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For Exams 3 & 4, Vol III & other readings downloadable from PRMIA’s website is sufficient. I found Vol III to be well written. You just have to go through it slowly & painstakingly and not as a casual read.
The exams won’t test you on stuff outside the readings.
Can’t speak on Exams 1 & 2 as I didn’t take them.
Like you, I didn’t read the supplementary readings attentively! So at the exam, I didn’t have a clue what was being asked. But you may be able to rule out some of the answers that are clearly against the broad principles taught in the core readings, and hopefully narrow it down to a 50-50 choice. The RiskPrep question bank is representative of the exams, and I recall quite a number of questions on the supplementary readings.
Since you haven’t taken the exams yet, don’t neglect the supplementary readings. There are 7 altogether, 3 public domain + 4 under “My Library / PRM Handbook”. I skimmed through all 7 the day before the exam, but they are voluminous & this approach doesn’t work.
I passed Exams 3 & 4, being exempted from 1 & 2.
My comments are posted on this thread:
Exam 4
https://www.riskprep.com/component/kunena/5-prm-exam-prep-forum/112-take-exam-4-last?Itemid=0Exam 3
https://www.riskprep.com/component/kunena/5-prm-exam-prep-forum/20-feedback-on-riskprep?Itemid=0I am done with PRM having passed Exam 3 last month. Cleared Exam 4 earlier.
Exam 3 was difficult – I was well prepared for the core readings (i.e. PRMIA’s Volume III), but there were tons of questions on the supplemental readings (more than 1/3). I can recall 4 questions on SCAP, 3 on liquidity risk, 3 on zero-sum, 2 on information quality & 2-3 on the stress-testing readings. I scored 75%, which I was quite happy with considering my dazed state after the exam!
I used Riskprep & Kesdee’s sample exams. Riskprep’s 309 questions were excellent. A lot of effort has been put in to draft the questions and the explanations. And it’s a bargain at $20. With Kesdee’s, it’s difficult to understand what they are asking, and the explanations are often not clear.
My warning to all – don’t take the supplementary readings lightly!
