A: Since , the ERP has two levels, but the Concept Checkers refer to the previous curriculum, which treats everything in one level. Despite the new format, the Concept Checkers are still a good resource to learn concepts in energy risk management that every ERP needs to know, and I think they will help in your exam preparation. This guide for the ERP exam has been prepared based on the ERP curriculum , but it covers topics that every Energy Risk Professional must know, regardless of changes in the curriculum and exam formats. This study material is relevant for any candidate to check and deepen their knowledge about the ERP program and energy risk management in general also in years to come, and I am certain the Concept Checkers will help you tremendously in your exam preparation. A: Both are separate products.
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GARP provided about practice problems in , hardly enough to access my preparedness. Here I will share a few resources I found that made me ready for the exam. Still, a majority of the material revolves around the characteristics of oil and gas, electricity markets, financial markets, and risk. This stuff does not change that much.
I did these problem sets repeatedly. I have included links to some of those problem sets at the end of this article. I went through the text, and made flashcards of all the different types of calculations provided as examples in the text.
This will prepare you for all of the types of questions on the exam. I would pay special attention to the accounting methods of mineral rights and ordering components of oil and natural gas by their characteristics.
Resource 3 — Third party test prep resources There are a few third party test prep providers. Here are quick reviews of the ones I looked at.
However, they offer free YouTube videos that are awesome at explaining how to calculate answers to complex problems. I bought these and found little to no value in them. The information covers material from earlier years, and the questions do not follow the format of the exam.
The most effective way to prepare for the ERP is to engage in the material. It is important to read and study the coarse material, but doing many practice problems is by far more important. In , GARP began charging for their practice problem sets. It appears they have removed most of the old problem sets from their websites. The following two problem sets are still available: Quiz 4 Best of luck! I hope this article helps you prepare for the ERP. If you have other ideas or resources, be sure to put them in the comments for the rest of the community to learn from.
About The Author Peter Rohlfer has always been fascinated with markets. He started trading equity options in , and moved on to trading commodity futures in While studying for the ERP, Peter was exposed to the power markets, and has decided to transition to a Risk Analyst or Real Time Power Trader role with a power utility or power marketer.
3 Resources For Passing The ERP Exam
It was the calculation problems that ate up all the time for me. However, candidates have to demonstrate 2 years of relevant work experience to be able to earn the designation. HardwareZone Forum Insider on Facebook. Popular Content See all. That being said, the program does provide you with tools and additional material to develop your depth of knowledge over time. But at the same time your career prospects may vary according to stidy professional experience. An increasing number of global organizations are looking for accredited risk professionals to be able to add that competitive edge to survive in the modern industry.
GARP ERP STUDY MATERIAL PDF
Let me know if you have any other questions and good luck on the exam! Your email address will not be published. It was the calculation problems that ate up all the time for me. I found the time constraint a little difficult, but it seemed like some people were able to leave the exam early good or bad?
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