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Last Update : December 16, 2024
Latest Question & Answers : 225
Exam Question Provider : Cima
Certification Exam Name : CIMA Strategic level, Risk Management,
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To earn the Risk Management certification, you'll need to pass the relevant exam offered by Cima.
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The CIMA P3 exam is a key component of the CIMA Professional Qualification, designed to test candidates' understanding of risk management principles, including risk identification, risk evaluation, and risk response strategies.
The CIMA P3 (Risk Management) exam is part of the Chartered Institute of Management Accountants (CIMA) Professional Qualification. It focuses on identifying, evaluating, and managing various types of risk that can affect an organization's strategy and operations.
The CIMA P3 exam typically consists of 60 objective test questions.
The passing score for the CIMA P3 exam is 70 out of 150, which is approximately 47%.
The competency level required for the CIMA P3 exam is set at the Management level, which is part of the CIMA Professional Qualification framework.
The question format of the CIMA P3 exam includes multiple-choice questions, multiple response questions, and other objective test question types.
You can take the CIMA P3 exam at a Pearson VUE test center or through online remote proctoring.
The CIMA P3 exam is offered in English.
The cost of the CIMA P3 exam varies by region, but it generally ranges from £100 to £200.
The target audience for the CIMA P3 exam includes management accountants, financial professionals, and individuals seeking to advance their careers in risk management and strategic decision-making.
The average salary of a CIMA P3 certified professional can vary widely depending on experience, location, and role, but it generally ranges from £40,000 to £70,000 per year.
The testing providers for the CIMA P3 exam are Pearson VUE test centers and the online remote proctoring service offered by Pearson VUE.
The recommended experience for the CIMA P3 exam includes a solid understanding of management accounting principles and practical experience in risk management.
The prerequisites for the CIMA P3 exam include passing the CIMA Operational level exams or having an equivalent qualification.
There is no fixed retirement date for the CIMA P3 exam; it is updated periodically to reflect current practices and standards in risk management.
The roadmap for the CIMA P3 exam includes progressing through the CIMA Professional Qualification levels: Operational, Management, and Strategic. P3 is part of the Management level.
The topics covered in the CIMA P3 exam include Risk Identification, Risk Evaluation, Risk Response, Internal Control, and Risk Management Frameworks.
Sample questions for the CIMA P3 exam can be found on the CIMA website and in official study materials provided by CIMA.
The difficulty level of the CIMA P3 exam is considered to be moderate to challenging, requiring a solid understanding of risk management principles and practical application.
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