Production planning and quality management

This is a quick one, but it is due pretty quick too.

 Deliverable Length:  2 - 3 paragraphs with at least one reference in APA format (no Title or abstract is needed)

Obectives:

Execute qualitative and quantitative forecasting to determine capacity planning

Appropriately use methods for operations scheduling and project management

Understand the cost of quality and cost of failure

Construct aggregate capacity requirements for production planning

Understand capacity planning management concepts

Assess service and product quality

Construct control statistical charts to monitor quality processes

Understand the importance of quality management and measurement

Assignment:

How will accomplishing the above objectives support a person’s success in management? What risks or challenges might a manager encounter if he or she has not mastered these objectives? Explain.