performance measurement baseline (pmb)

The time-phased budget plan against which project performance is measured. It is formed by the budgets assigned to scheduled cost accounts and the applicable indirect budgets. It is formed by the budgets assigned to scheduled cost accounts and the applicable indirect budgets. For future effort, not planned to the cost account level, the Performance Measurement Baseline also includes budgets assigned to higher-level CWBS elements. The PMB does not include any management or contingency reserves, which are isolated above the PMB.

SOURCE: welcom.com