Risk Management: P3 Exam
"Risk Management", also known as P3 exam, is a CIMA Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 287 Q&As to your P3 Exam preparation. In the P3 exam resources, you will cover every field and category in CIMA Strategic Level Case Study Exam Certification helping to ready you for your successful CIMA Certification.
PrepPDF offers free demo for P3 exam (Risk Management). You can check out the interface, question quality and usability of our practice exams before you decide to buy it.
- Exam Code: P3
- Exam Name: Risk Management
- Certification Provider: CIMA
- Corresponding Certification: CIMA Strategic Level Case Study Exam
- Updated: Sep 23, 2026
- No. of Questions: 287 Questions & Answers with Testing Engine
- Download Limit: Unlimited
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Focus beats breadth. PrepPDF commits its resources to the specific requirements of certification candidates — and the P3 package shows it: 287 practice questions, three engines, and nothing padded.
CIMA P3 Exam Overview:
| Certification Vendor: | The Chartered Institute of Management Accountants (CIMA) |
|---|---|
| Exam Name: | Risk Management |
| Exam Number: | P3 |
| Exam Price: | Exam entry fees vary by region and membership status (e.g., ~$331 via AICPA & CIMA pricing) |
| Exam Duration: | 90 minutes |
| Related Certifications: | CIMA F3 Financial Strategy CIMA Strategic Case Study (SCS) CIMA E3 Strategic Management |
| Available Languages: | English |
| Exam Format: | Drag and drop, Multiple choice, Number entry, Computer-based Objective Test, Multiple response |
| Passing Score: | 100 scaled score (approx. ~67%) |
| Real Exam Qty: | 60 |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | On-demand computer-based testing at Pearson VUE test centres worldwide or online (subject to CIMA arrangements). |
| Pre Condition: | Completion of CIMA Management level (E2, P2, F2 and Management Case Study) or relevant exemptions required before registering for Strategic level exams. |
| Official Syllabus URL: | https://www.cimaglobal.com/Studying/Qualifications/CIMA-Professional-Qualification/Strategic-Objective-Tests-P3/ |
CIMA P3 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise Risk | 25% | - Risk exposure, appetite and capacity - ERM frameworks (e.g., COSO, ISO 31000) - Sources and types of risk - Risk registers and assurance mapping |
| Topic 2: Strategic Risk | 25% | - Reputational and governance risk - Risks in strategy formulation - Role of board and audit committees |
| Topic 3: Cyber Risk | 25% | - Cyber risk reporting frameworks - Cybersecurity threat types - Data protection and controls (ISO27001, NIST) |
| Topic 4: Internal Controls | 25% | - COSO Internal Control Framework - Internal audit and compliance - Designing and recommending controls |
Frequently Asked Questions: CIMA Risk Management Exam
The CIMA Risk Management exam requires 100 scaled score (approx. ~67%) to pass, and registration costs Exam entry fees vary by region and membership status (e.g., ~$331 via AICPA & CIMA pricing). A failed attempt means paying the same fee again — a readiness check with the PrepPDF engines before booking is the cheaper option.
CIMA recommends these training resources for the CIMA Risk Management exam:
Follow the training with steady self-testing — the 287 practice questions from PrepPDF help you apply theory and fill any gaps the training leaves.
The P3 exam is a CIMA certification exam validating the CIMA Risk Management syllabus shown above. It belongs to these credential paths: CIMA E3 Strategic Management, CIMA F3 Financial Strategy, CIMA Strategic Case Study (SCS). Candidates in 2026 prepare for it with PrepPDF's 287 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
PrepPDF issues a full refund if you take the CIMA Risk Management exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.
On-demand computer-based testing at Pearson VUE test centres worldwide or online (subject to CIMA arrangements). Register for the CIMA Risk Management exam through these official channels:
After booking, PrepPDF delivers your practice questions within 1 minute — preparation starts the same day.
The CIMA Risk Management exam contains 60 to complete within 90 minutes. Timed simulation in the PrepPDF Desktop Test Engine teaches that rhythm before exam day does.
The official CIMA Risk Management outline defines 4 domains. The leading three are Strategic Risk (25%), Internal Controls (25%), and Cyber Risk (25%). The full list is in the topics section above, and PrepPDF's 287 practice questions cover each one.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows that simulates the real exam with two practice modes and works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 287 practice questions are identical across versions. Every purchase includes 365 days of free updates — whenever a new version is compiled, it is sent to you automatically — plus a 50% renewal discount afterward and unlimited computer installations.
Completion of CIMA Management level (E2, P2, F2 and Management Case Study) or relevant exemptions required before registering for Strategic level exams. Since requirements change over time, confirm the latest on the official CIMA exam page before scheduling.
CIMA Risk Management Sample Questions:
The senior manager in the accounts department is going on annual leave for three weeks and Jo, a supervisor is being put in charge of the department for that time.
Which TWO of the following statements are correct?
- A. Authorisation of expenses should wait until the senior manager returns.
- B. Authorisation of exceptional overtime due to the year end which takes place while the senior manager is on leave should be postponed until the senior manager returns
- C. Jo should not have all of the same authority as the senior manager
- D. Job interviews for an office junior should be cancelled until the senior manager returns.
- E. The annual staff appraisals should be postponed until the senior manager returns
Correct Answer: B,E 🗳️
The technology used by 3D printers is developing rapidly These machines can now use a data file to print a solid object Depending on the printer the object can be plastic, metal or ceramic The increasing capability of those printers is being matched by the falling prices of the printers themselves and of the materials that they use to create the finished product Which THREE of the following suggest that 3D printing is a potentially disruptive technology?
- A. There is a limit to the size of objects that can be 3D printed.
- B. The printers use expensive materials
- C. Some courier companies have purchased 3D printers for their depots
- D. Design engineers typically design and draw plans for new products on their computers.
- E. Parts created by 3D printers can be distorted during the print process
- F. Many of the spare parts used to repair cars are made out of plastic or metal.
Correct Answer: A,C,D 🗳️
Company N is considering opening another production plant in Northland, a country 2000 km from its current production plant location N would also sell its products in Northland Which TWO of the following are business risks'
- A. The risk that the Northland currency may strengthen making it expensive.
- B. The risk that interest rates may rise making N's loans expensive.
- C. The risk that Northland's government may introduce policies that would be unfavorable to N.
- D. The risk that Northland may not be able to support N's technology requirements.
- E. The risk that it may be difficult to sell its products in Northland.
Correct Answer: D,E 🗳️
JKL is a retailer with more than 45 shops around the country. The directors suspect that a serious fraud has occurred at one of the branches and a team of internal auditors has been sent to investigate An analytical review investigation shows that sales revenue is in line with budget, but overtime payments to shop staff exceed budget by 20%.
How should the internal audit team proceed?
- A. Conduct additional detailed testing of all figures.
- B. Increase the evaluation of control risk
- C. Conduct additional detailed testing on overtime payments
- D. Increase the evaluation of inherent risk
Correct Answer: C 🗳️
MNO is a hotel chain which consists of many small local hotels spread throughout Sealand and often used by business customers It has decided to undertake scenario planning to see how it might be affected by changes in the future.
Which TWO of the following scenarios would be helpful in strategic scenario planning for MNO?
- A. Climate change
- B. The increase in the use of search apps to book hotel rooms
- C. The growth in internet services that facilitate short-term room lets by private landlords.
- D. A change in local business rates for private property.
- E. An increase in interest rates
Correct Answer: B,C 🗳️
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