What does LOE mean in a business context

The Level of Effort (LOE) in business refers to the work activity needed to support a project‘s main function, specifically the time required to complete a specific task, objective, activity, or whole project. This valuable resource carries the same weight as materials or funding. Tasks with great LOE often require more work than average tasks and are important for evaluating a project‘s timeline and delegating and ranking tasks and needs as a project progresses. The level of effort can vary depending on how complex a specific task or project is, and can apply to many different types of tasks such as administrative activities, project budget accounting, project management responsibilities, and team meetings. To calculate the level of effort for a project, it is important to determine how accurate you want your LOE estimates to be, utilize effort estimation methods, and include additional time in your LOE estimates to account for unpredictability and external employees.