How to Set a Project Baseline
Want to create a project baseline? Our video outlines the importance of a baseline in project management, as well as the steps you need to take to build one — all in less than two minutes.
Project baselines give you a clear overview of your whole project, enabling you to identify potential issues and address them before they escalate. There are three components to a project baseline: scope, schedule, and cost. Once these have been determined, you can then refer to this point as a performance measurement baseline. When your baselines are fully integrated, you can quickly tell how a schedule delay will impact project costs.
Ready to set your project baseline? Remember to follow these four steps:
Write a scope statement
Outline your project schedule
Estimate your project cost
Consult with stakeholders
Discover more about baselines in project management — including benefits, challenges, and how to manage project baseline changes — in Wrike’s comprehensive guide: https://www.wrike.com/project-managem...
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