Certified Practising Risk Manager - CPRM® (5+ Years’ Experience in Risk Management)

CPRM® certification has been developed to meet the demand for qualified risk professionals with a depth of relevant experience.  Organisations are placing greater reliance on having competent risk managers to guide the design and implementation of the risk management framework. A CPRM® is to have knowledge of how to integrate risk management into business processes and systems within an organisation.  Further, they need to demonstrate the application of risk across a broad range of risk management fields, for example, governance, people, customers and markets, operations, supply/procurement etc.

Click Here for Information on the CPRM Process

Click Here to Download the RMIA CPRM Application Form

Five Reasons Why You Should Consider Becoming a Certified Practising Risk Manager (CPRM®)

  1. A CPRM® qualification guarantees a currency of risk management knowledge and professional support for your organisation.  Like other industry certifications the CPRM® adds a level of professionalism and trust.
  2. Candidates will gain state-of-the art knowledge. The CPRM® exam is designed to test concepts associated with Risk Management and Enterprise Risk Management.  The CPRM® certification has direct and ongoing input from leading risk professionals and risk practitioners from around the world
  3. The certification process confirms professional achievements. Earning your CPRM® certification can help you prepare for positions of increasing responsibility or transition to a dynamic career in risk. Real world experience is an essential component of attaining CPRM® certification – so becoming a CPRM means considerably more than passing an exam.
  4. CPRMs have access to continuing education and networking opportunities. CPRMs will join a unique community of like-minded professionals with numerous continuing education and networking activities
  5. CPRMs enhance their reputation for integrity. All CPRMs are expected to adhere to principles that promote the highest levels of ethical conduct and disclosure. Employers know that CPRMs will help safeguard their organisation’s reputation.

It is not a CPRM® Competency requirement to develop and implement risk management enterprise-wide or for a portfolio of projects, though it would be advantageous if a CPRM® candidate had this experience.

We have tailored our Certifications to enable those in Risk Roles to enter our ceritifcation from a variety of pathways.

Pre-requisites include:

  • Financial Member of RMIA
  • Abide by the RMIA code of ethics 
  • Pass the examination
  • Adhere to the annual CPD requirement of 25 points

CPRM Pathways 

 

RMIA Education Pathway

Academic Pathway

Criteria 

5+ Years experience in a middle or senior risk management role AND entry pre-requisites.

3+ Years experience in a risk management related role AND completed a postgraduate qualification in risk management (RPL) at an Australian university, VET or TEQSA approved or RMIA endorsed institution, which can be demonstrated to the Professional Development Committee of the RMIA

Entry

Pre-requisites 

Active RMIA membership AND

Enrolment and completion of RMIA's Enterprise Risk Management (ERM) Course

Active RMIA membership

Application Process

Completion and approval of RMIA application for exam, and receipt of Application Fee

Completion and approval of RMIA application for exam, and receipt of Application Fee

Post-nominal

CPRM

CPRM

Cost of application processing, panel review and examination

$330

$330

Annual Renewal fee CPRM®

$240

$240


The CPRM® exam is offered as an online exam and can be taken at any time to suit your needs. You will be given the information regarding the online exam via email which will be sent to you once you have completed the application form.  

Proficiency Statement – Certified Practising Risk Manager v1.8

The following CPRM® application must be completed and uploaded with a copy of your resume as part of the online application process.

RMIA CPRM EXAMINATION APPLICATION FORM

Please note that the RMIA CPRM® Examination Application Form must be completed prior to applying. You must also provide a most recent copy of your resume.

As part of the examination process for CPRM®, candidates need to be familiar with RMIA’s Risk Management Body of Knowledge (RMBoK). Upon applying for CPRM® members have access to the documents below, to study prior to the exam:

  1. RMBoK Domain 1 – Communication and Consultation V2.3
  2. RMBoK Domain 2 – Establish the Context V2.3
  3. RMBoK Domain 3 – Risk Assessment V2.3
  4. RMBoK Domain 4 – Risk Treatment V2.3
  5. RMBoK Domain 5 – Monitoring and Reviewing V2.3
  6. RMBoK Domain 6 – Governance V1.8

MEMBERS ONLY: Members can access the Risk Management Body of Knowledge (RMBoK) by clicking this link.