Spm Trial 2010 Bi Q&A (Sbp)

download Spm Trial 2010 Bi Q&A (Sbp)

of 36

  • date post

    29-May-2018
  • Category

    Documents

  • view

    219
  • download

    0

Embed Size (px)

Transcript of Spm Trial 2010 Bi Q&A (Sbp)

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    1/36

    %$+$*,$13(1*8586$1

    6(.2/$+%(5$65$0$3(18+'$16(.2/$+./867(5

    .(0(17(5,$13(/$-$5$10$/$

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    2/36

    6HFWLRQ$'LUHFWHG:ULWLQJ

    PDUNV

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    3/36

    6HFWLRQ%&RQWLQXRXV:ULWLQJ

    PDUNV

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    4/36

    %$+$*,$13(1*8586$1

    6(.2/$+%(5$65$0$3(18+'$16(.2/$+./867(5

    .(0(17(5,$13(/$-$5$10$/$PDUNV@

    )RU([DPLQHUV8VH

    6HFWLRQ 7RWDO 0DUNV

    $

    %

    &

    '

    7RWDO

    1R.DG3HQJHQDODQ$QJND*LOLUDQ

    +DN&LSWD%DKDJLDQ3HQJXUXVDQ6HNRODK%HUDVUDPD3HQXKGDQ

    6HNRODK.OXVWHU.HPHQWHULDQ3HODMDUDQ0DOD\VLD

    68/,7

    %DKDVD

    ,QJJHULV

    .HUWDV

    2JRV

    MDP

    papercollection

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    5/36

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    6/36

    7KHPDQLQWKHFDUWRRQVWULSLVDVNLQJSHRSOHWR

    $ KHOSQDWXUHE\KHDWLQJZDWHU

    % KHOSUHGXFHJOREDOZDUPLQJ

    & XVHDVPXFKIXHODVQHHGHG

    ' IROORZDOOWKDWVKHGRHV

    7KHPDLQSRLQWRIWKHDERYHH[WUDFWLV

    $ H[SHUWVRIORQJDJRNQHZZKDWWKH\ZHUHWDONLQJDERXW

    % DOLJKWDWWLWXGHWROLIHKHOSVSHRSOHWRHQMR\DEHWWHUOLIH

    & DOOWKRVHZKRODXJKGHILQLWHO\KDYHDEHWWHUKHDOWK

    ' SHRSOHZKRZRUU\KDYHDEHWWHUWLPH

    ,QHYHUGULQNKRWGULQNVDVWKHIXHO

    QHHGHGWRKHDWWKHZDWHUFRQWULEXWHV

    WRJOREDOZDUQLQJ'RWU\VRPHRI

    P\PHWKRGVWRKHOSQDWXUH

    'R\RXODXJKRIWHQ"

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    7/36

    $FFRUGLQJWRWKHLQYLWDWLRQDERYHZKRLV'U0RKG

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    8/36

    BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

    5HVFX5HVFX5HVFX5HVFX

    2LWD+RQVKX$PDQZKRZ

    2LWDDIWHU IDOOLQJ DQG VWUXJJOLXVHGVDZVWRGLVPDQWOHDZDOO

    WREHUHPRYHGYLDWKHIURQWGR

    )URPWKHQHZVSDSHUUHSRUW$EHLQJWRRIDW%OLYLQJLQDQROGKRXVH&QRWNQRZLQJKRZWRXVH'IRUJHWWLQJWRORFNKLVIURQ

    7KHURDGVLJQLVDW\SHRI

    $ FDXWLRQDU\VLJQ

    % PDQGDWRU\VLJQ

    BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

    UVEUHDNZDOOWRVDYHNJPDQUVEUHDNZDOOWRVDYHNJPDQUVEUHDNZDOOWRVDYHNJPDQUVEUHDNZDOOWRVDYHNJPDQ

    LJKVDQHVWLPDWHGNJZDVUHVFXHG

    JDORQH IRU WZR GD\V WR WHOHSKRQH IRURI6DWR7DNHVKLVKRPHWRH[WUDFWKLPDV

    U$3

    HNQRZWKDW6DWR7DNHVKLVSUREOHPZDVPDLQ

    VDZWGRRU

    & H[SODQDWRU\VLJQ

    ' LQIRUPDWLRQDOVLJQ

    12+21.,1*

    BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

    IURPKLVKRPHLQ

    KHOS$XWKRULWLHVKHZDVWRRODUJH

    O\GXHWRKLP

    papercollection

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    9/36

    4XHVWLRQVDUHEDVHGRQWKHIROORZLQJSDVVDJH

    ,ZRXOGOLNHWRRSHQP\RZQVKRSRQHGD\SHUKDSVKDYHP\RZQIUDJUDQFHDQGFRVPHWLFOLQH7KHUHBBBBBBPDQ\WKLQJV,KDYHQWGRQH,ZRXOGORYHWRGRFORWKHVIRUPHQWKHUHVDPDUNHWIRUBBBBBBBPHQZKROLNHWRGUHVVXS$QG,BBBBBBDODZGHJUHH\RXNQRZEHKLQGDOOWKLV

