So, now that we have our first acronym – FMEA – under our belt, why stop there?
Have you ever stopped to think what some of the other frequently-used acronyms stand for in our Risk Management world? We know, you’ve been losing sleep at night. Wonder no more, let us help clear things up for you!
IQ – Integrated Quality
IQ-FMEA – Failure Modes and Effects Analysis
IQ-RM – Risk Management
IQ-CT – Customized Tools
NLX – Network License Extension
XDI – External Data Integration
CARM – Computer Aided Risk Management
CARM-NG – Next Generation
CSS CARM – Server Service
CSA CARM – Server Agent
We sometimes forget the meat and bones behind the terminology we use in any field so it’s nice to get a refresher. Knowing the meaning behind the tools at our disposal can sometimes help us most accurately utilize them for an intended outcome.