3. Managing a project is not an easy task, most of the time it’s a challenging job for the related parties. When the idea for a project is identified, the project manager need to find an project owner in which the idea is funded. - Leveraged Project Management tools such as Microsoft Teams, ServiceNow PPM, JIRA, and O365 to enrich project collaboration and provide transparency to stakeholders. Taught By. LOB stands for Line-Of-Balance (project management). This type of business can be found in many industries, such as Automotive, Aerospace & Defense, Chemistry and others. 2. 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 LOB: Line Of Business: LOB: Line-Of-Balance (project management) LOB: Limit Order Book (finance) LOB: Lost on Board (travel) LOB: Limitation of Benefit (insurance) … NASA, Start-to-Finish is a concept related to workflow, in that certain tasks must be completed before others can begin. Feedback, The World's most comprehensive professionally edited abbreviations and acronyms database, https://www.acronymfinder.com/Line_Of_Balance-(project-management)-(LOB).html, Left Out Board (locations of aircraft underwing pylons), Legend of Blue-Eyes White Dragon (Yu-Gi-Oh cards), Library of Birmingham (Birmingham, England, UK), Locally Optimum Bayes (parametric theory), London over the Border (Girl Guides Association geographic area). LOB is defined as Line-Of-Balance (project management) frequently. A tool used to schedule, organise and co-ordinate tasks within a project. Line of business managers have the following typical responsibilities: Reduce costs (administration, operations, IT, etc.) Project network. There are plenty of viable Windows tablets for business tasks, but each tablet has unique features and components that purchase ... Samsung has dropped the starting price of its latest Galaxy phones by 20%. PERT stands for Project Evaluation Review Technique; in an earlier. This ITIL glossary includes definitions for key terms and acronyms of ITIL and ITSM (IT service management) in alphabetical order. 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. Sign-up now. Suggest new definition. For more information, see What is co-management, Paths to co-management, and Endpoint Manager tenant attach. “Line of business (LOB) is a general term which refers to a product or a set of related products”, we can read in Wikipedia. PROJECT MANAGEMENT GLOSSARY 6! However, in the past decade, the number of startups branding themselves as "lean" has exploded — especially in the tech world. Please let me know if you miss an abbreviation or an acronym! With all successful businesses, the product or service being delivered to the customer meets their needs in many ways. LOB Managers. 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 The Agile Project Management Process is a value-centered methods of. 2. Project management is a set of activities which includes initiating, planning, executing, controlling and closing projects. Other Resources: We have 41 other meanings of LOB in our Acronym Attic. An LOB application is one of the set of critical computer applications that are vital to running an enterprise. You can also cloud-attach your devices to Intune. Some simulators, such as the Monte Carlo simulator, are used to support and complement decision making in real projects. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. At the time of working with a project of government/ public or private, you may find acronyms and abbreviations of different key points that are very much confusing in nature. Benefit-Cost ratio. Project management metrics related to costs can prove the value of a team. The idea is described in collaboration with Line of Business(LoB) with the project objectives in a brief, to secure ownership from the beginning… Critical Path activities are, indeed, critical to a project's success. Some project management abbreviations have more than one meaning. A flow chart of project schedule (see Network Diagram). LOB stands for Line Of Business. Project management software - Project … This comprises either stand-alone products or parts of an assembly as in the OEM business. Essential Start Time. Project managers must be able to assess the risk associated with a particular project. Project Management PMB abbreviation meaning defined here. LOB applications are usually large programs that … Earliest Start Time. Ibrahim Odeh, Ph.D., MBA. Lean project management is a method that aims to deliver more value for less waste, and originated from the manufacturing sector. Get the top PMB abbreviation related to Project Management. They need management's careful attention. I will also extend this list from time to time. In some large enterprise cultures, the term line-of-business (LOB) is used as a synonym for corporate division. 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. They are responsible for reporting to their boss regarding the potential success or failure of the tasks that make up a project. 1. The following list includes all common acronyms and abbreviations that are used in the world of project management. and is found in the following Acronym Finder categories: The Acronym Finder is Postal codes: USA: 81657, Canada: T5A 0A7. The first phase is characteristic of the idea phase. 51. If we learned anything from 2020, it's to expect the unexpected. 52. Co-management offers many benefits, including running remote actions on the device (restart, remote control, factory reset), conditional access with device compliance, and more. So let's go through an example for a Line of Balance calculation. Start my free, unlimited access. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. 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. Looking for the definition of LOB? CEO Krishna highlights opportunities and vows to run... Admins can struggle with power consumption estimation as infrastructure gets more complex. For example, an on-time delivery rate or the rate of meeting SLA. How is Line-Of-Balance (project management) abbreviated? Do Not Sell My Personal Info. ,random PSP, HIPAA Try the Course for Free. 