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Types of Standards

JJoseph4y ago
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
John MoffatJohn MoffatTutor4y ago#1
To the extent that they are relevant for Paper PM, they are explained in our free notes and lectures on basic variance analysis.
JJoseph4y ago#2
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
John MoffatJohn MoffatTutor4y ago#3
That is correct (although it is Paper PM now, not F5).
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