PBOC was one of the earliest words spoken to me by my manager at a global bank.
“Sorry, what?” was my response, which was clearly what the manager wanted me to say.
“Plan. Build. Operate. Control”, came the reply.
Well I was sure it was working out well for them but wondered why not just say that in the first place. Jargon is used by people who want to pretend they know more than you. When in fact, all they have managed to achieve is a sense of disconnect or worse, rivalry.
A few years later I was headhunted out to a rival and on my last day I walked past that manager and quipped ‘ILT’ for my own amusement.