Acronyms Flashcards
KPI
Key Performance Indicators
Leading KPI influence future performance
Lagging KPI analyze past performance
SWOT
Strengths, Weaknesses, Opportunities, Threats
OEE
Overall Equipment Effectiveness
ROI
Return On Investment
NPV
Net Present Value
CMMS
Computerized Maintenance Management System
Often a component of EAMS
EAMS
Enterprise Asset Management System
Often encompasses CMMS
NO
WO
PR
PO
Notification (work request)
Work Order (direction to work)
Purchase Request
Purchase Order
MDX
Multidimensional Expressions
TQM
Total Quality Management
DPMO
Defects Per Million Opportunities
BI
Business Intelligence
BSC
Balanced Scorecard
HSEQ
(QHSE)
(HSE)
(EH&S)
Health Safety Environment Quality
SMART
Specific, Measurable, Achievable, Realistic, Time-based
O&M
Operations and Maintenance
OEM
Original Equipment Manufacturer
RAV
Replacement Asset Value
MRO
Maintenance, Repair And Operating Materials
SPC
Statistical Process Control
SME
Subject Matter Expert
ISO
International Standards Organization
TPM
Total Productive Maintenance
RCFA
Root Cause Failure Analysis