| Word of Phrase |
|
Definition |
| Element |
|
In the IDCON assessment. A CBP is equal
to an element, which is the lowest level of detail in a Key Process.
The best way known to do something. The future might reveal a better
way of doing something and thus change the CBP. illustration |
| Emergency Work |
|
Emergency work is a synonym to break-in
work. |
| Equipment |
|
An asset that performs a function e.g.
a motor coupling pump, pumps water from pint A to point B. |
| Equipment History |
|
Documentation for all events such as repairs,
modification, and preventive maintenance performed for a specific
equipment. |
| Equipment location |
|
A physical location in the plant for a
piece of equipment. |
| Equipment Location number |
|
A unique number assigned to an equipment
location. |
| Equipment
reliability |
|
Time, speed, and quality
performance as it relates to equipment. In IDCON’s ROM philosophy,
equipment reliability is the result of maintenance work. |
| Estimated Replacement Value |
|
Estimated present value of assets. |
