2016 Erp Studyguide Finalv3

Please download to get full document.

View again

of 20
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Information Report
Category:

Documents

Published:

Views: 0 | Pages: 20

Extension: PDF | Download: 0

Share
Related documents
Description
ERP
Tags
Transcript
  The globally r ec ec ogniz ognized designa tion f tion f or risk or risk professionals in the energy indus try try 2016 ERP ®  Exam Study Guide  THE ENERGY RIS PROFESSIONAL (ERP THE ENERGY RISK PROFESSIONAL (ERP ® ® ) EXAMINATION ) EXAMINATION The 2016 ERP Exam has been redesigned to better The 2016 ERP Exam has been redesigned to better accommodate the needs of candidates who strive to accommodate the needs of candidates who strive to achieve the designation. The volume and diversit achieve the designation. The volume and diversity of content necessar to comprehensivel assess of content necessary to comprehensively assess knowledge of the energ markets has grown in recent knowledge of the energy markets has grown in recent ears, making it increasingl challenging for man years, making it increasingly challenging for many candidates to prepare for a single 8-hour exam. candidates to prepare for a single 8-hour exam. Beginning in 2016, we are introducing a new 2-part Beginning in 2016, we are introducing a new 2-part exam structure that provides candidates the flexibilit to exam structure that provides candidates the flexibility to complete the ERP in one or two separate exam c cles. complete the ERP in one or two separate exam cycles. The 2-part ERP Exam is designed to assess The 2-part ERP Exam is designed to assess knowledge of the ph sical energ commodit and knowledge of the physical energy commodity and electricit markets, trading and structuring of electricity markets, trading and structuring of financial energ contracts, and the tools required to financial energy contracts, and the tools required to identif , measure, and manage risk across the energ identify, measure, and manage risk across the energy value chain. value chain. The ERP curriculum is guided b GARP’s Energ The ERP curriculum is guided by GARP’s Energy Oversight Committee (EOC) comprised of senior Oversight Committee (EOC) comprised of senior practitioners and academics with diverse backgrounds practitioners and academics with diverse backgrounds from across the energ industr . from across the energy industry.  2016 Energy Risk Professional (ERP ® ) Exam Study Guide © 2016 Global Association of Risk Professionals. All rights reserved. 3 2016 ERP EXAM LEARNING OBJECTIVES All 2016 ERP candidates should download and review the ERP Exam Learning Objectives Document for each reading. The Learning Objectives highlight detailed knowledge points that candidates are expected to understand and apply from each reading. Exam questions are developed from and directly linked to a specific Learning Objective. EXAM STRUCTURE The distribution of questions for each section of the 2016 ERP Exams is summarized below. The weights were chosen in conjunction with the EOC to create a balanced curriculum that reflects the relative importance of topics and functions across the energy value chain. The ERP Part I exam is a 4-hour exam consisting of 80 multiple choice questions drawn from the following physical energy market topics: Introduction to Energy Commodities and Risk Management 10%8 questionsCrude Oil Markets and Refined Products 35% 28 questionsNatural Gas and Coal Markets 25% 20 questionsElectricity Markets and Renewable Generation 30% 24 questions ERP Exam Part I Total 100% 80 questions The ERP Exam Part II is a 4-hour exam consisting of 60 multiple choice questions drawn from the following financial energy market and risk management topics: Price Formation in Energy Markets 15% 9 questionsFinancial Energy Products 25% 15 questionsRisk Management Tools 60% 36 questions ERP Exam Part II Total 100% 60 questions 2016 ERP STUDY GUIDE The 2016 ERP Study Guide summarizes the core concepts and readings required to prepare for the ERP Part I and Part II Exams, respectively. Current topics and readings have been selected by the EOC to ensure the exam curriculum remains timely and relevant for energy industry professionals. Several core concepts are linked to online sources that are available for download directly from the GARP website. Each online reading will be annotated with an asterisk (*) on the following pages. Returning 2015 ERP candidates should download and review the 2016 ERP Study Guide Changes document before they begin to prepare for the 2016 examinations. The Study Guide Changes document summarizes new readings, updated editions, and deleted readings relative to the 2015 curriculum.  ) Exam Study Guide © 2016 Global Association of Risk Professionals. All rights reserved.4 *An asterisk (*) before a reading title indicates that the reading is freely available on the GARP website.   ERP Exam Part I Introduction to Energy Commoditiesand Risk Management Part I Exam Weight| 10% ã Introduction to Energy Commodities and Risk Managementã Linking Physical and Financial Energy Markets ã Forward contracts and carry ã Market liquidityã Risk Management Overview ã The risk management process ã Basic types of risk 1. Glen Swindle. Valuation and Risk Management in Energy Markets  . (New York: Cambridge University Press, 2014). ã Chapter 1Context ã Chapter 2Forwards and Carryã Chapter 3Macro Perspective2. Michel Crouhy, Dan Galai and Robert Mark. The Essentials of Risk Management, 2nd Edition  . (McGraw Hill Education, 2014). ã Chapter 1Risk Management: A Helicopter Viewã Appendix 1.1Typology of Risk Exposures Readings for Introduction to Energy Commodities and Risk Management | 8 Questions
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks
SAVE OUR EARTH

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!

x