CIMA MCS Practice Workshop 2 – February 2018 Final PDF

Niraj Gurav

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PDF Summary​​

This document is a live practice workshop for the CIMA Management Case Study (MCS) exam, held in February 2018. It provides guidance on answering techniques, exam-day strategies, and case study analysis. Here are the key takeaways:

Exam Strategies

  • Use time wisely – Allocate time effectively across tasks.

  • Plan your answer – Structure responses before writing.

  • Go for easy marks – Prioritize straightforward points.

  • Think while typing – Ensure clarity in responses.

  • Stick to the plan – Maintain your time and structure.

DON'Ts on Exam Day

  • Avoid overly complex answers – Keep responses concise.

  • Don’t go overboard – Stay within scope.

  • Don’t just repeat textbook material – Apply concepts practically.

  • Resist re-reading the pre-seen – Focus on answering questions.

  • Don’t panic – Stay calm and methodical.

Case Study Tasks

Task 1: Project Team Conflict

  • Addresses a disagreement over resource allocation for the Lima exploration project.

  • Considerations include conflict resolution techniques, goal congruence, and stakeholder impact.

Task 2: Development Costs

  • Discusses capitalizing costs for Closa Oil under IAS 38.

  • Highlights ethical concerns of overstating profits.

Task 3: Health & Safety Compliance

  • Explores ways to enforce safety policies in Nortan’s oil rigs.

  • Suggestions include training, policy updates, and Balanced Scorecard (BSC) metrics.

Task 4: Big Data Implementation

  • Evaluates the benefits, costs, and risks of using Big Data for decision-making.

  • Benefits include efficiency, innovation, and better reporting.

  • Costs involve customization and training.

  • Risks include data distortion and process inefficiencies.

Final Exam Preparation Steps

  • Review the pre-seen material one last time.

  • Revise key study notes, including financial ratios.

  • Rest before the exam.

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About the Author

Niraj Gurav

If it is something that truly needs to be dealt with, write it down on a piece of paper, tuck it away, and choose not to think about it until after the kids are in bed (if possible). Then read the piece of paper and map out a plan of what you need to do.

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