Trust is earned through accuracy, and accuracy is checkable. TestPassKing offers a free demo of the CIMA Risk Management material so P3 candidates can verify the quality before trusting us as friends in their preparation.
CIMA P3 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Risk Management |
| Exam Number: | P3 |
| Passing Score: | 100 (scaled score out of 150) |
| Exam Price: | Approx £195 / $260 USD (varies by region) |
| Exam Format: | Multiple-choice, Computer-based Objective Test, Multiple-response, Drag-and-drop, Number entry |
| Certificate Validity Period: | 3 years |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Related Certifications: | E3 Strategic Management Strategic Level Case Study F3 Financial Strategy |
| Exam Duration: | 90 minutes |
| Recommended Training: | CIMA Official Study Materials CGMA Study Hub |
| Exam Registration: | CIMA Official Registration Pearson VUE Booking |
| Sample Questions: |  |
| Exam Way: | Computer-based, taken at Pearson VUE authorized test centers or online proctored |
| Pre Condition: | Must complete Operational Level and Management Level exams; or hold relevant exemptions |
| Official Syllabus URL: | https://www.cimaglobal.com/Studying/Our-exams-and-assessments/Strategic-level/P3-Risk-Management/ |
CIMA P3 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: D. Cyber Risk | 20% | - Managing and mitigating cyber risk - Cyber risk reporting and assurance - Cyber threats and vulnerabilities - Cybersecurity frameworks and controls |
| Topic 2: A. Enterprise Risk | 25% | - Sources and types of risk - Enterprise Risk Management (ERM) principles - Risk assessment and evaluation frameworks - Risk management strategies and responses |
| Topic 3: B. Strategic Risk | 30% | - Risk oversight and governance - Impact of strategy on risk profile - Strategic risk identification - Reputational and compliance risks |
| Topic 4: C. Internal Controls | 25% | - Roles of internal audit and risk functions - Control effectiveness and monitoring - Design and implementation of control systems - Internal control reporting |
CIMA P3 Exam: Read Before You Buy
CIMA Risk Management is an official CIMA (Chartered Institute of Management Accountants) exam, catalogued under exam code P3. Passing it awards the CGMA Strategic Level certification at the Strategic / Professional level. It also connects with E3 Strategic Management, F3 Financial Strategy, Strategic Level Case Study. It is built for candidates with ambitious aims, and the credential it grants is recognized accordingly.
CIMA Risk Management spans 4 official domains, led by B. Strategic Risk (30%), D. Cyber Risk (20%), and A. Enterprise Risk (25%). The complete outline sits above; before getting down to business, look through the whole contents quickly so every later practice session has context.
The CIMA Risk Management exam presents 60 questions within 90 minutes. A practical tip from successful candidates: mark the most difficult questions during practice, exchange notes on them with friends, and repeat them until they stop being difficult. The TestPassKing engine makes that loop fast, and the clock stops being a threat.
Passing CIMA Risk Management requires 100 (scaled score out of 150), and official registration costs Approx £195 / $260 USD (varies by region). Retakes bill the full Approx £195 / $260 USD (varies by region) again, so verify readiness before booking: when your TestPassKing practice scores clear the requirement repeatedly, including on questions you once marked as difficult, you are ready.
Must complete Operational Level and Management Level exams; or hold relevant exemptions
Requirements change from time to time, so confirm the current conditions before registering on the official exam page.
CIMA Risk Management registration is handled through the official channels below.
When you schedule, note that the exam is delivered Computer-based, taken at Pearson VUE authorized test centers or online proctored.
CIMA (Chartered Institute of Management Accountants) recommends the following training for CIMA Risk Management candidates.
Combine any training with the 287 practice questions in the TestPassKing P3 package; one or two focused days of repeated practice after a course is often what locks the knowledge in.
Yes, a free demo of the CIMA Risk Management questions is available before purchase. Afterward, you can track freshness by the updating version number on the website, and whenever questions change we instantly email the details to you, free for 365 days. We even keep sending the latest questions after you pass, so you can follow every tiny change. After expiry, extending updates costs 50% of the regular price.
Your purchase carries a 100% money-back guarantee under clear conditions. Take the CIMA Risk Management exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. Alternatively, exchange for two other exam products of equal value, free, keeping the update service on your original purchase.
Delivery is instant: download after ordering, with an automatic email arriving within one minute. If nothing arrives within 2 hours, do not forget to check your junk mailbox, then contact customer service. Installation is unlimited across your computers.
CIMA Risk Management Sample Questions:
Jo is a well known entrepreneur who founded JIS. a global producer or high technology equipment JIS has grown rapidly and was listed two years ago JIS's share price has grown steadily since its listing Jo serves as both CEO and Chair A recent newspaper article has suggested that JIS would benefit from having a separate CEO and Chair Which TWO of the following arguments are valid?
- A. If Jo remains as CEO and a new Chair is appointed then Jo should still attend alt meetings between non-executive directors and the Chair.
- B. Jo's setving as both Chair and CEO gives clarity of leadership and means JIS benefits from Jo's skills and knowledge of the company
- C. If Jo remains as Chair and a new CEO is appointed then Jo will remain responsible for implementing policies to execute the Board's strategy
- D. Without a Chair to report to, Jo might pressurise the other directors into action that could damage JIS.
- E. There should be a division of responsibilities between the CEO running the Board and the Chair running the company's business
Correct Answer: D,E 🗳️
ABC is an online retail chain which operates on a 24/7 basis It has been updating its Cyber Security processes and has implemented a centralised monitoring process to track activity through its web access portal Which of the following activities will increase the awareness of its cyber security risk most effectively?
- A. ABC should monitor and record all failed access attempts.
- B. ABC should monitor and record every out of hours access
- C. ABC should monitor and record every device type used for access
- D. ABC should monitor and record every keystroke of every user.
Correct Answer: A 🗳️
Which TWO of the following are benefits of carrying out a post-completion audit of capital projects?
- A. A post-completion audit can help find out where a project went wrong so it can be fixed immediately.
- B. A post-completion audit can investigate variances from the budget on completed projects.
- C. A post-completion audit can help find out who was to blame for a project exceeding the budget.
- D. A post-completion audit can help management understand what went wrong with a project in order to try and prevent the same problem occurring in the future.
Correct Answer: B,D 🗳️
Internal controls are designed to provide reasonable assurance of which of the following?
- A. Management's plans have not been circumvented by collusion
- B. Management procedures and processes are properly evaluated
- C. The internal auditing department's oversight of management's performance is achieved economically and efficiently
- D. Material errors will be prevented or detected in a reasonable time period by employees in the course of carrying out their job
Correct Answer: D 🗳️
A US company has to pay £500,000 for a new machine.
You have the following information on currencies.
EUR 1 = £1.2300
EUR 1 = USD 1.6200
What is the cost of the machine in USD?
Give your answer to the nearest $.
Correct Answer:
$658501, $658537