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. Acronym Finder, All Rights Reserved. A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. Also known as a precedence diagram, a network chart and logic diagram!.! PERT stands for Program Evaluation Review Technique, a method developed by the United States Navy in the 1950s to manage the Polaris submarine missile programme. EST stands for _____. What does PMB stand for in Project Management? 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. Find out what is the full meaning of LOB on Abbreviations.com! 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. Software and industrial companies may seem pretty different on the surface. Terms are linked to definitions where available. Visualizing LOB 12:57. Business owners definitely need to have some project management skills. Browse the list of 441 Project Management abbreviations with their meanings and definitions. The client was a conglomerate with diverse lines of business (LOBs). Word(s) in meaning: chat  It highlights how this approach enabled the design of an optimal portfolio, resulting in achievement of the strategic objectives of the organization. 'Line Of Business' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. The success of a project depends on the management of a project. PEST Analysis! Effective Start Time. "global warming" It is offered by the Project Management Institute. Project plan. Return on Investment (ROI) is a widely used metric to show this value. [Related contents in this ITIL Wiki, like ITIL process definitions and role descriptions, can be reached via links. A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. Privacy Policy 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. Entrepreneurship Management. Reporting its sharpest decline in five years, IBM revenues for 2020 dove 5%. 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 An LOB application is one of the set of critical computer applications that are vital to running an enterprise. The product or service is of the quality desired, the costs are aligned with what the consumer expected, and the timeliness of the product or service meets the deadline for the buyer of that item. Net present value technique. LOB applications are usually large programs that contain a number of integrated capabilities and tie into databases and database management systems. The pillars of project management are delivering a product/service within schedule, cost, scope, and quality requirem… Event Start Time. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. Average rate of return. READ MORE on www.nutcache.com LOB Example: Develop a Schedule 12:30. SF can also be used to denote “Scheduled Finish Date”, but context should help you to understand what the acronym stands for in any given situation. What does LOB stand for in Management? It’s a discipline that gives you principles, techniques, and tools to help you finish things on time and within budget. Project management simulators - Software training tools that teach project management skills via interactive learning and provide real-time feedback by which project management trainees can practice and reassess their decision making. Newly appointed Intel CEO Pat Gelsinger brings technical chops to the top of the giant chipmaker, but it may take a while to ... All Rights Reserved, © 1988-2021, Project Management Steps, Terms and Phrases. Agile, Kanban.these are just a few of the project management methods or. Check out this excerpt from the HCISPP All-in-One Exam Guide to learn more about privacy and security in healthcare, one of the ... Are you thinking of taking the HCISPP exam? - Organized enriched… See other definitions of LOB. Correct answer: (A) Earliest Start Time. Cookie Preferences May 28, 2019. Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University . Link/Page Citation. Get the top LOB abbreviation related to Management. 1. This definition appears very frequently and is found in the following Acronym Finder categories: Business, finance, etc. Transcript. List of most popular Project Management terms updated in January 2021 _____ may be defined as the excess of present value of project cash inflows over that of out flows. Copyright 2007 - 2021, TechTarget View answer. I would like to answer this in two ways: what LOB means (1) in concept and reality, and (2) in the context of your task. This definition appears frequently Examples: NFL, Business continuity and disaster recovery, Small-business infrastructure and operations, Business intelligence - business analytics, Selling to the LOB manager: Reseller, beware, Top cloud compliance standards and how to use them, HHS proposes changes to HIPAA privacy rule, 7 free GRC tools every compliance professional should know about, Real-time customer experience in healthcare is on the horizon, A look inside the all-in-one HCISPP exam guide, Get started on your HCISPP training with this practice quiz, IBM acquisition spree targets hybrid cloud consulting market, How to choose between IaaS and SaaS cloud models, COVID-19 and remote work shift cloud predictions for 2021, Samsung to release a faster OLED laptop display, The best Windows tablets for business in 2021, Samsung lowers the price of Galaxy phones with S21 line, IBM revenues head south again as hardware, services sales dip, Get a template to estimate server power consumption per rack, When the chips are down, Intel turns to VMware's Pat Gelsinger. 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Reporting to their boss regarding the potential success or failure of the that... See Network diagram ) integrated capabilities and tie into databases and database management.... In many industries, such as Automotive, Aerospace & Defense, and... Such as Automotive, Aerospace & Defense, Chemistry and others project is not an easy task most! Reached via links and logic diagram!. tools to help you finish things on time and within.!