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P3 advice

Forums › ACCA Forums › ACCA SBL Strategic Business Leader Forums › P3 advice

  • This topic has 5 replies, 4 voices, and was last updated 11 years ago by marky123.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • February 18, 2014 at 12:45 pm #159239
    Ciju
    Member
    • Topics: 1
    • Replies: 12
    • ☆

    Hey guys, i want to know how did u prepare for the p3 exam? Apart from the ‘application of knowledge to a particular scenario’, i want to know, how did you go about preparing from the text? Was it just an understanding of the models or did you go into detail with the text(Like specific words from the text)? Yes, i do take tuitions, but i think its mainly how we prepare ourselves. So those who have passed this paper, please share your thoughts on this.

    March 5, 2014 at 12:35 pm #161504
    kknd
    Member
    • Topics: 2
    • Replies: 7
    • ☆

    My first sitting was last dec (2013). I did not pass (46) but I knew where I went wrong and what I can do to pass. Hopefully this will apply to you too.

    I took lessons from a tuition provider and I find that it is best to understand the big picture i.e. what is p3 in summary? The whole syllabus is basically a giant JSW rational planning model, from analysing your strategic position, deciding on the choice of strategy(s) and the implementation of the strategy. These 3 stages alone cover about 12 chapters of the syllabus.The rest are stuff ancillary to an org like hrm, it, project management. Check this link out: https://fengtau.com/p3.jpg .It is a picture of what I just wrote so you can visualize what I am trying to say.

    After getting the big picture, it should be easier to grasp the finer details i.e. value chain analysis->primary and secondary activities->primary has 5 sections and secondary has 4…

    From then on (and this is where it actually counts), it is just about practise and practise and more practise. Be it PYQs or BPP revision kits. You mentioned application of knowledge to a particular scenario. Well, that only comes from practise, since practising is an application of knowledge. Unfortunately, I did not do enough and took it for granted that knowledge alone with a little internal and mock exams would suffice.

    I hope you have gained something from this and I hope you pass p3 on the first sitting! It is an extremely interesting subject and highly practical and applicable in real life.

    March 5, 2014 at 2:08 pm #161536
    marky123
    Member
    • Topics: 46
    • Replies: 193
    • ☆☆☆

    Go on you tube/google and search for past exam lectures.

    Here are some I found great 🙂

    https://www.youtube.com/watch?v=ZgP6li2jC3Q

    https://www.youtube.com/watch?v=ik5A1Oz_scg

    https://www.youtube.com/watch?v=DcqDmjOdKY4

    There are several more.

    Also, try summarising past papers into revision sheets.

    Above all else read and read and read!! lol

    I thought P3 was one of the hardest papers and yet I passed it 1st time with a respectable 64%!

    Good luck everyone

    March 6, 2014 at 8:52 pm #161683
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 7
    • ☆

    I really appreciates your kind words of advice. keep it up and I wish you and myself success in the forthcoming exams.

    March 7, 2014 at 8:10 pm #161748
    Ciju
    Member
    • Topics: 1
    • Replies: 12
    • ☆

    Thanks a lot guys! 🙂 Exactly the kind of advice i was looking for!

    @marky123
    : Thats a great score for a P- level paper!!! How long before the p3 exam did your preparations actually start? if you dont mind sharing that as well. 🙂
    @kknd: Better luck this session buddy! Seems like you’ve got it sort out this time around!

    March 10, 2014 at 11:01 am #161964
    marky123
    Member
    • Topics: 46
    • Replies: 193
    • ☆☆☆

    I started studying last minute September 2013 – I had started studying P7 but realised I couldnt sit it until P1, 2& 3 were complete so I switched to P3 – mainly as a practice run! I was very pleased (a) I got such a good score and (b) I got P3 out of the way!

    Very best of luck everyone

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