already seen numerous PfMP success stories with the help of our course and book.

Reason – 6. Affordable Price, Premium Quality.

Search anywhere—ManagementYogi offers the most cost-effective PfMP course in the market.

It’s not thousands of dollars—it’s around 25% of the typical cost, without compromising on quality. When you with a poor quality course, time adds-up and preparartion becomes longer. Time is money.

Reason – 7. Real-World Tools and Software Integration.

Learn how PfMPs work in practice using tools like MS Project, Primavera PPM, and Primavera Cloud as needed.

Guaranteed PfMP curse is the only course in the world, which provides explanations with practical, hands-on software tools. 

Reason – 8. Video-Based Exercises + Practice Exams.

Includes numerous video exercises and flow-based activities across knowledge areas (KAs), process groups (PGs), processes as well as inputs, tools and techniques and outputs (ITTOs).

Also includes 4 full-length practice tests—giving you the confidence to crack the exam.

Reason – 9. Ongoing Support Throughout Your PfMP Journey.

Ask any question at any time. Every question will be answered—you’re never alone in your preparation.

You might have a large number of questions or clarifications. In such cases, a directly face-to-face virtual call with set-up to address your queries. 

Reason – 10. A Proven Track Record of PfMP Exam Success.

I’ve personally worked with many successful PfMPs. With PfMP Live Lessons, you have an excellent chance of success—and I’ll be there every step of the way.

Video Explanation

The below video (12m: 02s) explanation will consolidate your understanding further. Watch the video alongside this article for a better learning experience. For the best experience, plug-in your headphones and go full-screen HD.

Conclusion

Your dream of becoming a PMI-PfMP is within your reach – don’t let it sit on the back burner. If the certification truly matters to you, there’s no better time to begin than today.

With the PfMP Live Lessons – Guaranteed Pass or Your Money Back course, you’ll have everything you need: expert guidance, real-world tools, and complete support throughout your journey.

Start today. Stay focused. And watch yourself grow into the PfMP® you’re meant to be.

👉 [Enroll Now] Pay via PayPal/Bank transfer. Email: managementyogi@gmail.com. Enroll in 24hrs.

You Can Also Check:

[1] PfMP Live Lessons, Guaranteed Pass – Economical and Full Money-Back Guarantee (Has the detailed course breakdown)

[2] PfMP Certification Exam – Sample Videos, Choose and Play

[3] PfMP Certification Exam – Sample Questions, Part – 1 and Part – 2

[4] What Does it Take to Be a PfMP? If it Were Easy, Everyone Would Do it!

Nine More Sample Videos: PfMP Live Lessons – Guaranteed Pass or Your Money Back

This is in continuation of the following posts: 

• PfMP Live Lessons – Guaranteed Pass or Your Money Back
• Sample Videos: PfMP Live Lessons - Guaranteed Pass or Your Money Back
• More Sample Videos: PfMP Live Lessons - Guaranteed Pass or Your Money Back

In this post, 9 more videos have been made public. The access to these videos is completely free and can be seen at the YouTube channel of Management Yogi.

Recently (last month), aspiring PfMPs have asked for more sample videos. With these set of additional videos, in total, nearly 30 videos have been shared. I believe it will help in finalizing your decision. 

The videos are from:

• Lesson - 6: Portfolio Goveranance Management (2 videos)
• Video - 6.21 Flow and Tips - Portfolio Management Plan
• Video - 6.40 Colored Portfolio Bubble Charts
• Lesson - 7: Portfolio Performance Management (3 videos)
• Video - 7.4 Processes in Portfolio Performance Management
• Video - 7.10 Performance Management and PfMP Exam ECO
• Video - 7.33 Portfolio Efficient Frontier (PEF)
• Lesson - 8: Portfolio Communications Management (2 videos)
• Video - 8.2 Portfolio Communication Management
• Video - 8.21 Communication Matrix
• Lesson - 9: Portfolio Risk Management (2 videos)
• Video - 9.3 Portfolio Risks Vs. Program and Project Riskss
• Video - 9.7 What is Portfolio Risk Management

You can check these videos one by one.

• Part 1 of this series: Sample Videos from PfMP Live Lessons (Link)
• Part 2 of this series: More Sample Videos from PfMP Live Lessons (Link)

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Videos: Lesson 6 - Portfolio Governance Management

Video – 6.21 Flow and Tips - Portfolio Management Plan (4m:15s)

This video comes with flow diagrams and tips for Portfolio Management Plan preparation. This will help you a lot in your preparation for the PfMP exam.

