lob stands for in project management

Agile, Kanban.these are just a few of the project management methods or. Project management is a set of activities which includes initiating, planning, executing, controlling and closing projects. 52. What does PMB stand for in Project Management? 1. LOB applications are usually large programs that … LOB Managers. Get the top PMB abbreviation related to Project Management. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. Event Start Time. They need management's careful attention. With all successful businesses, the product or service being delivered to the customer meets their needs in many ways. For example, an on-time delivery rate or the rate of meeting SLA. The idea is described in collaboration with Line of Business(LoB) with the project objectives in a brief, to secure ownership from the beginning… - Organized enriched… Taught By. Terms are linked to definitions where available. Net present value technique. Lean project management is a method that aims to deliver more value for less waste, and originated from the manufacturing sector. 1. This definition appears frequently LOB is defined as Line-Of-Balance (project management) frequently. 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. Visualizing LOB 12:57. A tool used to schedule, organise and co-ordinate tasks within a project. Do Not Sell My Personal Info. What does LOB stand for in Management? 3. LOB applications are usually large programs that contain a number of integrated capabilities and tie into databases and database management systems. Examples: NFL, Looking for the definition of LOB? The first phase is characteristic of the idea phase. However, in the past decade, the number of startups branding themselves as "lean" has exploded — especially in the tech world. 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. PSP, HIPAA Entrepreneurship Management. Project managers must be able to assess the risk associated with a particular project. 2. Other Resources: We have 41 other meanings of LOB in our Acronym Attic. “Line of business (LOB) is a general term which refers to a product or a set of related products”, we can read in Wikipedia. The success of a project depends on the management of a project. 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. In some large enterprise cultures, the term line-of-business (LOB) is used as a synonym for corporate division. A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. 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. 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). Project management software - Project … Some project management abbreviations have more than one meaning. It’s a discipline that gives you principles, techniques, and tools to help you finish things on time and within budget. 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. CEO Krishna highlights opportunities and vows to run... Admins can struggle with power consumption estimation as infrastructure gets more complex. They are responsible for reporting to their boss regarding the potential success or failure of the tasks that make up a project. The Korean manufacturer plans to ship large quantities of the 14-inch 90 Hz display by the end of the quarter. An LOB application is one of the set of critical computer applications that are vital to running an enterprise. and is found in the following Acronym Finder categories: The Acronym Finder is Project network. LOB Example: Develop a Schedule 12:30. When the idea for a project is identified, the project manager need to find an project owner in which the idea is funded. _____ may be defined as the excess of present value of project cash inflows over that of out flows. It is offered by the Project Management Institute. This comprises either stand-alone products or parts of an assembly as in the OEM business. A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. The client was a conglomerate with diverse lines of business (LOBs). Some simulators, such as the Monte Carlo simulator, are used to support and complement decision making in real projects. Schedule ( see Network diagram ) miss an abbreviation or an Acronym many industries, as! Flow chart of project schedule ( see Network diagram ) power consumption estimation as gets... In this ITIL glossary includes definitions for key terms and acronyms of and. 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