ASME EMBOK

At CNM Wiki, the ASME EMBOK refers to the Guide to the Engineering Management Body of Knowledge that the American Society of Mechanical Engineers published in 2010.

• Advertising. Mass media communications of a specific message (or set of messages) to potential buyers .
• Balance Sheet. A statement of company resources at a given point in time in terms of assets, liabilities, and owner's equity.
• Balanced Scorecard. A measurement and management system that seeks to link financial data and strategic planning activities.
• Benchmarking. The process of improving performance by continuously identifying, understanding, and adapting the best practices and processes found inside and outside the organization.
• Black Belt. Person who will lead a Six Sigma quality improvement team as his or her full-time job.
• Boston Matrix. Model used to describe a product in relationship to its levels in market share and market growth.
• Branding. Establishing a product "identity" that customers associate with various product qualities (quality, price, service, image, etc.) and which creates value in customers' minds.
• Business Forecasting. A means of measuring economic conditions using statistical models to predict the potential market attractiveness and the organization's competitive position factors at a future time.
• Cash Flow Analysis. Study of the cycle of cash inflow and outflow in a business.
• Change Drivers. Events or variables that drive the evolution of industries.
• Code of Ethics. Code outlining what is ethical behavior for persons in a profession -- usually developed by a professional membership organization.
• Code. Related groups of standards usually created by experts in the particular field and then adopted by governmental bodies.
• Compensation. Items earned by the employee for the job that they do such as salary, benefits package, bonuses and rewards.
• Competitive Intelligence Audit. A review of an organization's operations to determine what is actually known about the competitors and their operations.
• Conflict Mediation. The processes of assisting disputants in defining a conflict and searching for ways to reduce or eliminate it.
• Copyright. The exclusive legal right to reproduce, publish, and sell original work created by a writer (e.g., computer software, literary works, artistic works, etc.).
• Cost of Capital. Actual cost of the capital project plus the opportunity costs associated with the investment.
• Cycle Time Analysis. Analysis that helps to strike a balance between factory loading and cycle time.
• Data Flow Diagram. Linear representation of a system.
• Decision Table. A chart listing all logical conditions and actions.
• Decision Tree. Defines conditions as a series of left-to-right tests showing all possible paths in a design.
• DMAIC. Quality strategy that is part of the Six Sigma quality initiative.
• Earned Value Analysis. A way to assess a project's progress, forecast completion date and final cost, and provide schedule and budget variance along the way.
• EEOC Regulations. The regulations set by the U.S. Equal Employment Opportunity Commission to ensure fair employment practices are extended to all employees and potential employees regardless of diversity factors.
• Enterprise Resource Planning (ERP). Software applications designed to integrate company information and automate as many basic functions as possible.
• Finite Element Analysis. A design decision making tool, used to ensure that products are cost effective, safe, and can be brought to market in a timely manner.
• Flow Chart. A diagram of the various steps involved in designing a system.
• Green Belt. Person who will lead a Six Sigma process improvement team as part of his or her full-time job.
• Hygienes. Term coined by Frederick Herzberg to describe certain workplace factors that, alone, are unlikely to increase worker satisfaction or productivity. These include company policy, working conditions, peers, supervisors and pay.
• Income Statement (P&Ls). An activity-oriented financial statement that covers a specific period of time and summarizes company revenues and expenses.
• Internal Rate of Return. The return that a company would realize if it invested in itself or expanded, rather than investing elsewhere.
• Just In Time (JIT). A supply chain management approach designed to reduce inventories and increase speed of materials purchasing.
• Kaizan. Gradual, unending improvement and increasingly higher standards.
• Kaizen. See Kaizan.
• Kaizenshiro. See Kaizan.
• Key Performance Indicators. Quantifiable measurements, agreed to beforehand, that reflect the critical success factors of an organization.
• Lean Manufacturing. An initiative that focuses on elimination of all waste in manufacturing processes.
