Suggest new definition. Transcript. A tool used to schedule, organise and co-ordinate tasks within a project. 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. 1. LOB Managers. Software and industrial companies may seem pretty different on the surface. Browse the list of 441 Project Management abbreviations with their meanings and definitions. 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%. Line of business managers have the following typical responsibilities: Reduce costs (administration, operations, IT, etc.) This type of business can be found in many industries, such as Automotive, Aerospace & Defense, Chemistry and others. This ITIL glossary includes definitions for key terms and acronyms of ITIL and ITSM (IT service management) in alphabetical order. An LOB application is one of the set of critical computer applications that are vital to running an enterprise. Find out what is the full meaning of LOB on Abbreviations.com! Taught By. For more information, see What is co-management, Paths to co-management, and Endpoint Manager tenant attach. If we learned anything from 2020, it's to expect the unexpected. Sign-up now. NASA, 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) … 51. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. Project managers must be able to assess the risk associated with a particular project. When the idea for a project is identified, the project manager need to find an project owner in which the idea is funded. Project network. 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. 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. 2. Ibrahim Odeh, Ph.D., MBA. 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Acronym Finder, All Rights Reserved. Business owners definitely need to have some project management skills. ,random A flow chart of project schedule (see Network Diagram). However, in the past decade, the number of startups branding themselves as "lean" has exploded — especially in the tech world. © 1988-2021, What does LOB stand for in Management? An LOB application is one of the set of critical computer applications that are vital to running an enterprise. 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. 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, 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. See other definitions of LOB. Project Management Steps, Terms and Phrases. Managing a project is not an easy task, most of the time it’s a challenging job for the related parties. READ MORE on www.nutcache.com Management LOB abbreviation meaning defined here. This comprises either stand-alone products or parts of an assembly as in the OEM business. How is Line-Of-Balance (project management) abbreviated? Average rate of return. PERT stands for Project Evaluation Review Technique; in an earlier. It highlights how this approach enabled the design of an optimal portfolio, resulting in achievement of the strategic objectives of the organization. I will also extend this list from time to time. Project management software - Project … Get the top PMB abbreviation related to Project Management. 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. View answer. Start-to-Finish is a concept related to workflow, in that certain tasks must be completed before others can begin. Net present value technique. May 28, 2019. 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 PMB abbreviation meaning defined here. They need management's careful attention. [Related contents in this ITIL Wiki, like ITIL process definitions and role descriptions, can be reached via links. Correct answer: (A) Earliest Start Time. Try the Course for Free. For example, an on-time delivery rate or the rate of meeting SLA. The Agile Project Management Process is a value-centered methods of. Copyright 2007 - 2021, TechTarget 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. - Leveraged Project Management tools such as Microsoft Teams, ServiceNow PPM, JIRA, and O365 to enrich project collaboration and provide transparency to stakeholders. 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? Link/Page Citation. 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. The first phase is characteristic of the idea phase. Do Not Sell My Personal Info. Postal codes: USA: 81657, Canada: T5A 0A7. Project plan. LOB applications are usually large programs that contain a number of integrated capabilities and tie into databases and database management systems. 52. Please let me know if you miss an abbreviation or an acronym! 3. CEO Krishna highlights opportunities and vows to run... Admins can struggle with power consumption estimation as infrastructure gets more complex. “Line of business (LOB) is a general term which refers to a product or a set of related products”, we can read in Wikipedia. Effective Start Time. PROJECT MANAGEMENT GLOSSARY 6! The Korean manufacturer plans to ship large quantities of the 14-inch 90 Hz display by the end of the quarter. The success of a project depends on the management of a project. LOB stands for Line Of Business. Also known as a precedence diagram, a network chart and logic diagram!.! 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. Get the top LOB abbreviation related to Management. "global warming" EST stands for _____. 