Here is what is written in the syllabus for Paper PM (it is no longer called F5):
Section A of the exam comprises 15 objective test questions of 2 marks each. Section B of the exam comprises of three case style questions. These each contain five objective test questions of two marks each which are based around a common scenario. Section C of the exam comprises two 20 mark constructed response questions. The two 20- mark questions will come from the decision-making techniques, budgeting and control and/or performance measurement and control areas of the syllabus. These questions may also include requirements related to the information systems area of the syllabus. The section A questions and the questions in section B can cover any areas of the syllabus.