CIMA E3

CIMA P3 - Risk Management

CIMA P3 shows how to identify, evaluate and manage various risks that could adversely affect the implementation of the organisation’s strategy.

CIMA E3

CIMA P3 - Risk Management

CIMA P3 shows how to identify, evaluate and manage various risks that could adversely affect the implementation of the organisation’s strategy.

CIMA P3 Strategic Level Objectives

The aim of the CIMA P3 paper, according to the 2015 syllabus, is to:

  1. Formulate and implement financial strategy to support the overall strategy of the organisation.
  2. Develop skills to evaluate and recommend alternative sources of finance.
  3. Develop competencies required to value investment opportunities including divestments, mergers and acquisitions.
P3 Syllabus content:
A. Identification, classification and evaluation of risk20%
B. Responses to strategic risk20%
C. Internal controls to manage risk20%
D. Managing risks associated with cash flows20%
E. Managing risks associated with capital investment decisions20%

You will find all of the practice tests available to you within the P3 500 Q&A package below.

There are two types of test:

  • Study mode - The first five tests cover the five parts of the syllabus. You can practise each part separately (Part A, B), or drill down to a chapter level (e.g. A1, B3). You'll get instant feedback on your answer with an explanation. This will help you to improve your syllabus coverage and enhance your knowledge.
  • Exam mode - There are also three mock exams. The unique mock is a set of 60 questions that do not appear in the study mode materials. The other two mocks, full (60q) and mini (30q), will present you with questions extracted from the study mode tests using a CIMA algorithm. This means that each time you start a full or mini mock, you will get a different set of questions. These tests should be used to improve your exam-answering technique. 

Again, the more you practise, the more you reflect on the questions you have completed and understand the reasons for incorrect answers, and the higher your chance of passing.

We've also included checkboxes to allow you to get a better overview of your progress. Tick any checkbox to show which chapters and/or parts you have completed. 

P3 Practice Tests - study mode:

Part A - IDENTIFICATION, CLASSIFICATION AND EVALUATION OF RISK - 20% - STUDY MODE

CIMA P3 Part A - Identification, Classification and Evaluation of Risk covers 20% of the syllabus.

On the completion of this Part, you should be able to: 

  1. Evaluate the types of risk facing an organisation and recommend appropriate responses. 
  2. Evaluate senior management's responsibility for the implementation of risk management strategies and internal controls.
  3. Evaluate the ethical impact of risk.

CIMA P3 Part A has 92 questions in three subparts. You can practise answering questions from the whole section:

 Practise complete Part A - 92q

You can also practise the subparts separately:

  A1 Risk - 29q

  A2 Risk Management- 36q

  A3 Ethics - 27q


Completion checklist: To track your progress, you can use the checkboxes next to each button.
My best scores from P3 part A:
Quiz Date & Time User`s score Max Score % Score Passed Time Spent
CIMA P3.A1 Risk 2017-10-14 13:55:47 49.5 66.5 74.44% COM_JQ_RESULT_PASSED 41:46

If you have taken multiple tests and would like to see the details of each of them, then please go to the >>Tests Results<<.

P3 Mocks - exam mode:

CIMA P3 - MOCK EXAM (UNIQUE 60 Q)

This is a full MOCK exam consisting of 60 challenging questions that are designed to replicate the real exam. These questions were written uniquely for this exam - you will not find them in any other P3 test. The number of questions in this MOCK was chosen according to the weights of the various topics in the syllabus; you can see the exact split below. It uses the exam mode, meaning that you will see the results only after completing the test. It is time-limited, with only 90 minutes to answer the 60 questions, so you will experience the time pressure that you will be under in the real exam. On the Results Page, you will see your score broken down by part (and even subpart) of the syllabus so that you will have a clear picture of the areas you are good at and where you still need to improve. You can also view the questions and compare your answers with the correct solutions by clicking on the Review button on the Results Page.

This MOCK exam has the following split of questions:

  • 20% from Part A - Identification, Classification and Evaluation of Risk - 12q
  • 20% from Part B - Responses to Strategic Risk - 12q
  • 20% from Part C - Internal Controls to Manage Risk - 12q
  • 20% from Part D - Managing Risks Associated with Cash Flow - 12q
  • 20% from Part E - Managing Risks Associated with Capital Investment Decisions - 12q

My best scores for CIMA P3 mock exam with unique 60q

Quiz Date & Time User`s score Max Score % Score Passed Time Spent
CIMA P3 - MOCK exam (Unique Qs) 2017-04-18 08:43:24 89.75 149.75 59.93% COM_JQ_RESULT_FAILED 66:11

If you have taken multiple tests and would like to see the details of each of them, then please go to the >>Tests Results<<.

Unlock Your Access to Bonus P3 Kaplan Mock #1

PTA has partnered with Kaplan and as a result, we offer you, as a bonus, Kaplan's mock for FREE, so you can be even better prepared (and more confident) before your exam.

The only thing for you to do it to spread the word. Please share that with your colleagues and friends and your mock will be immediately unlocked.

CIMA P3 - BONUS KAPLAN MOCK #1 EXAM (UNIQUE 60 Q)

This is a full MOCK exam consisting of 60 challenging questions that are designed to replicate the actual exam. This mock has been written by Kaplan and thanks to the Kaplan-PTA cooperation agreement, we are happy to add it as a bonus material, so you can have even more exam-focused questions to practise.  This mock is unique and cannot be found in any other Kaplan publication.

This mock uses the exam mode, meaning that you will see the results only after completing the test. It is time-limited, with only 90 minutes to answer the 60 questions, so you will experience the time pressure that you will be under in the real exam. On the Results Page, you will see your score broken down by part (and even subpart) of the syllabus so that you will have a clear picture of the areas you are good at and where you still need to improve. You can also view the questions and compare your answers with the correct solutions by clicking on the Review button on the Results Page.

Unlock Your Access to Bonus P3 Kaplan Mock #2

PTA has partnered with Kaplan and as a result, we offer you, as a bonus, Kaplan's 2 mocks for FREE, so you can be even better prepared (and more confident) before your exam.

The only thing for you to do it to spread the word. Please share that with your colleagues and friends and your mock will be immediately unlocked.

CIMA P3 - BONUS KAPLAN MOCK #2 EXAM (UNIQUE 60 Q)

This is a full MOCK exam consisting of 60 challenging questions that are designed to replicate the actual exam. This mock has been written by Kaplan and thanks to the Kaplan-PTA cooperation agreement, we are happy to add it as a bonus material, so you can have even more exam-focused questions to practise.  This mock is unique and cannot be found in any other Kaplan publication.

This mock uses the exam mode, meaning that you will see the results only after completing the test. It is time-limited, with only 90 minutes to answer the 60 questions, so you will experience the time pressure that you will be under in the real exam. On the Results Page, you will see your score broken down by part (and even subpart) of the syllabus so that you will have a clear picture of the areas you are good at and where you still need to improve. You can also view the questions and compare your answers with the correct solutions by clicking on the Review button on the Results Page.

Are you ready for your P3 exam?

Self check

Have you covered the complete syllabus?

See what you have already checked:

My progress - revision of syllabus' parts

Self assessment



A bit more statistics:

My 5 best scored tests:

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