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The CIMA Risk Management Exam certification offers several benefits to individuals who pass the exam. Firstly, it is an excellent way to demonstrate your proficiency in risk management, which is valuable if you are looking for career advancement opportunities. Second, it provides an opportunity for professionals to learn and apply the latest risk management techniques and tools that they can leverage in their work. It also helps professionals stay up to date with the latest industry trends and practices, which can help organizations mitigate risks and improve their bottom line.

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CIMA CIMAPRA19-P03-1 certification exam is designed to test the candidate's knowledge and understanding of risk management. CIMA Risk Management Exam certification is ideal for professionals who are already working in the finance or accounting industries and are looking to enhance their understanding of risk management concepts. CIMAPRA19-P03-1 exam covers a wide range of topics, such as identifying and assessing risks, risk governance, and risk reporting.

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CIMAPRA19-P03-1 exam is comprised of a single paper, which is three hours long. The paper is divided into two sections: Section A and Section B. Section A consists of 60 multiple-choice questions, while Section B consists of two case studies, each with five objective test questions. CIMAPRA19-P03-1 exam is computer-based, and candidates must pass both sections to achieve the certification.

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

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CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:

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

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