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P3 Exam Revision Tips and Strategies

The document provides an overview of the P3 syllabus and exam format, a review of the December 2013 exam paper, discusses recent relevant articles, and provides last minute tips. The syllabus covers strategic management, business processes, IT solutions, project management, and leadership. The exam consists of a 50 mark compulsory question and a choice of 2 out of 3 25 mark questions. Recent articles discussed supply chain management theories and benchmarking. Question topics likely to be covered in June 2014 include strategy evaluation, calculations, Porter's Value Chain, and people aspects. Last minute tips include practicing past papers, presenting answers clearly in 2 mark chunks, and explicitly linking theories to the question.

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11 views12 pages

P3 Exam Revision Tips and Strategies

The document provides an overview of the P3 syllabus and exam format, a review of the December 2013 exam paper, discusses recent relevant articles, and provides last minute tips. The syllabus covers strategic management, business processes, IT solutions, project management, and leadership. The exam consists of a 50 mark compulsory question and a choice of 2 out of 3 25 mark questions. Recent articles discussed supply chain management theories and benchmarking. Question topics likely to be covered in June 2014 include strategy evaluation, calculations, Porter's Value Chain, and people aspects. Last minute tips include practicing past papers, presenting answers clearly in 2 mark chunks, and explicitly linking theories to the question.

Uploaded by

billyryan1
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

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

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