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CIMA CIMAPRA19-P03-1

CIMAPRA19-P03-1

Exam Code: CIMAPRA19-P03-1

Exam Name: CIMA Risk Management Exam

Updated: Aug 29, 2026

Q&A Number: 223 Q&As

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About CIMA CIMAPRA19-P03-1 Exam Questions and Answers

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.

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

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Enlist of Registration procedure of CIMA CIMAPRA19-P03-1 Certification Exam

When you order your CIMA CIMAPRA19-P03-1 certification exam, you must submit four forms of payment in addition to the cost of the exam. All forms of payment must be made by check, money order or wire transfer.

  • One form of payment should be for a letter from your employer stating that you have at least two years experience as a financial manager or auditor in an organization with an annual turnover exceeding 5 million USD.
  • A photo identification document such as a passport or driving license, and also proof of residency (a utility bill, lease agreement, etc.)
  • A photocopy of the postgraduate degree certificate that you received from your university.
  • A letter from one of your professors confirming that you are in good academic standing in the course, and also that you have demonstrated adequate command over English language and professional skills.

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Introduction of CIMA CIMAPRA19-P03-1 Certification Exam

The exam is administered in various regions of the world: Africa (Nigeria, Kenya, South Africa, Namibia, Côte d'Ivoire) Asia (Japan), Europe (Austria), Latin America, and Oceania. The exam covers all fields of finance and corporate governance and students interested in both CIMA CIMAPRA19-P03-1 certification are encouraged to consider taking both tracks. At least one track must be in the student's native language. CIMA CIMAPRA19-P03-1 certification lasts for three years. Students can retake the exam at any time during this period. Exam retakes must be within 90 days of the first examination, although exceptions may be allowed. The exam is available in multiple sessions around the world to accommodate continental differences. The exams may take place anywhere from two to seven times per year, depending on timing and need for a specific location. In some regions, students may take the exam more than once, but only once during their lifetime. However, students who fail the exam can reapply immediately if they satisfy additional prerequisites. If a candidate has knowledge and skills that are required to pass CIMA CIMAPRA19-P03-1 Exam and fully prepared with CIMA CIMAPRA19-P03-1 Dumps then he should take this CIMA CIMAPRA19-P03-1 exam.

To receive a CIMA CIMAPRA19-P03-1 certificate, students must earn a minimum of 70% on each of the four parts: Corporate Finance and Accounting Auditing Management Control and Risk Management Economics for Managers (one day) Professional Practice Management (five days), which consists of Decision Making & Problem Solving Decision Making & Conflict Resolution Business Communication Skills Business Writing Skills English Language Skills. After completing the one-day management seminar, students must pass an additional three-hour examination on International Business Law and Ethics. This course is mandatory for students taking the sustainable management track. If a student passes this course and the exam, his or her CIMA CIMAPRA19-P03-1 certification will be upgraded. The exam is administered through multiple administrations in various countries and may take place anywhere from two to seven times per year. The exams are available in sets of multiple days over a period of six months starting in mid-August depending on scheduling.

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 Response
          • 1. Mitigation strategies
            • 2. Risk transfer and avoidance
              - Risk Identification
              • 1. Risk classification across the organization
                • 2. Internal and external risk sources
                  - Risk Assessment
                  • 1. Likelihood and impact analysis
                    • 2. Risk prioritization techniques
                      Internal Controls25%- Control Evaluation
                      • 1. Effectiveness assessment
                        • 2. Control failure and remediation
                          - Control Systems
                          • 1. Preventive and detective controls
                            • 2. Design of internal controls
                              Cyber Risk25%- Cyber Controls
                              • 1. Access control and authentication
                                • 2. Incident response planning
                                  - Cyber Threats
                                  • 1. Data breaches and hacking risks
                                    • 2. System vulnerabilities

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