Project Performance Baseline

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Questions and Answers

What is the primary purpose of a project scope statement?

To detail project performance measurement baseline

To describe project goals, main deliverables, and characteristics (correct)

To define project schedule baseline

To outline project cost baseline

What is a component of the project management plan?

WBS dictionary

Performance measurement baseline

Project scope statement

Project schedule baseline (correct)

What is the hierarchical structure above a work package?

Project scope statement

WBS dictionary

Control account

Planning package (correct)

What is a performance measurement baseline typically established for?

An entire project (D) Signup and view all the answers

What contains several planning packages?

Control account (A) Signup and view all the answers

What is broken up to a more granular level in a work breakdown structure (WBS)?

The performance measurement baseline (B) Signup and view all the answers

What accompanies the work breakdown structure with details on its constituents?

WBS dictionary (C) Signup and view all the answers

What is the planned schedule of the project after its approval by stakeholders?

Project schedule baseline (B) Signup and view all the answers

What is the output of the schedule development process?

Project schedule baseline (B) Signup and view all the answers

What is the primary purpose of a project scope baseline?

To clearly define and document the scope of a project (A) Signup and view all the answers

What is a constituent of the performance measurement baseline?

All of the above (D) Signup and view all the answers

How many baselines make up a project plan?

3 (A) Signup and view all the answers

What is included in a project's scope baseline?

The scope statement, the work breakdown structure, and the WBS dictionary (D) Signup and view all the answers

Against what is a project's results and progress measured?

The scope baseline (A) Signup and view all the answers

What is the project scope statement a part of?

The scope baseline (D) Signup and view all the answers

Why is it important to agree on a single clear terminology in a project?

To avoid confusion and ensure clear communication among stakeholders (C) Signup and view all the answers

What is the primary purpose of the schedule baseline in a project?

To measure and monitor the project's performance (C) Signup and view all the answers

What are the two essential components of a schedule baseline?

Documented planned project schedule and approval by stakeholders (A) Signup and view all the answers

What is typically included in the detailed components of a schedule baseline?

Sequence of project activities, dependencies, and resource requirements (B) Signup and view all the answers

What is the purpose of a Gantt chart in a project?

To visualize the project schedule baseline (D) Signup and view all the answers

What is the cost baseline in a project?

The budget allocated to project activities (A) Signup and view all the answers

What is included in both the schedule and cost baselines?

Contingency reserves (A) Signup and view all the answers

What is not included in the schedule baseline?

Management reserves (C) Signup and view all the answers

What is the primary tool used to develop the schedule model?

Scheduling or project management software (A) Signup and view all the answers

Study Notes

Performance Measurement Baseline

A performance measurement baseline is typically established for an entire project and can be broken down to a more granular level in a work breakdown structure (WBS).
It consists of three baselines: project scope baseline, project schedule baseline, and project cost baseline.

Project Scope Baseline

A scope baseline defines and documents the scope of a project clearly and in sufficient detail from the beginning.
It is a bundle of scope-related documents that sets out the approved scope of a project.
The scope baseline consists of:
The approved project scope statement
The work breakdown structure (WBS) including control accounts, planning packages, and work packages
The associated WBS dictionary
A project scope statement is a written definition of the project scope, describing the goals, main deliverables, and other characteristics of a project.
A work breakdown structure (WBS) refers to the breakdown of project deliverables into smaller, manageable pieces of work.
The WBS dictionary accompanies the work breakdown structure with details on all its constituents, including an identifier, an outline of the work, responsibilities, assumptions, and estimations.

Project Schedule Baseline

A schedule baseline is the planned schedule of the project after its approval by relevant stakeholders.
It is typically the output of the schedule development process and becomes a component of the project management plan.
The schedule baseline is used to measure and monitor the performance of a project.
A schedule baseline comprises:
The documented planned project schedule (sometimes referred to as a schedule model)
The approval by the relevant stakeholders
The detailed components of the schedule baseline may vary among projects, but essential information reflected in the baseline includes:
Sequence of project activities
Dependencies between activities, including leads and lags
Activity durations
Planned/baselined start and finish dates of activities
Underlying assumptions and constraints
Resource requirements
Other elements necessary for the schedule planning of the project

Project Cost Baseline

A cost baseline is the budget allocated to project activities based on cost estimates.
Both the schedule and cost baselines include contingency reserves but do not contain management reserves.

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Description

Learn about performance measurement baseline in project management, including its establishment, breakdown, and components in a work breakdown structure (WBS).