| Word of Phrase |
|
Definition |
| Capital work |
|
Work done for improvements
or betterments which will increase the value of assets. |
| Capital Spares |
|
Spare parts that are depreciated (not expensed)
in accounting books. |
| Charge rate |
|
The amount per hour a
resource cost for the company. Wages plus benefits. Benefits are usually
around 35% of the salary in The USA, 50-60% in Europe. Benefits include
insurances, vacations, and other time off. |
| Component |
|
A generic technical part. Many components
make up equipment. Hierarchy is that parts make components, makes
equipment, makes systems. illustration
(30 KB) |
| Computerized
Maintenance Management System (CMMS) |
|
A computer program or
interfacing programs used to manage the maintenance function in a
plant. |
| Condition Based Maintenance
(CBM) |
|
Maintenance actions taken as a result of
investigated condition of parts or components. The condition is measured
or evaluated during programmed inspections of parts and components. |
| Condition
Monitoring |
|
All work performed in
order to find failures early. |
| Consequence Of Break-Down
(COB) |
|
The “cost”, not always measured
in money, of a break down of equipment. COB is prioritized as follows:
- Environmental damage or safety hazard
- Production loss
- High Cost (equipment life)
|
| Continuous
Improvement |
|
Continuous improvement
of existing practices resulting in improved performance. |
| Corrective Maintenance |
|
All maintenance performed to correct a
break down or failure. |
| Cost Effective |
|
When the monetary benefit
exceeds the cost of implementing an improvement. |
| Crafts people |
|
People with professional skills in mechanical, electrical
or instrumentation maintenance. Many plants require skills in several
of the skills mentioned. |
| Criticality |
|
The criticality of a component, equipment,
or system based on the consequence of Break-Down. |
| Current Best Practice (CBP) |
|
The best way known to do something in IDCON’s
Results Oriented Maintenance (ROM) philosophy. The future might reveal
a better way of doing something and thus change the CBP. A CBP is
equal to an element, which is the lowest level of detail in a Key
Process. |
| Cut-off time |
|
Time when a schedule closes. |
