Brief Summary
This video explains the concept of a project baseline in project management. A project baseline is a starting point for a project plan, serving as a fixed reference point to measure and compare project progress. It helps assess project performance over time and identify if the project is on track or requires corrective action. The video also discusses the three main components of a project baseline: schedule, cost, and scope. While it's possible to change the project baseline through change control procedures, it's not recommended to do so frequently as it can make performance measurement meaningless.
- A project baseline is a starting point for a project plan.
- It helps assess project performance over time.
- It has three main components: schedule, cost, and scope.
- Changing the baseline frequently can make performance measurement meaningless.
This chapter introduces the concept of a project baseline. It explains that a project baseline is a fixed reference point used to track and compare project progress. The video uses an example of a project estimated to be completed in four months. If after one month, the project is not on track to meet the baseline, corrective action is needed. The main advantage of using a project baseline is that it allows for early identification of potential problems and the ability to take corrective action to ensure project success.
This chapter discusses the three main components of a project baseline: schedule, cost, and scope. It explains that these components are typically monitored, controlled, and reported separately to ensure that each aspect of the project is on track.
This chapter addresses the possibility of changing the project baseline. While it's possible to change the baseline through change control procedures, it's not recommended to do so frequently. The video explains that frequent changes to the baseline can make performance measurement meaningless, as it becomes difficult to track progress against a constantly shifting target. However, if major changes to the project necessitate a baseline adjustment, it can be done through the appropriate change control processes.
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Transcript
Full transcript of “What is Project Baseline”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.
0:00 hello friends my name is zamasu today we'll discuss about the topic that what is project based line friend today's topic is very important and strict interesting with respect to project management so let's start first of all i would request to please subscribe to my channel and click on the bell option as well so that my new videos can reach to you so let's start friend what is project baseline friend friend project baseline in project management terminology is clearly defined a starting point for your project plan it is fixed reference point to major and compare your project progress against this allows you to assess the performance of your project over time that is the main concept of project based baseline friend like it is a starting point from where
0:46 you can estimate from where you can compare or evaluate your project performance either you are going as per track or not for example as per the project plan uh baseline you estimated that this project should be completed within four months so if after one month you evaluated that either your project progress is according to the baseline project plan or not like you will complete the project as per the project baseline or not if your performance is as per the uh major point as per the baseline so if that means that you are going good if if that is not as for the baseline that means you need corrective action that is the main concept of project baseline
1:32 friend project baseline for example let's say your project is on target to finish in six weeks is that good or bad if your scheduled baseline has a four-week completion you can tell that your senior management that there is a problem and your team may need to make adjustment to speed up your progress so that is the main advantage of using the project baseline a project baseline has typically three components schedule like time three months four months cost and scope often these three baselines are separately monitored controlled and reported to ensure each of the track then another question is that can we change the project baseline uh friend project baseline can be changed
2:19 it is possible through the change control uh change request management and change control procedures however it is not uh how it is not a good practice to change the baseline again and again because see when you are changing the baseline frequently that means the measurement of performance with respect to scope cost and schedule so it will become meaningless so obviously if it is required that there are some major changes in the project so obviously it is possible to change the project baseline uh through the change control procedures however it is not recommended to change the project baseline again and again so friend thank you thanks a lot for
3:05 watching the video i hope uh you like this video if like please share it with your friends and colleagues and thanks for watching the video friend thank you
