PRMIA Exam 8004 Topic 1 Question 25 Discussion

Actual exam question for PRMIA's Case Studies; Standards: Governance, Best Practices and Ethics exam

Question #: 25
Topic #: 1

[All Case Studies; Standards: Governance, Best Practices and Ethics Questions]

PRMIA Governance Principles

Amust be adhered to by all PRMIA member organizations

Bis a set of recommendations based on research and best practice

Cmust be adhered to by all PRM charter holders

Dmust be adhered to by all financial firms that are PRMIA members

Show Suggested Answer

Suggested Answer: B

by Elroy at Jun 02, 2024, 06:37 AM

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Jaleesa

3 months ago

Haha, imagine if option A was true. PRMIA would be like the risk management mafia, forcing everyone to follow their rules!

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Lawrence

3 months ago

I dunno, maybe they're trying to trick us. The correct answer is definitely not A, that's way too strict.

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Barbra

3 months ago

Yeah, I agree. A seems too strict.

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Deandrea

3 months ago

I think it's B, based on research and best practice.

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Breana

3 months ago

Wait, isn't PRMIA just a voluntary association? I'm gonna go with B, the recommendations seem more logical.

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Shalon

3 months ago

Ha! I bet the answer is C. Those PRM charter holders are a strict bunch, they'd definitely have to follow the principles.

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Gail

3 months ago

C) must be adhered to by all PRM charter holders

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Kendra

3 months ago

B) is a set of recommendations based on research and best practice

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Dorthy

3 months ago

A) must be adhered to by all PRMIA member organizations

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Franklyn

4 months ago

Hmm, I'm not sure. I was thinking it could be D, since PRMIA members should adhere to the principles, right?

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Louis

3 months ago

C) must be adhered to by all PRM charter holders

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Tammy

3 months ago

C) must be adhered to by all PRM charter holders

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Dewitt

3 months ago

B) is a set of recommendations based on research and best practice

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Lavonna

3 months ago

B) is a set of recommendations based on research and best practice

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Emeline

3 months ago

A) must be adhered to by all PRMIA member organizations

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Ena

4 months ago

A) must be adhered to by all PRMIA member organizations

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Tandra

4 months ago

I believe they should be followed by all PRM charter holders.

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Maile

4 months ago

I agree, they provide a framework for ethical behavior in the industry.

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Venita

4 months ago

I think PRMIA Governance Principles are important for maintaining integrity.

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Allene

4 months ago

I think the correct answer is B. The Governance Principles are just recommendations, not mandatory requirements.

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Beth

3 months ago

Yes, they are recommendations for PRMIA member organizations to follow.

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Harrison

3 months ago

I agree, the Governance Principles are based on research and best practice.

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Desire

3 months ago

Yes, they are recommendations that PRMIA member organizations can choose to follow.

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Jaime

3 months ago

I agree, the Governance Principles are based on research and best practice.

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Mozell

4 months ago

Yes, they are recommendations, not mandatory rules.

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Mozell

4 months ago

I agree, the Governance Principles are based on research and best practice.

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