Attaining the ORM Certificate
ORM Certificate Candidate Guidebook
ORM Certificate Candidate Guidebook
The Guidebook provides an overview of program design, dates and locations, fees and registration, exam format, syllabus, and preparation.
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Eligibility Requirements
The only prerequisite to attempting the ORM exam is candidates must create a profile and join the PRMIA network. Start your enrollment by becoming a member to gain valuable access to members-only information, or join the network for free.
Exam Requirements
To receive the ORM Certificate, candidates must pass the single exam with a score of 60% or higher.
Candidates may retake a failed exam by paying a retake fee, but must wait 90 days from the date of the failed exam.
Maintaining your ORM Certification
The only requirement in maintaining your certification is to uphold the highest professional and ethical standards as defined by the PRMIA Standards of Best Practice, Conduct and Ethics.
Exam Exemptions
Completing the ORM Certificate will not yield any exemptions toward the PRM Designation.
Exam Syllabus
A complete syllabus for each section of the exam is provided in the ORM Certificate Candidate Guidebook. Below is a high level overview of the subject matter in each section.
| Section |
Subject Matter |
| A. Introduction |
Overview of Risk Management Frameworks and ESG/Climate Risk, Continuing to Embed Risk Practices |
| B. Risk Governance |
Governance, People/Roles and Responsibilities, Processes, Risk Governance Developments
|
| C. The Risk Management Framework |
Risk Capacity, Risk Appetite, Risk Policies, Risk Pricing, Risk Culture |
| D. Risk Assessment |
Risk Assessment, Risk Scenarios ('Top Down'), Process Models ('Bottom Up'), Operational Risk Issues, Additional Risk Assessment Topics
|
| E. Risk Information |
Introduction, Loss Investigations, Key Risk Indicators, Risk Reporting & Toolsets |
| F. Compliance Risk |
Types of Compliance Risk, Compliance Risk Topics, Enterprise Compliance Risk Controls, Conduct and Culture |
| G. Operational Risk Capital |
Capital and Risk Modeling, Risk Capital, Operational Risk Capital, Basel III Developments in Risk Capital |
| H. Operational Resilience |
Defining Operational Resilience, Developments in Operational Resilience Including DORA, the Operational Resilience Process |
Exam Format
The exam is computer-based. Questions are all multiple choice drawn randomly from the exam data base, according to the syllabus order and weightings. The ORM exam is offered in English only.
PRMIA computer-based method of delivery of the exam allows it to evaluate very specific details about each question administered, including down-to-the-second measurements of how long it takes most candidates to answer each question.
The exam consists of 60 questions and candidates have two hours to complete it. Below is the percentage breakdown of exam questions for each exam syllabus section described above.
Testing Overview
The ORM exam is operated by Pearson VUE with testing centers in more than 180 countries and territories, in secure and monitored testing facilities in approximately 5,000 locations. Or, you may take your exam through OnVUE online proctoring. A live proctor will monitor you through the webcam on your workstation to provide a secure exam experience.
Questions are presented digitally with responses entered directly into the computer. If you are in a Pearson VUE facility, no materials may be brought into the testing room; however, you will be provided with an erasable board upon request. No calculators are needed nor provided.
Once admitted to the testing room, there will be a tutorial that introduces the functionality of the exam and a brief message from PRMIA. After this has been viewed, you may begin your exam. You will be asked multiple-choice questions with four possible responses. There are no breaks allowed during the exam.
The testing system allows you to mark and review questions as long as time is remaining. Please note that you are unlikely to finish your exam with substantial extra time. You are encouraged to use the tutorial in an expedient manner, but sufficient time is allocated for you to complete the tutorial and the exam.
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'.
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.