dec 12 exam tips for p-5

Benchmarking for public sector

Thank you joydugz very kind of you.
Does anyone have tips from BPP as well?

It’s quite funny, if you combined all the tips from many sources, you will eventually come to a conscious conclusion to ‘study everything’.

Here’s a better tip to prepare adequately for the exams:

1. The question is your client – treat them as if a consultant is talking to a client
2. You are a performance management consultant – think of yourself as a consultant
3. Understand the client and what they are facing in terms of performance – diagnose where the problem lies in their business / operations / activities.

What are things that you should understand about the client before you sell them a solution?
Their objectives
Their constraints
The environment in which they are operating in
Their current systems and culture
The staff ability to change
The customers and what they want
The suppliers and the issues that they cause

On the areas to focus this time around
1. Budgets are back on the hit list
2. Transfer pricing and divisional performance
3. Information system and security
4. External factors and how it impacts performance management
5. Dysfunctional behaviour
6. Rewards and motivation
7. Structural issues in performance management
8. Relevance of management accounting (relevance lost)

Source: https://j-fma.blogspot.co.uk/