(1). A positive-sounding way to describe a poor condition or situation, in an attempt to maintain the illusion that all conditions or situations are actually good ones.
“Dude, Mike is really behind the eight ball this week. He’s got three client meetings, two presentations and a date with the hot chick in Accounting who thinks he’s the V.P. in charge of Marketing…which he’s not.”
(1). “Level Of Effort”, or in other words, how much of a pain in the processors it’s going to be to do whatever the business wants you to do to the system.
“Okay, so after further analysis, our LOE has changed a bit. We now think it’s going to take 378.4 man-days to complete this phase of the project. So, based on that, we’re going to need to allocate 25.6 man-boys to this effort.”