    FUHDWLYLW\WKHUHLVDEUDLQ,DPLQWHOOLJHQW,ORYHGLDPRQGVSHDUOVDQGMHZHOOHU\7KLVKDVDOVREHHQDJRRGEXVLQHVVRSSRUWXQLW\DV,PDQDJHGWRBBBBBBXSZLWKWKHRZQHUVRIMHZHOOHU\DQGSHDUOFHQWUH5DIIOHVLD,OOEHZRUNLQJRQDSURMHFWBBBBBBP\QHZOLQHRIDFFHVVRULHVBBBBFROODERUDWLRQZLWKWKHP,SODQWRFRPHEDFNODWHUWKLV\HDUWRIHDWXUHDQH[FOXVLYHOLQHRI0DOD\VLDQLQVSLUHGFRXWXUHJRZQVZLWKSHDUOVDQGHPEURLGHU\DQGVKRHVVSHFLDOO\BBBBE\-LPP\&KRR$GDSWHGIURP7KH6WDU WK$SULO

    $ LV $ LQYROYLQJ

    % DUH % UHJDUGLQJ

    & ZDV & PDQDJLQJ

    ' ZHUH ' VSHFLDOLVLQJ

    $ VLPSOH $ LQ

    % PRGHUQ % RQ

    & JODPRURXV & DW

    ' ZRQGHUIXO ' RI

    $ KDV $ PDGH

    % KDG % FUDIWHG

    & KDYH & GHVLJQHG

    ' ' LQYHQWHG

    $ VHH

    % ORRN

    & PHHW

    ' FRQWDFW

    papercollection

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    10/36

    6HFWLRQ%

    PDUNV

    4XHVWLRQV

    6WXG\WKHPRYLHUHYLHZE\6HWR.LW

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    11/36

    4XHVWLRQV

    8VLQJWKHLQIRUPDWLRQIURPWKHPRYLHUHYLHZZULWHVKRUWDQVZHUVLQWKHVSDFHVSURYLGHG

    7LWOH

    3URGXFHU

    )LQDQFLHUV

    0RYLHJHQUH

    4XHVWLRQV

    %DVHGRQWKHLQIRUPDWLRQJLYHQJLYHVKRUWDQVZHUVWRWKHIROORZLQJTXHVWLRQV

    :KDWLQVSLUHG.HOYLQ7RQJWRSURGXFHWKHPRYLH"

    :KRZDVNLGQDSSHGLQWKHPRYLH"

    +RZORQJZDVWKHWD[LGULYHUJLYHQWRUDLVHWKHPRQH\"

    :KDWZDVWKHUHODWLRQVKLSEHWZHHQ+XDQG0UV1J"

    :KDWDUHWKHDWWUDFWLRQVRIWKHPRYLHV"

    PDUNV

    papercollection

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    12/36

    6HFWLRQ&

    >PDUNV@

    4XHVWLRQVDUHEDVHGRQWKHIROORZLQJSDVVDJH

    7KHSDVVDJHEHORZGHVFULEHVKRZWKHWVXQDPLFKDQJHG-HW/LVOLIHIRUHYHUDQGKRZKHZDQWVWRFKDQJHWKHZRUOGQRZ5HDGWKHSDVVDJHFDUHIXOO\DQGDQVZHUWKHTXHVWLRQVWKDWIROORZ

    $V KH VWUXJJOHG WR NHHS KLV IRXU\HDUROG GDXJKWHU -DQH DERYH WKH VXUJLQJZDWHU -HW/L VKRXWHG IRU VRPHRQH WRKHOSKLV QDQQ\ZKRZDV KROGLQJKLV RQH\HDUROGGDXJKWHU-DGD7KLVZDVQRDFWLRQPRYLH/LNHPDQ\SHRSOHDFURVV$VLD/LZDVFDXJKWXSLQWKHUHDOOLIHKRUURURIWKHGHYDVWDWLQJWVXQDPLWKDWKLWXVRQ'HFHPEHU

    ,WDOOEHJDQZKHQ WKH&KLQHVHNXQJIXPRYLHVWDUFDPHWRWKH0DOGLYHVIRUDKROLGD\ZLWK KLVZLIH1LQD WZR \RXQJGDXJKWHUV DQGQDQQ\ -XVW DIWHU WHQ WKDW

