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CIMA P3 Exam Overview:

Certification Vendor:	CIMA (Chartered Institute of Management Accountants)
Exam Name:	Risk Management
Exam Number:	P3
Exam Price:	Approx £195 / $260 USD (varies by region)
Exam Format:	Computer-based Objective Test, Multiple-choice, Drag-and-drop, Number entry, Multiple-response
Exam Duration:	90 minutes
Certificate Validity Period:	3 years
Passing Score:	100 (scaled score out of 150)
Related Certifications:	E3 Strategic Management Strategic Level Case Study F3 Financial Strategy
Real Exam Qty:	60
Available Languages:	English
Recommended Training:	CIMA Official Study Materials CGMA Study Hub
Exam Registration:	CIMA Official Registration Pearson VUE Booking
Sample Questions:	CIMA P3 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/

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CIMA P3 exam is an important examination that tests the knowledge and skills of candidates in risk management. P3 exam is designed to assess candidates' ability to identify, evaluate, and manage risks in an organization. P3 Exam covers a wide range of topics, including risk identification, evaluation, and management, as well as risk communication, governance, and culture.

CIMA Risk Management Sample Questions (Q112-Q117):

NEW QUESTION # 112
GHJ is a manufacturing company that insures against the financial costs associated with industrial injuries involving staff. The Health and Safety Office is part of GHJ's Operations Department. GHJ's insurers will automatically increase the insurance premium by 10% in the event of a claim against the policy.
Which TWO of the following are correct?

A. The risk that a serious accident could impair the morale of uninjured staff is related to the financial risk associated with accidents.
B. The risk of an increase in the cost of injury insurance cover should be made the responsibility of the company's finance function
C. The automatic increase in the insurance premium is part of the financial risk associated with industrial injuries.
D. Linking the risks associated with industrial injuries will overcomplicate the management of those risks.
E. The insurance cover means that management need only be concerned with the possibility of a 10% increase in the premium m the event of a serious accident.

Answer: B,C

NEW QUESTION # 113
JC is a car manufacturing company in country C and manufactures diesel cars It is facing a number of serious risks Which TWO of the following risk factors are external?

A. JC's marketing director is considering an attractive job offer from one of J's main competitors
B. JC is facing court action arising from injuries to customers caused by an alleged brake failure in one of its cars
C. Country F, JC's main market, is threatening to impose tariffs on car imports
D. Diesel cars are being criticised by experts because it is believed they cause more harmful pollution than petrol
E. JC's production staff are complaining that their wages are too low compared to wages paid to other employees.

Answer: C,D

NEW QUESTION # 114
DFG is the largest bridge-building company in its home country, H.
DFG works exclusively for the government of country H and the government awards DFG 80% of the contracts to build new bridges.
DFG's directors are considering using the big data approach to identify opportunities to increase sales revenues and profit.
Which of the following statements are true?

A. DFG should supplement its existing databases in order to enhance the benefit from big data.
B. Big data has the potential to identify ways in which DFG can increase sales.
C. It would be unethical for DFG to use big data in order to compete even more effectively with its rivals.
D. The big data approach may help DFG to price contract bids more accurately.
E. Big data has the potential to identify ways in which DFG can reduce construction costs.

Answer: A,D,E

NEW QUESTION # 115
You are in process of compiling a risk register for P, a company which maintains railway tracks. This helps prevent accidents and ensures the trains are not disrupted due to problems with the track.
Which of the following statements are valid?

A. The risk register for P should be updated frequently: for example, every two weeks.
B. A risk register should profile each risk in terms of probability and consequence.
C. The risk register should specify the individual, or group of individuals, responsible for the management of each risk.
D. A risk register should concern itself with only the direct consequences of each risk such as injury to passengers and ignore indirect risks, such as re-routing trains due to an accident.
E. A properly compiled risk register will identify all the risks to which P could possibly be exposed.

Answer: B,C

NEW QUESTION # 116
G is an administrator who works for TRF TRF issues its staff with laptop computers that can be linked to the corporate network via Wi-Fi when they are working in the office Staff are permitted to work from home and can connect their company laptops to TRF's network via the internet in order to access files and send and receive emails The software on G's laptop has not been updated for several months When G last updated the software it erased a draft report that he had been working on from his machine Ever since, whenever he logs in and is automatically offered the opportunity to install available updates he clicks the 'install later' option on his screen Some of the outstanding updates relate to the laptop's operating system and others to the software applications such as word processing and spreadsheet packages Which TWO of the following are correct?

A. G's failure to update the operating system is more serious than the failure to update applications.
B. There will be no security risks if G only ever connects to TRF's network via the office Wi-Fi.
C. G should be disciplined for failing to install updates
D. TRF should not permit staff the option of deferring updates
E. Users know whether updates are necessary because they know how their laptops are used.

Answer: A,D

NEW QUESTION # 117
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