Frequently Asked Questions
Certified Third Party Risk Management Professional (C3PRMP) program is the “gold standard” in terms of relevance, scope, and content.
C3PRMP certification must be renewed every three years. Participants are responsible for maintaining their certification, according to our policies and processes. Third Party Risk Institute will attempt to contact you with valuable information for maintaining your certification, and with any updates to the Recertification Policy or procedures.
Our method of communication is email. The Update your Contact information form is available on our website so you can let us know when changes occur. We request graduates add Third Party Risk Institute on their “safe senders” list to avoid missing valuable information.
The content is at an intermediate level, and is aligned with NASBA’s Business Mgmt. & Organization, Finance, Information Technology, and Specialized Knowledge Field of Study.
Learning consists of on-demand videos, mandatory reading, Review Questions, an original essay or two Qualifying Assessments. You may choose to spend more time in areas that are of particular interest or those that are less familiar.
- On-demand videos are accessible when you log into the course on our password protected site, and until graduation. The videos are organized into 15 sequential Modules, which are clearly labelled, and which consist of short Lessons covering related topics.
- There is mandatory reading for each Module, accessible in our Resource Library in our password protected learning site. It is important that you read the assigned materials, particularly if you are in the CPE-credit stream, as the content may be tested in the Qualifying Assessments.
- At the end of each Module, you must successfully respond to Review Questions that reinforce what was covered in the Module. You must achieve a passing grade of 80% prior to advancing to the next Module.
- If you are enrolled in the Core program stream (e.g., excludes participant in the CPE-Credit stream), you will author a short essay at the end of the program to demonstrate comprehension and how to apply some element(s) of what you’ve learned.
- If you are enrolled in the CPE-Credit program stream, you must successfully complete two Qualifying Assessments by achieving a minimum passing grade on each.
Completing all program requirements for C3PRMP is a personal time investment of ~45 hours, typically over 10 weeks.
You will find a recommended Coursework Plan in the C3PRMP Participant Handbook, but you can set your own pace.
Within 4 months from the date of purchase, you must finish all coursework, including:
– on-demand videos
– Mandatory reading
– achieving a minimum passing grade of 80% on the Review Questions
– submitting an original essay (Core program stream) or achieving a minimum passing grade of 70% on two Qualifying Assessments (CPE Credit program stream)
The maximum completion time for successfully completing all course work in our certification programs is 12 months from the date of purchase.
Note: You may choose to request a deferment to the start date, or an extension to the learning time frame, which must be approved by Third Party Risk Institute in accordance with our Deferment, Cancellation and Refund Policy.
Self-identifying participants are eligible to earn 66 CPE credits upon completing all program requirements. This includes completing all learning activities including successfully completing two Qualifying Assessments.
Third Party Risk Institute Ltd. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org
Note: Upon successful completion of all learning activities all Participants that have self-identified as a member of the Global Association of Risk Professionals will earn 20 CPD credits. This GARP’s maximum award for any learning event.
Self-identifying participants will earn 66 CPE credits upon completing all program requirements, including two Qualifying Assessments as required by NASBA. Learning is aligned with NASBA’s Fields of Study.
Here is the breakdown of the CPE credits earned per field of study in C3PRMP:
Business Management and Org. – 11 CPE credits
Finance – 1 CPE credit
Information Technology – 3 CPE credits
Specialized Knowledge – 51 CPE credits
A QAS Self Study program is an educational program completed individually without the assistance or interaction of a real time instructor. QAS Self Study programs must elicit participant responses to test for understanding of the material. Appropriate feedback must be provided. Satisfactory completion of the program must be confirmed during or after the program through a qualified assessment.
Third Party Risk Institute Ltd. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org
Yes, your C3PRMP certification is valid for three (3) years from the date of issue and must be renewed according to our policies and processes. To maintain your certification, you must submit an Application for Certification Renewal and provide evidence that you earned 75 Continuing Education (CE) credits during the renewal period.
Alternatively, you may choose to re-enroll in C3PRMP and complete all learning activities. We offer deeply discounted fees for participants choosing to re-enroll.
For details about eligible CE credits or how to re-enroll in C3PRMP for a deeply discounted fee, our website has all the information you need to know about Maintaining Your Certification. Or ask us for a copy of our Recertification Policy.
