If you’re involved in project management, you must have heard about ‘baseline’ or ‘baseline plan’ repeatedly. Being an important part of project planning, a baseline becomes a point of reference against which you can measure the project’s progress over time.
Baseline planning is carried out during the project initiation phase to turn a project proposal into an initial project plan. To create a project baseline, project managers approve the scope, time, and budget with key stakeholders and seal the deal.
Corresponding to the iron triangle in project management, baseline can be of three types: scope baseline, cost baseline, and time baseline. After the baseline is set, it allows project managers to create a realistic schedule within the constraints of scope, time, and budget.
Forecast has just released the ultimate Baseline feature to create better end-to-end project experiences. Read more about it here.