*** P3 June 2011 Exam was … Post your comments here and vote in Instant Poll ***

@hujansan Anonymous

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Did question 1,3,4. Real time pressure though.. 🙂

whats about the out sourcing, was drop in fixed cost is a relevant cost of decision
and what about the process redesign. can any one indicate what were the main issue so i know i havent waffled all of it

Q2 was a funny one with a CEO called Barry Blunt. 15 points on evaluating the return on two investments. Involved IRR, NPV, staff morale, discount rates and payback. Quite F9 really.

Part b of Q2 was on management matrix – the principles, pros and cons of the company in the scenario trying it. This was the last question I did and I was definitely making less sense by the end of it!

intangible benefit realisation ? how to explain this

paper is fair but the time is crucial. reading time for all 3 questions are about 45min… omg ~

i can’t understand why the examiner can’t give us shorter scenario’s, it takes so much time analysing it all, and on top the person is already time pressurised. spending 20 mins or more in reading the optional questions is suicidal. EVERY MARK COUNTS and the person is wasting time just reading the lengthy scenario.

all the examiners articles – people & strategy, pricing strategy (econimic & non economic factors), the strategic use of IT, forecasting (trend analysis), and project mangement. . . . . barely anything came up only the financial and non financial benefits of the project and benefits realisation. very annnoying to study these inside out and the minimal amount comes up in the exam. im very disappointed after putting in so much effort for nothing. q1 part a) i put in pestel and then did the 7m’s model as i taught this best fitted the “market/industry” requirement. the porters diamond is used when expanding abroad & the porters 5 forces is in relation to “competition”. the question didnt ask for competition of wasnt a foreign expansion so what do ye think???? was i wrong using the m’s model????? time pressure also was unreal. didnt get to finish question 4 and didnt really relate it back to the case study, just explained the i’s and gave a real life example. overall, disappointing

I did pestel and five forces in Q1. I don’t know about others but i think there were enough things in the scenario that were pointing towards these models. but other models can also be used as well provided they answer the question set.

ruined this paper…pray hard!

Lord, i just need 50%, no award winning prize please. JUST 50%
HOW MUCH LONGER AM I GOING TO CARRY ON FEEDING ACCA WITH MY EXAM FEES…I need return

@richieoctober said:
all the examiners articles – people & strategy, pricing strategy (econimic & non economic factors), the strategic use of IT, forecasting (trend analysis), and project mangement. . . . . barely anything came up only the financial and non financial benefits of the project and benefits realisation. very annnoying to study these inside out and the minimal amount comes up in the exam. im very disappointed after putting in so much effort for nothing. q1 part a) i put in pestel and then did the 7m’s model as i taught this best fitted the “market/industry” requirement. the porters diamond is used when expanding abroad & the porters 5 forces is in relation to “competition”. the question didnt ask for competition of wasnt a foreign expansion so what do ye think???? was i wrong using the m’s model????? time pressure also was unreal. didnt get to finish question 4 and didnt really relate it back to the case study, just explained the i’s and gave a real life example. overall, disappointing

actually those articles are not written by examiner, most of them are written by Ken Garrett, he is a freelance lecturer and author. my situation same like you, i spent time carefully read all the articles. revise the whole class notes and revision notes, but when i saw the questions, my mind really went blank, what i studied before really time wasted, i might as well dont revise, at least i won’t be panic that what i studied was totally irrelevant

Well, quite a disaster… After all, I do not understand why we should again learn the cases from F9, P5 ect.?? This paper is a business analysis, and why we should calculate IRR and other things which we have done before? Disappointing is that all the revision kit examples (except Pilot Paper 2011) do not reflect the new exam style of the new examinator. Therefore, wasted efford and time… Just hope that I “matched” the correct models and my common sence explaination will be useful for 50 marks… :(((

@ahmed1986 If you included good points on the industry within a PESTEL analysis then I’m sure you’ll still score points for it. Strictly speaking though PESTEL is for macro or general environment. There were only 4 professional points for use of models so you can’t loose much for it.