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I don’t think Harmon model featured in any of them. Not in 1 2 and 4 am sure. But I didn’t attempt 3.
I did question 2b well but when I found myself struggling with the a part, I quickly left it to go back and pick more marks in question 1. Believe me you could pick lots of mark in question 1.
I started from 4b about benefit maps which I took to be benefit dependency network. It draws a map of business driver followed by investment objectives then project benefits, project changes and then the enabling changes.
The other one about benefit realisation is all you could say about planning and monitoring benefits to ensure that all benefits that should be realised are actually realised.
Then benefit owner is the functional or divisional mgr whose division would directly benefit from the changes brought by the project.
I then applied them to the scenario.
The a part was easy for me too. I took the lines one by one. The nut she’ll of it was that most of the basis of the cost/benefit analysis were not agreed, conclusive and baseless so the analysis was not acceptable to form part of the business case for the project.
That was how I answered question 4.
The problem was time. There were lots of cherries to pick in question 1 but time was the issue
Brilliant student
You need not beat yourself for not completing the payoff calculation. Neither did I and only a computer would complete all within the short time except you want to sacrifice other questions.
I did something by telling the exerminer of what choice of return for both the risk seeker and the risk averse decision makers even though I didn’t put the figures there. I simply said in my answers that if I had more time I would have completed the table but I have given him his answer even without completing the calculations.Castillian that is why the examiners confess that there are no straight forward answers hence the term technical and professional.
The mission statement mentions maximisation of shareholders value and you use vbm as a strategy of achievement for that objective.
Remember that vbm is a mgt approach where strategies and processes are aligned to ensuring that non value adding activities are eliminated. That is creating value for shareholders.Q3. Maximax maximin and minimax regret. Risk appetite and attitude then do a pay off table to offer your advice
My humble advice for all. Please always treat the pilot papers shortly before the exam. I was fortunate to have treated the latest pilot paper just yesterday to have figured out q3. 2 questions from today’s paper was featured in the pilot paper including our glorious question 3.
Castillian
I think there is some sense in your cap as I said exactly the same things you said but I didn’t get it straight away until I came back to it after attempted other questions.
You look at the mission statement to identify their stakeholders and pick one model to answer the question. I used standard and reward from building blocks for employees and customers perspective and internal business process from the bsc as performance tools they could have used instead of budget. Then even the budget was related to activities beyond the control of employed so was not appropriate as a measure of their performance.@smile2000, I really do hope and pray you score 45 out of 50 in q1 and pass overall after having spared whole 25 marks.
I wish I have your type of confidence.I think the only models that were actually applicable in this exams had been specifically given, SUITABILITY, FEASIBILITY AND ACCEPTABILITY. Then 4 of the 6 I’s, Poter’s diamond and any simple one you could add.
I gave all the question good attempts with the exception of q2 where I really struggled. Though I treated the time series analysis in the pilot paper but the combination with linear regression threw me off balance. When I noticed it was going to waste my time, I quickly went on to do q4 and then came back to attempt q2 again. I then went to do the b part dealing just with budgeting, if you are lucky enough to pay attention to the b part, it had no connection what so ever with a part and one could score about 5- 6 marks in part b alone. I tried some calculations with a scanty explanation in part a and I hope to get at least 3 out of the 15 mark, that could make the difference that I need.
My first time of feeling so horrible after an exam. I only hope I score above 50.
Good luck to you all.