Hello mr gromit,
after epically failing p5 for the 1st time, i have finally decided to read the solution proposed by acca and for question 1 i noticed that the examiner didnt comment on the metric ' operating profit' and yet this was asked in the question. Any good reason why?
Also the suggestions given to improve constraints outlined by the CEO seems very vague & general-the examiner just wrote 'requires an injury reduction metric', i thought we had to be specific in our answers.....
Ask the Tutor ACCA APM
JUNE 2015 q1 c1)
10y ago#1I think it would have been better if OP had been referred to - it is important to see it rising, but also perhaps to say that of itself it is inadequate as it does not take into account capital employed. Also OP can be subject to short term distortion and manipulation.
I always advise student to be as specific and practical as possible and 'injury reductoin metric' is rather unhelpful. Better to make a suggestion like:
Define injury (ie a broken nail wouldn't count but a broken leg would!)
State how it will be recorded (eg injury book)
Defin metric as perhaps injury/employee/year.
Then it means, even the answer proposed by the examiner is not perfect....
anyway thanks for your insight.
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