What is Project Management Baseline?
Baseline maps to the snapshot of the project at a specific
point in time. As an illustration, after project planning is completed, a
baseline is taken. Later in the project, the extent to which actual results
differed from the plans measured against the baseline, or if the change request
was approved, the impact on cost, schedule, etc. was changed in the plans and
then a new baseline is taken.
Performance Management Baseline.
Performance management baseline is contained 3 different
baselines, scope baseline, schedule baseline, and cost baseline.
Scope baseline.
Scope baseline included project scope statement, WBS, and
WBS dictionary.
Project scope statement.
Project scope statement included the work will be done
throughout the project and requirements of the work as well.
WBS.
WBS displays the hierarchy of the activities, components,
and work packages that will be necessary to fulfill the overall project work.
Take the project to build airplanes, for instance.. Audio
system, media system, etc. are part of the entertainment system which is work
package. Other systems like light system, communication system work package all
together constitute the completion airplane manufacture project.
WBS Dictionary.
WBS dictionary provides detailed information about the item
in WBS.
Schedule Baseline.
The agreed-upon project timetable is described in the
baseline schedule. The start and end dates for each activity are listed in the
baseline schedule. The project's duration and completion date can be determined
from the schedule baseline, and it also provides a project milestone.
Cost Baseline.
Time-phase cost budget is provided by cost baseline. The
amount of money that will be spent on the project is specified, together with
the dates and quantity of payments that will be paid. Based on this baseline,
company arrangement funding for the project respectively.
When work is being done, the project manager must
investigate deviations from the baseline. Because all stakeholders agreed to
this plan after planning was complete, and stakeholders anticipated that the
actual results would be as planned during planning.
During project execution, the project manager will look for
any deviations from the cost baseline, schedule baseline, or scope baseline.
Corrective and preventive action that will have an impact on the project should
be implemented if there is a risk that the project's budget will be exceeded or
if there were risks that caused project delays.
Baseline can be changed, but it shouldn't be that simple.
Baselines are used to check your progress toward your plans. If the baseline is
regularly changed, deviation or variation from the original plan will occur. As
a result, in the real world, baselines are often changed only in response to
approved change requests or with project sponsor approval.
Changes to the baseline can be formally requested during the
execution or monitoring and control of process groups, but after stakeholders
have agreed, updating the baseline is difficult. Because the baseline will
serve as the reference point to evaluate project performance and because
changing this reference point will result in inaccurate performance
measurement, respectively. Baselines are thus revised upon formal request and
with the sponsor's or customer's approval.
Changes are evaluated and approved in the perform integrated
change control process. Changes are evaluated by the change control board with
impacts to the project. if the change is approved by change control board, the
impact of the changes are revised in the project plans first and then change
implemented respectively.
Uncompleted risk identification and risk management are frequently
the cause of deviations from the baseline. For instance, there might have been
work or an impact if the cost of an activity or item exceeded the plan value or
if an activity or work package took longer than the plan durations. And the
fundamental reason for this is ineffective risk identification and management.