Learning Curves

Topic

Learning Curves

Instructions

• Why are learning curves important to study?
• How do you create and evaluate learning curves?

Answer preview

Learning curve is critical in cost estimation, cost analysis and efficiency studies. Notably, the learning curve illustrates that if a role is executed over and over reduced time will be needed at each iteration. It is critical to realize that the learning curve cannot be considered as a cost reduction method. Learning curve remains to be a naturally happening human experience. Learning takes place since individuals are resourceful and they are able to learn from mistakes.

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