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Examination Format, Rules & Results

Everything you need to know about the PPA certification examination process, from format and rules to result interpretation.

2
Modules
270
Minutes Total
Bilingual
Format
Online
Examination
Examination Delivery

Attendance and Delivery Mode

Online Examination Platform

Candidates must attend the scheduled examination online by downloading the required application, on the scheduled date and time available for your country.

Register

Verify identity

Download App

Get exam software

Attend

On scheduled date

Take Exam

Complete modules

Language Options

Exam Format and Supervision

Bilingual Examination Format

The PPA examination is conducted in Bilingual format, meaning there are 2 versions of each exam problem available:

EN

English Language

Primary language available globally

Always available

Your Local Language

Available in RTP-active countries

Check availability

Language Availability

When there is no bilingual format available, the exam is available in English language only. Currently, the local language is only available in countries where there is an active Registered Training Provider.

Click Here to check bilingual availability in your country
Two-Module Structure

Examination Modules

Comprehensive assessment through multiple choice and case-based evaluation

Module A

150 min

Multiple Choice Exam

Tests conceptual knowledge of feasibility analysis, risk assessment, modelling logic, project finance principles, and business-model impact.

100 Questions Multiple choice format
4 Answer Choices Per question
No Penalty For wrong answers
Topics Covered:
Feasibility Analysis
Risk Assessment
Modeling Logic
Project Finance

Module B

120 min

Case-Based Essay Examination

Requires candidates to analyze project scenarios, perform calculations or interpret provided model outputs, develop arguments, provide insight, and develop written recommendations supported by structured reasoning.

4 Essay Questions Case-based scenarios
50-50 Weighting Quantitative & Qualitative
Flexible Language English or translatable
Language Options:

Essays can be written in English or in a language which can be properly translated by:

Google Translator Publicly available AI (ChatGPT)

Important: Closed Book Examination

It is a closed book examination. Use of any application including generative AI is prohibited during exam.

Candidates must complete within the allocated time; no extra time is provided. Invigilators/proctors are assigned to monitor the examination.

Assessment Outcomes

Passing Standard and Result Bands

PPA Designation Requirements

To obtain the PPA designation, candidates must meet IFMI's passing requirements, including the stated minimum score threshold referenced in the scheme.