The curriculum, study resources, and grading structure for the IRM's Level 1 Global ERM Exam is being revised for the February 2023 assessment and beyond. Any candidate (Student or Working Professional) enrolling for IRM's Level 1 February 2023 and future assessments will be required to prepare in line with the below changes.
A. INTRODUCTION OF AN ADDITIONAL HANDBOOK
(Extended Enterprise - Managing risk in complex 21st-century organisations)
While there is a small section on Extended Enterprise in the current Handbook, it is important for candidates at the Foundation Level, to also learn how we manage risk in today’s complex organisations, their value chains and networks of relationships – what many call the ‘Extended Enterprise’. Extended Enterprise looks at how all organisations are affected by the way that others in their value chain and network manage risk and the complexities that can arise from these relationships. It aims to study the complex network of relationships that underpin public and private economic activity in modern economies. Outsourced services, IT security, supplier assessments, joint ventures and partnerships, alliances, and informal arrangements, together with the speed of change can all present challenges.
Candidates will be required to study an additional new Handbook which is an executive summary of how to manage risks in the extended enterprise. Handbook 2 will be provided in print and digital (through the e-resource centre) as part of the examination fees at no additional cost.
B. UPDATE IN THE SELF STUDY V/S STUDYING THROUGH NMIMS-CIS
With a view to supporting candidates in preparing better and enhancing their success rate in the examination, a new learning option was introduced in collaboration with our National Learning Partner - NMIMS, Center for International Studies.
Depending on the learning option you choose (i.e. self-study or study through NMIMS-CIS) you will gain access to a variety of study tools and resources to help you prepare for the exam. NMIMS-CIS provides an excellent learning ecosystem with case studies, doubt-solving sessions, and mock tests along your path to earning the Level 1 certification. Upon registration and successful payment of fees (self-study or study through NMIMS-CIS), you will get access to the resources mentioned under the 'Study Resources' section here. The study support sessions under the self-study option for Students and Professionals are conducted separately.
Candidates opting to study through NMIMS-CIS get a discount of 20% on the IRM exam fees and all details about the NMIMS training, revision sessions, mock tests, and other resources shall be provided upon payment to NMIMS. NMIMS shall also be releasing a case study booklet and the latest exam question bank for candidates. Click here to know more.
Scroll right to see the entire table
| Resources | Available under Self-Study Option |
Available under Study through NMIMS-CIS |
| Handbook 1 - ERM (Student Version and Professional Version) |
Yes | Yes |
| Basic Live Virtual Study Support Sessions covering Handbook 1 (recordings available subsequently) |
Yes | Yes |
| Basic Revision Question Booklet | Yes | Yes |
| International Webinars | Yes | Yes |
| e-Resource Centre | Yes | Yes |
| Handbook 2 - Extended Enterprise | Yes | Yes |
| Detailed Training on Handbook 1 | X | Yes |
| Detailed Training on Handbook 2 | X | Yes |
| Revision Sessions and Doubt-Solving | X | Yes |
| Mock Tests and Latest Exam Question Banks | X | Yes |
| Case Studies and Examples | X | Yes |
| Additional Certificate and Academic Credits | X | Yes |
C. STUDY RESOURCES AND EXAM WEIGHTAGE
The table below will help candidates in understanding the relevance and weightage of the study materials in the assessment.
| Study Resources | Weightage in the Exam (applicable for Feb 2023 exam and beyond) |
| Handbook 1 - ERM | 50% |
| Handbook 2 - Extended Enterprise | 25% |
| Past Paper Questions | 15% |
| Case Studies and Other Materials | 10% |
Also, there will be one qualitative essay-based question (only one question with an answer expected to be within 200 words) of 20 score points to assess the candidates' communication and reporting skills.
Candidates who have enrolled for the February, 2023 exam and beyond prior to this notification, shall receive the additional study materials, to their registered address.
10th October 2022
Examination Council
IRM India Affiliate
