Line of Balance
Line Of Balance (LOB) is a management control process for collecting, measuring and presenting facts relating to time, cost and accomplishment – all measured against a specific plan. It shows the process, status, background, timing and phasing of the project activities, thus providing management with measuring tools that help:
- Comparing actual progress with a formal objective plan.
- Examining only the deviations from established plans, and gauging their degree of severity with respect to the remainder of the project.
- Receiving timely information concerning trouble areas and indicating areas where appropriate corrective action is required.
- Forecasting future performance.
SDG’s “Line of Balance” is a graphic device that enables us to see at a single glance which of many activities comprising a complex operation are “in balance” – i.e., whether those which should have been completed at the time of the review actually are completed and whether any activities scheduled for future completion are lagging behind schedule.