Project Management

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Project Management

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Muthukrishnan Ramakrishnan Automation & Validation Engineer| Automation & Validation Solutions Taichung, Taichung, Taiwan
Hi

Looking for the abbreviation of "CAR"?This is done prior to the commencement of a project budget. Would appreciate it if someone could explain too?
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Keith Novak Tukwila, Wa, United States
It is likely specific to your organization. The C alone can stand for cost, capital, customer, cumulative, charging, contracts, and others. Some acronyms in my workplace have several meanings depending on the context. Best to ask, as you can easily miss the intent by guessing, and it happens frequently.
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1 reply by Muthukrishnan Ramakrishnan
Aug 02, 2021 11:08 AM
Muthukrishnan Ramakrishnan
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Alright, I am guessing it's capital adequacy ratio. But not sure what it is
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Muthukrishnan Ramakrishnan Automation & Validation Engineer| Automation & Validation Solutions Taichung, Taichung, Taiwan
Aug 02, 2021 10:42 AM
Replying to Keith Novak
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It is likely specific to your organization. The C alone can stand for cost, capital, customer, cumulative, charging, contracts, and others. Some acronyms in my workplace have several meanings depending on the context. Best to ask, as you can easily miss the intent by guessing, and it happens frequently.
Alright, I am guessing it's capital adequacy ratio. But not sure what it is
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Peter Rapin Subject Matter Expect; Project Delivery| Independent Consultant Ontario, Canada
Too many undefined acronyms. These are made-up tags used by people in an effort to simplify but end up being exclusionary. I have tried to fight it in the past but apparently this is the way of the future. The following web site may help with the more common acronyms but as Keith writes acronyms can be very specific to an industry, a corporation and even a division within a corporation.

People tend to shy away from asking but having the right information is worth possible embarrassment.


https://acronyms.thefreedictionary.com/
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1 reply by Muthukrishnan Ramakrishnan
Aug 02, 2021 11:08 PM
Muthukrishnan Ramakrishnan
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Agreed.
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Muthukrishnan Ramakrishnan Automation & Validation Engineer| Automation & Validation Solutions Taichung, Taichung, Taiwan
Aug 02, 2021 5:47 PM
Replying to Peter Rapin
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Too many undefined acronyms. These are made-up tags used by people in an effort to simplify but end up being exclusionary. I have tried to fight it in the past but apparently this is the way of the future. The following web site may help with the more common acronyms but as Keith writes acronyms can be very specific to an industry, a corporation and even a division within a corporation.

People tend to shy away from asking but having the right information is worth possible embarrassment.


https://acronyms.thefreedictionary.com/
Agreed.
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VerĂ³nica Elizabeth Pozo Ruiz RYLAI Access Control Quito, Pichincha, Ecuador
*Causal Analysis and Resolution
*Corrective Action Request
*Capital Adequacy Ratio
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1 reply by Muthukrishnan Ramakrishnan
Aug 03, 2021 7:58 PM
Muthukrishnan Ramakrishnan
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Can you explain Capital Adequacy Ratio?
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
In the company where I am working CAR means Captial Appropiation Request. If what we create when we have an Idea and we have to estimate cost at Idea level to request some amount.
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1 reply by Muthukrishnan Ramakrishnan
Aug 03, 2021 7:58 PM
Muthukrishnan Ramakrishnan
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Thanks for the inputs
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Muthukrishnan Ramakrishnan Automation & Validation Engineer| Automation & Validation Solutions Taichung, Taichung, Taiwan
Aug 02, 2021 11:53 PM
Replying to VerĂ³nica Elizabeth Pozo Ruiz
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*Causal Analysis and Resolution
*Corrective Action Request
*Capital Adequacy Ratio
Can you explain Capital Adequacy Ratio?
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Muthukrishnan Ramakrishnan Automation & Validation Engineer| Automation & Validation Solutions Taichung, Taichung, Taiwan
Aug 03, 2021 7:24 AM
Replying to Sergio Luis Conte
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In the company where I am working CAR means Captial Appropiation Request. If what we create when we have an Idea and we have to estimate cost at Idea level to request some amount.
Thanks for the inputs
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Thomas Walenta Global Project Economy Expert Hackenheim, Germany
create acronyms remorselessly
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Sure, it is what you get into to drive away fast when your sponsor wants to fix scope, schedule & cost before your or the team have had a chance to understand what the project is all about :-)

Sorry, I couldn't resist!

Kiron

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