CIMA Risk Management Exam: CIMAPRA19-P03-1 Exam

"CIMA Risk Management Exam", also known as CIMAPRA19-P03-1 exam, is a CIMA Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 223 Q&As to your CIMAPRA19-P03-1 Exam preparation. In the CIMAPRA19-P03-1 exam resources, you will cover every field and category in CIMA Certification Certification helping to ready you for your successful CIMA Certification.

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  • Exam Code: CIMAPRA19-P03-1
  • Exam Name: CIMA Risk Management Exam
  • Certification Provider: CIMA
  • Corresponding Certification: CIMA Certification
  • Updated: Jul 31, 2026
  • No. of Questions: 223 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Certification Path of CIMA CIMAPRA19-P03-1 Certification Exam

The CIMA CIMAPRA19-P03-1 certification is conferred by the Chartered Institute of Management Accountants, which is the highest standard globally. In order to receive your certificate, you must first pass each section of the exam by receiving a cumulative score of 70% or better. Once you have passed all four sections, you need to submit a copy of your official transcript from an accredited college or university. You will also need to submit your transcripts and a letter from your employer stating that you have at least 2 years of work experience as a financial manager or auditor, depending on which exam section you have taken. You should then wait 1-3 weeks for approval before receiving your certificate and pins via mail.

Prerequisites of CIMA CIMAPRA19-P03-1 Certification Exam

In order to take the CIMA CIMAPRA19-P03-1 certification exam, students must meet all the following requirements:

  • Masters Degree in finance or accounting with a GPA of at least 2.75
  • Minimum three years of relevant work experience as a financial manager or auditor
  • To complete the Postgraduate Business Course (PGBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
  • To complete the Professional Practice Management course (PPBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
  • To take the exam, you must have received a minimum grade of 70% in each of the four exam sections: Corporate Finance and Accounting, Auditing, Management Control and Risk Management and Economics for Managers
  • The exam can only be taken once per person in one sitting period. It is taken twice annually within six months of one another
  • To receive your certification by CIMA CIMAPRA19-P03-1 examination, you must pass each exam section with a minimum score of 70%

Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3

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CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:

SectionWeightObjectives
Strategic Risk25%- External Environment Risk
  • 1. Political and regulatory risk
    • 2. Economic and reputational risk
      - Strategic Decision Risk
      • 1. Market entry and expansion risk
        • 2. Competitive positioning risk
          Enterprise Risk25%- Risk Assessment
          • 1. Risk prioritization techniques
            • 2. Likelihood and impact analysis
              - Risk Identification
              • 1. Risk classification across the organization
                • 2. Internal and external risk sources
                  - Risk Response
                  • 1. Risk transfer and avoidance
                    • 2. Mitigation strategies
                      Internal Controls25%- Control Evaluation
                      • 1. Effectiveness assessment
                        • 2. Control failure and remediation
                          - Control Systems
                          • 1. Design of internal controls
                            • 2. Preventive and detective controls
                              Cyber Risk25%- Cyber Threats
                              • 1. Data breaches and hacking risks
                                • 2. System vulnerabilities
                                  - Cyber Controls
                                  • 1. Access control and authentication
                                    • 2. Incident response planning

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