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PRMIA 8020 Exam Overview:

PRMIA 8020 Exam Syllabus Topics:

PRMIA ORM Certificate - 2023 Update: Frequently Asked Questions

PRMIA ORM Certificate - 2023 Update Sample Questions:

Question 1

In Operational Resilience, which of the following is not an important measure of whether a Business Service can be considered Critical?

A. Whether a disruption to the provision of the service could cause material customer detriment.
B. Whether a disruption to the provision of the service could harm market integrity.
C. Whether a disruption to the provision of the service could exceed risk appetite.
D. Whether a disruption to the provision of the service could threaten a firm's viability.

Question 2

Which of the following principles is critical when creating the optimum policy range and content'?

A. Policy owners must ensure that policies are read by the regulator and then the shareholders.
B. New policies should be accompanied by Citable training for the target audience and added to the content of new employee training.
C. Policies should be divided into a large number of short topics to enhance accessibility.
D. Hard copies of a new policy should be placed in a central library of governance documents at the CRO's home.

Question 3

Which of the following best describes the role of the compliance department?

A. The compliance department is responsible for implementing the first line's compliance risk management controls.
B. The compliance department is responsible for providing oversight over the auditor's implementation of compliance risk management controls.
C. The compliance department is responsible for providing oversight over the board's implementation of compliance risk management controls.
D. The compliance department is responsible for providing oversight over the first line's implementation of compliance risk management controls.

Question 4

Ideally, the facilitator of a risk assessment workshop should:

A. Remind the attendees that they can override the results of the workshop once the risks are tallied.
B. Guide the workshop toward a pre-determined conclusion, based upon known industry identified risks.
C. Attend via a video connection to allow proper distance.
D. Remain objective and refrain from expressing his or her own opinions.

Question 5

The DORA act's full name is which of the following?

A. Domain for Operational Risk Act.
B. Digital Operational Resilience Act.
C. Digital Operational Risk Act.
D. Daily Operational Resilience Act.

Solutions: