Canadian Risk Management CRM54 — Risk Management Principles and Practices — Information & Free Practice
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Exam Review
About Canadian Risk Management CRM54 — Risk Management Principles and Practices
Canadian Risk Management CRM54 — Risk Management Principles and Practices · CA
Key exam facts
- Provider
- RIMS (Risk and Insurance Management Society) manages the CRM54 standardized examination. The Institutes provides the virtual examination platform and publishes the adopted Edition 3 study material; it is not the CRM exam registration authority.
- Format
- Virtual examination on The Institutes' learning management system; multiple-choice questions, divided into sections of 50 and 20 questions.
- Exam questions
- Total questions: 70.
- Time limit
- 1 hour 40 minutes (100 minutes) to complete the virtual examination.
- Passing score
- 70% is the passing score; completion displays a pass/fail result.
- Exam fee
- Per examination: RIMS members US$205; non-members US$225. Course tuition and the separate designation registration fee are separate charges.
Topics covered
Introduction to risk management
Risk management standards and frameworks
Hazard risk
Operational, financial, and strategic risk
Risk management framework and process
Risk identification
Risk Analysis
Risk Treatment
Big data analytics for managing risk
Capital Investment and Financial Risk
Monitoring and reporting on risk
How to prepare
Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.
These independent practice questions are not actual exam items and do not guarantee a passing result.
Frequently asked questions
What is the exam format?
Virtual examination on The Institutes' learning management system; multiple-choice questions, divided into sections of 50 and 20 questions.
How many questions are on the exam?
Total questions: 70.
How long is the exam?
1 hour 40 minutes (100 minutes) to complete the virtual examination.
What is the passing score?
70% is the passing score; completion displays a pass/fail result.
How much does the exam cost?
Per examination: RIMS members US$205; non-members US$225. Course tuition and the separate designation registration fee are separate charges.
Official sources and references
- RIMS CRM Eligibility
Three Foundational Courses — Risk Management Principles and Practices — Topics covered
- RIMS CRM Eligibility
Three Foundational Courses and corresponding examinations
- RIMS CRM Exam Information
Canadian Risk Management — Exam Information
- RIMS CRM Exam Information
Exam Process
- RIMS CRM Exam Registration
Registration Fees Per Exam
Confirm current exam arrangements with the exam provider.