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| Section | Weight | Objectives |
|---|
| Enterprise Risk | 25% | - Sources and types of risk - Risk exposure, appetite and capacity - ERM frameworks (e.g., COSO, ISO 31000) - Risk registers and assurance mapping
|
| Cyber Risk | 25% | - Cyber risk reporting frameworks - Data protection and controls (ISO27001, NIST) - Cybersecurity threat types
|
| Internal Controls | 25% | - Internal audit and compliance - Designing and recommending controls - COSO Internal Control Framework
|
| Strategic Risk | 25% | - Reputational and governance risk - Role of board and audit committees - Risks in strategy formulation
|
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The real and updated Prep4sureExam P3 exam dumps file, desktop practice test software, and web-based practice test software are ready for download. Take the best decision of your professional career and enroll in the Risk Management (P3) certification exam and download Prep4sureExam Risk Management (P3) exam questions and starts preparing today.
CIMA Risk Management Sample Questions (Q168-Q173):
NEW QUESTION # 168
In terms of Cyber Security, which THREE of the following represent Personally Identifiable Information (Pll)?
- A. Football team affiliation
- B. First pet's name
- C. Position held in a charity.
- D. Sports club membership number
- E. Model of first car.
- F. Old phone number
Answer: A,C,D
NEW QUESTION # 169
Which TWO of the following are NOT methods used for risk identification?
- A. Accounting for waste in a manufacturing process
- B. Carrying out interviews on key members of staff
- C. Brainstorming ideas with colleagues from different disciplines within the business
- D. Employing external advisors with specialist knowledge
- E. Designing a process to deal with complaints
Answer: C,E
NEW QUESTION # 170
A project has been evaluated on the basis that it will cost $22 million and will have a net present value of $4.3 million The project has commenced and $5 million of the $22 million has been invested. A problem has been discovered that will cost an additional $4.5 million to rectify. The $4.5 million will be payable immediately.
What is the NPV of continuing with this project?
- A. -$5million
- B. $4.8million
- C. $1million
- D. -$0.2million
Answer: B
NEW QUESTION # 171
M is a multinational IT company with headquarters in Asia and with operations in all continents.
It is now trying to expand its operations in Europe. This is seen as a major challenge as the European market is very well developed with established players in fierce competition against each other.
As well as developing and producing its own products, it sources products across Asia, America and Europe as part of infrastructure deals which have to include as much of its own equipment as possible. In doing this, transfer prices can be set in YEN, USD, EURO, GBP. Transfer prices are revised every month in line with production times as most goods are made on short order times with sales cycles running at 3-4 months.
The longer sales cycle against committed transfer pricing presents problems as customers expect quotes to be valid for 90 days whereas M's suppliers reserve the right to revise pricing at the end of every month with quotes only valid for 8 days in the following month.
How should M deal with this problem?
- A. Use a centralised treasury function to set up unilateral netting so that all trades can be balanced off against each other before any money is transferred.
- B. Offer a small discount for any customers who pay in M's home currency.
- C. Incentivise sales persons to be more accurate when forecasting prices.
- D. Do nothing, everyone is in the same situation.
Answer: A
NEW QUESTION # 172
T has its computer facilities in a building adjacent to its headquarters Severe structural problems have been discovered with this building and T has been advised that the only option is demolition and rebuild This leaves T with strategic decisions to make about its IT provision and it has decided to investigate the outsourcing of its services Which TWO of the following factors should T consider as most important at this stage?
- A. A supplier who can act as its agent in choosing the cheapest options
- B. A supplier who can act as a partner in considering all its business needs
- C. A supplier who provides a wide range of services
- D. A supplier who has facilities conveniently located close to its headquarters
- E. A supplier with a long history of providing outsourcing services
Answer: D,E
NEW QUESTION # 173
......
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