What is a Project Baseline? And Project Baselining?

The video tutorial explains the concept of baselines in project management, highlighting their role as approved versions of project plans used for comparison with actual results. It covers the creation of baselines at the start of projects or stages, and the process of rebaselining in response to significant changes. The tutorial also discusses the use of baselines in project management software, the linguistic aspects of the term, and various types of baselines including performance, risk, benefits, and product baselines.

What is a baseline in project management?

• A rough draft of a project plan

• An initial estimate of project costs

• The final approved version of a project plan

• A list of project stakeholders

Which of the following is a reason to rebaseline a project?

• To change project stakeholders

• To increase project scope

• To respond to significant disruptions

• To reduce project costs

What is the difference between reactive and proactive rebaselining?

• Reactive is for cost changes, proactive is for schedule changes

• Reactive is for scope changes, proactive is for budget changes

• Reactive is planned, proactive is unplanned

• Reactive is in response to events, proactive is planned for uncertainty

How does project management software assist with baselining?

• It eliminates the need for a project manager

• It automatically adjusts the baseline

• It stores baseline data for comparison with actual data

• It predicts future project outcomes

Which aspect is NOT commonly baselined in a project?

• Schedule

• Stakeholders

• Budget

• Scope

What is a performance measurement baseline?

• A baseline for project risks

• A combination of schedule, budget, and scope baselines

• A baseline for project stakeholders

• A baseline for project benefits

What should be done if the expected level of benefits dips below the baseline?

• Increase the project budget

• Change the project scope

• Delay the project timeline

• Reassess the business case