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Consumer Price Index (CPI)

What Is the Consumer Price Index (CPI)? The Consumer Price Index (CPI), which measures the change in prices paid monthly by U.S. customers, is calculated using a data component and a weighted average of prices for ‘baskets of goods and services. Bureau of Labor...

Upstream

The Upstream industry has proven with the shale boom that innovation is a gamble worth taking. As the industry settles into unprecedented drilling and production going forward, one initiative that can push E&P companies even further is data...

Upper Control Limit (UCL)

What is the upper control limit (UCL) of a vehicle? The control chart is composed of multiple parts. The control chart has two control limits and an average line. The dashed bottom line is the Lower Control Limit (LCL). The solid middle line...

U-Chart

What is a U-Chart? The attribute chart is also known as a control u-chart or defect per-unit chart. The chart is used to monitor data counts when the sample size exceeds one. The u chart can track the average number per unit of defects, whether...

RACI

RACI is an acronym for Responsible, Accountable, Consulted, and Informed. Each of the four components are defined as follows: Responsible: a team leader or manager who is responsible for completing the project successfully. Accountable: the person who...