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- Total Questions: 62
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- Total Questions: 62
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One failed 8020 attempt costs the full registration fee plus weeks of waiting. The PRMIA ORM Certificate - 2023 Update practice set from TestKingFree costs far less than that retake, and its 62 questions show you your real level first.
PRMIA 8020 Exam Overview:
| Certification Vendor: | PRMIA |
|---|---|
| Exam Name: | ORM Certificate - 2023 Update |
| Exam Number: | 8020 |
| Passing Score: | 60% |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Related Certifications: | PRM Designation ORM Designation |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Computer-Based |
| Certificate Validity Period: | 3 years |
| Exam Price: | $395 - $495 USD (varies by membership status) |
| Recommended Training: | PRMIA ORM Certificate Candidate Guidebook PRMIA Learning Resources |
| Exam Registration: | Pearson VUE Scheduling PRMIA Official Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Onsite at Pearson VUE centers or Online Proctored (OnVUE) |
| Pre Condition: | Create PRMIA account; no prior certification or experience required |
| Official Syllabus URL: | https://www.prmia.org/Public/Certificate/ORM_Certificate/Attaining_the_ORM_Certificate.aspx |
PRMIA 8020 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Introduction to Operational Risk Management | 3% | - Evolution and regulatory context - Basic definitions, concepts, and classification of operational risk - Role and importance in financial and non-financial organizations |
| Topic 2: Monitoring, Reporting, and Assurance | 20% | - Compliance and regulatory reporting - Continuous improvement and lessons learned - Internal and external audit roles - Ongoing monitoring and review processes |
| Topic 3: Risk Identification and Assessment | 25% | - Risk assessment techniques: qualitative and quantitative - Self-assessment and risk control self-assessment (RCSA) - Methods and tools for identification - Scenario analysis and risk mapping |
| Topic 4: Risk Governance | 15% | - Culture, ethics, and conduct risk - Governance frameworks, roles, and responsibilities - Policies, standards, and risk appetite statements - Board and senior oversight |
| Topic 5: Risk Control and Mitigation | 20% | - Third-party and outsourcing risk management - Business continuity and resilience - Risk mitigation strategies: avoidance, reduction, transfer, acceptance - Control design, implementation, and effectiveness |
| Topic 6: Risk Information and Data Management | 17% | - Loss data collection and analysis - Key Risk Indicators (KRIs) and metrics - Reporting requirements and standards - Data collection, validation, and quality |
Everything About the PRMIA 8020 Exam in One FAQ
Delivery takes seconds to minutes: payment clears, download links go live, and an email copy arrives almost immediately — install on as many computers as you need, and contact support if 2 hours pass with nothing. For the what-if: take the corresponding 8020 exam within 60 days of purchase, and if you fail, apply for a full refund by submitting a scanned enrollment slip and your official Score Report PDF within 2 days of the exam — we process it within 7 days. Conditions: exams taken within 3 days of purchase don't qualify, the candidate's name must match the payer's, and free or expired products are excluded. Or exchange for two equal-value exam products free and keep the updates.
Through the vendor's official registration channels:
The exam runs Onsite at Pearson VUE centers or Online Proctored (OnVUE), so pick the setup that suits you when booking.
The PRMIA ORM Certificate - 2023 Update is the official PRMIA exam behind the Operational Risk Management (ORM) Certificate certification at the Foundation / Associate level. It's how the vendor verifies that your skills meet its standard — and how employers know they do. Related credentials include PRM Designation, ORM Designation, useful context if you're mapping a longer certification path.
60 questions, 120 minutes on the clock. That ratio is the real exam-within-the-exam: budget your time per question, learn to flag and move on, and rehearse in the TestKingFree engine under real timing until finishing comfortably becomes your default.
The vendor recommends the following:
No time for scheduled classes? You're not alone — most of our customers are working IT professionals. The 8020 practice questions from TestKingFree deliver the self-paced alternative, ready whenever your calendar is.
The PRMIA ORM Certificate - 2023 Update blueprint divides into 6 domains, with Introduction to Operational Risk Management (3%), Risk Governance (15%), Risk Control and Mitigation (20%) among the headline areas. Let the weightings steer your hours — they tell you where the questions concentrate. The full outline above shows every subtopic.
Registration costs $395 - $495 USD (varies by membership status), and passing requires 60%. Credit card is the standard, secure way to pay — and note the fee applies per attempt, so a retake costs full price again. Practicing with the 62 questions from TestKingFree until your mock scores clear the bar comfortably is the cheaper insurance.
Create PRMIA account; no prior certification or experience required Vendor policies evolve, so before booking, confirm the latest eligibility details on the official exam page (official 8020 exam information).
Yes — never bought from us before? Download the free PDF demo first and see the quality directly. Purchases include 365 days of free updates, with the latest version sent to you automatically whenever it releases; expired update periods renew at 50% off.
PRMIA ORM Certificate - 2023 Update Sample Questions:
Which of the Basel Accords, published in 2004, introduced operational risk as a risk subjected to a capital charge?
- A. Basel III
- B. Basel IV
- C. Basel I
- D. Basel II
Correct Answer: D 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
The acronym ESG can stand for:
- A. Extra Social Governance.
- B. Environmental. Social and corporate Governance.
- C. Enhanced Social Governance.
- D. Environmental. Strategy, and corporate Governance.
Correct Answer: B 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
Which of the following statements best defines the properties of top-down key risk indicators?
- A. Selected by junior management, used to manage changes in the business environment especially under periods of stress, and reported on an annual basis
- B. Selected by senior management, tied to material external and internal loss exposures and scenarios, and used to manage changes in the business environment, especially under periods of stress.
- C. Can only be selected by the board in line with risk ratings.
- D. Selected by senior management, used to manage changes in the business environment especially under periods of stress, and reported on a daily basis.
Correct Answer: B 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
Stafford Beers Viable System Model (VSM) has several implementation elements. Which of the following is not one of these?
- A. Output
- B. Process
- C. Governance
- D. Input
Correct Answer: D 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
In operational resilience, material customer detriment or significant harm to the customer is which of the following?
- A. This is the ability of a financial system to continue to function, even in the face of significant disruption or financial shocks.
- B. This has a low threshold and refers to any inconvenience to a customer that results in a complaint.
- C. This is when disruption to a service results in not just an inconvenience to a customer, but a material cost or hardship.
- D. This is when disruption to a service results in an inconvenience to a customer and damage to the firm's reputation.
Correct Answer: C 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
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