Sample CRCM Exam Questions

The following questions are representative of the types of questions you will find on the CRCM (Certified Regulatory Compliance Manager) exam.

a. A line of credit used for the borrower's business, secured by the borrower's primary  dwellingb. A revolving line of credit secured by the borrower's primary dwelling used to improve the borrower's homec. An increase of a line of credit from $5,000 to $10,000 secured by the borrower's primary dwellingd. A loan to pay off a contract for a deed secured by the borrower's primary dwelling

a. Before the first EFT occurs b. Along with the first periodic statement c. Within three business days of account opening d. Within three business days of a customer's request for the EFT service

a. Internal auditb. Consumersc. Board of Directorsd. Compliance officer

a. File a Currency Transaction Report (CTR) with the IRSb. Discharge Teller #1 immediatelyc. Send a notice of adverse action to the bank's federal regulatord. File a Suspicious Activity Report (SAR)

a. All individual mortgage loans b. Grants or loans to fulfill CRA activity c. Non-public or confidential information that will be provided in the public file d. A copy of the agreement to the regulatory agency 24 months after the end of the term

1. a2. a3. c4. d5. b

Looking to prepare for the exam? ABA offers CRCM Exam Online Prep.

CAPM vs PMP Certification: Which is Right for You?

Project management is one of the fastest-growing professions, with an estimated 25 million jobs expected to be created around the world by 2030. To fill these roles, businesses across industries are seeking new project managers with the qualifications and expertise necessary to make a positive impact in their organizations.The Certified Associate in Project Management (CAPM)® and Project Management Professional (PMP)® are both specialized credentials offered through the Project Management Institute (PMI)® that improve credibility and offer professionals opportunities to increase their skills, lead larger projects and advance their careers.

In order to choose the certification that best aligns with your intended career goals, it is critical to understand the differences between CAPM and PMP certification. These differences include prerequisites, cost, level of difficulty and industry-wide perception of the credentials.

Because those planning to earn CAPM certification are not required to have project management experience or a four-year degree, the CAPM is ideal for recent community college graduates or current undergraduates who want to bolster their resume with a credential that demonstrates a commitment to a career in project management.

While the CAPM is ideal for people beginning their careers, there are some additional prerequisites, including that candidates must complete 23 contact hours before taking the exam. Contact hours are hours spent in project management education or training. These hours can be completed on site or online, enabling candidates to fulfill this requirement without putting their professional, educational or personal obligations on hold. Some universities may also offer project management education at this level as a part of a degree program.

OR

Professionals who pursue project management certification are making a valuable, long-term investment in their careers. Part of that investment does include exam fees.

The PMI requires a fee for both exams, with the cost of the CAPM exam at $225 for PMI members and $300 for non-members. The cost of the PMP exam is $405 for PMI members and $575 for non-members. See the table below for a quick comparison.

A one-year membership to the PMI is $139 and comes with many tools and templates for your professional use, including a downloadable copy of the Project Management Body of Knowledge (PMBOK® Guide).

Many companies offer professional development benefits that may cover employee education and professional credentialing costs. According to a 2022 survey by the Society for Human Resources, 78% of employers cover opportunities for professional skill development.

Because the CAPM is geared toward entry-level project managers or those who are considering a project management career, the CAPM exam is widely considered to be less rigorous than the PMP exam.

The CAPM exam questions are derived from the PMBOK® Guide, PMI’s global standards for project management, as well as other sources, which are listed (with the relevant chapters) in the CAPM exam reference list.

The PMP certification exam, on the other hand, is appropriate for individuals of varying experience levels — from those early in their career to established professionals with more significant project management experience — and is therefore more challenging to achieve.

Like the CAPM, the PMP exam also covers the PMBOK® Guide, but it also includes questions designed to test whether the candidate knows how to handle real-world project management scenarios.

To pass the PMP Exam, PMI not only recommends studying the PMBOK® Guide, the PMP Exam Content Outline and the PMP handbook, but also enrolling in a formal course of study offered by a PMI Authorized Training Partner (ATP), such as Purdue University.

The CAPM exam consists of 150 questions that call for multiple-choice, hot spot and drag-and-drop responses, in addition to animations and comic strips. The exam questions cover four domains to integrate different project delivery approaches, with a specific proportion of questions in each.

Candidates have three hours to complete the test, with a 10-minute break in the middle.

