What is the goal of a performance measurement baseline?

The goal of a performance measurement baseline is to provide benchmarks for measuring project success. This baseline establishes the approved version of the project's scope, schedule, and cost, serving as a point of reference for performance monitoring and control throughout the life of the project. By comparing actual performance against this baseline, project managers can assess how well the project is progressing in relation to its defined objectives.

Using the performance measurement baseline allows for effective tracking of project metrics and aids in identifying variances between planned and actual performance. This ensures that any deviations can be addressed promptly, allowing the project team to maintain alignment with its goals and make informed decisions to steer the project towards success.