Managing a project is not an easy task, most of the time it’s a challenging job for the related parties. The following list includes all common acronyms and abbreviations that are used in the world of project management. Visualizing LOB 12:57. The line-of-balance (LOB) technique has demonstrated many advantages in scheduling repetitive projects, one of which is that it allows more than one crew to be hired by an activity concurrently. 1. A flow chart of project schedule (see Network Diagram). Privacy Policy An LOB application is one of the set of critical computer applications that are vital to running an enterprise. Management LOB abbreviation meaning defined here. Line of business ( LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. This type of business can be found in many industries, such as Automotive, Aerospace & Defense, Chemistry and others. Project management metrics related to costs can prove the value of a team. For more information, see What is co-management, Paths to co-management, and Endpoint Manager tenant attach. Some simulators, such as the Monte Carlo simulator, are used to support and complement decision making in real projects. So let's go through an example for a Line of Balance calculation. _____ may be defined as the excess of present value of project cash inflows over that of out flows. 2. PROJECT MANAGEMENT GLOSSARY 6! View answer. PMP (Project Management Professional) This refers to a valued certification in project management that rigorously tests knowledge and skill in managing all of the triple constraints: time, cost and scope. This paper discusses a client's engagement on how the perspectives of portfolio, program, and project management were integrated and implemented for better business performance. Correct answer: (A) Earliest Start Time. Terms are linked to definitions where available. List of most popular Project Management terms updated in January 2021 READ MORE on www.nutcache.com However, in the past decade, the number of startups branding themselves as "lean" has exploded — especially in the tech world. CEO Krishna highlights opportunities and vows to run... Admins can struggle with power consumption estimation as infrastructure gets more complex. The development of products for the mass market is a different type of business, which is covered in our project management in R&D section. May 28, 2019. ,random LOB: Loaf of Bread: LOB: Lateral Organ Boundary (genes) LOB: Lancaster-Oslo-Bergen: LOB: Land of Bears (anime) LOB: Line-Of-Balance (project management) LOB: Laboratory of Biomedical Optics (Switzerland) LOB: Lots of Blood (band) LOB: Loss of Balance: LOB: Limit Order Book (finance) LOB: Load of Bollocks: LOB: Live on Board: LOB: Lordz of Brooklyn (band) LOB: Limit of Blank: LOB: Low-Order Byte Please let me know if you miss an abbreviation or an acronym! 51. LOB applications are usually large programs that contain a number of integrated capabilities and tie into databases and database management systems. PERT stands for Project Evaluation Review Technique; in an earlier. For example, an on-time delivery rate or the rate of meeting SLA. The client was a conglomerate with diverse lines of business (LOBs). Critical Path activities are, indeed, critical to a project's success. Some project management abbreviations have more than one meaning. Project Management Steps, Terms and Phrases. This definition appears frequently Average rate of return. LOB Managers. Business owners definitely need to have some project management skills. The pillars of project management are delivering a product/service within schedule, cost, scope, and quality requirem… 52. The Korean manufacturer plans to ship large quantities of the 14-inch 90 Hz display by the end of the quarter. Get the top LOB abbreviation related to Management. "global warming" Also known as a precedence diagram, a network chart and logic diagram!.! NASA, Copyright 2007 - 2021, TechTarget Project management software - Project … They need management's careful attention. Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University . Get the top PMB abbreviation related to Project Management. Try the Course for Free. Other Resources: We have 41 other meanings of LOB in our Acronym Attic. Earliest Start Time. What does PMB stand for in Project Management? In some large enterprise cultures, the term line-of-business (LOB) is used as a synonym for corporate division. Event Start Time. Return on Investment (ROI) is a widely used metric to show this value. The Agile Project Management Process is a value-centered methods of. The deadline satisfaction problem in LOB scheduling (DSPLOB) aims to find an LOB schedule such that the project is completed within a given deadline and the total number of crews is minimized. “Line of business (LOB) is a general term which refers to a product or a set of related products”, we can read in Wikipedia. Essential Start Time. LOB: Launch Operations Building: LOB: Lost on Board (travel) LOB: Limitation of Benefit (insurance) LOB: Low-Order Bit: LOB: Lost on Base (military slang) LOB: Lease Office Building (United Arab Emirates) LOB: Locally Optimum Bayes (parametric theory) LOB: Limited Operating Base: LOB: London over the Border (Girl Guides Association geographic area) LOB: Loss Of Bargain: LOB - Organized enriched… An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. Net present value technique. Project Management PMB abbreviation meaning defined here. Software and industrial companies may seem pretty different on the surface. The term definitions below often reference our Fundamentals Workbook or the PMBOK 6th Edition.. 8/80 Rule: Although this is named a rule, it really isn’t one – it is an occasionally used guideline that suggests that work packages in a WBS should be decomposed to equate to no more than 80 hours and no less than 8 hours of work. When the idea for a project is identified, the project manager need to find an project owner in which the idea is funded. Find out what is the full meaning of LOB on Abbreviations.com! Cookie Preferences Project plan. Project network. 1. LOB stands for Line-Of-Balance (project management). Postal codes: USA: 81657, Canada: T5A 0A7. 'Line Of Business' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. Entrepreneurship Management. Start-to-Finish is a concept related to workflow, in that certain tasks must be completed before others can begin. Project management is a set of activities which includes initiating, planning, executing, controlling and closing projects. Browse the list of 441 Project Management abbreviations with their meanings and definitions. They are responsible for reporting to their boss regarding the potential success or failure of the tasks that make up a project. How is Line-Of-Balance (project management) abbreviated? It is offered by the Project Management Institute. The Practical Guide to Project Management 4 Contents Contents Preface7 1 Introduction 8 1.1 The Project Process 9 1.2 The Importance of a Project Management Process 9 1.3 Project Definition 10 1.4 Project Management Definition 11 2 Initiation12 2.1 Project Criticality 12 2.2 Project Type (Complexity) 13 2.3 Scope Statement 14 Cultures, the product or service being delivered to the customer meets their in! 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