What does the performance measurement baseline consist of?

The performance measurement baseline is a critical component in project management that consists of the scope, schedule, and cost baselines. This comprehensive baseline serves as the approved version of the project plan, allowing for an objective measurement of project performance and progress.

By integrating scope, schedule, and cost, the performance measurement baseline establishes a set of standards and expectations against which project performance can be assessed. This is essential for tracking whether a project is on track, under budget, or within the defined scope. It enables project managers to determine the actual versus planned performance and to identify any variances that require action.

The inclusion of all three elements—scope, schedule, and cost—creates a holistic view of the project and ensures that all aspects are aligned with the overall project goals. This cohesive approach helps in making informed decisions throughout the project lifecycle, facilitating better management of resources and timelines.