The PMP exam consists of 180 questions that fall under three domains in predetermined proportions. About half of the questions represent predictive project management approaches, while the other half represent agile or hybrid approaches. Questions regarding these different approaches are spread throughout the domains.

Candidates have 230 minutes to complete the exam, with two 10-minute breaks.

Considering that the CAPM certification is more affordable and requires less experience than PMP certification, project managers may ask themselves, “Why would I pursue PMP certification?” The answer is simple: The PMP is the most significant, industry-recognized certification for project managers worldwide.

PMPs work in a wide range of industries in almost every country. Many employers require PMP certification when hiring project managers because PMPs have demonstrated the knowledge and skills necessary to lead complex projects and direct project teams.

PMPs bring value to their organizations while advancing their own careers. Project managers with a PMP certification earn a 22% higher median salary than those without a PMP certification, according to PMI’s Earning Power Salary Survey.

While CAPM certification isn’t as widely recognized as PMP certification, it demonstrates knowledge of PMI’s project management framework and project management processes, which can certainly benefit candidates when applying for jobs. In addition, CAPM-certified employees have a working knowledge of the PMBOK® Guide, which can serve as an excellent first step to eventually pursue PMP certification.

Is it possible to convert a CAPM to a PMP?Converting to PMP certification is not an option. However, CAPM certification meets the PMP exam requirement for 35 hours of project management education/training, so you can achieve PMP certification faster.

How much experience do you need for CAPM certification?CAPM certification does not require any professional experience, making it an attractive credential for recent graduates as well as anyone seeking to begin a career in project management. However, it does require a minimum of 23 contact hours of project management education.

How much experience do you need for PMP certification?The experience needed to qualify for the PMP exam and go on to earn PMP certification is based on previous education:

The experience requirements must have been accumulated within the past eight years.

Do I have to be a PMI member to earn CAPM certification?PMI membership is not required to take the CAPM exam or earn certification, but members do receive a discount on the exam fee ($60 for PMI members, down from $150 for non-members), as well as other benefits.

Do I have to be a PMI member to earn PMP certification?No, it is not necessary to become a PMI member to earn PMP certification, though members do have a reduced exam fee ($60 for PMI members, down from $150 for non-members) among other benefits.

How long does it take to process the CAPM application? How long does it take to process the PMP application?According to the PMI, applications take about five to ten days to process.

Do I need to renew my CAPM certification or my PMP certification?Yes, both the CAPM certification and the PMP certification require a renewal every three years.

Professionals who participate in Purdue University’s online project management courses can gain a wealth of field knowledge, solid foundational skills, and exceedingly effective preparation for the PMP exam in order to obtain a project management certificate. Course materials and activities align closely with A Guide to the Project Management Body of Knowledge (PMBOK® Guide) to help learners retain project management knowledge and apply it to their current projects.

Project Management EssentialsThis 100% online, instructor-led course runs for eight weeks and allows working professionals to gain familiarity with basic project management concepts and terms.

Participants are empowered to begin effectively applying their newly acquired knowledge and skills to current projects and earn project management hours that can help qualify them to take the PMP exam.

Experienced PME instructors engage participants in a range of learning activities, including directed study of the PMBOK® Guide; online discussions; recorded lectures; quizzes and self-tests; and written assignments. The instructors also welcome the opportunity to coach interested learners on an individual basis via email or scheduled phone appointment.

PMP Exam PreparationPMP Exam Preparation is a live, virtual course based on the PMBOK® Guide. Enrollment includes 90-day access to all course material, which is 100% aligned to the Project Management Institute’s PMP® Exam Prep content.

Participants get an in-depth review of some of the most challenging learning material on the exam and learn how to build a personal study plan.

This course is for project managers who have a minimum of three years’ experience and prior knowledge of the PMBOK® Guide.

Project Management Professional, PMP, CAPM, and PMBOK are registered marks of the Project Management Institute, Inc.

To learn more about Purdue University’s online Project Management courses and download a free brochure, fill out this form. You can also email us at PMonline@purdue.edu or call us at (888) 390-0499 to speak to one of our program advisors.

* All Fields are Required. Your Privacy is Protected.

Purdue University respects your right to privacy. By submitting this form, you consent to receive emails and calls from a representative of Purdue University, which may include the use of automated technology. Consent is needed to contact you, but is not a requirement to register or enroll.

