baseline
A copy of the project schedule for a particular time (usually before the project is started) that can be used for comparison with the current schedule. SOURCE: welcom.com A formally approved version of the project schedule and/or budget that is used as the benchmark for comparing future progress as the project is completed. A baseline cannot be changed without going through a change approval process. Usually used with a a modifier (e.g. cost baseline, schedule baseline, performance measurement baseline). SOURCE: apm.com A copy of project information prior to updating a project with progress. When a baseline is created, current schedule values are copied into their relative baseline ones: • Tasks (start and finish dates, duration, work, cost, splits). • Resources (work, cost). • Assignments (start and finish dates, work, cost). • Timephased work and cost for tasks, resources and assignments. This provides a clear comparison about the status of the project; if it is meeting its baseline or not. Created with the command: Tools..Tracking..Save Baseline. Interim baselines can also be created to assist in what-if? scenarios. SOURCE: microsoft project glossary-projectlearning.net
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