Risk Management Principles and Practices
The Burnham System
ARM 54
Basic Study Material

The Burnham System is written and frequently revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, REBC, RHU, ASF, LIA, CASL, and ChFC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, and AIAF; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, RWCS, RHU, REBC, CASL, AIC, EA, and ChFC.

Copyright © 2018 The Burnham System

ARM 54
Bound, Digital, & Audio Book Bundle

Risk Management Principles and Practices Study Guide

The Burnham System is the gold standard for ARM 54 study guide materials. Using our guide you will learn everything needed to pass the ARM 54 Exam in the shortest time possible. Simply, you will learn more faster.


Included for FREE with your purchase of this Bound Study Guide:

  • ARM 54 Audio Study Guide Narrations, in MP3 file format, expertly narrated by Lisa Tobey
  • ARM 54 Digital Study Guide Book, in PDF file format
  • Ethics IIA 311 Audio Study Guide Narrations, in MP3 file format, expertly narrated by Lisa Tobey
  • Ethics IIA 311 Digital Study Guide Book, in PDF file format
  • Ethics IIA 311, in Bound Book format
  • Ray's answers to each assignment's review questions
  • Ray's definitions for each assignment's key words and other new terms
  • A sample diagnostic exam with answers and explanations


PDF Notice: PDF files are not printable. They are digitally annotatable.


Current Text Edition: 3rd

Current Course Guide Edition: 3rd


Ray's estimate of course difficulty (1, easiest and 10, hardest): 7


Number of study guide pages: 54

Covered within this study guide:

  • Introduction to Risk Management
  • Risk Management Standards and Frameworks
  • Hazard Risk
  • Operational Risk
  • Financial Risk
  • Strategic Risk
  • Risk Management Framework and Process
  • Risk Identification
  • Risk Analysis
  • Risk Treatment
  • Big Data Analytics for Managing Risk
  • Capital Investment and Financial Risk
  • Monitoring and Reporting on Risk

As a good study guideline, figure anything in those 54 pages might be on your exam and that there will be nothing on your exam that is not covered in those 54 pages.


The Burnham System is written and frequently revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, REBC, RHU, ASF, LIA, CASL, and ChFC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, and AIAF; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, RWCS, RHU, REBC, CASL, AIC, EA, and ChFC.

Availability: In stock

$295.00