- This topic has 56 replies, 30 voices, and was last updated 5 years ago by
.
- Posts
@femila said:
Eva was question 1?Yes, it is q1
I found the exam ok. So much easier than the last 2 exams. My timing was off though and didnt have time to write everyone I wanted.
1.
A. Performance report evaluation 11 marks
B. Eva calculation and discuss benefits 15 marks
C. Can’t remember performance measures maybe 10 marks
D. Value chain 10 marks2.
A. Customer survey issues 10 marks
B. BSC implementation and ongoing issues 15 marks3.
A. Mention power and interest (mendelow) discuss whether PM are suitable 9 marks
B. Basic payoff payoff calculation 7 marks
C. Calculation of NPV, Standard deviation drawbacks of using EV. 11 marksI wish I remembered stuff like this before the exam.
@seishirou said:
Is the EVA negative or positive?Positive. I got 1420 but I think I calculated several things incorrectly.
Anyone know if gearing was 45/145 or 45/100?
I really dont know what to thinK of it.Q3 Was the hardest i feel i did not manage to do the regret table and the expected value calculations. thought i would double back but run out of time so its up in the air at this point
Q3B- Which selling price did you guys select? That Risk seeking question where multiple variable costs and contribution were provided? I wrote $75 selling price and $50 Variable cost when the demand is 1200 units so as to capture the market by selling most units. Am I correct?
@sanjanapaul1234 said:
Q3B- Which selling price did you guys select? That Risk seeking question where multiple variable costs and contribution were provided? I wrote $75 selling price and $50 Variable cost when the demand is 1200 units so as to capture the market by selling most units. Am I correct?Variable costs aren’t for certain so I don’t think you should mention that at $50 is best. But I think the answer was $75.
The exam was OK.
I couldn’t finish question 1 as it was the last question I attempted. Answered the part on strategic performance report, EVA (although I’m sure I made errors in my adjustments), didn’t finish performance hierarchy and didn’t attempt value chain at all.
Question 2 was pretty easy. I believe the issues in part a were use of percentages, information overload, graphs would have shown trends, tendency of customers to give scores in the middle rather than extreme, there could also be a potential for customers to overstate their satisfaction with the hopes that they win a prize from the raffle. I can’t remember any others. Part b was also easy. I remember talking about the ability of the current information system in capturing and measuring non financial measures, conflicting measures, BSC not giving an absolute measure of performance so it could be difficult to understand and interpret.
Question 3 was quite difficult for me.
Part a on stakeholder analysis in relation to performance measures was ok even though I couldn’t think of a suitable measure for employees. In part b, I used the maximax approach. Part c was quite confusing. My expected value for project A was the same as that of project B! I didn’t even know what to do with the standard deviation given. In the end I couldn’t recommend any project, however I talked about the benefits and limitations of EV briefly.Whewww! I pray I get this course off my plate. This is my second attempt.
The question was hard as well as the calculation. It was confusing. I dont even know whats the performance hierachy question wants
I choose the same, the reason being they needed to embrace risk and adopt a Maximax approach, meaning they were optimistic about demand being the best case scenario i.e. 1200, and then choose the most favourable outcome out of those possible values – i.e. the one with the lowest variable cost and high contribution which was the very first option on the table from memory.
@sanjanapaul1234 said:
Q3B- Which selling price did you guys select? That Risk seeking question where multiple variable costs and contribution were provided? I wrote $75 selling price and $50 Variable cost when the demand is 1200 units so as to capture the market by selling most units. Am I correct?Literally nothing except that. That note mentioned that I’m not supposed to comment on the advantages/disadvantages or even suggest a new performance measures. I was so annoyed with that note. What were they even expecting us to write for a whopping 15 marks man???!!!
@adannaya said:
The exam was OK.I couldn’t finish question 1 as it was the last question I attempted. Answered the part on strategic performance report, EVA (although I’m sure I made errors in my adjustments), didn’t finish performance hierarchy and didn’t attempt value chain at all.
Question 2 was pretty easy. I believe the issues in part a were use of percentages, information overload, graphs would have shown trends, tendency of customers to give scores in the middle rather than extreme, there could also be a potential for customers to overstate their satisfaction with the hopes that they win a prize from the raffle. I can’t remember any others. Part b was also easy. I remember talking about the ability of the current information system in capturing and measuring non financial measures, conflicting measures, BSC not giving an absolute measure of performance so it could be difficult to understand and interpret.
Question 3 was quite difficult for me.
Part a on stakeholder analysis in relation to performance measures was ok even though I couldn’t think of a suitable measure for employees. In part b, I used the maximax approach. Part c was quite confusing. My expected value for project A was the same as that of project B! I didn’t even know what to do with the standard deviation given. In the end I couldn’t recommend any project, however I talked about the benefits and limitations of EV briefly.Whewww! I pray I get this course off my plate. This is my second attempt.
I literally wanted to put all that for question 2a but I was running out of time so had to move on. The question was similar to a past/mock one I’ve done before. Also didnt have time to evaluate performances measure for 2b.
Question 3 was fairly easy. I wasted too much time on question a explaining power/interest even though it said brief and the same for b with the calculation. For question 3 I was certain something was missing because for 11 marks it seemed too easy. I’ve never heard of standard deviation before but as project b was 106 and a was 103 it made more sense to choose a as it has a lower change of npv declining.
Didnt attempt 1d and my 1c answer was poor.
@sanjanapaul1234 said:
Literally nothing except that. That note mentioned that I’m not supposed to comment on the advantages/disadvantages or even suggest a new performance measures. I was so annoyed with that note. What were they even expecting us to write for a whopping 15 marks man???!!!I thought the same it didnt make sense. That’s why I wasted too much time on that question it contradicted itself. How can you briefly evaluate but not recommend a PM
@shazwin98 said:
What did you comment on BSC apart from the current Information systemI literally copied the answer which is for one of the questions in the BPP p&r book.
Might be it too many performance measures which may give them information overload.
Conflict in PMs
The information system is basic and based solely on financial information so the system might not be able to process non financial information and therefore a new system is needed which is expensive and training is needed
The board also used to financial information and are sceptical about the new system so they might revert back to the old measures.
Question 3 b ) I’ve also used he máximas approach, not sure if this was correct.
Question 3 c) I also had the same amount for both projects A and B, but I’ve concluded that because the standard deviation of project B was higher, they should go ahead with this one. Not sure if this is correct either.
- You must be logged in to reply to this topic.