*** P5 December 2013 Exam was.. Post your comments ***

@ cazza99

Same figures for total profit you have just reminded me.

What about the last to i literally copied them from the question quality costs and awards won

Qt 1
Selling price $400 and $700
Margin of safety was around 26-27% for both.
Plan A was short by about 21 million Plan B was 140 Million or ahead by 5 million.
Long paper but which P level paper has ever been short?

I had 115-120 million profit using Plan A and 139.9 million using plan B
Happy to see similar answers!

Yes ! Plan À was around 115-120 and plan B around 140-141 so only Plan B would reach the target of 135 …

like a numpty i only increased for 1 year 🙁

Did you do any written on this part? Surely 9 marks wasn’t just for calcs?

Also what did anyone put for planning KPI’s??

This confused me because we have only ever been taught building and monitoring and internal and external.

Also what did people put for PEST?

Thanks. Was thinking how was qs1a 11 marks, didn’t leave time for commentary. Just wish other topics like eva,beyond budgeting and ema came up…felt too easy almost as if I was wrong as too much csf/kpi bollocks

Oh dear, didn’t answer the performance gap with numbers – just wrote some random stuff about them conflicting with one another. Lost loads of marks. Wish some of the theory had actually come up!

Qt 1
Selling price $400 and $700
Margin of safety was around 26-27% for both.
Plan A was short by about 21 million Plan B was 140 Million or ahead by 5 million.

This was what I got

sales were 700 and 400 per unit
contribution were 145 and 375 per unit
sales volume increased 4% each year
Fixed 120m

Question 2 and 3 were tough. Quite open to interpretation and very easy to repeat yourself

myopia – is shorted sightedness so the directors didn’t want to change anything because the company was doing ok, so they weren’t looking forward.
gaming – the guy was hiding invoices
ossification – being obstructive the

I feel not to be very hard, but can’t really understand q3. Q1and q2was easy.

Hard!

Was hoping something like Eva , budgeting but no question about this at all!!

Q1 speechless no comment…

Confident for Q2 pyramid

While reading the requirement for Q3 … I was feeling like that the hll is the RDIS???!!

Then Q4 is league table…. Done in rush…

I guess I will be failed in this paper…

I have got exactly the same numbers in q1:)
myopia – consider focus on shorter term ROCE (delaying investments) rather than on overall objective of wealth max (suggestested Eva instead);
ossfication -mamagers reluctant to change the actual perf. sys although proble arise (complaints from customer, instit. shareholders etc):

Good luck to you!

posh’s break even was around 68%, and cheerful’s was 8or9% i guess…
is it right?

Dear guys, I do really hope that this time we will pass P5 and become affiliates!!! Wish all of us only PASS!!!

on the exam: Q1 i) required only to calculated and no evaluaiton of performance, I just don’t remember whether fixed costs were in total $ millions or per unit? I understood as fixed costs and variable costs were per unit.
v) on strategies, I’ve got that Plan A and B will give more than 135 m, as I found it total profit per Cheerful and Posh divided by units and multiplied it by increased units in 2 years time. I guess there won’t be target profit gap but will be performance gap as Posh was more expensive than Cheerful and demand in Beeline was increasing within middle class population.
on KPIs controlling vs operating, I wrote that most of KPIs are for planning as before entering to the market, there is a need to identify profit, selling price. but the same KPIs can be used after all for controlling purposes as well. You think would it be correct approach?

Q2: was ok. performance pyramid, in Graviton there was no concentration on productivity, revenue was increasing, ROCE withing industry, but investors complaining on dividend growth, so the problem would be in controllingn costs especially when they are paying for overtimes. Anybody would agree with it?
on part b) I think i confused ossification, as I wrote, that ossification is when fixing on one measure only, and wrote that senior manager is ossified on target profit when there are other measures to concentrate on.

Q4: I wrote that no measure on VFM, ranking will demotivate as some regions may be deprived or under development, high unemployment and will lead to higher crime rate.
part be, only 1 merit gave on improvement of performance, on employee behavior demotivation.

Please, guys, share with your ideas. I do really hope for PASS and become AFFILIATE FEBRUARY 2014!!!
Thanks to ALL!!!