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Dead on 50. Second attempt. I am now affilliate! I wanted to cry straight after the exam, I was so frustrated with Q1. I am now so happy!!
Concrats to everyone who passed, commiserations to failed. Better luck next time!! (because there is massive piece of luck required in this exam).Hi guys,
I have also passed all 13 exams already and I have passed P6&P2 on first sitting so I don’t think I am exactly stupid.
This was my second attempt on P5 and I have studied hard – took number of days off to sit it, went to revision again, worked through the whole practice book from Kaplan. But nothing prepared me for Q1!!
I did not understand the question, I could not make any sense of the table. Because I wasn’t sure what I am doing, I did not finish it. I could not see how could I do EV, I could not do combined probability table due to not having probabilities accross as well, and actually stating that they cannot even guess it. So I went along with maximin, maximax and minimax regret, did explanations for the terms, calcs for the first 2 and decision, realised I am out of time and left it.
It is not only 19 marks for this, the part c/ relies on having number of different strategies, and 4 marks on structure. Which again you cannot do without the whole thing. Perhaps 2 for writing report and Introduction. So really it is 19+3+4 = 26 marks that rely on it.The thing is, I wasn’t sure what he wants from the question and the scenario and it is a lot of marks if you are not sure. Which I find so unfair. If I was presented with this situation in real life, I would not be after sleepless night due to stress, I would not have 1 hr to work on it, I would have colleagues to discuss best approach with, I would have further questions to clarify the situation.
The examiner thinks probably this is dead easy, because he is looking at it from other side, having as much time as he wants to think about it, in cozy office probably at home, realxed with a cuppa. And also looking at the position like “you always know what you are saying if YOU are saying it”. Doesn’t necesarilly mean others get you.
Q2 I hope I scored at least half, but not sure. There isn’t much on it in the books, I wasn’t exactly sure how to apply it in practice, they already had lots of KPi’s. What threw me was the very few and useless numbers the board had and quite detailed KPIs line managers had. I explained all lines of the pyramid (I had no idea it is done according to company, I thought it applies to all of them!! Oh damn!!) and worked from the “mission statement” the company issued).
I did Q4&5, I felt that Q4 (the store manager) I was repeating myself a lot in a&b, because I was advising improvements to remove the faults I named in the part a – obviously. So you are saying the same again. Q 5 I wrote so fast I am not even sure I will be able to read it, as I was really running out of time.
I really really don’t want to sit this again, I want to be done and get a life. But I do have the feeling I might be doing this again in June. In comparison, the June exam was easy!! I guess I was not ready for it as I should have been, due to doing P6 as well and that book has 1110 pages!!
(thought as long as you study hard you pass. There are no catches, no guessing questions, no ambigious questions. I have to say I find tax interesting, you shuffle numbers&rules around and you save people shed loads of money. Lot of knowledge required, but straight forward!)