CIMA P3 Objective Test Exam
CIMA P3: Risk Management
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’s a summary of the P3 module:
“CIMA P3 shows how to identify, evaluate and manage various risks that could 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.
It also contains a section raising your awareness to cyber risks. 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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Syllabus weightings & Assessment strategy
25% – Enterprise risk
25% – Strategic risk
25% – Internal controls
25% – Cyber risks
You will be assessed through a 90-minute long computerised objective test consisting of 60 equally weighted questions. All learning areas of the syllabus will be covered, therefore it is important that you revise ALL topics for the exam. The topic weighting mentioned above will also be reflected in the test. The pass mark is 70%.
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