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The CIMA P3 Exam, also known as the Risk Management exam, is a part of the Chartered Institute of Management Accountants (CIMA) professional qualification. It focuses on identifying, evaluating, and managing risks that could impact an organization.
The CIMA P3 Exam covers topics such as risk identification, risk evaluation, risk management, internal controls, and corporate governance. It also includes financial risks, strategic risks, and operational risks.
To take the CIMA P3 Exam, candidates must have completed the CIMA Operational level exams or have an equivalent qualification. It is part of the Management level of the CIMA qualification.
The CIMA P3 exam consists of multiple-choice questions, short answer questions, and case study scenarios. It is designed to test both theoretical knowledge and practical application of risk management principles.
The passing score for the CIMA P3 exam is 70%.
While both exams are crucial for strategic management, P3 Exam is more about managing risks and ensuring organizational resilience, whereas F3 Exam is about developing and implementing financial strategies to support business growth and sustainability.
Dumpstool offers CIMA P3 study materials in convenient formats, including P3 PDFs and an interactive P3 testing engine. Our P3 study guide ensures easy access to P3 practice questions and real questions to thoroughly prepare for the exam.
Yes, candidates can retake the exam if they do not pass the P3 - Risk Management exam on their first attempt. Dumpstool offers a money-back guarantee if you fail after using P3 practice exam materials.
Yes, Dumpstool regularly update CIMA P3 practice exam questions answers to reflect the latest syllabus and P3 - Risk Management exam structure. Our P3 real questions ensure you are preparing with the most current information available.
Dumpstool offers a money-back guarantee for candidates who fail the CIMA P3 exam after using our P3 study materials. If you do not pass, you may qualify for a full refund under our success guarantee policy, provided specific terms and conditions are met.
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Which TWO of the following scenarios should be considered in strategic scenario planning by a publishing company that specialises in academic textbooks?
YGH has recently completed a post completion audit on a five year contract that has only recently come to a conclusion. The main finding was that the project delivered most of the expected benefits, but that it cost significantly more to implement than had been anticipated at the project appraisal stage. YGH would not have proceeded if the true cost had been known at that stage.
The project was the responsibility of the production department, which is presently managed by G.
When the project was proposed, the production department was managed by H. H is now YGH's Director of Operations.
How should the finding from this post completion audit be interpreted?
Rio owns an architects business which employs 12 skilled architects and four administrative staff.
The Office Manager has just attended a workshop on internal controls and the way in which they can improve organisations. He intends to implement some internal controls as soon as possible.
What are the limitations of an internal control system in Rio's business?
JHU has recently completed an eight year project. The project was evaluated at a discount rate of 10% and was accepted because the net present value was $18 million.
In year 3 of the project there was a significant unexpected repair arising because of the implementation stage of the project was rushed and some checks on equipment were skipped to save time. The cost of this was $8 million.
In year 8 of the project the costs of dismantling the project were $11 million more than anticipated because of unexpected changes to the law concerning disposal of industrial scrap.
How should these findings be reflected in the post completion audit?
TDC is a company which runs gas-fired power stations in western Europe. The Risk Committee has just received a report that a power station built to the same design and specification in a developing country has recently collapsed. The causes of the collapse are unclear but the consequences for TDC would be catastrophic if something similar were to happen in Europe
Which of the following actions being considered by the Risk Committee are ethical?
Select ALL that apply
TESTED 21 Dec 2024
