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Personal CMA Part 2 Notes on Capital Budgeting & ERM 

01-26-2026 10:12 AM

While preparing for the US CMA exam, I found that some topics (especially Capital Budgeting and Enterprise Risk Management) felt clear in theory but confusing in exam-style questions.

So I started writing simple personal notes for myself, focused on:
how to think through questions,
how to avoid common mistakes,
and how to structure answers more clearly.

These notes are not official study material and are not meant to replace review courses. They are simply my personal way of understanding and revising difficult concepts in a more practical and logical manner.

I am sharing them here in case they are helpful to other CMA candidates who may be facing similar confusion while studying.

Click Personal CMA study notes (Capital Budgeting & ERM)

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