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CIMA P3 exam covers topics such as risk identification, assessment, and evaluation, risk response and control, risk communication and reporting, and risk management frameworks. Candidates are expected to demonstrate their ability to apply these concepts to real-world scenarios and make recommendations to senior management. P3 exam is suitable for professionals working in risk management roles or aspiring to work in these roles. It is also relevant for those working in finance, accounting, or business management, as risk management is essential to their roles. Passing the CIMA P3 exam can lead to career advancement opportunities and demonstrate a commitment to continuous professional development.

CIMA P3 Exam is a three-hour computer-based exam that consists of 60 objective test questions. P3 exam is divided into two sections, with the first section focusing on the principles and concepts of risk management, and the second section focusing on the application of those principles in practical scenarios. P3 exam is designed to test candidates' understanding of the key concepts of risk management, their ability to analyze and evaluate risks, and their ability to develop and implement effective risk management strategies. Candidates who successfully pass the CIMA P3 exam will be awarded the CIMA Certificate in Risk Management.

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Salary of CIMA P3: Risk Management Exam

United States: 90,000 USDEurope: 80,000 EuroIndia: 6,800,100 INREngland: 68,500 Pound

CIMA Risk Management Sample Questions (Q173-Q178):

NEW QUESTION # 173
The Committee of Sponsoring Organisations (COSO) outlined six key principles of Enterprise Risk Management (ERM).
Which of the following are COSO key principles?

A. The creation of a risk aware culture.
B. Consideration of the main risk only which is financial risk.
C. Risk management is the responsibility of the risk committee.
D. A comprehensive and holistic approach to risk management.
E. Consideration of risk management in the context of business strategy.

Answer: A,D,E

NEW QUESTION # 174
A government department is conducting a value for money audit on a school.
The school's pupils sit leaving exams. Classify each of the audit tests as either economy and efficiency or effectiveness.

Answer:

Explanation:

NEW QUESTION # 175
Under the COSO Enterprise Risk Management Framework, who is responsible for risk management?

A. Managers and directors only.
B. The shareholders.
C. Every member of the entity.
D. The board of directors only.

Answer: C

NEW QUESTION # 176
Select the correct ethical principle that corresponds to each ethical dilemma described.

Answer:

Explanation:

NEW QUESTION # 177
B is a horticultural retailer with limited funds available to acquire new retail property.
B's Finance Manager has analysed two potential property investments. Investing in property P shows an IRR of 21% while the IRR on property Q is 17%.
The Finance Manager has also advised that the NPV for property P is $750K, while the NPV of property Q is
$850K.
The Board needs to choose between the two properties as it has insufficient funds for both. Based purely on the Finance Manager's analysis, which of the following is true?

A. Premises Q is clearly better than property P in all respects.
B. Premises P is clearly better than property Q in all respects.
C. Board members who wish to maximise return on capital employed will want property P while those who wish to maximise shareholder wealth will want property Q.
D. Board members who wish to maximise return on capital employed will want property Q while those who wish to maximise shareholder wealth will want property P.

Answer: C

NEW QUESTION # 178
......

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