ENTREPRENEURSHIP

Detailed explanation-1: -Line of Balance (LOB) Line of Balance (LOB) is a management control process for collecting, measuring, and presenting facts relating to time (see Schedule Control), cost, and accomplishment – all measured against a specific plan.

Detailed explanation-2: -Line of business (LOB) is a general term that describes the related product or services a business or manufacturer offers.

Detailed explanation-3: -A Line of Balance Chart is a graphical representation of a project schedule, that uses lines of progression to indicate the different work task being performed and the rate of production of these work tasks.

Detailed explanation-4: -A line of balance diagram comprises a series of inclined lines which represent the rate of working between repetitive operations in a construction sequence. The Line‐of‐Balance also known as the Repetitive Scheduling Method (RSM), Location Based Scheduling, Vertical Production Method or Vertical Scheduling Method.

Detailed explanation-5: -According to the Formula (1), (2) and (3), line balance efficiency is calculated as follows. =[the total process time/CT*operation number]*100% =[50.4+63+63+61.95+57.75+36.75+42/(63*7)]*100%=85% Balance delay rate is calculated as follows.