Video 6.40 – Colored Portfolio Bubble Charts (2m:18s)
Bubble Charts are used widely in portfolio management. One of the goals to use bubble charts to balance the components of the portfolio. This video explains, where the bubble chart has been created with MS Excel software. A number of other sofware tools are used throughout the PfMP Live Lessons course.

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Videos: Lesson 7 - Portfolio Strategic Management

Video 7.4 – Processes in Portfolio Performance Management (1m:45s)
There are 3 processes in Portfolio Performance Management. This another knowledge area, where you can expect a large number of question. This video gives the first overview of the 3 processes used and tip.

Video 7.10 – Performance Management and PfMP Exam ECO (3m:49s)
The PfMP exam is based on the Examination Content Outline (ECO). The ECO sets the exam blueprint. For your PfMP, you must know the domains and task mapping with the processes of a knowledge area. This video gives lucid explanation with such a map for Performance Management KA.

Video 7.33 – Portfolio Efficient Frontier (5m:09s)

Portfolio Efficient Frontier (PEF) is a specific tool and technique (T&T) in the Manage Portfolio Value process. The PEF gives clarity on which portfolio choose - value-maximizing, cost-minimzing and the most efficient one. This gives a detailed example.

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Videos: Lesson 8 - Portfolio Communication Management

Video 8.2 – Portfolio Communication Management (5m:34s)
Portfolio Communication Management is one of the domains in PfMP exam's ECO. It's also a knowledge area in the Standard for Portfolio Management. This video explains communication management, along with stakeholder management. There is no separate knowledge area called Portfolio Stakeholder Management!

Video 8.21 – Communication Matrix (5m:59s)

This matrix is used as part of the Communication Requirements Analysis, a key T&T in the Develop Portfolio Communication Management Plan (PfCMP). This is matrix is not only for also foundational for PfCMP creation. This video expplains and shows a matrix with a number of examples.

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Videos: Lesson 9 - Portfolio Risk Management

Video 9.3 – Portfolio Risks Vs. Program and Project Risks (2m:33s)
Portfolio Risks is very different compared to program and project risks. Portfolio is about strategic fitness, maximizing portfolio and balanced components. This video explains.

Video 9.7 – What's Portfolio Risk Management (3m:24s)

Here, I provide a clear defintion of Portfolio Managment. A number of processes as well as activities will be involved in Portfolio Risk Management. There are only 2 processes in Portfolio Risk Managment, these can be trickly as you dive deeper. This video explains.

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To know more about this course and what is Guaranteed PfMP or Your Money Back Program, 

please refer:

PfMP Live Lessons – Guaranteed Pass or Your Money Back

• Part 1 of this series: Sample Videos from PfMP Live Lessons (Link)
• Part 2 of this series: More Sample Videos from PfMP Live Lessons (Link)

If you require more information, please send a mail to: managementyogi@gmail.com

You can also see the sample videos in a playlist or select one video from the playlist:

• PfMP Guaranteed Pass Sample Video Playlist - or - 
• PfMP Guaranteed Pass - Select a Video 
  

PfMP Success Stories and Reviews:

• PfMP Success Stories and Reviews by Certified PMI-PfMP

More on PfMP Live Lessons - Guaranteed Pass:

• PfMP LIVE LESSONS: Guaranteed Pass or Your Money Back

PfMP Online Exam Prep - With Money-Back Guarantee:

• PfMP Online Exam Prep: With Full Money-Back Guarantee

Book  for PfMP exam:

• Book for PfMP Exam Prep: I Want To Be A PfMP

More Sample Videos: PfMP Live Lessons – Guaranteed Pass or Your Money Back

This is in continuation of the following posts: 

• PfMP Live Lessons – Guaranteed Pass or Your Money Back
• Sample Videos: PfMP Live Lessons - Guaranteed Pass or Your Money Back

In this post, 10 more sample videos have been made public. The access to these videos is completely free and can be seen at the YouTube channel of Management Yogi.

