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I was thinking of giving the 4th exam now because its supposed to be easier. I just went through most of the material and it is far more than I anticipated. Are small details important? Like the dates or exact figures (or the names of the people)?
They ask specifics on the PRMIA bylaws and rules, eg, how many people need to be in a meeting, the types of members, how long terms are etc.
On the cases, they do not ask the names of people or precise dates. They tend to ask why something went wrong, for example, why was somebody able to perpetuate the fraud etc. They may ask for root causes for some of the failures, and the choices would be quite close together so you would need to have read the case well. Some questions relate to ethics, what reporting lines should be etc and so on. But to reiterate, you do not need to know any exact dollar numbers or precise dates or the names of people.
Mukul
Thats what I thought too. The cases are quite interesting. But the lack of questions bothers me
PRM is really secretive about its questions. There are like 5? sample questions.
Thanks for your reply.
Just for anyone who is still following; I gave my 4th exam today. After about an hour of waiting (the administrator locked her PearsonVUE account), I finally got a pc. I have to say, it was a lot easier than anticipated. Except for 2 questions which were moderately hard, everything else was simple fill-in-the-blanks. In most questions, 2 (sometimes 3) options used to cancel out on account of being completely absurd. If you have read the cases like 1-2 times, I wouldn’t worry too much about the 4th exam. Good luck!
Edit: I also remember reading an option “conchacha” I’m like wtf is that xD!
Post about PRM Exam IV from another forum:
Quote:I can summarize my experience as the following:
– Overall it was an easy exam with less difficult questions.
– Many questions(almost 4 5) had “All of the above” as their answers.
– 2 or 3 questions were on governanace principles.
– What was MG’s risk.. basis, interest, inflation or currency settlement
– There was no question where remembering dates or quantum of loss was required
– There was question on reasons for debacle at continentalI and creditL
– A tough question was asked regarding comparison between Barings and NAB caseWhat do they ask about governanace principles? I see several tables at the document. Should I know these tables by heart?
No I don’t think memorizing will be necessary. Try remembering (and understanding) the headers of each entry. They focus on testing your understanding. Don’t worry about the result. If you have read the documents twice, I doubt you will fail.
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