The Application for Certification Renewal, and Instructions, Application for Re-Enrollment, and Continuing Education (CE) Credits submission form can be found when you enroll in our Maintaing your C3PRMP Certification on our website, including recertification processing and re-enrollment fees.
Yes! C3PRMP is the global “gold standard” for third party risk management designations, and there is a lot to learn. Investing in yourself and C3PRMP certification demonstrates that you and your organization are serious about managing third party risks and relationships.
C3PRMP will enhance your expertise and sharpen your skills in the “hottest” risk topic that is affecting organizations around the world today. And your professional designations follow you in your career, wherever you go.
If you work in a regulated entity, remember that a recognized certification identifies you as a qualified professional. C3PRMP provides documentary evidence that key personnel have the requisite commitment and knowledge.
Yes. You must have one of the following qualifications:
- Bachelor’s degree
- 3 years of management experience
- 5+ years of general business experience
After you complete each Module, you will consolidate your understanding of the content and reinforce your learning by successfully responding to the Review Questions before moving to the next Module.
All C3PRMP participants must achieve a minimum passing grade of 80% on each set of Review Questions. You can respond as many times as necessary until you pass.
NASBA Standards require participants to successfully complete our Qualifying Assessments, which are multiple choice “exams” in C3PRMP, to qualify for CPE credits.
The first Qualifying Assessment takes place after completing all coursework for Modules 1 to 7 inclusive. The second Qualifying Assessment takes place after completing all coursework in Modules 8 to 15.
Unlike the Review Questions that present detailed explanations and the source for correct and incorrect responses, immediately upon completion you will receive a grade but no further details.
Good news….
- you can complete the Qualifying Assessment as many times as needed to achieve a 70% passing grade within the time limit for the program.
- All content from the Qualifying Assessments is sourced from the videos and mandatory reading.
- Qualifying Assessments are designed to test comprehension, not “trick” you!
Consider preparing for a Qualifying Assessment by spending some quality time with the Review Questions found at the end of each Module. Ensure that you understand the meaning of the response options for each question by intentionally selecting correct and incorrect responses. You will be presented with an explanation for each response option, and its source.
All Core Participants (e.g., this excludes CPE-Credit Participants) will author an original essay that demonstrates their understanding of one or more elements of what was covered, and how it applies in a real-life situation. The minimum length is 800 words, and there is no maximum.
Essays are subject to a plagiarism check, and may result in the Participant being expelled, without a refund.
Your essay will be read by Faculty, and you will receive their feedback. With your permission, we may feature your essay in Third Party Risk Institute’s Newsletter, with or without attribution, according to your wishes.
When you have completed all program requirements, you join the growing ranks of Certified Third Party Risk Management Professionals, and earn the right to use the C3PRMP professional designation in your electronic signature, in social media, and your CV.
Within two weeks of completing all requirements, you will receive your C3PRMP Certificate of Completion and digital badge.
C3PRMP graduates receive a one-year complementary membership in Third Party Risk Institute Ltd. or one-year extension or those with existing memberships. Membership gives you access to our Resource Library, standing invitation to our “Ask the Expert” live stream video series, Discussion Forum, Newsletter, and preferred pricing on other products and services.
C3PRMP certification is valid for three years from the date of Issuance, then you must recertify.
Your Certification is renewable by enrolling in the Maintaining Your Certification course on our website, and meeting all recertification requirements, including providing proof of 75 Continuing Education (CE) credits earned since the most recent date on your Certificate of Completion, or by re-enrolling in C3PRMP completing all program learning activities.
It is your responsibility to maintain your certification, initiate recertification activities and submit required documentation and payment as required by our policies.
A list of eligible CE Credits is available on our website – Maintaining Your Certification – and in our Recertification Policy.
Each three-year certification renewal period starts on the date all program materials were completed, the date on your Certificate of Completion. Up to 90 days before and within 30 days after expiry of the most recent Certificate of Completion, graduates will submit an Application for Certification Renewal to info@3prinstitute.com and remit payment of the processing fee.
For more information, please refer to the Maintaining Your Certification course on our website.
As a continuing professional development (CPD) partner, GARP offers 20 CPD credits to any FRM who earns the C3PRMP credential.