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Thanks to open tuition flash card, i was able to figure out what gaming,myopia and ossification was in the exam. overall Exam was a bit hard, hoping for a pass by God’s gracee.
Hi, could you please help thefixed unit costs were given per unit or in total in uestion 1? I misinterpereted the data and thought they were in given per unit – if it is not so will i be given marks per calculation in part “i”?or not? what marks?
Can anyone remember what they wrote about Q4 league tables?
I went on in part a about how they didnt really link to the aims of the police dept listed and that they needed to maybe adapt the table to suit them better i stuck in here ” what gets measured gets done”
Part b i stated advantages like adoption of best practice and performance is transparent and that it will increase competition between areas. I then went on more about his issues in the question about the effect on employees and how it can demotivate them if the targets set are to hard and not under there control especially if rewards are linked. I did a conclusion about saying that it was fine to use league tables as they were very common in public sectors and it was fine to take it from a school but it needed more work to it to link it to the aims of company…… does this sound like what everyone else put?
Q2 part a about the performance pyramid it took me a while to figure out what he was asking but in the end i think i got it after reading it a dozen times.
What did anyone write about the planning KPI’s? I put that the break even risk was planning as the can use this to plan what prices can drop to before break even i think i did a few more,
in question 1 part 5 both of PLAN A and PLAN B were above the target dis you got plan A 135.5million and plan B in one four-tees
question 1 part 5 both of PLAN A and PLAN B were above the target dis you got plan A 135.5million and plan B in one four-tees
the variable units were given in units the fixed were total….. pain in the ****.
I worked everything out and then worked them all out again because i reaised. 🙁
I felt at once this q1 is easy.but when read in depth speciall 2nd part PEST there we had to address the issues in external environment relating to P E S T?ISN’ T it?i found favourable answers for them.it was v difficult to find adverse effects under those areas. I felt to go away from the hall.v sad:-)
This is my 2nd attempt at P5 and I was surprised by how comfortable I was with it. Kept looking for more complications!
Q1 wasn’t that hard. Did the gap analysis and used units x1.04×1.04 x Contrib per unit and took off fixed costs for both products in plan A. Totaled for group profit. Plan B I just used current year fig for C and for P I increased volume again x contrib – fixed costs. Totaled for group profit. It didn’t matter where the marketing spend was as it was a nil increase in group fixed costs (anyone else?) plan A came up short bug plan B beat the target.Myopia I kind of remembered and gaming but not ossification so I guessed that by what the problem was.
RFID changes to perf system I stated what info they would be able to measure and linked it to efficient departments and value for money which the insurance co would look at.
Attitude of staff I used involvement, buy in, controllable. That kind of angle.
Perf pyramid I stated what bits they already kind of covered, then suggested the extra needed to complete the picture. ie external comparisons, year on year improvements. Oh and suggested costs of quality get split into prevention, appraisal, internal, external. If actions are taken to improve aspects of quality then cust satis would improve and could be useful measure.Anyone anywhere near my answers?
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Didn’t realise the fixed costs in Q1 were total costs and took them as unit costs – based on that probably failed
I agree that the paper was too generic and not focused enough on the syllabus. Kpis, csfs, performance pyramid was okay I guess borderline on these.hoping the league tables qs 4 gives me a higher score. Just worried my basic knowledge went out the window for qs 1a, 14 marks and lost 9 marks as wrote crap for performance gap, don’t have a glue what that is.
(POOR TECHNIQUE), I think in exam rooms I lose all common sense / memory. the stupid myopia, gaming and ossification tho I learned the problems but the specific names threw me off urgh should have been easy 10marks. also I think I made an error and numbered question 3 when I did question 4 don’t know what was going on with me in there. Not feeling good at all was hoping to get it on 1st attempt and make member. Anyone knows what will happen if I mis-numbered the paper? Depression
In q2 i mentioned about the overload of data and it doesn’t need to be overloaded when given to the CEO i said it would be better if he had a less detailed more accurate picture maybe with graphs and drill down option to look into further.
I also put about changing the current report to include better perf meas which will like to increasing SHV. I said that they didnt think it was necessary to change as company was making profits and i said if changed it would improve efficiency and effectiveness of the comp linking to the vision/mission.louibee1024 – I can remember some bits although I did Q 4 first
In (a) I talked about how there should’ve been some financial measures in the score if it was supposed to measure value for money. Also that presenting rankings as a score and not the data itself diluted its usefulness (i.e. the forces couldn’t see how much room for improvement). Then I talked about the individual measures relating them to the detailed goals and how the data could be useful/could be improved (can’t remember much of that bit though!)
In (b) I talked about general advantages and criticisms briefly. Said employees might be tempted to act in certain ways to make sure they were on target e.g. not formally reporting crimes that were reported on the beat, call handlers under pressure to get through calls might not make the right decisions etc!! Re the school bit I was really rushing by then but said that public didn’t have a choice about which police force to call whereas school league tables geared to parental choice and also that schools likely to be funded per child so probably why there wasn’t a financial measure in the mix referring to my earlier point. Didn’t get time for a conclusion! Thought I might come back to it but that was wishful thinking!Sounds similar to what i put only i didnt mention about value for money.
I said stuff like employees may not concentrate on actually solving crime but how far up the rank they are and also same think here as what you said. They may just start arresting people for the hell of it to increase their rank. I think i also said something about maybe measuring against time taken for police to get to a crime scene. Another i put how to increase awareness in the community (it was one of the aims) i put maybe measure how many public meeting they have had. I just made allot of rubbish up here.Was so time consuming. I actually did order 1 then 4 then 2. The thing that i find the hardest is the amount of info in the requirements and all the diff people he brings in…. i can never keep a track of where im upto.
How do you think you have done?
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too generic 70% of paper on csfs n KPIs if u ask me coz the performance pyramid is also about same in many ways than one. 2b the myopia, gaming n ossification are behaviours exibited by those being evaluated I think. eg their refusal to change the measurement system is called ossification. hoping for a 50 though
What was qs 1 split of marks? Deffo mixed up myopia with ossification now have looked in books! 3/10 for that qs
Hi, i calculated the profit incorrectly as i used didnt realise the variable costs or fixed costs where in cost per unit so i had a loss for posh and based all my kpi answers etc based on the loss. Will i basically lose all marks or will they give me marks for correct answers if in fact posh was loss making?
Okay… so i did Question 1 well ( I thought) but have been confused with what people have been saying.
What profit figure did you guys get in part a ? I got 87 million (total)
For the forecast in the last part, Plan B came in the 140s. Plan A around 115 million.
Guys what would be the correct answer?
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Think it was 12, 12, 8, 5, 9, 4
https://www.accademy.com/archive/sa_oldarticles/43909#top
Myopic/ossification stuff@mak7ali
My plan a/b answers were the same (or very close).
Think the profit was about that too split $45/$43 ish?Cant remember what i got for total profit but i can remember i got average sell price pu at $400 and $700 and i think i got something like 9.5% for break even cheerful cant remember that one
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