Saturday, December 13, 2008

Technical Terms used in Industry - 2

Guys, just take a look on some 'Technical Terms" being used in the Industry frequently. It will helpful to you while interviewing with auditor or interviewer at the time of interviews. Just have a look.

Business Process Re-engineering (BPR):

BPR is frequently bewildered with downsizing, because re-engineering depicts many employees excess by amending the skillfulness of key processes. Hammer and Champy define re-engineering as "the fundamental rethinking and radical redesign of business processess of performance such as cost, quality, services and speed"

C, CA, PA:

Correction, Corrective Action and Preventive Action.

Correction is the quick remedial (containment) action on superficial causes i.e., the "1st Why?" itself or the failure mode itself.

Corrective Action (CA) is "do"ing Kaizens on root-cause i.e., "last level Why?" to permanently avoid recurrence of failure mode.

Preventive Action (PA) is "do"ing Kaizens to prevent occurrence of such potential failures proactively in other similar areas.

CA-PDCA:

"CA", i.e., Current Assessment stands for "Analysis of Current situation before one starts a Plan-Do-Act-Check (PDCA) Cycle. The PDCA tool is an improvement cycel that comes in handy in every walk of life.

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