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Operational Excellence (OE) is the systematic implementation of principles and tools designed to enhance organizational performance, and create a culture focused on continuous improvement. It is intended to enable employees to identify, deliver, and enhance the flow of value to customers.
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KPI information boards. A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [2]
Marine Corps Operational Test and Evaluation Activity (MCOTEA) is the independent Operational Test and Evaluation (OT&E) authority for the U.S. Marine Corps.MCOTEA plans, executes, and evaluates testing of material solutions against warfighter capabilities, under prescribed realistic conditions and doctrine, to determine Operational Effectiveness, Operational Suitability, and Operational ...
An explanation of the difference between efficiency and (total factor) productivity is found in "An Introduction to Efficiency and Productivity Analysis". [1] To complicate the meaning, operational excellence , which is about continuous improvement, not limited to efficiency, is occasionally used when meaning operational efficiency.
Project governance is the management framework within which project decisions are made. Project governance is a critical element of any project since the accountabilities and responsibilities associated with an organization's business as usual activities are laid down in its organizational governance arrangements; seldom does an equivalent framework exist to govern the development of its ...
Operations readiness and assurance (OR&A) is a process used in the performance of primarily oil, gas and energy projects, to measure progress towards achieving the state of "readiness to operate". OR&A also includes an assurance component which gives an ongoing, real-time indication of the likelihood that the project will achieve that state by ...
Design for excellence (DfX or DFX) is a term and abbreviation used interchangeably in the existing literature, [1] [2] [3] where the X in design for X is a variable which can have one of many possible values. [4]