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CIMA P3 · Strategic Level

A. Enterprise risk

This section explores enterprise risk management frameworks and how organisations identify, assess, and manage strategic and operational risks in alignment with business objectives. You will evaluate risk appetite, capacity, and tolerance, and apply integrated risk management approaches across international business environments.

  • 8 lessons
  • 2 modules
  • 1.4h of video
  • ~25% of the exam
Start the first lesson → About the CIMA P3 course

What you'll learn

By the end of A. Enterprise risk.

  • Explain the nature and categories of risk, including strategic, operational, and international business risks
  • Identify and assess the scale of risk within organisations using appropriate measurement techniques
  • Evaluate risk appetite, capacity, and tolerance in the context of organisational objectives
  • Apply integrated risk management frameworks and the TARA model to business decision-making
  • Analyse assurance mapping and ethical risk considerations within enterprise risk management
  • Describe approaches to risk management and their implementation across different business environments

The lessons

8 lessons, module by module.

Risk and risk exposure

4 lessons
  1. 1 Nature and categories of risk 9m
  2. 2 Strategic and operational risk 10m
  3. 3 International business risk 5m
  4. 4 Understanding and assessing the scale of risk 12m

Managing risks

4 lessons
  1. 1 Approach to risk 12m
  2. 2 Risk tolerance, appetite and capacity and the TARA model 12m
  3. 3 Frameworks for risk management 9m
  4. 4 Assurance mapping and ethical risks 13m

Questions

About A. Enterprise risk.

What does the Enterprise Risk section cover?

This section covers enterprise risk management frameworks and the systematic process of identifying, assessing, and managing strategic and operational risks. It addresses how organisations align risk management with business objectives, evaluate their risk appetite and capacity, and implement integrated risk management approaches across international business environments, including assurance mapping and ethical risk considerations.

Is this section important for the P3 exam?

Yes, Enterprise Risk is a fundamental section of the P3 Strategic Level exam. Risk management frameworks, risk appetite, and integrated risk approaches are core to the CIMA Strategic Level syllabus and feature prominently in objective test questions. Strong understanding of this section is essential for exam success.

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