TLAs and Communication Challenges in Risk Management
June 25, 2014
Three-Letter Acronyms (TLAs) are a mainstay of both manufacturing and technology. Sure, it's verbally more efficient to use TLAs than say or write "Operational Risk Management" or "Environment, Health & Safety" but challenges arise when all parties to the communication don't share the same frame of reference. A conversation about asset integrity and reliability can easily derail when the acronym soup gets a little too thick. In this post LNS Research takes a look at some of the acronyms and shares responses from manufacturers when those enterprises were asked how they view asset performance technology.