P3 Last minute revision

PRESENTED BY ALAN LEWIN

Areas included in presentation

Syllabus overview P3 Paper format Review of December 2013 paper Recent articles Question spots June 2014 Last minute tips

Overview of syllabus
A - Strategic position of organisation B Strategic choices C Strategic implementation D Design (and change of) business processes E Use if IT solutions F Principles of project management G Financial consequences of decisions H Leadership and people

Overview of questions
Large scenario 30 marks Needs careful planning Any syllabus area

P3 Paper format
Section A 50 Marks - compulsory Section B Three questions with 25 marks each. Attempt 2 from 3 Knowledge v Application Up to 15% for knowledge 85% for application

Section A style questions

Large scenario 50 marks Needs careful planning Any syllabus area But think in 2 mark chunks most of the time

Section B style questions

Still large scenarios 20 marks Need to apply knowledge to the scenario Need to think in 2 mark chunks again

Review of December 2013 paper

Question 1 Significant scenario as usual Focus on strategy Porters diamond model also examined (this is rare) Question 2 (a) lots of numbers but question was to analyse these hence few calculations needed (b) Benefits of budgeting avoiding problems in scenario

Review of December 2013 paper

Question 3 (a) Some work on break even analysis quantify being an important word in requirement (b) Marketing strategies can use the 7 Ps Danger in both sections of having unfocused answers Question 4 (a) Nice question (but on marketing again!) (b) Open ended again need to make some clear points

P3 Recent articles
Value chains, value networks and supply chain management Explanation of supply chain and different supply chain management theories Culture and configuration Revision of F1 theories and some P3 specific areas such as 7s model Benchmarking Explanation of benchmarking and links to planning and use of supply chain

Question spots June 2014

Remember the December paper was very focused on marketing and IT hence less likely to be examined this time Strategy evaluation how good strategy has been or amend? Calculations in part (b) noted as weak in examiners conference explanation of variances, decision trees? PVC that is Porters Value Chain or similar focus on processes in an organisation so could be BPR People aspects culture and people

P3 - Last minute tips

Practice recent exam questions Remember to present answers clearly In written answers, think in 2 mark chunks State theory ID from question Say what this means