| Word of Phrase |
|
Definition |
| Actuarial analysis |
|
Statistical calculation, especially of
life expectancy |
| Add-on work |
|
Work added to a maintenance schedule after
the agreed upon cut-off time for the schedule. |
| Action results Indicator |
|
Key Performance Indicators used for measuring
results of actions that indirectly or directly impacts the financial
performance of the company. Examples |
| Apprentice |
|
An employee in a certified training program
to become a craftsperson. |
| Asset |
|
An accounting term for any physical thing
owned by a plant, such as buildings, equipment, desks, software, computers
etc. |
| Asset number |
|
A number that follows a particular asset
in a plant, should be used for accounting purposes. Note an asset
number is different from an equipment location number. An equipment
location number stays in the same location, where an asset number
may move location. |
| Asset Replacement
Value |
|
The current accounting
value of all combined physical assets in a plant. |
| Assessment - reliability |
|
A study comparing the Current best Practices
(CBP) with actual performance. The study assesses the effectiveness
of processes in place. |
| Autonomous Maintenance |
|
Maintenance processes driven by hourly
workforce without management support or intervention. |
| Autonomous Training |
|
Training that is incorporated into the
day-to-day work processes. The training is based on experiences and
findings from the daily work and is then communicated on a regular
basis. |
| Availability |
|
Percentage of total hours (8760/year) or
scheduled operating time a system is available for production. |
