What do you mean by Project Baselining?

Is the value or condition against which all future work-scope and measurements will be compared and used as a point of reference.3 types in Project Management: -Schedule Baseline. -Cost Baseline. -Scope Baseline.3 Benefits are; -Envisages the success of a project -Tracks the progress of tasks, cost, and time. -Controls causes of rework.

 

A baseline is used to perform analysis to find current performance against to the expected level for a specific activity in established time-phase.

Project baseline compare the actual work with the planned work.

A baseline is a set of stored values. Usually these will be:

• Original Scheduled Start and Finish Dates.
• Planned Effort (may be expressed in hours).
• Planned or Budgeted Cost.
• Planned or Budgeted Revenue.

The main benefits of having a project baseline are:

• Ability to assess performance.
• Earned Value calculation.
• Improved future estimating accuracy.

In Project management, Baseline refers to the accepted and approved plans & their related documents. Project baselines are, generally, approved by project management team and those are used to measure and control of project activities.

When you are managing a project, you establish "baseline" cost estimates and schedules based on beginning assumptions. The thing is, at the very beginning of a project there is a lot of uncertainty, so it's really only a ballpark estimate at that point. As things develop, you start to remove some of the uncertainty. Also, situations change - the concept for the project might change, resource availability might change, costs might go up, etc.

Compare the plan with the actual standing

a basis against which to measure the project performance

monitor and control overall the project performance

measure the actual progress during the project life

In development sector, Project baselining helps you in:

1. Need assessments

2. Feasibility study

3. Identifying pre-conditions

4. Developing project proposals & concept notes

 

Creating a first overall plan for Implementation wherein all deliverables are agreed . Setting up a baseline means that from here the Implementation  shall be monitored as per that plan.