It's very difficult to ensure that the individuals you hire into your organization have a recognized standard of knowledge, experience, and competency. You can certify internally, but this type of program does not have much meaning outside of your organization. That's why it's necessary to look for external certification sources. And in the case of risk management, the three certifications are highly visible, recognized, and set standards that will most likely improve your organization. Let's look at how the PRM, FRM, and ERP standards look, and then discuss how those standards might impact your organization.
First, the Professional Risk Manager certification from PRMIA seems to have a high level of recognition throughout the industry. PRMIA defines its certification as the "benchmark" in global risk management. To begin with, the organization gives partial credit toward certification if you hold another designation, such as Actuarial Fellow, Actuarial Associate, or Chartered Financial Analyst (CFA), to name a few. This type of recognition means that the PRMIA puts its certification on the level of other well-known certifications. Because this type of reciprocal arrangement exists, you can be assured that the standard of excellence is high. The PRM certification carries recognition by universities, including the University of Toronto, Technical University of Munich, NYU, and also a group of faculty who represent the Sorbonne, the Ecole Polytechnique, and the Universite Paris Dauphine.
I was thinking that 2 hrs is a bit too long for 50 qns (level 1). I couldn't have been more wrong.