If you are preparing for the CIMA P3 Risk Management exam, you are probably wondering what topics are covered, what the exam objectives are, and how to pass the exam. The P3 exam is a comprehensive exam that tests your knowledge and understanding of risk management. This exam is part of the CIMA Professional Qualification and is designed to test your ability to identify, evaluate, and manage risks in an organization.
Exam Objectives:
- Understand the principles and concepts of risk management.
- Identify, assess, and prioritize risks in an organization.
- Design and implement risk management strategies and controls.
- Understand the role of risk management in strategic planning and decision-making.
- Communicate effectively with stakeholders about risk management issues.
The P3 exam is designed for finance professionals who are interested in developing their knowledge and skills in risk management. This exam is suitable for those who want to pursue a career in risk management, internal auditing, or compliance.
To take the P3 exam, you must have completed the CIMA Operational and Management level exams, or be exempt from them. You must also have completed the CIMA E3 Enterprise Strategy exam.
Related Books:
There are several books available to help you prepare for the P3 exam. Here are some recommended books:
- "CIMA P3 Risk Management: Exam Practice Kit" by Kaplan Publishing
- "CIMA P3 Risk Management: Study Text" by BPP Learning Media
- "CIMA P3 Risk Management: Revision Cards" by Kaplan Publishing
Exam Details:
The P3 exam is a computer-based exam that consists of objective test questions. The exam is 3 hours long and consists of 60 questions. The passing mark for the exam is 50%. The exam is delivered through Pearson VUE and can be taken at any Pearson VUE test center. The cost of the exam varies depending on your location, but it typically ranges from $400 to $500.
In conclusion, passing the CIMA P3 Risk Management exam requires a solid understanding of the principles and concepts of risk management, the ability to identify and assess risks, and the skills to design and implement risk management strategies and controls. By using the recommended books and studying the exam objectives, you will be well-prepared to take the P3 exam and successfully earn your CIMA Professional Qualification.