Level 1: Core modules and Level 2: Specialist modules
Both the core modules and the specialist modules are each assessed by one 3 hour written examination per module. The structure of the examination papers may differ between modules, depending on the learning objectives for a particular module.
Knowing the syllabus and learning outcomes may seem obvious, but having a clear understanding of these is fundamental to productive learning and examination success.
The learning outcomes listed in each module handbook go a long way towards informing students what is intended to be learned and, importantly, what will be the basis of evaluation and examination. Many students fail to gain the marks they deserve through not reading and fully considering what is being asked of them.
Level 3: Practical assignment
Level 3 is assessed through completion of an 8,000 word assignment. Students are required to submit a summary of their proposed assignment topic for approval and on agreement, will have six months to complete and submit their assignment.
Students may choose to base their assignment on a real situation that is practical and relevant to their own role and company.
The Institute reserves the right to publish the best assignments on IRM's website and/or in the Institute's journal Risk Management Professional.
The pass mark for each examination and the Level 3 Practical assignment is 50%.