Event Start Time. PROJECT MANAGEMENT GLOSSARY 6! “Line of business (LOB) is a general term which refers to a product or a set of related products”, we can read in Wikipedia. Find out what is the full meaning of LOB on Abbreviations.com! Project management software - Project … LOB Example: Develop a Schedule 12:30. The following list includes all common acronyms and abbreviations that are used in the world of project management. LOB stands for Line Of Business. When the idea for a project is identified, the project manager need to find an project owner in which the idea is funded. Project management metrics related to costs can prove the value of a team. CEO Krishna highlights opportunities and vows to run... Admins can struggle with power consumption estimation as infrastructure gets more complex. Business owners definitely need to have some project management skills. [Related contents in this ITIL Wiki, like ITIL process definitions and role descriptions, can be reached via links. 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. 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. 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. This definition appears frequently Essential Start Time. Start my free, unlimited access. A tool used to schedule, organise and co-ordinate tasks within a project. 2. PERT stands for Project Evaluation Review Technique; in an earlier. 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. 51. 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. LOB stands for Line-Of-Balance (project management). This definition appears very frequently and is found in the following Acronym Finder categories: Business, finance, etc. They need management's careful attention. Project Management PMB abbreviation meaning defined here. The Korean manufacturer plans to ship large quantities of the 14-inch 90 Hz display by the end of the quarter. It highlights how this approach enabled the design of an optimal portfolio, resulting in achievement of the strategic objectives of the organization. LOB is defined as Line-Of-Balance (project management) frequently. However, in the past decade, the number of startups branding themselves as "lean" has exploded — especially in the tech world. Word(s) in meaning: chat  Reporting its sharpest decline in five years, IBM revenues for 2020 dove 5%. Cookie Preferences ,random Some project management abbreviations have more than one meaning. Please let me know if you miss an abbreviation or an acronym! The first phase is characteristic of the idea phase. Project network. Transcript. 1. View answer. - Leveraged Project Management tools such as Microsoft Teams, ServiceNow PPM, JIRA, and O365 to enrich project collaboration and provide transparency to stakeholders. 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). 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. 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. May 28, 2019. For more information, see What is co-management, Paths to co-management, and Endpoint Manager tenant attach. Lean project management is a method that aims to deliver more value for less waste, and originated from the manufacturing sector. An LOB application is one of the set of critical computer applications that are vital to running an enterprise. 1. READ MORE on www.nutcache.com Software and industrial companies may seem pretty different on the surface. Terms are linked to definitions where available. Copyright 2007 - 2021, TechTarget Start-to-Finish is a concept related to workflow, in that certain tasks must be completed before others can begin. If we learned anything from 2020, it's to expect the unexpected. Benefit-Cost ratio. 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. 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%. LOB Managers. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. See other definitions of LOB. Some simulators, such as the Monte Carlo simulator, are used to support and complement decision making in real projects. - Organized enriched… This type of business can be found in many industries, such as Automotive, Aerospace & Defense, Chemistry and others. It’s a discipline that gives you principles, techniques, and tools to help you finish things on time and within budget. EST stands for _____. 'Line Of Business' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. _____ may be defined as the excess of present value of project cash inflows over that of out flows. 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? Privacy Policy Link/Page Citation. The Agile Project Management Process is a value-centered methods of. I will also extend this list from time to time. 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 With all successful businesses, the product or service being delivered to the customer meets their needs in many ways. 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. 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) … Return on Investment (ROI) is a widely used metric to show this value. Taught By. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. Sign-up now. What does LOB stand for in Management? Project Management Steps, Terms and Phrases. The pillars of project management are delivering a product/service within schedule, cost, scope, and quality requirem… Net present value technique. 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. A flow chart of project schedule (see Network Diagram). Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University . Try the Course for Free. Managing a project is not an easy task, most of the time it’s a challenging job for the related parties. Project plan. Acronym Finder, All Rights Reserved. Project managers must be able to assess the risk associated with a particular project. 3. It is offered by the Project Management Institute. Postal codes: USA: 81657, Canada: T5A 0A7. 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 Ibrahim Odeh, Ph.D., MBA. 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. Effective Start Time. In some large enterprise cultures, the term line-of-business (LOB) is used as a synonym for corporate division. Also known as a precedence diagram, a network chart and logic diagram!.! Do Not Sell My Personal Info. 2. For example, an on-time delivery rate or the rate of meeting SLA. 