P3 is one of three strategic level objective test exams. These exams have to be completed before you can attempt the operational case study exam. Here is CIMA’s description of the P3 module:
“P3 shows how to identify, evaluate and manage various risks that couls adversely affect the implementation of the organisation’s strategy.
It provides the competencies required to analyse, evaluate and apply the techniques, processes and internal control systems required to manage risk.
This insight is then used to manage risk associates with both cash flows and capital investment decisions – two important areas of organisational life for which the finance function is responsible.”
See how P3 fits into the whole CIMA syllabus here.
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Every exam is randomly generated by a computer, therefore the questions are presented in no specific order and each student takes a different test.
The questions will be formatted in a number of different ways:
- Multiple choice & multiple response questions – You will be required to select the correct answer/answers from the several answers presented to you.
- Drop down questions– You will be asked to select the correct answer from a drop-down list of possible answers.
- Drag and drop questions – You will be asked to move an object/label to another location.
- Hot spot questions – These will require you to identify an area on an image by clicking on it.
Your results will be available as soon as you have finished your test. You will also be given feedback alongside your mark.
Find your nearest test centre
CIMA objective tests can be sat on demand on a day of your choice at any time throughout the year at a Pearson Vue Test Centre