Baseline is the value or condition against which all future measurements will be compared. The baseline is a point of reference. In project management there are three baselines – schedule baseline, cost baseline and scope baseline.
Why Your Baseline is Essential in Project Management. A baseline is an important element of project management. Without a baseline, there will be no performance measurement and no earned value analysis for your project. … A proper baseline process earns value and credibility for the project. Please join our classroom to learn more…