Ben Matthews and David Everhart work for a landscaping company in Twin Cities, Oklahoma. Their principal job
Question:
Ben Matthews and David Everhart work for a landscaping company in Twin Cities, Oklahoma. Their principal job is to lay railroad ties to line the sidewalks around apartment complexes and to install flower boxes. The first time Ben and David undertook one of these projects, they spent 17 hours. Their goal by the end of the summer was to be able to finish an apartment complex in 8 hours, one working day. They performed eight of these jobs and had an 80 percent learning curve. Assume that all apartment complexes are approximately the same size.
Required
Did they reach their goal? If not, what would the learning rate have to have been for them to have accomplished their goal?
Data input
Project # | Time | |
1 | 17 | |
Learning curve rate = | 80% |
Step by Step Answer:
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins