PRMIA MAKES FUNDAMENTAL RISK MANAGEMENT KNOWLEDGE AND PRACTICES ACCESSIBLE FOR ALL WITH NEW ASSOCIATE PRM CERTIFICATE PRMIA announces the release of its Associate Professional Risk Manager (Associate PRM) certificate. The Associate PRM is a new and innovative PRMIA certificate program intended for staff entering the risk management profession, or those who interface with risk management disciplines on a regular basis, such as auditing, accounting, legal, and systems development personnel who want to understand fundamental risk management methods and practices. Designed to be mathematically and theoretically less detailed than PRMIA’s Professional Risk Manager (PRM) designation, the new program will cover the core concepts of risk management, allowing non-specialists to interpret risk management information and reports, make critical assessments, and evaluate the implications and the limitations of such results. “PRMIA developed the Associate PRM at the request of our institutional and regulatory members. Until now, there has been no exam in the risk industry designed for those who are not risk management professionals but who need to work with the discipline to create the needed risk culture within an organization. The Associate PRM fills that gap.” Dr. Robert Mark, CEO Black Diamond Risk and co-author of The Essentials of Risk Management, on which the syllabus of the Associate PRM is based, adds, “Risk management is an integral part of managing all areas of a business. Employees who attain their Associate PRM certificate will have deeper insight into risk management practices, as well as the ability to add significant business value to their organization. Specifically, these individuals will gain the practical skills and knowledge necessary to identify, analyze, and respond to key risks, which in turn will allow them to contribute towards improving the return to risk dynamics of their organizations.” Easy to obtain study materials and widely available exam options will provide Associate PRM candidates with optimum flexibility to fit the preparation and testing process into their individual work schedules. Individuals are required to pass one exam to receive the Associate PRM Certificate. The exam will be offered on every business day of the year at nearly 4,000 centers in more than 140 countries across the globe. Students may start studying for the Associate PRM now using The Essentials of Risk Management, plus freely downloadable material from the PRMIA website. Click here to access all of these study materials. To take the Associate PRM exam, interested individuals must purchase an exam voucher at a cost of $300. PRMIA is offering a $50 discount off of these prices for anyone purchasing an exam voucher from July 23, 2008 – September 15, 2008. PRMIA Sustaining Members receive an additional 10% discount on exam vouchers, making their cost $225 during this period. Individuals may begin taking the exam during September 2008. To purchase an exam voucher, click here. To learn more about the Associate PRM, visit the PRMIA website. Please contact us at support@prmia.org with any questions.
That might actually be quite useful …
QUICK SUMMARY I’ve just browsed their site; here’s a summary: - 90 multiple choice Q during a three hour exam. - US$ 300 for the exam fee, and - a discount if registering before 15 September. - Test centers same as for the ordinary PRM designation exam. - Seems exam date can be set to any date you like due to a computerized multiple choice exam, done on-line while sitting in front of a computer. - With this exam the candidate will be exempt from exam IV of the PRM designation exam according to PRMIA. - No calculator needed nor allowed for this exam (not even Window’s built-in calculator which I believe is the one you’re supposed to use with the “ordinary” PRM designation exam). - Literature: “The Essentials of Risk Management” by M Crouhy, D Galai, R Mark. and in addition to this book it’s the same material as in exam IV + an overview of financial markets (bonds, equity etc.) The exam IV material consists of the PRMIA bylaws (etc) and some case studies (Barings, LTCM, World Com, etc.) - Online courses and diagnostic exams to be available in September 2008; the material licensed (through SealedMedia?) for one year at a time it seems. - The passing grade to be set at 60% according to PRMIA’s web site.
Lol, a mini PRM-lite…this exam sounds pretty easy…
I think I would be embarrassed to put it on my resume. PRM - yes. PRM Associate - no. If you’re smart enough to do the real thing, then do it. This half assed bullshit ain’t cutting it.
DirtyZ Wrote: ------------------------------------------------------- > I think I would be embarrassed to put it on my > resume. PRM - yes. PRM Associate - no. If > you’re smart enough to do the real thing, then do > it. This half assed bullshit ain’t cutting it. Totally agreed. Imagine a CFA associate, CFA lite.
DirtyZ Wrote: ------------------------------------------------------- > I think I would be embarrassed to put it on my > resume. PRM - yes. PRM Associate - no. If > you’re smart enough to do the real thing, then do it. … I think it is useful for certain professions, for instance if you’re working as a … I don’t know… auditor or software developer or … well, “other professions” where you need to have some knowledge about risk management but don’t need to actually do the math yourself. Also: if you’re contemplating doing PRM (as opposed to, say, FRM) then you could start off with the lite version since it counts as part of the whole exam. If something happens and you cannot continue, at least you got something out of it.
Hmm, good point as well.
what part of the PRM does the PRM lite count for?
everything, but less carbs! jk, i am wondering as well and am too lazy to google
It’s not about a title. It’s about learning. http://prmia.org/index.php?page=training&option=trainingAPRM