|
| |
A baseline is the state of something at a point in time. It is common for things to be in a constant state of change. A baseline is a frozen state that captures a particular moment for purposes such as control, comparison, benchmarking and forecasting. The following are common types of baseline.
Budget BaselineA budget that was approved at a point in time. Used for purposes such as controlling change to a budget or forecasting future costs. For example, a government might use the current year's annual budget as a baseline and apply inflation projections in order to forecast future budget deficits.Project BaselineThe approved schedule, budget and scope of a project at a point in time. Project baselines are a basic tool of project change management.
ConfigurationThe approved configuration of something such as a software service at a point in time. Functional BaselineAn approved version of requirements or specifications.DocumentAn approved version of a document. For example, an operations manual may undergo many revisions but frontline employees may continue to work from the baseline. At some point, the new document becomes the new baseline and employees are trained in the changes. This provides stability to working procedures.
Product BaselineA releasable product at a point in time often marked by a version number.MeasurementsA measurement of something at a point in time that may be used as a starting point for comparison. For example, in order to improve customer satisfaction you need to know what your baseline customer satisfaction is today.
Project Management
This is the complete list of articles we have written about project management.
If you enjoyed this page, please consider bookmarking Simplicable.
A list of management accounting techniques and concepts.
A definition of target costing with examples.
A definition of continuous improvement with examples.
An overview of takt time with calculation formula and example.
The difference between lead time and cycle time explained with an example.
How to calculate productivity with 3 examples.
A definition of complexity cost with examples.
The definition of run rate with calculation examples.
The definition of managerial economics with examples.
A guide to project risk.
A list of basic project management techniques.
A definition of workaround with examples.
A list of project branding techniques.
A definition of project stakeholder management with examples.
A definition of action plan with examples.
The primary types of cost overrun.
The definition of document control with examples.
A guide to project oversight.
A definition of design driven development with examples.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
Site Map
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|
