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

Thnks for the motivation @abbas. I did PESTEL for ques. 1 and some diamond. I totally ignored qu 2 and why oh why didn’t i learn skidmore’s model on process re-design and users’ requirements for a software package ):

hye guys & gurls,

I think the was 50-50…did Q1, Q2 and Q3…my forth attempt of dis paper…marks continue to decline since my 1st attempt, from 40s to 30 🙁 hopefully to pass this paper this time around…

I answered:
Q1: (a) PESTEL and 5 Forces
(b) Financial info not that much to wrte/calculate, just basics as I dont really know much on the calculation (im not into costing =p) just use much on non-fin info
(c) i: IS
II: elements of P1 (nomination committee & remuneration committee) =p
III: also elements of P1 (risk management committee) =p
Q2: (a) managed to answer Payback, discount rate and IRR only 🙁
(b) wrote 1 or 2 sentences only of matrix org principles and relate to case, 2 points each (i think =p) for the adv and disadv.

Q3: (a) used Harmon’s process strategy but managed to answer for quadrant “adaptation” and “Revolution” only (poor time management)
(b) cant remember

question 1 a i used PASTEL and ansof matrix(market development),,,its a true answer???i guess the model is not given so its very flaxibal to student how to related with scenario….overall the question is ok,,but still in poor time managemant,,,i left q4 e procurement..hope i can get 50 so i can pass !!!!god help me…..

The paper was pretty general, but very long. I kept falling behind on time. Barely finished it all.

I went into the exam hall very confident knowing all the models and how to apply them but when faced with reality my brain froze especially due to time pressure. The last qtn on process redesign was answered with the transformational, realignment and speed of change model but i was not confident i was doing the right thing. At this rate, all i am begging for is 50% – no more no less as there’s nothing more to read, pls examiner 🙂

The questions are very long. Q1 took me like the most of the time – I know I should have stopped but it wasn’t a bad question and so I really wanted to do my best with it; hoping I can pick the remaining marks on the other 2 Qs to pass the paper. I’ll wait and see…

Time pressure is exagerated. I needed the 15 minutes just to carefully read Q1. In the end, it was a disaster for me.. 😀

omg, I thought for a moment I was doing a P7 exam and I know the professional papers are assumed knowledge but does mean I could be doing a tax question along with a audit question?

I also agree there was far too much reading (for a slow reader I didn’t stand a chance) and by the time you got through the senaro there was no way I was going to read it the second time as I would have never got anything written down.

I did Pestel and Porters Diamond in question one, Q2 was a bit of a dister for me and I liked Q4, value chain, 6I’s of e-marketing although I left a few gaps. Fingers crossed for August and good luck to the rest of you.

Hi Brighton, as regards Q1 and particularly product life cycle, I did so either, and i’m sure thats right. Ecocar is at the growth stage as concerning this model car (can’t remember Eco or something similiar)so according to the rivals models hybrid and other this is really true. Because Ecocar has already introduced this model (so intro stage had already passed)and maturity is not reached. The other concerns that costs and so SP were to high, then they consider to outsource. I think, you should not worry about that this car costs more than the rivals ones, this means that this product is new to the market and EcoCar is not experiencing fall in demand, it wants to reduce costs and increase its production facilities. So i’m quite sure it was a good bet for mentioning this aspect. As regards Q4 principles of e-procurement (as i remember): right price, right vendor, right quantity, right quality, right time or something like this. So exam was quite long and questions has taken too much time to understand such an overwhelming content.

This is among the easiest P3 exam questions, I think 🙂 Hopefully, I’ll pass.

Q1.
a) PESTEL analyzed in the context of SWOT (without SW) & 5 forces
b) Financial – make or buy decision, to buy. Non-financial – 1) Disadv – competitive advantage in ‘green’ car made known to outsider. 2) Adv – removing bottleneck
c) Risk management, succession planning and knowledge management?

Q3
a) Current processes’ flaws, proposed improvement
b) Advantages of ready-made software; reliability, support, low cost etc

Q4
a) Interactive, intelligence etc etc
b) E-procument; timely inventory order?

same here just 50 nothing more

NOT ENOUGH CONFIDENCE!!

It was an ok paper.