Performance Measurement Baseline Notes: Definitions & Explanations PDF | Download eBooks
Study Performance Measurement Baseline lecture notes PDF with project management definitions and explanation to study “What is Performance Measurement Baseline?”. Study performance measurement baseline explanation with project management terms to review project management course for online MBA programs.
Performance Measurement Baseline Definition:
Performance measurement baseline is an integrated scope-schedule-cost plan for the project work against which project execution is compared to measure and manage performance.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Performance Measurement Baseline Notes:
When a project is carried out, it is necessary to measure its performance in order to determine if the project is going as per plan. A performance measurement baseline for a particular project is developed to check its performance. It is a time-phased plan which integrates all the important aspects of the project i.e. scope, schedule, cost etc. Performance measurement baseline measures the accomplishment of the planned work for a project. It also measures if the project is within the estimated budget and the activities are performed at the right time according to the schedule. A performance measurement baseline shows the deviation of work from the plan.
Keep Learning with Project Management Notes
What is Stakeholder Mapping and Representation?
Key project stakeholders must be identified by the project team. For this identification, data regarding them is needed. After data ...
What is Problem Solving Approach?
It is not possible to encounter no issues and problems while carrying out a project. Minor and major, both types ...
What is Cost Baseline?
Cost baseline is basically a detailed budget of the project. The cost estimates of all the associated activities are included ...
What is Prototyping?
When the requirements are established, it is better to develop a model of the requirements in order to get feedback ...
What is Risk Response Planning?
A risk response planning process involves preparing a plan which will be implemented in response to a potential risk. The ...
What is Sensitivity Analysis?
There are several tools and techniques to perform quantitative risk analysis. One of them is sensitivity analysis. Sensitivity analysis identifies ...