    6XQGD\PRUQLQJ KHKDG EHHQVWDQGLQJ E\ WKH SRRO DW WKH )RXU 6HDVRQV +RWHOUHDG\WRWDNHKLVWZRH[FLWHGOLWWOHJLUOVLQWRWKHVHD

    7KHQKHQRWLFHGWKHZDWHUULVLQJZLWKWHUULI\LQJVSHHG%\WKHWLPHKHDQGWKHQDQQ\KDGSLFNHGXS-DQHDQG-DGDDQGWXUQHGWRKHDGEDFNWRWKHKRWHOWKHZDWHUKDG UHDFKHG WKHLU IHHW:LWKLQ VHFRQGVLW URVH WRKLVZDLVW WKHQKLV FKLQ ,Q WKHHQVXLQJFKDRV/LJUDEEHG-DQHEXW ORVWKLVJULSRQ-DGDDQG WKHQDQQ\$VWKH\ZHUHDOO VZHSWWRZDUGVWKHKRWHO KHFULHGRXWIRU KHOS)RXUE\VWDQGHUV MXPSHGLQWRWKHZDWHUDQGVDYHGWKHOLWWOHJLUODQGWKHQDQQ\

    :KHQLWZDVDOORYHUKLVIDPLO\DQGRWKHUKRWHOJXHVWVZHUHIRUFHGWRVOHHSLQWKHOREE\GXHWRHOHFWULFLW\IDLOXUH,WZDVWKHQWKDW/LVDWXSDQGUHIOHFWHGRQZKDW

    KDGKDSSHQHG8SWRWKHQ,KDGVSHQWWKHILUVW\HDUVRIP\OLIHWKLQNLQJRI-HW/L-HW/LQXPEHURQH%XWQRZ,WKRXJKWKRZHYHUSRZHUIXOKRZHYHUIDPRXVLQWKDWPRPHQWLWFDQQRWKHOS\RX,WKRXJKWDERXWP\OLIHDQGZKDW,ZDQWHGWRGR

    ,QWKHWLPHEHWZHHQWKHWVXQDPLDQGWKH6LFKXDQHDUWKTXDNHEDFNLQ&KLQD-HW/L WUDQVIRUPHG KLV OLIH GHGLFDWLQJ PXFK RI KLV WLPH WR KHOSLQJ WKH YLFWLPV RIGLVDVWHUDQGWKHOHVVIRUWXQDWH5DWKHUWKDQMXVWGRQDWHPRQH\KHVHWRXWWRFUHDWHDQRUJDQLVDWLRQWKDWZRXOGPDNHDJHQXLQHGLIIHUHQFHDQGGUDZXSRQWKHSRZHURILQGLYLGXDOVDURXQGWKHZRUOG

    )ROORZLQJKLV RUGHDO LQ WKH0DOGLYHV /L UHWXUQHGKRPH WR+RQJ.RQJ DQG

    VZXQJLQWRDFWLRQ$IWHUWKHWVXQDPL/LWROGKLVZLIH,KDYHWRGRVRPHWKLQJULJKWDZD\7KDWVKRZWKH2QH)RXQGDWLRQZDVERUQKHVDLG,Q-DQXDU\KH GRQDWHG D ODUJH DPRXQW RI PRQH\ WR WKH YLFWLPV RI WKH WVXQDPL DQG XVHGDQRWKHUODUJHVXPWRVWDUWDIRXQGDWLRQ

    'XULQJKLVIUHHWLPHKHVSRNHZLWKDFDGHPLFVDURXQGWKHZRUOGDQGVSHQWWLPHDWSKLODQWKURSLFRUJDQLVDWLRQVVXFKDVWKH5RFNHIHOOHU)RXQGDWLRQWROHDUQZKDWPDNHVDVXFFHVVIXOQRQJRYHUQPHQWRUJDQLVDWLRQ1*2

    papercollection

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    13/36

    7KH LGHD EHKLQG 2QH )RXQGDWLRQ LV VLPSOH WKLQN ELJ E\ WKLQNLQJ VPDOO6WDUWLQJLQ&KLQD/LKDVVHWRXWWRUDLVHRQH\XDQFHQWVIURPHYHU\SHUVRQHDFKPRQWK+HOLNHQVLWWRRQHELJIDPLO\KHOSLQJHDFKRWKHURXW+HVDLG,EHOLHYH KHOSLQJ HDFK RWKHU VWDUWV ZLWK WKH LQGLYLGXDOV ,W LV HYHU\ERG\V

