CIMA P3 Practice Test Questions Answers
Exam Code: P3
(Updated 339 Q&As with Explanation)
Exam Name: Risk Management
Last Update: 09-Jan-2025
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P3 Overview
CIMA P3 Exam Overview
| Overview | Description |
|---|---|
| Certification | Chartered Institute of Management Accountants (CIMA) Professional Qualification - P3 Strategic Level |
| Exam Title | Effective Performance Management |
| Delivery | Computer Based Testing (CBT) |
| Prerequisites | Successful completion of CIMA P2 exams |
| Exam Duration | Three hours |
| Number of Questions | Typically a mix of objective test (multiple choice) and scenario-based questions (exact format may vary) |
| Passing Score | Not publicly disclosed, but generally around 55% |
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CIMA P3 Exam Topics Breakdown
| Exam Section | Percentage of Questions | Description |
|---|---|---|
| Business Analysis | 30% | Analysing the strategic environment, including internal and external factors impacting the organization. |
| Strategic Management | 35% | Developing, implementing, and monitoring strategic plans, including a focus on risk management. |
| Financial Management | 20% | Applying financial analysis techniques to support strategic decision-making, including cost of capital and investment appraisal. |
| Management Accounting | 15% | Using advanced management accounting tools for performance measurement and business partnering. |
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