SourcesProject Management Institute. 2020. “PMI® Certifications.” Accessed June 5, 2023. https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/generic-certification-handbook-sixteen-translations.pdf

Project Management Institute. 2023. “PMI® Certified Associate in Project Management (CAPM®) Exam Content Outline.” Accessed June 5, 2023. https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/capm20ecofinal.pdf

Project Management Institute. 2021. “Project Management Professional (PMP®) Exam Content Outline.” Accessed June 5, 2023. https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/pmp-examination-content-outline.pdf

Project Management Institute. 2021. “Talent Gap: Ten-Year Employment Trends, Costs, and Global Implications.” Accessed June 5, 2023. https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/career-central/talent-gap-report-2021-finalfinal.pdf

Society for Human Resources. 2022. “Employee Benefits Survey: Executive Summary.” Accessed June 5, 2023. https://shrm-res.cloudinary.com/image/upload/v1654193525/Membership%202022/Employee_Benefits_Survey_-_Executive_Summary_-_FINAL.pdf

Certification Exams FAQs

Month-long testing windows offer candidates the ability to take the exam on the day and time that is most convenient during a 30-day period.

Test Sites are located across the United States. At the time of scheduling the exam, candidates can select a site based on their zip code.

The normal hours of operation at Test Sites are 8 a.m. to 5 p.m., but times can vary. When registering, confirm the hours with the site you wish to select. 

Candidates are required to bring one (1) form of valid (non-expired), government issued, photo ID to the test site. Additionally, candidates must bring a copy of their Confirmation Notice which is emailed to them at the time of registration.

If you wish to reschedule or cancel a testing appointment within the same exam window, you must contact Meazure Learning (formerly Scantron) at least 2 business days before the scheduled appointment. Canceling or rescheduling a testing appointment more than 2 business days in advance is subject to a $50 fee. Canceling or rescheduling less than 2 business days in advance of an appointment is not permitted. 

Please review the procedures and fee schedule on the Certification Exam Change Policy page. All change and cancellation requests must be made by submitting the Exam Window Change/Cancellation Form.

ABA will consider waiving fees in case of a medical emergency. Requests will be reviewed on a case-by-case basis.

Based on the certification, the exam time is either 3 hours or 4 hours:

3-Hour Exam (150 questions) - CAFP, CFMP, CISP4-Hour Exam (200 questions) - CERP, CRCM, CTFA

Yes. Questions can be marked and returned to at a later point in the exam, if time permits. Be sure to answer all questions, as only answered questions are scored. To help you navigate the test, please click on one of the links below to preview the exam system prior to your test date:

Sample Test

Yes. Questions can be marked for review and answers changed, if time permits.

Yes. All testing centers are fully accessible and compliant with the Americans with Disabilities Act (ADA). In addition, accommodations can be made for LRP exam candidates. You must submit your request for reasonable accommodations, along with supporting documentation with your exam application.

The exam is scored on a "Pass/Fail" system using a predetermined cut off score based on advisory board analysis of the degree of difficulty for each question. Exams are scored based on your personal performance and are not graded on a curve.

All ABA Professional Certification exams use scaled scoring. Scaled scores are recommended by the Standards for Educational and Psychological Testing. Many testing programs, including the ACT® and SAT®, use scaled scores.

Exam scores are based on the total number of items answered correctly. The total number of items correct is then converted to a scaled score for reporting purposes. Scaled scores are a mathematical conversion of the number of items that a candidate correctly answers so that there is a consistent scale used across all versions of a test.

All ABA Professional Certification exams are scored on a scale ranging from 200 to 800, with the passing score set at 500.

Each exam contains a small number of randomly embedded questions that are included for statistical research purposes. These questions do not count against candidate scores. This form of piloting questions before they are scored is part of ABA's efforts in continuous quality improvement.

Score results are confidential. You must sign an Exam Score Release Form if you want to authorize a third party to receive your score results.

An instant pass/fail outcome is provided for most computer-based exams at the testing sites. Official score results are delivered via email within 6 weeks after the close of the exam window.

On occasion, ABA holds scores to conduct statistical analysis. This means that for some exams, instant outcomes will NOT be provided at the test sites and all outcomes and score results will be emailed within 6 weeks after the close of the exam window.

All exam fees are listed on each certification's webpage.