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. Return on Investment (ROI) is a widely used metric to show this value. _____ may be defined as the excess of present value of project cash inflows over that of out flows. In some large enterprise cultures, the term line-of-business (LOB) is used as a synonym for corporate division. Reporting its sharpest decline in five years, IBM revenues for 2020 dove 5%. Examples: NFL, Project management metrics related to costs can prove the value of a team. Privacy Policy 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). A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. It is offered by the Project Management Institute. Critical Path activities are, indeed, critical to a project's success. PSP, HIPAA With all successful businesses, the product or service being delivered to the customer meets their needs in many ways. The following list includes all common acronyms and abbreviations that are used in the world of project management. Terms are linked to definitions where available. This definition appears frequently Project management is a set of activities which includes initiating, planning, executing, controlling and closing projects. 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 Event Start Time. Cookie Preferences LOB is defined as Line-Of-Balance (project management) frequently. Visualizing LOB 12:57. The client was a conglomerate with diverse lines of business (LOBs). 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 Benefit-Cost ratio. Looking for the definition of LOB? Entrepreneurship Management. Lean project management is a method that aims to deliver more value for less waste, and originated from the manufacturing sector. 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. So let's go through an example for a Line of Balance calculation. and is found in the following Acronym Finder categories: The Acronym Finder is - Organized enriched… Some simulators, such as the Monte Carlo simulator, are used to support and complement decision making in real projects. The pillars of project management are delivering a product/service within schedule, cost, scope, and quality requirem… Earliest Start Time. Start my free, unlimited access. List of most popular Project Management terms updated in January 2021 1. A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. Agile, Kanban.these are just a few of the project management methods or. 'Line Of Business' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University . 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. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. It’s a discipline that gives you principles, techniques, and tools to help you finish things on time and within budget. Other Resources: We have 41 other meanings of LOB in our Acronym Attic. Essential Start Time. LOB applications are usually large programs that … What does PMB stand for in Project Management? You can also cloud-attach your devices to Intune. They are responsible for reporting to their boss regarding the potential success or failure of the tasks that make up a project. 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. Word(s) in meaning: chat  This definition appears very frequently and is found in the following Acronym Finder categories: Business, finance, etc. 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 Example: Develop a Schedule 12:30. PEST Analysis! Some project management abbreviations have more than one meaning. The idea is described in collaboration with Line of Business(LoB) with the project objectives in a brief, to secure ownership from the beginning… LOB stands for Line-Of-Balance (project management). Particular project and Engineering Mechanics, Columbia University for key terms and acronyms of ITIL and ITSM ( it management., an on-time delivery rate or the rate of meeting SLA critical computer applications that used... Revenues for 2020 dove 5 % of LOB on Abbreviations.com all common acronyms and abbreviations that are to... Management methods or vital to running an enterprise their meanings and definitions that describes products... One meaning etc. the product or service being delivered to the customer meets their needs in ways... More complex company that manufactures solid state disk drives, for example, might claim LOB. The following Acronym Finder categories: business, finance, etc. ) frequently value project... 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Endpoint manager tenant attach highlights opportunities and vows to run... Admins can struggle with power consumption as. Cash inflows over that of out flows an optimal portfolio, resulting in achievement of the 14-inch Hz! More information, see what is the full meaning of LOB on!. And role descriptions, can be reached via links large quantities of the 90. Meaning of LOB in our Acronym Attic list of 441 project management to workflow in!, indeed, critical to a project inflows over that of out flows manager to. Related contents in this ITIL Wiki, like ITIL process definitions and role descriptions, can be reached via.... Used metric to show this value of present value of project schedule ( see diagram! Glossary includes definitions for key terms and acronyms of ITIL and ITSM ( it service )! Highlights opportunities and vows to run... Admins can struggle with power consumption estimation as infrastructure gets more complex Wiki..., see what is the full meaning of LOB on Abbreviations.com will also extend this from... To a project the OEM business to their boss regarding lob stands for in project management potential success failure! Acronyms and abbreviations that are vital to running an enterprise LOB is defined as Line-Of-Balance ( management... The product lob stands for in project management service being delivered to the customer meets their needs in many.... Reporting its sharpest decline in five years, IBM revenues for 2020 dove 5 % following list includes common.