The videos are from:

• Lessons - 3: Portfolio Management and Organization (3 videos)
• Video - 3.3 Life Cycles in Portfolio Management
• Video - 3.5 Component Life Cycle in Portfolio
• Video - 3.18 Portfolio Reports (PRs)
• Lessons - 4: Portfolio Management Process Groups (3 videos)
• Video - 4.2 Portfolio Management with Processes
• Video - 4.4 Portfolio Management Process Groups
• Video - 4.15 Key Deliverables - Defining PG
• Lesson - 5: Portfolio Strategic Management (3 videos)
• Video - 5.2 Foundation - Portfolio Strategic Management
• Video - 5.5 Graphical - Process  Interactions
• Video - 5.34 Manage Strategic Change - ITTO Table
• Lesson - 6: Portfolio Governance Management (1 video)
• Video - 6.14 Develop Portfolio Management Plan - Process

You can check these videos one by one:

• Part 1 of this series: Sample Videos from PfMP Live Lessons (Link)
• Part 3 of this series: Nine Sample Videos from PfMP Live Lessons (Link)

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Videos: Lessons - 3: Portfolio Management and Organization

Video 3.3 – Life Cycles in Portfolio Management (1m:52s)

There are many life cycles you need to understand in portfolio management. Without understanding these life cycles, you won't be able to grasp many key areas of portfolio management. This video provides an overview.

Video 3.5 – Component Life Cycle in Portfolio (4m:40s)

Component life cycles are a very important topic to understand. They are frequently used to comprehend various areas of portfolio management, particularly the Portfolio Governance Management knowledge area. This video explains all the stages in the component life cycle within a portfolio.

Video 3.18 – Portfolio Reports (1m:54s)

For your PfMP exam, you need to be familiar with a number of portfolio reports. In the Aligning, Authorizing, and Controlling process groups (PGs), several portfolio reports will be generated. These will be used across the processes of portfolio management. This video explains some of these portfolio reports.

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Videos: Lessons - 4: Portfolio Management Process Groups

Video 4.2 – Portfolio Management with Processes (3m:06s)

Portfolio management is fundamentally carried out through many processes spread across the knowledge areas and process groups. This, in fact, is a foundational understanding to have. These processes create key process deliverables, artifacts, and other outcomes. The video explains.

Video 4.4 – Portfolio Management Process Groups (3m:14s)

There are three portfolio management process groups (PGs) – Defining, Aligning, Authorizing, and Controlling. These process groups contain the processes. To understand portfolio management, you need to clearly understand the PGs. PGs are not phases. The video explains.

Video 4.15 – Key Deliverables - Defining PG (3m:33s)

For your PfMP exam, you need to have absolute clarity on the key deliverables, along with their contents. Key deliverables will be produced in all process groups. This video explains the key deliverables of the Defining PG.

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Videos: Lesson - 5: Portfolio Strategic Management

Video 5.2 – Foundation - Portfolio Strategic Management (4m:43s)

Portfolio Strategic Management is a key knowledge area (KA). In the PfMP exam, you'll get a large number of questions on this topic, in fact, one of the highest (25%). This video outlines the importance of this knowledge area. It starts with an opening quote and followed by explanations.

Video 5.5 – Graphical Process  Interactions (4m:29s)

A picture is worth a thousand words. The graphical process interaction, only available in the PfMP Live Lessons course, explains how the processes in Strategic Management KA interact with each other. It concludes by sequencing them.

Video – 5.34 Manage Strategic Change - ITTOs Table (2m:31s)

The process of Manage Strategic Change has a number of key inputs, tools and techniques, and outputs (ITTOs). The gives an overview of them and explains how they working together. Deeper explanations to the ITTOs for this process are given in subsequent videos.

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Videos: Lesson 6 - Portfolio Governance Management

Video 6.14 – Develop Portfolio Management Plan - Process (3m:52s)

The Develop Portfolio Management Plan (DevPfMP) is one of the key processes across all process of portfolio management. This process create the main plan - the Portfolio Management Plan. This plan includes all subsidiary plans for portfolio risk management, portfolio communication management etc. Learn with this video.

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To know more about this course and what is Guaranteed PfMP or Your Money Back Program, 

please refer:

PfMP Live Lessons – Guaranteed Pass or Your Money Back



Part 1 of this series: Sample Videos on PfMP Live Lessons (Link)

Part 3 of this series: Nine Sample Videos from PfMP Live Lessons (Link)

If you require more information, please send a mail to: managementyogi@gmail.com.

You can also see the sample videos in a playlist or select one video from the playlist:

• PfMP Guaranteed Pass Sample Video Playlist - or - 
• PfMP Guaranteed Pass - Select a Video 

PfMP Success Stories and Reviews:

• PfMP Success Stories and Reviews by Certified PMI-PfMP

More on PfMP Live Lessons - Guaranteed Pass:

• PfMP LIVE LESSONS: Guaranteed Pass or Your Money Back

PfMP Online Exam Prep - With Money-Back Guarantee:

• PfMP Online Exam Prep: With Full Money-Back Guarantee

Book  for PfMP exam:

• Book for PfMP Exam Prep: I Want To Be A PfMP