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CIMA's P3 Risk Management is a professional certification that focuses on assessing and managing financial risk within organizations. The exam covers a variety of topics, including risk identification, analysis, and evaluation, as well as the development and implementation of risk management strategies. It is an online exam that is designed to test the candidate's knowledge and understanding of risk management principles and practices. In this article, we will provide an overview of the exam, including the exam objectives, exam details, and related books that can help candidates pass the exam.
Exam Objectives:
- Identify and assess risks
- Develop and implement risk management strategies
- Evaluate and revise risk management strategies
- Implement risk management governance and frameworks
- Implement risk management reporting and communication systems
- Understand the impact of external factors on risk management
The exam is designed for individuals who are involved in financial risk management within an organization. It is suitable for finance professionals, risk managers, and senior executives who are responsible for managing financial risk within their organization. There are no specific prerequisites or qualifications for taking the CIMAPRA19-P03-1 exam, but it is recommended that candidates have a good understanding of accounting and finance principles before taking the exam.
Related Books:
- CIMA P3 Risk Management: Study Text
- CIMA P3 Risk Management: Exam Practice Kit
- CIMA P3 Risk Management: Revision Cards
These books provide a comprehensive overview of the topics covered in the exam and include practice questions and sample exams to help candidates prepare for the exam. They are also written by experienced professionals in the field of risk management, making them an excellent resource for individuals who are looking to deepen their understanding of risk management principles and practices.
Exam Details:
The CIMAPRA19-P03-1 exam is an online exam that is delivered through Pearson VUE. The exam consists of 60 objective-type questions that are to be answered within 90 minutes. The passing mark for the exam is 70%, and the cost of the exam varies depending on the region. The exam format consists of multiple-choice questions, and candidates will be required to choose the correct answer from a list of options.
In conclusion, passing the CIMAPRA19-P03-1 exam requires a good understanding of risk management principles and practices. Candidates should be familiar with the topics covered in the exam and should have a solid understanding of accounting and finance principles. Additionally, candidates should use the resources available to them, such as study texts, exam practice kits, and revision cards, to prepare for the exam. By doing so, candidates can increase their chances of passing the exam and obtaining the CIMA P3 Risk Management certification.
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