    UHVSRQVLELOLW\WRJLYH,IHYHU\RQHJLYHVRQH\XDQHYHU\PRQWKLWZLOODGGXSWRELOOLRQVRIGROODUV7RPDNHWKDWLGHDDUHDOLW\2QH)RXQGDWLRQKDVDOVRWHDPHGXSZLWKWKHFRUSRUDWHVHFWRU

    ,Q MXVW PRQWKV WKH IRXQGDWLRQ KDVUDLVHGQHDUO\PLOOLRQSURYLQJ WKHSRZHU RI /LV VLPSOH LGHD ,W KDV KHOSHG D QXPEHU RI GLVDVWHU UHOLHI HIIRUWVLQFOXGLQJWKH

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    14/36

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    15/36

    %DVHGRQWKHSDVVDJHJLYHQZULWHDVXPPDU\RQ

    x ZKDW-HW/LKDVGRQHWRKHOSYLFWLPVRIGLVDVWHUDQG

    x WKHRUJDQLVDWLRQRI2QH)RXQGDWLRQKHKDVVHWXS

    &UHGLWZLOOEHJLYHQIRUXVHRIRZQZRUGVEXWFDUHPXVWEHWDNHQQRWWRFKDQJHWKHRULJLQDOPHDQLQJ

    PDUNV@

    papercollection

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    16/36

    papercollection

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    17/36

    6HFWLRQ'

    >0DUNV@

    4XHVWLRQ5HDGWKHIROORZLQJVWDQ]DVRI6RQQHWDQGDQVZHUWKHTXHVWLRQVWKDWIROORZ

    6211(76KDOO,FRPSDUHWKHHWRDVXPPHUVVGD\"7KRXDUWPRUHORYHO\PRUHWHPSHUDWH5RXJKZLQGVGRVKDNHWKHGDUOLQJEXGVRI0D\$QGVXPPHUVOHDVHKDWKDOOWRRVKRUWDGDWH6RPHWLPHWRRKRWWKHH\HRIKHDYHQVKLQHV$QGRIWHQLVKLVJROGFRPSOH[LRQGLPPG$QGHYHU\IDLUIURPIDLUVRPHWLPHVGHFOLQHV%\FKDQFHRUQDWXUHVFKDQJLQJFRXUVHXQWULPPG

    %XWWK\HWHUQDOVXPPHUVKDOOQRWIDGH1RUORVHSRVVHVVLRQRIWKDWIDLUWKRXRZVW1RUVKDOO'HDWKEUDJWKRXZDQGUHVWLQKLVVKDGH:KHQLQHWHUQDOOLQHVWRWLPHWKRXJURZVW6RORQJDVPHQFDQEUHDWKHRUH\HVFDQVHH6RORQJOLYHVWKLVDQGWKLVJLYHVOLIHWRWKHH

    :LOOLDP6KDNHVSHDUH

    D6WDWHWZRFKDUDFWHULVWLFVRIWKHH\HRIKHDYHQ

    L >PDUN@

    LL >PDUN@

    E :KDWGRHVHWHUQDOOLQHVUHIHUWR"

    >PDUN@

    F ,I\RXZHUHWKHSHUVRQDZRXOG\RXFRPSDUH\RXUEHORYHGWRVXPPHU":K\"

    >PDUNV@

    papercollection

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    18/36

    5HDGWKHH[WUDFWIURPWKHVKRUWVWRU\7KH1HFNODFHEHORZDQGDQVZHUWKHIROORZLQJTXHVWLRQV

    D :KDWGRHVLWLQWKHDERYHH[FHUSWUHIHUWR"

    >PDUN@

    E :K\ZDV0DGDPH)RUHVWLHUVXUSULVHGWKDW0DWKLOGHERXJKWDQHZQHFNODFHWRUHSODFHKHUV"

    >PDUN@

    F+RZGLG0DGDPH)RUHVWLHUIHHOZKHQVKHWRRN0DWKLOGHVKDQGV"

    >PDUN@

    G,I\RXZHUH0DWKLOGHKRZZRXOG\RXIHHOZKHQ\RXIRXQGRXWWKHWUXWKIURP0DGDPH)RUHVWLHU"

    *LYHDUHDVRQIRU\RXUDQVZHU

    >PDUNV@

    ,EURXJKW\RXEDFNDQRWKHUH[DFWO\OLNH LW$QGLWKDVWDNHQXVWHQ\HDUVWRSD\IRULW

  • 8/8/2019 Spm Trial 2010 Bi Q&A (Sbp)

    19/36

    7KHIROORZLQJDUHWKHQRYHOVVWXGLHGLQWKHOLWHUDWXUHFRPSRQHQWLQ(QJOLVK/DQJXDJH

    -XQJOHR