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PRMIA 8020 Exam Topics

PRMIA 8020 Exam Overview :

Exam Name: ORM Certificate - 2023 Update
Exam Code: 8020
Certifications: PRMIA ORM Certification
See Expected Questions: PRMIA 8020 Expected Questions in Actual Exam

PRMIA 8020 Exam Objectives :

Section Objectives
Introduction
  • Measures the skills of Risk Analysts.
  • Covers fundamental concepts of risk governance, management, and assessment.
  • Introduces key principles, regulatory frameworks, and industry best practices for identifying and addressing risks.
  • Key skill measured: Understanding the foundational principles of risk management.
Risk Governance
  • Measures the skills of Compliance Officers.
  • Covers policies, structures, and processes that define how organizations oversee risk.
  • Explores regulatory compliance, ethical considerations, and corporate governance frameworks to ensure accountability.
  • Key skill measured: Applying governance frameworks to organizational risk policies.
Risk Management Framework
  • Measures the skills of Risk Managers.
  • Covers structured approaches for risk identification, evaluation, and mitigation.
  • Includes industry-standard frameworks that guide risk strategy and decision-making.
  • Key skill measured: Establishing a risk management framework for organizations.
Risk Assessment
  • Measures the skills of Financial Risk Analysts.
  • Covers methodologies for evaluating risks in different domains, including qualitative and quantitative approaches.
  • Focuses on assessing vulnerabilities, threats, and potential impacts on business operations.
  • Key skill measured: Conducting risk impact analysis for financial threats.
Risk Information
  • Measures the skills of Risk Data Specialists.
  • Covers the collection, analysis, and communication of risk-related data.
  • Highlights the role of data-driven decision-making in mitigating uncertainties and ensuring compliance.
  • Key skill measured: Interpreting risk data for informed decision-making.
Risk Information
  • Covers the collection, analysis, and communication of risk-related data.
  • Highlights the role of data-driven decision-making in mitigating uncertainties and ensuring compliance.
  • Key skill measured: Interpreting risk data for informed decision-making
Risk Modeling
  • Measures the skills of Quantitative Risk Analysts.
  • Covers mathematical and statistical techniques used to predict risk scenarios.
  • Explores model development, validation, and application in financial and operational risk management.
  • Key skill measured: Applying statistical models for risk prediction.
Insurance Mitigation
  • Measures the skills of Insurance Risk Specialists.
  • Covers strategies for transferring risk through insurance and other financial instruments.
  • Focuses on risk transfer mechanisms, policy structuring, and claims management.
  • Key skill measured: Assessing risk transfer options through insurance.
Case Studies
  • Measures the skills of Business Risk Consultants.
  • Covers real-world applications of risk management concepts.
  • Examines case studies on risk governance, assessment, and mitigation strategies across different industries.
  • Key skill measured: Analyzing historical risk events for strategic insights.
Official Information https://prmia.org/Public/Public/Resources/ORM-Certificate.aspx

Updates in the PRMIA 8020 Exam Topics:

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