Associate PRM Frequently Asked Questions

 
What is the Difference Between the PRM Designation and the Associate PRM Certificate?

The PRM Designation is PRMIA's most academically advanced program and designed to cater to all the needs of a Chief Risk Officer. Only successful candidates of the PRM designation are entitled to use the PRM title. The PRM is achieved by passing a series of four exams to be successfully completed within a two year time frame. Associate PRM members will receive a certificate but will not be entitled to use the PRM title.

The Associate PRM is 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 the Professional Risk Manager (PRM) certification, the Associate PRM covers 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.

What are the Current Exam Dates?

You may take the exams on any available business day that is most convenient for you.

What is the Cost?

The cost of the Associate PRM exam is $330.

Payment by credit card is required for online registration, but if you need assistance with alternate forms of payment, please contact PRMIA Support at support@prmia.org.

The cost of this exam voucher for PRMIA Sustaining Members is $297, and for PRMIA Contributing Members it is $313. You can become a Sustaining or Contributing Member online.

Are any Discounts Available?

Discounts are available for groups of 10 or more candidates from the same organization. 

How Long is the Exam?

The time allowed for the exam is three hours.

How many questions need to be taken?

The exam consists of 90 questions.

Can I retake the exam?

Yes, the exam can be taken as many times as necessary to achieve a passing score. Simply purchase a new exam voucher for each exam sitting.

Please note that you may only take the same exam once every ninety days.

Are there any Prerequisites?

Membership in PRMIA is the only prerequisite.

Does the Exam Have Multiple Choice or Written Answers?

The exam questions are all multiple choice.

How do I Register?

Follow the registration steps provided in 'Associate PRM Fees and Registration'. Spaces at the testing centers will be reserved on a first-come, first-served basis, so you are encouraged to register as soon as possible.

What is the Passing Grade?

The passing grade is 60%.

Where can I Take the Exam?

The exams are offered by Pearson VUE at approximately 5,000 secure and convenient testing centers located in 165 countries throughout the world. 

What kind of Testing Site Security will there be?

Candidates will be required to present two forms of official identification when arriving at the test center. The Candidate must also provide a digital signature using a signature pad and a digital photograph will be taken during the admissions process at the testing center. No papers may be brought into the examination room, and all rooms are videotaped during testing and monitored by a proctor using a parabolic mirror. Scratch paper is provided at the site, but candidates must leave all papers in the testing room upon completion of the exam.

Can I Bring a Calculator or PDA into the Exam?

No. A calculator is neither needed nor allowed for this exam.

I Want to Know More Details. What Should I Do?

Send an e-mail to support@prmia.org with any questions.

Where do I find my exam results?

Exams are graded digitally. Results are usually available within 15 business days of your test date and can be accessed by signing in to your PRMIA account and going to the 'Certifications Tab' in your 'PRMIA Profile'.

How and when do I receive my PRM Designation Certificate?

After becoming certified your digital certificate is instantly available via your Certifications Tab in your PRMIA Profile. Digital certificates offer more than a just a digital copy of your certificate, see Documentation & Sharing for features.