Updated: Sep 08, 2026
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| Certification Vendor: | The Chartered Institute of Management Accountants (CIMA) |
|---|---|
| Exam Name: | Risk Management |
| Exam Number: | P3 |
| Passing Score: | 100 scaled score (approx. ~67%) |
| Exam Duration: | 90 minutes |
| Exam Price: | Exam entry fees vary by region and membership status (e.g., ~$331 via AICPA & CIMA pricing) |
| Related Certifications: | CIMA E3 Strategic Management CIMA Strategic Case Study (SCS) CIMA F3 Financial Strategy |
| Available Languages: | English |
| Exam Format: | Computer-based Objective Test, Number entry, Drag and drop, Multiple response, Multiple choice |
| Real Exam Qty: | 60 |
| Sample Questions: | CIMA P3 Sample Questions |
| Exam Way: | On-demand computer-based testing at Pearson VUE test centres worldwide or online (subject to CIMA arrangements). |
| Pre Condition: | Completion of CIMA Management level (E2, P2, F2 and Management Case Study) or relevant exemptions required before registering for Strategic level exams. |
| Official Syllabus URL: | https://www.cimaglobal.com/Studying/Qualifications/CIMA-Professional-Qualification/Strategic-Objective-Tests-P3/ |
The cost of the CIMA P3: Risk Management Exam is 300 US Dollars.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cyber Risk | 25% | - Cyber risk reporting frameworks - Data protection and controls (ISO27001, NIST) - Cybersecurity threat types |
| Topic 2: Enterprise Risk | 25% | - Risk exposure, appetite and capacity - ERM frameworks (e.g., COSO, ISO 31000) - Risk registers and assurance mapping - Sources and types of risk |
| Topic 3: Strategic Risk | 25% | - Risks in strategy formulation - Reputational and governance risk - Role of board and audit committees |
| Topic 4: Internal Controls | 25% | - Designing and recommending controls - Internal audit and compliance - COSO Internal Control Framework |
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