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From a free demo to 365 days of updates and a clear refund policy, FreeCram covers every stage of your 8004 journey. Candidates tackling PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics get 112 practice questions, three study formats, and real human support in one purchase.
PRMIA 8004 Exam Overview:
| Certification Vendor: | PRMIA |
|---|---|
| Exam Name: | PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics |
| Exam Number: | 8004 |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 275 (members), USD 350 (non-members) |
| Real Exam Qty: | 24 |
| Available Languages: | English |
| Passing Score: | 60% |
| Certificate Validity Period: | Lifetime (active status requires annual CRL credits) |
| Exam Format: | Case Study Based, Multiple Choice |
| Recommended Training: | PRMIA Code of Conduct & Governance Principles PRMIA Exam IV Study Materials |
| Exam Registration: | PRMIA Official Registration Pearson VUE Scheduling |
| Sample Questions: | PRMIA 8004 Sample Questions |
| Exam Way: | Computer-based: Onsite at Pearson VUE centers or Online Proctored |
| Pre Condition: | PRMIA membership; no required exam order; must meet program eligibility |
| Official Syllabus URL: | https://www.prmia.org/PRM |
PRMIA 8004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: PRMIA Principles of Good Governance | 20% | - Risk appetite and accountability - Board and senior management responsibilities - Transparency and disclosure - Risk governance frameworks |
| Topic 2: PRMIA Standards of Best Practice, Conduct and Ethics | 30% | - Code of professional conduct - Ethical decision-making framework - Compliance with laws and regulations - Professional integrity and accountability |
| Topic 3: PRMIA Case Studies | 50% | - Root cause identification - Application of risk principles to scenarios - Risk management lessons learned - Historical risk failure analysis |
PRMIA 8004 Exam: Frequently Asked Questions
The 8004 exam is the official exam behind the Professional Risk Manager (PRM™) credential from PRMIA. It sits at the Professional level of the PRMIA certification track. The FreeCram practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.
The 8004 exam contains 24 questions and gives you 90 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the FreeCram test engine a week before your exam date to check whether your pacing holds under pressure.
You need 60% to pass the 8004 exam, and the official registration fee is USD 275 (members), USD 350 (non-members). A retake means paying that fee again in full, which makes thorough preparation the cheaper option by far. Before scheduling, take a timed FreeCram practice test; if you are not scoring comfortably above the passing line, give yourself more study time instead of booking on hope.
PRMIA membership; no required exam order; must meet program eligibility
Requirements can change, so confirm the latest details on the official PRMIA exam page before you register.
You can book the 8004 exam through the following official channels:
The exam is delivered Computer-based: Onsite at Pearson VUE centers or Online Proctored, so pick the option that suits you when booking.
PRMIA points candidates to these official courses:
Once you have worked through the official material, wrap up your preparation with the 112 practice questions from FreeCram to lock in what you have learned.
Yes. A free 8004 PDF demo is available, so you can check the question style and answer quality before you commit. Every purchase also includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.
Your purchase is protected by our 100% Money Back Guarantee. If you take the 8004 exam within 60 days of purchase and do not pass, send us a scanned enrollment slip and your official Score Report PDF within two days of the exam; approved refunds are processed within seven days. The candidate name must match the payer name, and the guarantee does not apply to exams taken within three days of purchase, to products that were downloaded but never used in an exam sitting, or to free materials and expired orders. If you would rather keep studying, we can instead exchange your order for two free exam products of equal value while your original product keeps its update service. Delivery itself is instant: your download is emailed within one minute of payment and stays available in your member zone, with no limit on how many computers you can install it on. If nothing arrives within two hours, contact our customer service team.
The 8004 syllabus is divided into 3 domains, including PRMIA Case Studies (50%), PRMIA Principles of Good Governance (20%), and PRMIA Standards of Best Practice, Conduct and Ethics (30%). The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.
PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Sample Questions:
Question 1
With respect to the Purpose of Professional Standards, in the event of any difference in standards between local laws/rules and those of PRMIA, members must
A. comply with the higher standard under all circumstances
B. abide by the applicable laws, rules, and regulations of PRMIA and any government and/or regulatory bodies
C. refer the matter to their supervisor
D. use their best judgment
Question 2
National Australia Bank and Barings cases are similar in that:
A. The back offices had inadequate procedures
B. None of the above
C. Both A and B
D. Losses kept increasing while rogue trader(s) hid their positions
Question 3
Employees shall be remunerated adequately for the roles that they perform, where 'adequately' is defined
A. using external references and benchmarks, and in a framework which is consistent with the type of risk-taking behavior expected of employees
B. using the risk reward profile for each business line in the organization
C. as commensurate with policies to attract and retain high income / revenue earners
D. as being the market norm for similarly situated personnel in competitive organizations
Question 4
The Risk Management Infrastructure of an organization must:
I To the extent possible, avoid silos of control and oversight
II Have budgets set by the business unit leaders
III Actively provide ongoing professional development for risk management staff and require them to be committed to standards of best practice, conduct and ethics in their work IV Provide general risk management and related corporate governance training for employees of the organization as a Whole
A. I and III only
B. All of these are expected of the Risk Management Infrastructure
C. I, III and IV only
D. I only
Question 5
Bankgesellschaft Berlin's failures can be best characterised as
A. credit risk caused by a diversified portfolio of poor-quality loans
B. none of the above
C. both A and B
D. credit risk caused by overexposure to the property market
Solutions:
| Question 1 Answer: A | Question 2 Answer: C | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: D |
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