Page 243 - PM Integrated Workbook 2018-19

Chapter 9

Quantitative analysis

Outcome

By the end of this session you should be able to:

 explain and evaluate the use of high/low analysis to separate the fixed and
variable elements of total cost

 explain the use of judgement and experience in forecasting

 explain the learning curve effect

 estimate the learning effect and apply this to a budgetary problem

 calculate production times when the learning curve has reached a steady
state

 explain the limitations of the learning curve model

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 9 of your Study Text

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