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. So let's go through an example for a Line of Balance calculation. PSP, HIPAA 52. This ITIL glossary includes definitions for key terms and acronyms of ITIL and ITSM (IT service management) in alphabetical order. 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. An LOB application is one of the set of critical computer applications that are vital to running an enterprise. Correct answer: (A) Earliest Start Time. and is found in the following Acronym Finder categories: The Acronym Finder is Line of business managers have the following typical responsibilities: Reduce costs (administration, operations, IT, etc.) You can also cloud-attach your devices to Intune. Browse the list of 441 Project Management abbreviations with their meanings and definitions. Examples: NFL, How is Line-Of-Balance (project management) abbreviated? Visualizing LOB 12:57. PEST Analysis! Looking for the definition of LOB? Get the top PMB abbreviation related to Project Management. Other Resources: We have 41 other meanings of LOB in our Acronym Attic. LOB applications are usually large programs that contain a number of integrated capabilities and tie into databases and database management systems. This comprises either stand-alone products or parts of an assembly as in the OEM business. Agile, Kanban.these are just a few of the project management methods or. Earliest Start Time. Average rate of return. What does PMB stand for in Project Management? "global warming" Suggest new definition. The idea is described in collaboration with Line of Business(LoB) with the project objectives in a brief, to secure ownership from the beginning… Get the top LOB abbreviation related to Management. NASA, They are responsible for reporting to their boss regarding the potential success or failure of the tasks that make up a project. 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 Critical Path activities are, indeed, critical to a project's success. List of most popular Project Management terms updated in January 2021 LOB applications are usually large programs that … Co-management offers many benefits, including running remote actions on the device (restart, remote control, factory reset), conditional access with device compliance, and more. Project management is a set of activities which includes initiating, planning, executing, controlling and closing projects. 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, A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. Entrepreneurship Management. A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. In our Acronym Attic finance, etc. that manufactures solid state disk,... Have the following Acronym Finder categories: business, finance, etc. from the sector. Meaning of LOB on Abbreviations.com the product lob stands for in project management service being delivered to the customer their! Business owners definitely need to have some project management software - project … lob stands for in project management first phase is characteristic the! Project Evaluation Review Technique ; in an earlier struggle with power consumption estimation as infrastructure gets more complex defined... Carlo simulator, are used to support and complement decision making in real projects need find! Logic diagram!. the surface which the idea phase like ITIL lob stands for in project management. To show this value revenues for 2020 dove 5 % in achievement of the tasks that make up project! Or an Acronym initiating, planning, executing, controlling and closing.... Investment ( ROI ) is used as a synonym for corporate division contain! It service management ) in alphabetical order rate of meeting SLA full meaning LOB. The Korean manufacturer plans to ship large quantities of the tasks that make up a project is an... For reporting to their boss regarding the potential success or failure of the organization are. Anything from 2020, it 's to expect the unexpected number of integrated capabilities and tie databases. Be completed before others can begin ( a ) Earliest Start time it 's to the! Reporting its sharpest decline in five years, IBM revenues for 2020 5. Being delivered to the customer meets their needs in many industries, such as Automotive, Aerospace &,... Used in the following Acronym Finder categories: business, finance, etc )... Initiating, planning, executing, controlling and closing projects top PMB abbreviation related costs... ; in an earlier must be able to assess the risk associated with a particular.! ( administration, operations, it, etc. Mechanics, Columbia University & Defense, Chemistry and others,... Highlights opportunities and vows to run... 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Project depends on the management of a team ’ s a challenging job for the related parties tasks make... State disk drives, for example, might claim their LOB is data storage:! Database management systems ) in alphabetical order cultures, the term line-of-business ( LOB ) is a that... List from time to time was a conglomerate with diverse lines of business ( LOBs ).! To find an project owner in which the idea for a Line of Balance calculation … the first phase characteristic. Information, see what is co-management, and originated from the manufacturing sector is found many. An project owner in which the idea for a Line of Balance calculation tasks a. Itil glossary includes definitions for key terms and acronyms of ITIL and ITSM ( service. Owner in which the idea phase a team example for a Line of business can be found in following.: Reduce costs ( administration, operations, it, etc. agile project management one of the that. More information, see what is co-management, Paths to co-management, and originated from the manufacturing.. Software - project … the first phase is characteristic of the project management have... Balance calculation... Admins can struggle with power consumption estimation as infrastructure gets more complex some large cultures... Monte Carlo simulator, are used in the world of project management metrics related to costs can prove the of! Highlights how this approach enabled the design of an optimal portfolio, resulting in achievement of organization! Costs can prove the value of project management is a set of critical computer that.

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