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As a major CIMA exam recognized by most companies, the CIMA Risk Management deserves real preparation. VCE4Dumps delivers 287 practice questions for the P3 exam in 2026.
CIMA P3 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Risk Management |
| Exam Number: | P3 |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 60 |
| Available Languages: | English |
| Passing Score: | 100 (scaled score out of 150) |
| Certificate Validity Period: | 3 years |
| Related Certifications: | F3 Financial Strategy E3 Strategic Management Strategic Level Case Study |
| Exam Price: | Approx £195 / $260 USD (varies by region) |
| Exam Format: | Computer-based Objective Test, Multiple-response, Number entry, Drag-and-drop, Multiple-choice |
| 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 |
|---|---|---|
| A. Enterprise Risk | 25% | - Risk assessment and evaluation frameworks - Risk management strategies and responses - Sources and types of risk - Enterprise Risk Management (ERM) principles |
| C. Internal Controls | 25% | - Internal control reporting - Roles of internal audit and risk functions - Control effectiveness and monitoring - Design and implementation of control systems |
| B. Strategic Risk | 30% | - Risk oversight and governance - Impact of strategy on risk profile - Strategic risk identification - Reputational and compliance risks |
| D. Cyber Risk | 20% | - Cyber threats and vulnerabilities - Cyber risk reporting and assurance - Cybersecurity frameworks and controls - Managing and mitigating cyber risk |
P3 Exam FAQ — Professional Answers
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The CIMA Risk Management is delivered Computer-based, taken at Pearson VUE authorized test centers or online proctored, so pick the arrangement that fits your schedule.
Yes — download the free trial of the CIMA Risk Management material before you buy. Members then enjoy free updating for 365 days, with new versions emailed promptly; renew afterward at 50% off.
The CIMA Risk Management is CIMA's certification exam for CGMA Strategic Level, at the Strategic / Professional level. As a major exam recognized by most companies, it proves your IT ability to employers — including the big international ones. Related credentials include E3 Strategic Management, F3 Financial Strategy, Strategic Level Case Study.
The CIMA Risk Management blueprint covers 4 domains — including B. Strategic Risk (30%), A. Enterprise Risk (25%), C. Internal Controls (25%). Pay attention to the key points where weightings concentrate; the full outline above lists every subtopic.
Approx £195 / $260 USD (varies by region) per attempt, 100 (scaled score out of 150) to pass. Half the effort works only with the right focus — rehearse with the 287 practice questions for the P3 exam at VCE4Dumps before booking.
Must complete Operational Level and Management Level exams; or hold relevant exemptions Eligibility rules are updated periodically, so verify the current requirements on the official page (official P3 exam page) before registering.
Files arrive by automatic email within a minute of payment — unlimited devices, and 24/7 customer assisting for any downloading or purchasing problem if nothing shows up within 2 hours. If you get a bad result on the corresponding P3 exam within 60 days of purchase, the money is fully refunded: send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. You may instead exchange for two equal-value products free.
90 minutes for 60 questions. The online engine simulates the formal test atmosphere — practice anywhere, so the clock feels familiar on the day.
Yes:
Pair any official course with the 287 practice questions for the CIMA Risk Management — answers expert-verified, suitable for any level of candidate.
CIMA Risk Management Sample Questions:
HGY is a major global corporation that has decided to implement the COSO Enterprise Risk Management Framework and integrate management practices throughout the organisation Which THREE of the following would be appropriate for HGY?
- A. Train staff at all levels to identify and report risks to their superiors
- B. Create a risk management team that will take responsibility for identifying and mitigating risk
- C. Make risk management an element of everyone's responsibility
- D. Recruit a Director of Risk, who will lead risk management procedures.
- E. Authorise managers and supervisors to respond immediately to any risks that emerge
- F. Identify risk as an element of HGY's overall strategy.
Correct Answer: B,C,F 🗳️
ABC produces fashion garments for sale m its chain of high street retail outlets.
Which THREE of the following activities would result m the organisation having to review its cyber security risks management program?
- A. ABC is introducing online shopping for certain limited ranges of clothing
- B. ABC's sales figures show strong seasonal bios
- C. ABC has announced year-on-year trading figures with 5% increase
- D. ABC is introducing a loyalty bonus store-card for regular shoppers
- E. ABC is shipping the new season range of fashionwear to the retail outlets
- F. ABC has acquired an overseas garment manufacturer
Correct Answer: A,B,D 🗳️
The management of U is reviewing internal controls throughout the company. It has noted the following:-
1. In the trade receivables section, journal adjustments are made by the clerks, without any reference to their supervisor. Journal adjustments may relate to sales returns, discounts allowed, or transfers between accounts.
2. In the purchasing department, the purchasing manager selects and approves all suppliers, as they are the only person with sufficient experience to do so. They use a very limited number of suppliers because they can rely on these suppliers to provide goods of the quality required at a competitive price. They do not keep any documents in relation to negotiations with other potential suppliers or other quotes obtained.
In relation to the above, which of the following statements are valid?
- A. The way the role of purchasing manager is carried out in U increases the chance that the company will fall victim to fraudulent activity.
- B. Clerks making journal adjustments without reference to their supervisor is evidence of inadequate separation of duties.
- C. It is acceptable for clerks in the trade receivables section to make journal adjustments without authorisation provided the amounts involved are not material to U's financial statements.
- D. The fact that the purchasing manager does not keep documentation relating to negotiations with suppliers, or potential suppliers, is evidence that they are involved in fraudulent activity.
- E. The fact that the purchasing manager uses a very small number of suppliers is, in itself, a sign of poor internal controls.
- F. It is acceptable for clerks in the trade receivable section to make journal adjustments without authorisation, provided they have no access to cash receipts.
Correct Answer: A,B 🗳️
P Ltd, a manufacturing company, is considering a new capital investment project to set up a new production line. The initial appraisal shows a healthy net present value of $6,465 million at a discount rate of 10% as shown in the table below:
However, management is unsure about the demand for the product which will be produced and has insisted that the future revenues should be reduced to certainity equivalents by taking 70%, 65% and 60% of the years
1,2, and 3 cash inflows respectively.
What should P do?
- A. Put pressure on sales and marketing to re-verify their forecasts.
- B. Proceed with the project, it has a healthy net present value.
- C. Re-appraise the project using other capital appraisal techniques to get a more balanced view.
- D. Stop the project, it has considerable risk.
Correct Answer: C 🗳️
A US company enters into a five year borrowing with bank A at a floating rate of USD Libor plus 2%.
It simultaneously enters into an interest rate swap with bank B at 3.5% fixed against USD Libor plus 1%.
What is the hedged borrowing rate, taking the borrowing and swap into account?
Give your answer to 1 decimal place
Correct Answer:
4.5%
