CIMA P3 Exam Information and Actual Questions
- Exam Code/Number: P3
- Exam Name/Title: Risk Management
- Certification Provider: CIMA
- Corresponding Certification: CIMA Strategic Level Case Study Exam
- Exam Questions: 287
- Updated On: Jun 17, 2026
P3
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CIMA
P3 Exam
Risk Management
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CIMA P3 Exam Overview:
| Certification Vendor: | The Chartered Institute of Management Accountants (CIMA) |
| Exam Name: | Risk Management |
| Exam Number: | P3 |
| Real Exam Qty: | 60 |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Exam Format: | Computer-based Objective Test, Multiple choice, Multiple response, Number entry, Drag and drop |
| Exam Price: | Exam entry fees vary by region and membership status (e.g., ~$331 via AICPA & CIMA pricing) |
| Related Certifications: | CIMA E3 Strategic Management CIMA F3 Financial Strategy CIMA Strategic Case Study (SCS) |
| Passing Score: | 100 scaled score (approx. ~67%) |
| Sample Questions: | CIMA P3 Sample Questions |
| 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: Strategic Risk | 25% | - Risks in strategy formulation - Role of board and audit committees - Reputational and governance risk |
| Topic 2: Internal Controls | 25% | - Internal audit and compliance - Designing and recommending controls - COSO Internal Control Framework |
| Topic 3: Cyber Risk | 25% | - Cyber risk reporting frameworks - Data protection and controls (ISO27001, NIST) - Cybersecurity threat types |
| Topic 4: Enterprise Risk | 25% | - ERM frameworks (e.g., COSO, ISO 31000) - Risk registers and assurance mapping - Sources and types of risk - Risk exposure, appetite and capacity |
CIMA P3 exam is a challenging exam that requires a deep understanding of risk management principles and their application in real-world scenarios. It is designed to test the skills and knowledge of candidates in a variety of areas, including strategic risk management, operational risk management, and financial risk management. Candidates who successfully pass the CIMA P3 exam will have demonstrated their ability to identify and manage risks effectively, making them valuable assets to any organization.
Introduction to CIMA P3: Risk Management Exam
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CIMA P3 (Risk Management) Certification Exam is a valuable certification for professionals who want to develop their risk management skills and obtain recognition for their expertise. It is a globally recognized certification that covers various topics related to risk management and is suitable for professionals who have experience in risk management, finance, or accounting. P3 exam is structured in two parts and is designed to test a candidate's ability to apply risk management concepts to real-life scenarios.