The baseline is one of the most popular project management terms among project managers. A baseline is used to measure the performance of the project. There are three baselines in project management. These are –
- Scope baseline: The approved version of a scope statement, work breakdown
structure (WBS), and its associated WBS dictionary, which is used as a basis for comparison.
- Schedule baseline: The approved version of the schedule model that is used as
a basis for comparison to the actual results.
- Cost baseline: The approved version of the time-phased project budget that is
used as a basis for comparison to the actual results.
The combination of these three is considered as complete performance measurement baseline.
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