• Linking Pin. A role of middle managers used to achieve coordination, inspire cooperation and manage conflict between upper management and direct reports.
• Market Analysis Report. A formal document used to record the findings of a market analysis, formulate recommendations and share findings with key stakeholders.
• Market Analysis. The collection of information used to identify and define market opportunities and problems, and to generate, refine and evaluate market options.
• Market Segmentation. Dividing the market base into homogenous groups in order to strategically target market activities.
• Marketing. Strategies and activities that focus on assessing the needs and wants of potential customers and then meeting those needs.
• Motivating. To inspire employees to achieve greater productivity.
• Negotiation. To confer with others in a way that brings about the equitable settlement of a matter.
• Net Present Value (NPV). A calculation of the present value of cash inflows and the present value of cash outflows used to determine whether an investment or project is profitable.
• Net Present Value. Analysis used by engineers during capital budgeting to determine whether or not a project should be undertaken.
• Outsourcing. Engaging the services of third party service providers to add value to the company (streamline operations, reduce costs, reduce time to market, etc.).
• Patent. The exclusive legal right to make, sell, or license novel and useful inventions.
• Performance Feedback. The return of information to employees about the result of a process or activity.
• Performance Management. The activity of tracking performance against targets and identifying opportunities for improvement.
• Poke-a-Yoke. Mistake proofing or error proofing a process.
• Presentation Techniques. Oral and written communications methods to assist in a focused expression of ideas, recommendations and findings used to inform and influence the thinking of others.
• Product Life Cycle. The stages that products progress through from development to withdrawal from the market.
• Product Portfolio. The range of products a company has in development or available for consumers at any one time.
• Recruitment. The process of locating new team members whose knowledge, skills and abilities fit the needs of the team.
• Regulation. Rule formulated and issued by a governmental agency -- typically has the force of law.
• Return on Investment (ROI). A calculation which identifies profits to be realized or costs to be saved from implementing a project.
• Risk Analysis. A formal framework to identify what actions to take to avoid disruption of marketing plans. Risk equals the probability of an event times the cost of the event .
• Risk Register. A progressive document used over time that contains the outcomes of all risk management processes throughout the lifecycle of the marketing project.
• Sales. Strategies and activities that focus on the attempt to motivate potential customers to purchase a product or service.
• Selection. The process of establishing selection criteria, interviewing and hiring the most qualified job applicant.
• Simulation. Evaluation tool formulated by creating hypothesis about what will happen in the future based on the input of different sets of variables.
• Six Sigma. A tool to improve the processes of a business characterized by well-defined projects executed by a team that includes management champions, Black Belts, and Green Belts.
• Standard. A description established by authority, custom, or general consent as a model of performance, quality, etc.; also, an established rule of measurement.
• SWOT Analysis. An analysis that identifies the strengths, weaknesses, opportunities, and threats a project faces.
• Team Dynamics. The motivating and driving forces that propel a team towards its goal or mission.
• Technology Assessment. An assessment process used to determine the capabilities of any given technology including its specifications and performance, and applicability to a planned project.
• Terms and Conditions. The various clauses that collectively make up a contract.
• Total Quality Management. A management approach to long-term quality improvement by including the entire organization in the improvement process.
• Trademark. The exclusive legal right to use and identifying mark (logo, symbol, product name) as long as it is kept in use.
• Training and Development. The design and delivery of workplace learning to improve performance.
• Trend Analysis. A process that uses historical data to examine what has happened in an organization's past to assist in predicting what might occur in the future.
• Uniform Contract format (UCF). A template of standard contract elements to use when creating engineering contracts.
• Weighted Average Cost of Capital. Described by the formula: (1 minus debt to capital ratio) * cost of equity + debt to capital ratio * cost of debt.
• Work Breakdown Structure. Process that identifies all tasks required to complete a project, the order in which they must occur, the materials required, and the costs associated with each task.
• Workforce Diversity. Using inclusion as a means of achieving superior performance by recognizing the unique contributions of each employee towards meeting the company's goals .