PDF Version DemoQuality compounds. Year after year, ActualPDF education experts refine the CIMA Risk Management collection, and your 2026 purchase includes 365 days of free updates to the P3 practice questions.
CIMA P3 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Risk Management |
| Exam Number: | P3 |
| Related Certifications: | CIMA Strategic Level Qualification F3 Financial Strategy E3 Strategic Management |
| Exam Duration: | 90 minutes |
| Exam Format: | Objective Test (multiple-choice questions), Computer-based exam |
| Certificate Validity Period: | Indefinite upon qualification completion (part of CGMA qualification structure) |
| Passing Score: | 100/150 (scaled score, approx. 50%) |
| Real Exam Qty: | 60 (Objective Test questions) |
| Available Languages: | English |
| Recommended Training: | CGMA Study Hub CIMA Official Learning Resources |
| Exam Registration: | Pearson VUE Scheduling Portal CIMA Official Exams Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based exam delivered via Pearson VUE test centers or remote proctoring (where available) |
| Pre Condition: | Completion of CIMA Operational Level (E1, P1, F1) and Management Level (E2, P2, F2) or equivalent progression requirements in CGMA qualification |
| Official Syllabus URL: | https://www.aicpa-cima.com/cimaexams |
CIMA P3 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Information Systems and Fraud Risk | - IT risk and controls
|
| Risk Management Frameworks | - Enterprise Risk Management (ERM)
|
| Risk Response and Mitigation | - Risk treatment strategies
|
| Internal Control and Governance | - Corporate governance principles
|
| Risk Types and Assessment | - Strategic and operational risks
|
CIMA P3 Exam: What Candidates Want to Know
CIMA Risk Management is an official CIMA (Chartered Institute of Management Accountants) certification exam, registered under the code P3. Passing it awards the CGMA Professional Qualification (Strategic Level) certification, a credential at the Professional level. It also connects to E3 Strategic Management, F3 Financial Strategy, CIMA Strategic Level Qualification. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.
The CIMA Risk Management exam presents 60 (Objective Test questions) questions within 90 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ActualPDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.
Completion of CIMA Operational Level (E1, P1, F1) and Management Level (E2, P2, F2) or equivalent progression requirements in CGMA qualification
Policies get revised, so confirm the current requirements before you register on the official exam page.
CIMA Risk Management registration is handled through the official channels below.
For scheduling purposes: the exam is delivered Computer-based exam delivered via Pearson VUE test centers or remote proctoring (where available).
Yes, CIMA (Chartered Institute of Management Accountants) recommends the following training for CIMA Risk Management candidates.
Complement any training with the 287 practice questions in the ActualPDF P3 package, because repeated application is what turns course knowledge into a passing score.
Yes. ActualPDF offers a free demo of the CIMA Risk Management questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your money is protected by a 100% money-back guarantee with defined 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. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, online 7/24 even on official holidays. Installation is unlimited across your computers.
CIMA Risk Management is organized into 5 official domains. The most heavily weighted are Information Systems and Fraud Risk, Risk Management Frameworks, and Risk Response and Mitigation. The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.
CIMA Risk Management Sample Questions:
B is a quoted construction company. Its Board consists of qualified and experienced engineers Which TWO of the following statements are correct?
- A. Creating a nominations committee from B's Board will resolve any issues
- B. B's Board cannot be blamed for recruiting like-minded individuals
- C. The quality of Board decisions may decrease.
- D. There is a greater risk of B's Board making strategic errors.
- E. The greater consistency arising from the composition of B's Board will be beneficial
Correct Answer: A,E 🗳️
A project has been evaluated on the basis that it will cost $22 million and will have a net present value of $4.3 million The project has commenced and $5 million of the $22 million has been invested. A problem has been discovered that will cost an additional $4.5 million to rectify. The $4.5 million will be payable immediately.
What is the NPV of continuing with this project?
- A. -$0.2million
- B. $1million
- C. -$5million
- D. $4.8million
Correct Answer: D 🗳️
Y Company wishes to recruit an employee who will have responsibility for the receipt and handling of cash From the point of view of the internal auditor which THREE of the following would be most likely to provide useful information about the candidate"?
- A. The candidate's personal referees
- B. The candidate's academic qualifications.
- C. Confirmation that the candidate does not have a criminal record
- D. The candidate's membership of a professional body
- E. References from previous employers of the candidate.
Correct Answer: A,D,E 🗳️
FGT is evaluating the political risks associated with its operations around the world.
Which of the following would indicate that a particular subsidiary has a high level of political risk?
- A. Forthcoming elections in the subsidiary's host country.
- B. The subsidiary's host country requires the active participation of local partners before the subsidiary can operate.
- C. The subsidiary employs a large number of nationals from the host country.
- D. The subsidiary is located a considerable distance from FGT's home country.
- E. Company law in the subsidiary host country is lax.
Correct Answer: A,B,E 🗳️
C Ltd is a private, family-owned company which is hoping to become listed on a recognised Stock Exchange within the next two years. At the moment, the Board of Directors comprises five directors; four of whom are from the founding family and all of whom are involved in the day-to-day running of the business. The remaining director obtained a seat on the Board three years ago as a condition of an investment by a venture capital fund.
The Board meets in half-day sessions once a fortnight and the Board meetings are reasonably well run. All decisions are taken by the Board as a whole. There are no sub-committees.
Which of the following steps would it be appropriate for C Ltd to take in the light of the proposed listing?
- A. Appoint enough independent non-executive directors (NEDs) that they make up at least 50% of the Board.
- B. Ensure that the current executive directors are given 10 year contracts starting on the day the company is floated, to ensure consistency and continuity in the management of the company.
- C. Appoint one of the NEDs as Chair of the Board.
- D. Set up at least three sub-committees namely remuneration, nomination, and audit committees.
- E. Set up an "agenda setting" sub-committee consisting of the current executive directors to decide the agenda for each Board meeting.
- F. Insist that the venture capital company director be removed as he is not necessarily motivated to act in the best interests of C Ltd.
Correct Answer: A,C,D 🗳️
