The “Line of Balance” (LOB) is a graphic device that enables a manager 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. History: LOB was devised by the members of a group headed by George E. Fouch. During 1941, the Goodyear Tire & Rubber Company monitored production with LOB. It was successfully applied to the production planning and scheduling of the huge Navy mobilization program of World War ll. LOB proved to be a valuable tool for expediting production visibility during the Korean hostilities. During this period, defense suppliers used LOB http://www.valuation-opinions.com/ev/lob.lasso.
Source: Line of Balance Technology: A graphic method of industrial programming, US Department of Navy, April 1962
Addressing the root cause of capital project cost and schedule overruns through Project Production Management and its foundation of Operations Science.