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Types of Standards

This topic has 3 replies, 2 voices, and was last updated 9 months ago by John Moffat.

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October 1, 2021 at 7:03 pm #636838
Joseph.Andrews
- Topics: 45
- Replies: 23
Can you please tell me the types of standards such as Basic standard, Ideal standard, Current standard, and Expected standard and where they are being used?

I was unable to understand them completely? I hope you would not mind
October 2, 2021 at 9:05 am #636854
John Moffat
Keymaster
- Topics: 57
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To the extent that they are relevant for Paper PM, they are explained in our free notes and lectures on basic variance analysis.
October 3, 2021 at 6:16 pm #636933
Joseph.Andrews
- Topics: 45
- Replies: 23
Sir, I wonder where these types of standards are used in F5?

1) Basic standard
These are the basic standard that company set and they could be easily achieve

2) Ideal standard
These are the ideal standards that the company set and it is impossible to reach those standard

3) Current standard
These are the current standard that we are considering

4) Expected standard
This is what we expect the standard to be in the future but it might be wrong because they are based on estimates

Please correct me if I am wrong
October 4, 2021 at 8:32 am #636950
John Moffat
Keymaster
- Topics: 57
- Replies: 49622
That is correct (although it is Paper PM now, not F5).
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